Int’l experts share institutional reform experience
(VOV) - International experts shared experience with Vietnamese partners in institutional reform at an international conference in Hanoi on June 29.
The conference themed institutional reform for transformation, inclusion and sustainability was held by United Nations University WIDER (UNU-WIDER) and the Central Institute for Economic Management (CIEM).
Economic experts focused their discussion on institutional reform and three major global challenges of today's society- structural transformation, inclusion and sustainability.
Participants agreed that Vietnam has made great efforts in institutional reform, recording significant achievements in growth and poverty reduction. Promoting these achievements, the country is examining how best to deal with challenges arising from institutional reform and the policy making process, including the equitisation of State-owned enterprises (SOEs).
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According to the Ministry of Finance’s report, 85% of equitized enterprises have gained profits resulting in higher contributions to the State budget.
CIEM Director Nguyen Dinh Cung said institutional reform, particularly SoE equitisation still faces challenges and difficulties as a large number of SOEs retain a monopolistic role in the market in key fields like electricity and petroleum.
Through the conference, UNU-WIDER experts want to give a clear explanation for development challenges related to transformation, inclusion and sustainability in developing countries.