Prime Minister Nguyen Xuan Phuc addresses the Vietnam Economic Forum 2019’s plenary and high-level policy dialogue in Hanoi on January 17 (Photo: VNA)Hanoi (VNA) – Vietnam can achieve fast and sustainable economic growth withouthaving to choose between growth quality and speed, stated Prime Minister NguyenXuan Phuc at the Vietnam Economic Forum (VEF) 2019’s plenary and high-levelpolicy dialogue in Hanoi on January 17.
Hesaid that “fast and sustainable” are the key words and the motto for the strategyand action of the Government through the years.
Vietnamhas defined economy, society and environment as three key pillars in its developmentpolicy and models, said the PM, stressing that sustainable growth is notcontrary to fast growth, instead they are the necessary and sufficientconditions for high growth over the long term, especially in the context of thefourth Industrial Revolution.
TheGovernment leader said that Vietnam is experiencing a transformation in growthmodel to a higher ladder in the value chain, with improved living conditions oflocals and strong expansion of the private sector.
Citingstatistics that showed more than 130,000 new firms were established and 34,000enterprises resumed operation last year, he said that was a good signal.
Regardingmissions and targets for 2019, the PM said that the Government will re-evaluateall aspects of its socio-economic governance from the central to local level,with focus on the mindset, the socio-economic planning process in the recent 10years, and governance principles and model.
Accordingto the government leader, principles and governance models that are no longersuitable will be adjusted to complete targets in digital government, growthfacilitation and government’s integrity.
PMPhuc stressed that the Government will also re-assess the real situation andpotential of key economic sectors with a view to creating new driving forces fordevelopment. The Government sees the digital economy as a driver and the locomotivefor fast and sustainable growth of Vietnam, he underscored.
TheVietnam Economic Forum 2019 was jointly organized by the Government and theParty Central Committee’s Economic Commission on January 16 and 17 in Hanoi.
The event aimed toreview the Vietnamese economy’s development in 2018 and discuss its prospects in2019, as well as analyse opportunities along with difficulties and challengesfacing the Vietnamese economy, in order to propose measures to promoteinnovation and bolster socio-economic growth.-VNA
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