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Vietnam Economic Forum 2019 underway in Hanoi

Released at: 11:22, 17/01/2019

Vietnam Economic Forum 2019 underway in Hanoi

Photo from laodong.vn

2019 Forum being held on January 16 and 17.

by Nghi Do

The Vietnam Economic Forum (VEF) 2019 is discussing two topics on January 17 in Hanoi: “Actively responding to climate change - Strengthening energy security to ensure sustainable development”, and “The direction of the digital economy’s development in the context of Industry 4.0: Opportunities and challenges for Vietnam”.

In the afternoon, a plenary session and a high-level Policy Dialogue will be held on the issue of “Vietnam’s economy in 2018 and prospects for 2019: Strengthening the foundation for rapid and sustainable growth”.

VEF 2019 officially began on January 16 with the opening of an international seminar entitled “Infrastructure Development, Financing and Governance in Asia”. Prime Minister Nguyen Xuan Phuc and Head of the Party Central Committee’s Economic Commission Nguyen Van Binh were both in attendance.

The 3rd VEF is being organized by the Party Central Committee’s Economic Commission in coordination with the IMF in Hanoi on January 16 and 17, attended by 2,000 delegates.

Vietnam’s socioeconomic development strategy for the 2011-2020 period has determined the construction of a synchronous infrastructure system, with a number of modern projects, focusing on the transportation system and large urban infrastructure, as one of among Vietnam’s strategic breakthroughs, Deputy Minister of Planning and Investment Vu Dai Thang said at the opening seminar on January 16.

The conference gathered experienced experts from relevant foreign management agencies and international organizations, who shared international practices, standards, and lessons in infrastructure development and reform, especially in governance and capital mobilization.

It also offered a good opportunity for domestic experts to assess the status and trends of infrastructure development and to access innovative management and infrastructure development in accordance with international practices, in order to improve the efficiency of governance, investment, and infrastructure development to meet development needs.

In order to achieve the goals of synchronous infrastructure development in the future, including major transportation projects such as the North - South Expressway, Long Thanh International Airport, and the North-South high-speed railway, it is important to complete electricity construction and large urban infrastructure, while proposing comprehensive solutions, including proposals on mechanisms and policies for the management and mobilization of investment capital.

Deputy Minister Thang said that international financial institutions, organizations, and research institutes, as well as international consultants and experts, are continuing to support the government in research and evaluation, in addition to the completion of legal regulations on public investment and the PPP investment form.

This valuable support has contributed to improving the mechanism for governance and the efficiency of public investment, especially research and innovation on renewed capital mobilization for infrastructure with recommendations on risk allocation for stakeholders. In addition, the discussion outcomes of international experts will be valuable lessons for Vietnam in the process of investing in infrastructure development in the future, he added.

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