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Vietnam Economic Forum to take place in HCMC this weekend

The Saigon Times

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HCMC – The fourth Vietnam Economic Forum, themed “Developing a self-reliant and independent economy associated with extensive economic integration in the new normal”, will be held in HCMC on June 5.

Speaking at a press briefing yesterday, May 31, to announce the event, Nguyen Thanh Phong, deputy head of the Central Economic Commission, said that the Covid pandemic raging with increasingly complicated and unpredictable developments worldwide had exposed many problems for the economy. It also opened up many new avenues linked to effectively coping with the pandemic, stabilizing the macroeconomy, fostering growth, and ensuring a better life for people.

In the wake of the public health crisis, it is necessary to adopt measures to restructure the economy and renew economic growth models to pave the way for the national economy to achieve sustainable development in the medium and long term.

Therefore, in coordination with the Government, the Central Economic Commission will organize the Vietnam Economic Forum’s fourth edition to work out more major solutions and policies on socioeconomic development in the new normal and suggest them to the Politburo and the Secretariat.

The forum will feature three symposia focusing on developing a stable workforce post-pandemic, developing capital and real estate markets, technology innovation, digital transformation, and supply chain diversification.

Addressing the press briefing, Tran Quoc Phuong, Deputy Minister of Planning and Investment, said it is essential to build a self-reliant and independent economy associated with international integration and cooperation. The national economy’s existing capacity should be enhanced to withstand external shocks.

The deputy minister stressed that obtaining independence and self-reliance in technology and digital transformation is one of the first things to build a self-reliant and independent economy.

Besides, supply chain diversification needs to be tabled at the forum. Since the global economy faced supply chain disruptions induced by the pandemic, he added that most countries and major corporations are adopting measures to diversify their supply chains.

Aside from the symposia, the forum will include a plenary session and a high-level policy dialogue featuring the global economy and major trends in international economic cooperation; opportunities and challenges for Vietnam in the global economy.

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