RoK shares development knowledge with Vietnam

(VOV) - The Republic of Korea’s Knowledge Sharing Program (KSP) has proved successful, helping facilitate Vietnam’s socio-economic development.

Deputy Minister of Planning and Investment Dang Huy Dong made the remark at a March 6 seminar in Hanoi to evaluate the KSP’s final report for Vietnam.

He noted the KSP, part of Vietnam-RoK cooperation framework, will contribute to strengthening management and law-making capacity for Vietnamese officials through consultations and policy recommendation implementation.

RoK Ambassador Jun Dae Joo agreed the program has put forward recommendations to Vietnamese managers and lawmakers in order to set socio-economic development orientations.

It targets four main areas: national energy security policies – Korean experience and policy implication for Vietnam, joining the global supply chain – Korea experience and lessons for Vietnam, a social housing development plan in Vietnam, and support for Environment Protection Law drafting.

Bui Tat Thang, Director of the Development Strategy Institute, said the KSP has made a useful contribution to socio-economic development planning for the 2011-2020 period in Vietnam.

The program in the future will be focused on upgrading industry to boost growth potential, drawing up a high qualified human resource development strategy for the public sector, managing economic groups, and building an early warning system for the financial market.

The Korean Ministry of Strategy and Finance began the KSP in developing countries in 2004, aiming to share its development experience and help promote socio-economic development. In addition, the program supports these countries in raising international competitiveness and finalising institutions.

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