Redefining Vietnam's competitive advantages (20/12)
20/12/2012 - 10 Lượt xem
Addressing the conference, Deputy
Minister of Foreign Affairs Bui Thanh Son stressed after 25 years of
pursuing the renewal process, Vietnam has changed from an
underdeveloped to an average income country, recording remarkable
achievements in terms of socioeconomic development and international
integration. He also reaffirmed the urgent requirement to
improve national competitiveness in the current context of global
restructuring of financial and economic institutions, shifts of
production networks and enhancement of international economic
coordination.
According to Deputy
Minister of Industry and Trade Tran Tuan Anh, the key task for
Vietnam's economy was to adjust its economic model, with a strong focus
on enhancing labor capacity, which is currently lower than other
countries. As competition in the global market is becoming increasingly
fierce, the Vietnamese Government needs to focus on a larger
contribution from its key economic sectors, especially industry and
services.
Vietnam
continues to attract some of the highest levels of foreign investment
in the region and one of its competitive advantages is an abundant and
cheap workforce which is gradually improving in quality. Truong Gia
Binh, Chairman and General Director of FPT Joint Stock
Company also said this was why foreign investors such as Samsung had
chosen Vietnam to build its largest plant in the world.
Apart
from these advantages, Vu Thanh Tu Anh, a lecturer at the Fulbright
Economics Teaching Program said Vietnam should focus more on training
its human resources to further improve its competitive advantages. More
specifically, its education and training system needed to be improved
and gradually reach international quality by 2020 according to the
Government development plan.
Tran
Dinh Thien, Director of the Vietnam Institute of Economics said it was
absolutely right for Vietnam to pursue a market-oriented economy.
However, he said an economy needed to be based on high technology
foundations if it wanted to achieve a sustainable development.
In
addition, Nguyen Quang Vinh, General Secretary of Vietnam Business
Council said Vietnamese enterprises should map out ways with their own
advantages and invest more in high technology to participate more in
the global value chain. One of the orientations which applied by many
enterprises worldwide was to adopt green growth models to develop their
brands.
At
the conference, representatives from WEF also presented the "Global
risks 2013" report, which pointed out that the differences in incomes
and growing financial imbalances in the next 10 years, which were
suggested as being the two biggest risks that could totally change the
achievements of the globalization strategy and threaten global economic
growth. Other big risks include greenhouse gas emissions, online
hackers and a shortage of clean water. According to WEF, the conference
provided more ideas for the annual conference of the Forum to be held
from January 23-27, 2013 in Davos, Switzerland with the theme
"Resilient Dynamism"./.
Source: VEN.
Source: VEN.
