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Vietnam needs to rely more on productivity gains driven by innovation in order to boost its economy, according to a new joint study by the World Bank and Organization of Economic Co-operation and Development (OECD) released recently.

Vietnam’s economic growth is expected to improve from 5.4 percent in 2013 to 5.6 percent in 2014, says new World Bank economic update.

Photo credit:World Bank
Prime Minister Nguyen Tan Dung on April 12, 2012 signed Decision No. 432/QD-TTg on approving the Viet Nam Sustainable Development Strategy for the 2011-2020.

The Eleventh Congress of Vietnam Communist Party has reviewed the implementation of Socio-economic Development Strategy for the period of 2001-2010 proposed by the Ninth Party Congress and has made decision on the Strategy to continue promoting industrialization and modernization, developing fast and sustainably; upholding the whole population strength, building up our country to be an industrial one with socialist orientation.

The report by World Bank addresses issues such as the importance of a skilled workforce, behavioral and technical skills, implementing a holistic skills strategy for Vietnam through education and the importance of acquiring new skills in accordance with modern jobs.

PM Nguyen Tan Dung delivered the Report on socio-economic development in 2014 and major tasks for 2015 at the 8th working session of the 13th National Assembly on October 20. The following is the full translation of the report for reference.

 
OPINION
People visiting the “one-door” office at the Administration Center of Danang is receiving quick guidance. In the photo: The procedures at the Department of Planning - Investment Danang - Photo: PHAN THANH
How can rice farmers be less disadvantaged? This question still has no satisfactory answer – Photo: Tuoi Tre
 
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