return icon Vietnamnet.vn

Economist suggests solution for Vietnam to become powerful after pandemic

Dr Vu Minh Khuong from Lee Kuan Yew School of Public Policy in Singapore thinks that large economic groups such as Vingroup should develop industrial zones (IZs), not only for Vietnam, but also for Southeast Asia.

Talking about the government’s actions to deal with the Covid-19 pandemic, Khuong told Tri Thuc Tre. "Vietnam has never before, since the day it began carrying out reform, caught special attention with such a respectful attitude. Therefore, each subsequent reform, if carefully designed, will have a great effect."

 

 

{keywords}

 

Dr Vu Minh Khuong



Khuong has made suggestions he believes will help Vietnam become more powerful after the epidemic.

He believes that some large groups, such as Vingroup, should expand their business to develop IZs, not only for Vietnam, but for Southeast Asia as well.

“Building an effective development platform is much more effective than making single products such as a car or a ventilator,” he explained.

Khuong also suggested that Vietnam set up a council on initiatives on reforming and building Vietnam by 2045. The council will be in charge of receiving opinions from people, businesses and localities.

Khuong also suggested that Vietnam set up a council on initiatives on reforming and building Vietnam by 2045. The council will be in charge of receiving opinions from people, businesses and localities.


The members of the council do not need to hold positions in the political system. They just need to have high prestige and qualifications.

The council will evaluate initiatives to be submitted, analyze and discuss with the Central Party, National Assembly and Government about the most feasible initiatives. It will release reports every six months or every year.

“If we succeed with this model, the history will record the effort as another ‘Hoi Nghi Dien Hong’ (Dien Hong Conference),” he said

The Dien Hong Conference was in 1284 in the imperial city of Thang Long. Emperor Tran Thanh Tong convened the elders throughout the country to Dien Hong royal court room to ask people's opinion on whether to propose a cease-fire or to fight against the invaders. And the elderly vowed to fight against the invaders.

What does Vietnam’s industrial real estate need?

In 2018, Savills, a real estate consultancy firm, for the first time introduced the industrial real estate market segment.

In late 2019, the firm pointed out a weak point of the market – the lack of connection in clusters.

Troy Griffiths of Savills Vietnam said tenants are scattered across the country, with some exceptions in Hai Phong City.

In highly industrialized countries, the centralized development by specific industries is important because it helps optimize operational efficiency. The concentration of automated industrial clusters in an area will bring higher efficiency, because the steps of the production process will be near each other and can be synchronized.

Thanh Mai 

 

Is an interest-rate cut enough to recover VN economy?

Is an interest-rate cut enough to recover VN economy?

Within two months, the State Bank of Vietnam (SBV) slashed interest rates twice to support the economy.

Vietnam ready for swift actions to boost economy

Vietnam ready for swift actions to boost economy

The ongoing health crisis has been taking a heavy toll on the Vietnamese economy.

MORE NEWS

VIETNAM NEWS HEADLINES SEPTEMBER 25

Central localities likely to be hit by typhoon Noru

AI integration the inevitable path ahead

Big Data and AI will be the optimal tools to run factories in the future and digital transition will help firms optimise costs and cut emissions.

Ministry to scrutinise VietGap certifications after fake labels found on vegetables

The Ministry of Agriculture and Rural Development is investigating reports of vegetables sold in supermarkets being marked with fake Vietnamese Good Agricultural Practices (VietGap) labels.

E-commerce sector in dire need of qualified candidates

The tight supply of qualified candidates in the labour market is a glaring issue facing e-commerce firms, according to insiders.

Unique green moss-covered homes of the Tay Con Linh mountain range

It is an ideal environment for plants to flourish and thrive, including thick green moss, which ethnic people use to cover the palm-leaf roofs of their homes.

Farmers save wild birds and the environment

Farmers in different provinces throughout Việt Nam have for years spent time and effort to save wild birds, giving them a home to nest and lay eggs.

Deputy PM highlights significance of int'l solidarity, cooperation at UN session

The strengthening of international solidarity and cooperation is key to addressing interlocking global challenges, affirmed Permanent Deputy PM Pham Binh Minh while addressing the general debate of the 77th Session of the UN General Assembly.

Huge potential for luxury real estate in Vietnam

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.

VIETNAM BUSINESS NEWS SEPTEMBER 25

Action plan to promote green growth in agriculture

Vietnam’s economic growth counts on high-tech FDI

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

The “seven-star” islands in Quang Ninh

Along with crystal blue sea and beaches, the 7 Sao (seven star) islands also have caves and primeval forests.

Customs you only see in Vietnam

The travel site Culture Trip has listed a number of Vietnamese customs that often surprise foreign tourists:

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.

Woodwork exports to EU, US drop as consumers cut spending

Many woodwork manufacturers complain that exports have been sliding as people in target markets have been tightening their purse strings.

Vietnam: new destination for multinationals to set up R&D centers

Vietnam wants to upgrade foreign direct investment (FDI) quality by manufacturing products with higher hi-tech and added value, and multinationals are also striving to do this after many years in Vietnam.
back_to_top