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A draft report on the Vietnamese economy was discussed on September 5 at a meeting held at the headquarters of the Organisation for Economic Co-operation and Development (OECD) in Paris.

At the meeting (Photo:VNA)

The event was held within the framework of a memorandum of understanding signed in November, 2021, by the Vietnamese Government and the OECD for the 2022 to 2026 period.

Deputy Prime Minister Pham Binh Minh assigned the Ministry of Planning and Investment, the Ministry of Foreign Affairs and relevant agencies in May to co-ordinate with the OECD and the Asian Development Bank (ADB) to develop the report.

Deputy Minister of Planning and Investment Tran Quoc Phuong stressed that the Vietnamese Government was highly appreciative of the document, the second of its kind to be jointly developed by the ADB and the OECD.

The report features a message of maintaining macro-economic and social stability in tandem with economic recovery. It also sets out the requirements of improving the business environment and reforming the state business administration, the reform of regulations on promoting digital transformation and green growth, as well as OECD member economies’ experience in terms of policy making.

This represents the first time that the OECD has conducted such a report and survey on Vietnam, Phuong stressed, noting that the report will offer positive, independent views and recommendations specifically for Vietnamese policy makers.

Representatives from 20 OECD member countries outlined the terms of the draft report, with the majority of them sharing the view that it has provided a useful insight into the Vietnamese economy.

Leaders from the Ministry of Planning and Investment and other Vietnamese agencies fielded the participants’ questions relating to the local economy, including stating the country’s fiscal and monetary policies for both short and long terms, administrative procedures, digital transformation strategy, and achieving the target of net zero emissions by 2050.

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