Economists evaluate policies
Foreign and Vietnamese economists presented their studies on the country’s social and economic policies at the two-day fourth Vietnam Economist Annual Meeting (VEAM) that ended yesterday.
Prof Dr Nguyen Thi Canh of the University of Economics and Law analysed the factors affecting economic growth in the last 20 years.
Economic growth following reform and global integration had reduced poverty and increased living standards in Vietnam.
The quantitative model of total factor productivity and other econometric models (the statistical relationship between various economic factors) showed that the country’s economic growth was determined by capital and exports.
But there were major challenges in improving the investment environment, including the slow restructuring of State-owned enterprises, leading to reduced faith among investors.
Tortuous tax policies, lack of investment-friendly land policies, and tardy administrative reforms also limited investment, and the government had to give priority to overcoming these challenges.
Delegates tabled 43 other studies including those on energy consumption and economic development, the effect of growth on companies’ survival in Vietnam, privatisation and corporate performance in transitional economies, and the impact of exchange rate fluctuations on trade balance.
Assoc Prof Dr Nguyen Van Luan, rector of the University of Economics and Law, said VEAM had helped researchers and academics across the country and world network with each other.
Research projects and economic cooperation had been set up thanks to the network, he added.
Dr Nguyen Duc Nghia, deputy director of the Vietnam National University-HCM City, said VEAM also enabled delegates to compare notes and recommend economic policies.
The meeting, held by the University of Economics and Law in cooperation with Foreign Trade University, the French National Centre for Scientific Research, and the Development and Policy Research Centre, attracted economists and researchers from various countries.
Vietnam News
Tags: Vietnam economic, Vietnam economic growth, Vietnam economy, Vietnam economy 2011