Australia supports Vietnam for sustainable economic development

Wednesday, 28/06/2017 10:20
(CPV) - The Australian-Government funded Vietnam Economic Forum (VEF) 2017 was opened by Prime Minister Nguyen Xuan Phuc on June 27th.

Photo: Lam Hien
With the theme “Unleashing the potential for sustainable economic development”, the VEF explored the country’s most pressing issues, identified the constraints on economic activities and looked for solutions and policy options to tackle those issues.

“Australia and many other countries have faced similar reform challenges in the past and we are committed to supporting Vietnam in facing its own challenges. I’m here today to say that Vietnam is not in this alone,” said Australian Ambassador to Vietnam, Mr Craig Chittick, one of the Forum’s co-chairs.

Australia not only funded the conference but also offered business expertise from the Australian Chamber of Commerce in Vietnam, as well as insights into high-tech agriculture from Australia’s peak science and research body, the Commonwealth Scientific and Industrial Research Organisation (CSIRO).

Organised by the Vietnam Central Economic Commission with the support from the Australian Government, through the Restructuring for a more Competitive Vietnam project (RCV), the first session in the day-long conference reviewed the macroeconomic situation of the country in 2017. The following two sessions focused on more specific topics through dialogues on “High-tech agricultural development in Vietnam” and “Strategy to develop the pharmaceutical industry, with vision to 2035”, which were chaired by the Minister of Agriculture and Rural Development and the Minister of Health, respectively.

The Australian Government through the Australian Embassy in Hanoi will continue to work with the Party Central Committee Commission for Economic and other key stakeholders to support the nation to address its economic challenges, so that Vietnam can achieve its development goals./.

ATP

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