Vietnam 2030 Report, a guideline for boosting rapid sustainable development in Vietnam in the near future, is expected to be published by the Government of Vietnam and the World Bank in 2015.
The first meeting on drafting the report took place in Hanoi on September 9, which was co-chaired by Deputy Prime Minister Vu Duc Dam and WB Vice President Axel van Trotsenburg.
According to the WB, Vietnam recorded an average annual growth of 5.7 percent in the past two decades, the second highest figure in the world.
In order to keep up with other economies, like the Republic of Korea or Taiwan ( China ), Vietnam would have to maintain an average annual growth rate of 9 percent over the next 20 years, the WB said.
The bank also warned that if economic growth stagnated at 5-6 percent, Vietnam could get stuck in the middle income trap. The challenge is to improve economic competitiveness and ensure rapid and sustainable growth, allowing citizens to enjoy the benefits of growth, it said.
Earlier this year, Deputy PM Dam, who is also the Chairman of the National Committee for Sustainable Development and Competitiveness Improvement, worked with the Ministry of Planning and Investment, the WB and international organisations to develop Resolution 19NQ-CP, which highlights the major factors influencing the country’s business environment, including taxes, access to power and trade.
The Vietnam 2030 report will review Vietnam ‘s development during 30 years of reform and present the opportunities and challenges of the future, sketching out development scenarios for the next period.
An interactive website will also be established for members of the public and academics to provide input and feedback.-VNA
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