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Prime Minister Pham Minh Chinh visits the Harvard Kennedy School in Cambridge, Massachusetts. (Photo: VNA)
Massachusetts (VNA) - Prime Minister Pham Minh Chinh
attended a policy dialogue on development
orientations of Vietnam in the 21st century with professors of the Harvard Kennedy
School in Cambridge, Massachusetts, on May 14 (US time) as part of his
working trip to the US.
Speaking at the dialogue, Vietnamese Minister of Planning and Investment Nguyen Chi Dung said in 2019, he led a delegation of researchers to the Harvard School to listen to experts’
opinions about the development strategy for the country. The delegation then
studied and presented information on sustainable development. Accordingly, in
order to achieve sustainable development, it is necessary to achieve sustainability not only in the economy but also in culture,
society and among human beings.
Vietnam defines the target of
placing the people as the subject with all policies revolving around the people
and benefiting the people, Dung said.
“Vietnam sees that rapid and
sustainable development must be based on new motivations. Apart from mechanisms
and infrastructure, it is necessary to supplement two new motivations in the
three breakthroughs that are science and technology and innovation, and
cultural value of Vietnamese people,” he said.
Professor David Dapice appreciated
that the participation in international trade agreements is a wonderful success
of Vietnam. Millions of agricultural workers have moved to work at factories.
However, as the majority of the production materials of Vietnam are imported, the country’s export products were affected by the outbreak of the
COVID-19 pandemic with borders closing or in case of trade tensions. Therefore,
the professor said Vietnam needs to develop domestic inputs and diversify
sources for export.
Professor Dapice evaluated that Vietnam’s trade surplus with the US could reach 100 billion USD this year. He said Vietnam needs to promote foreign
direct investment (FDI) attraction, trade exchanges with other countries and
education and training cooperation, in order to create competitive advantages
In addition, the economy’s opening
must be maintained, attracting more talents and creating favourable conditions
for investors, he said.
Many localities of Vietnam are in
remote areas without favourable infrastructure, making it hard for them to get
access to and attract FDI so the professor suggested the country test the
application of property tax, allowing localities to use property tax for
investment without the use of State budget.
Speaking at the discussion,
Governor of the State Bank of Vietnam Nguyen Thi Hong admitted that
international integration brings many opportunities for Vietnam but the country
also has to face many challenges. The bank must increase forecasts to put
forward synchronous policies in line with the reality, and resolutely not use
monetary policy to create competitive advantages in trade.
With that consistency, Vietnam has
recorded impressive results in curbing inflation alongside a relatively high
growth rate. The foreign exchange market is stabilised which is a bright spot
to help improve Vietnam’s credit rating.
Medical professor David Golan
spoke highly of Vietnam’s COVID-19 prevention and control measures. Since the
first days of the pandemic, Vietnam decided to apply social distancing, limit
travel and enhance the response of medical establishments. Doctors and nurses
are the most vulnerable so Vietnam focused on equipping and protecting them to
limit infections. The Ministry of Health mobilised final-year medical students to join the fight against
Harvard Medical School donated 700,000 USD to help
train 5,800 students who then were mobilised to pandemic-hit localities of Vietnam
to help strengthen their medical systems. He proposed Vietnam set up a
biomedical research centre to help transfer technology and build strategic
PM Pham Minh Chinh visits the Harvard Kennedy School. (Photo: VNA)
At the dialogue, PM Chinh answered questions of experts and students from the Harvard Kennedy School. He affirmed Vietnam’s
consistent policy of innovation which must be inherited, renewed and developed.
The Government leader stressed the
need to have an innovation ecosystem, initially having mechanisms, resources
and human resources in order to encourage everyone to join innovation. He also
said it is necessary to have international cooperation to create an innovation
Regarding the development of the
digital economy, PM Chinh said cyber security is
a global issue and Vietnam is boosting international cooperation and improving
its own capacity to deal with emerging issues. He stressed that international
experts could help to complete mechanisms and technology relating to cyber
security, particularly in human resources training.
At the event, a representative
from the Harvard Kennedy School announced that the school is cooperating with
Sovico Group to build and sponsor an initiative on Vietnam’s climate policy.
The project focuses on research and training to strengthen the recovery
capacity of cities in Vietnam in response to climate change and to develop
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