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Reality visits WTO pledges (11/08)
06/08/2010 - 177 Lượt xem
With World Trade Organization (WTO) accession looming at the year end, Vietnam must begin enforcing the commitments it made in negotiations, according to Martin Rama, chief economist of the World Bank.
Speaking at the International Conference on Public Economic Theory held last week in Hanoi, Rama said: “There is still a legal gap between the release of laws and their implementation.”
He said that some laws, such as the Investment Law, have been enacted but have no guiding decree for implementation. In preparation for integration into the WTO, Vietnam has essentially rewritten its entire legal framework for commercial activities and associated judicial procedures.
Steve Parker, project director of the USAID funded Star Vietnam Project, said: “Almost every law affecting the rules of the game are now in place.”
“However, the next major challenge is implementation - getting the laws to work effectively on the ground, in practice,” he said.
“There remain three major challenges to full implementation of the US-Vietnam bilateral trade agreement and WTO, namely major institutional reforms such as reorganising the courts, the central bank and a new administrative procedure law, major improvements in social and physical infrastructure, especially education and training, and adjustment programs for vulnerable sectors,” he said.
He said that such improvements would help the winners win more and the losers lose less.
Professor Robert J. Aumann, who won the economic Nobel Prize in 2005, said Vietnam’s high literacy rate is a big advantage for Vietnam’s integration into the WTO.
However, he said, the main problem for the government lay with general education from schools, universities, research and science institutes to enterprises about the important role of integration and ways of upgrading themselves to suit WTO requirements.
Pham Chi Lan, a renowned economist, said that both government agencies and enterprises must quickly improve their awareness of WTO integration, which will put rising pressure on their shoulders.
The research committee indicated that there are around 200,000 enterprises nationwide, 95 per cent of which are newly-founded and lack expertise.
“Vietnam is moving but its major competitors are moving faster,” Lan said, adding that the country needs to lower input costs and move to a higher stage of investment driven and innovation driven economy.
Parker said: “WTO accession will have less direct positive impact on Vietnamese exporters, but will increase competition in domestic sectors more strongly than the BTA.
“Unlike the BTA, not everyone will be a winner. Some in Vietnam will lose, requiring research and adjustment programmes to mitigate those losses,” he said.
Source: Vietnam Investment Review
Speaking at the International Conference on Public Economic Theory held last week in Hanoi, Rama said: “There is still a legal gap between the release of laws and their implementation.”
He said that some laws, such as the Investment Law, have been enacted but have no guiding decree for implementation. In preparation for integration into the WTO, Vietnam has essentially rewritten its entire legal framework for commercial activities and associated judicial procedures.
Steve Parker, project director of the USAID funded Star Vietnam Project, said: “Almost every law affecting the rules of the game are now in place.”
“However, the next major challenge is implementation - getting the laws to work effectively on the ground, in practice,” he said.
“There remain three major challenges to full implementation of the US-Vietnam bilateral trade agreement and WTO, namely major institutional reforms such as reorganising the courts, the central bank and a new administrative procedure law, major improvements in social and physical infrastructure, especially education and training, and adjustment programs for vulnerable sectors,” he said.
He said that such improvements would help the winners win more and the losers lose less.
Professor Robert J. Aumann, who won the economic Nobel Prize in 2005, said Vietnam’s high literacy rate is a big advantage for Vietnam’s integration into the WTO.
However, he said, the main problem for the government lay with general education from schools, universities, research and science institutes to enterprises about the important role of integration and ways of upgrading themselves to suit WTO requirements.
Pham Chi Lan, a renowned economist, said that both government agencies and enterprises must quickly improve their awareness of WTO integration, which will put rising pressure on their shoulders.
The research committee indicated that there are around 200,000 enterprises nationwide, 95 per cent of which are newly-founded and lack expertise.
“Vietnam is moving but its major competitors are moving faster,” Lan said, adding that the country needs to lower input costs and move to a higher stage of investment driven and innovation driven economy.
Parker said: “WTO accession will have less direct positive impact on Vietnamese exporters, but will increase competition in domestic sectors more strongly than the BTA.
“Unlike the BTA, not everyone will be a winner. Some in Vietnam will lose, requiring research and adjustment programmes to mitigate those losses,” he said.
Source: Vietnam Investment Review
