PM urges MPI to turn Viet Nam into ’new tiger’ of Asia

Prime Minister Nguyen Xuan Phuc asked the Ministry of Planning and Investment to offer the Government solutions to boost economic development and turn Viet Nam into a “new tiger” of Asia. Phuc, speaking on Monday at the ministry’s conference to implement 2018 tasks, urged the ministry to closely watch socio-economic developments to raise measures to meet growth targets this year. Minister of Planning and Investment Nguyen Chi Dung said that the socio-economic development in 2017 would create the impetus for the country to enter a new period of growth, one more efficient, sustainable and inclusive. “The way towards innovation and development is still long, ahead with difficulties and challenges which require great effort to overcome,” Dung said. The ministry was striving to enhance public management and improve the investment climate to promote production and efficiently attract private and direct foreign investment resources, he added. In 2018, the ministry would focus on the compilation of laws to submit to the National Assembly, such as the Law on Special Administrative-Economic Units, the amended laws on public investment and enterprise as well as the law on investment under public-private partnership practice, Deputy Minister Nguyen Van Trung said. This year, the Vietnamese economy was expected to face a lot of difficulties from the uncertainty in the global economy, the return of protectionism, climate change, international integration and the fourth industrial revolution, Trung said. However, opportunities abound, given the Government’s efforts to promote innovation associated with the industry 4.0 and enhance productivity and national competitiveness,… [Read full story]

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