REVIEW
of
FINANCE -
Feb. 2018
11
apply and develop technology for duties with
large scale and effect...
Fifthly,
it is necessary to clearly define the
products of competitive advantages to make
policies. This selection should be subject to
conditions such as: (i) whether the existing national
resources meet the production of the product; (ii)
Whether institutional conditions are relevant, if
not, what needed to be resolved; (iii) Identify the
position of Vietnam’s products in the international
market, the leading position or position of the
followers; (iv) In order to produce such products,
the State will need to implement appropriate
tectonic policies.
Sixthly,
to promulgate and implement
economic growth and social equality policies.
Human and social capitals also need to be
developed for the benefit of long-term economic
growth, it is essential to determine if growth is
sustainable when both human and social capitals
are developed equally.
References:
1. The Government (2017), Report on the implementation of the socio-
economic development plan for 2017; The socio-economic development
plan of 2018, presented by the Prime Minister at the 4th Plenum of the XIV
National Assembly;
2. TheGovernment(2016),ExecutiveSummaryoftheEconomicRestructuring
Plan 2016-2020;
3. The Government (2016), Resolution of the Government’s regular meeting
in April 2016;
4. Dinh Tuan Minh and Pham The Anh (2016), from the Managing State to
the Tectonic State, Tri Thuc Publishing House, Hanoi.
as considering harmony in allocating resources
for implementing industrial goals.
Secondly,
to implement a comprehensive
human resource development strategy. The
training programs need to be synchronized
from the targets to the contents of the training
program, methodology and evaluating approach
to the training results in order to meet the
labor demand of the market. Improve the
level of training and the continuance between
different levels of training in accordance with
international standards. At the same time, there
should be incentives for training activities at
enterprises, encouraging the participation of
social organizations, enterprises and professional
associations in the training and use of human
resource to promote effectiveness.
Thirdly,
it is necessary to maintain a
stable macroeconomic environment. A stable
macroeconomic environment makes the major
balances maintained for a long time. The major
balances are kept steady to perform the tectonic
role in promoting economic growth in medium-
and long-term.
Fourthly,
to build mechanisms and policies
on cooperation between three units: (i) Scientific
and technology research and development
organizations; (ii) production and business units;
and (iii) the training unit aims to enhance the link
between researchandapplication. Inaddition, there
are supportive policies to encourage technology
companies to apply research results in the country;
To select and support the deployment of research,
TABLE 2: INSTITUTIONAL PERFORMANCE OF VIETNAM AND OTHER REGIONAL COUNTRIES
RANKS OF INTERNATIONAL ORGANIZATIONS
Ranking of international
organizations
Total
Philippines Indonesia Vietnam Thailand Malaysia Singapore
Global Competitiveness
(GCI 2016 - 2017)
138
57
41
60
34
25
2
Doing Business (DB 2017)
190
99
91
82
46
23
2
Innovation and
Creativity (GCI 2017)
127
73
87
47
51
37
7
Corruption (2015)
168
95
88
112
76
54
8
Logistic performance (LPI 2016)
160
71
63
64
45
32
5
Economic freedom (2017)
180
58
84
147
55
27
2
Electronic government (2016)
193
71
116
89
77
60
4
Property right (IPRI 2016)
128
63
67
85
65
26
6
Source: Summarized from international ranking organizations
