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Vietnam Government Convenes with Businesses to Address Bottlenecks and Unlock Growth
The Vietnamese government held a conference with the business community to address bottlenecks and unlock resources for growth. Key discussions focused on removing institutional barriers, implementing strategic technologies, and promoting green growth, signaling the government's proactive approach to economic challenges.
On July 18, at the Government Office, Prime Minister Le Minh Hung presided over a regular meeting between the Government and the business community. Themed "Removing Bottlenecks - Unlocking Resources - Promoting Growth," the conference was attended by Deputy Prime Ministers and leaders of central ministries and agencies. Removing bottlenecks and bringing strategic technologies into practice [Video] Removing institutional bottlenecks to unlock growth momentum Removing bottlenecks, leveraging resources, and better serving the people Promoting micro-reforms to create momentum for double-digit growth targets Finding solutions to promote green growth Important drivers for promoting growth The meeting aimed to identify various "bottlenecks" hindering Vietnam's economic growth and to leverage domestic resources by resolving these issues, thereby fostering sustainable economic development. Emphasis was placed on removing institutional barriers and integrating strategic technologies into practical economic activities, which is crucial for Vietnam to maintain and enhance its competitiveness in the global economy. Discussions also covered the promotion of "micro-reforms" to create new drivers for economic growth and measures to advance "green growth" aimed at reducing environmental impact. These initiatives are considered vital steps towards achieving Vietnam's long-term development goals, particularly double-digit growth. Under its one-party system, Vietnam has pursued a socialist-oriented market economy, achieving remarkable economic growth in recent years. However, alongside this growth, challenges such as underdeveloped infrastructure, complex administrative procedures, and environmental issues arising from rapid economic expansion have emerged. This conference signifies the government's commitment to prioritizing dialogue with businesses and seeking effective solutions to these challenges. Strengthening the domestic economy and diversifying its economic base holds significant importance for Vietnam, especially given its strong economic ties with China, in managing geopolitical risks.
Original source
Nhan Dan