The event, themed “Vietnam Economy in 2012, Prospect for 2013: Innovating Decentralisation in Institutional Reform” was held by the National Assembly’s Economic Committee, the Vietnam Academy of Social Sciences, the Vietnam Chamber of Commerce and Industry and the United Nations Development Programme in Vietnam.

It focused on highlighting Vietnam’s economic difficulties in 2012, together with prospects in 2013, and discussing the decentralisation innovation in institutional reform.

At the event, the participants said that Vietnam’s economy has faced more difficulties in 2012 than in 2011, with lower GDP growth and market trust along side huge inventory.

Economic experts suggested that tough measures should be taken to better Vietnam’s economic situation in the remaining months of this year.