New York American professors believe that Vietnam needs to train high-quality human resources, attract foreign investment in priority areas, and aim for a leading position in the supply chain.
On the evening of September 21 (Hanoi time), Prime Minister Pham Minh Chinh held a discussion with professors, economic experts, and leading researchers from three universities: Harvard, Columbia, and Yale with the topic: "Promoting sustainable growth and development in a volatile global economic environment".
Recalling President Joe Biden's state visit to Vietnam on September 10-11, the head of government said it was a historic milestone, elevating the Vietnam-US relationship to a comprehensive strategic partnership. In particular, economic, trade and investment cooperation is the foundation, focus and driving force; science and technology cooperation and innovation are breakthroughs.
Vietnam highly appreciates and values the US's affirmation of "respecting Vietnam's political regime, independence, sovereignty and territorial integrity; supporting a strong, independent, self-reliant and prosperous Vietnam". Therefore, the Prime Minister hopes to receive advice from experts on solutions to promote sustainable growth and development.
Professor David Dapice, Chief Economist, Vietnam Program, Harvard Kennedy School. Photo: Nhat Bac
Professor David Dapice, Chief Economist, Vietnam Program, Harvard Kennedy School, assessed that Vietnam's economy is very open, so in the coming time, it will continue to be strongly affected by the difficulties of the world economy. Vietnam must try harder to be self-reliant when the economy has many bright spots but also many difficulties.
To improve the efficiency of the economy and move up the supply chain and production chain, Professor Shang Jin-Wei of Columbia University said that Vietnam needs to continue to focus on training high-quality human resources with good skills. Along with that, institutions need to be improved; investment in high-tech sectors should be encouraged; energy supply should be ensured; export products should be diversified; and social security nets should be strengthened.
Vietnamese-American billionaire Chinh Chu assessed that Vietnam's economy has a bright future with a favorable position. He said that this is the time for Vietnam to accelerate its development process, strengthen cooperation with the US in high-value industries such as technology and semiconductors; attract foreign investment in priority areas, aiming for a leading position in the supply chain. "Vietnam should establish investment funds similar to Singapore's Temasek model," the expert suggested.
According to Professor Nguyen Thi Lien Hang, Columbia University, Vietnam has the opportunity to become a strong country at the regional and global levels. To do so, it is necessary to train high-quality human resources by innovating curriculum and teaching methods.
"I want more and more Vietnamese students to study at Columbia University. Because this university's cooperation program with Vietnam is one of the best programs I know," she said.
The Prime Minister thanked the opinions of professors, economic experts and researchers at the seminar. Photo: Nhat Bac
The Head of Government highly appreciated the experts' suggestions on the order of priority in Vietnam's policies such as emerging industries, digital transformation, green growth, circular economy, sharing economy; focusing on infrastructure development. This is a suitable step given that Vietnam is a developing country, an economy in transition and in line with the trend of the times, the trend of supply chain shift.
The Prime Minister agreed that the human factor is decisive. Therefore, the Government will focus on training to improve the quality of human resources with training methods and content appropriate to the situation, meeting the development requirements of each industry and priority field in each period.
He also agreed that Vietnam needs solutions to organize production, participate in the supply chain, meet conditions and make the most of its advantages, especially the potential and advantages of human resources. That is a young, hard-working, inquisitive, open-minded, listening population with great potential in the fields of mathematics and information technology. "Vietnam will not be separated from the world trend to combine national strength and the strength of the times, internal and external strength," he emphasized.
The Prime Minister shared that Vietnam identifies internal resources as fundamental, strategic, long-term, and decisive, including people, nature, and cultural and historical traditions; external resources are important and breakthrough, including financial resources, technology, management, and human resource training.
The Government leader assigned agencies to research, filter, and absorb the exchanged opinions to advise the Government and the Prime Minister in directing and operating in various fields. He hopes that in the coming time, there will be opportunities to continue in-depth exchanges with experts on each content in policy dialogues and thematic research to continue to practically and effectively serve the development process of Vietnam.
The Prime Minister hopes to continue receiving support and cooperation from Harvard University, Columbia University and other US educational institutions, especially in the fields of education, training and policy advice. This is a very important content of the Comprehensive Strategic Partnership for Peace, Cooperation and Sustainable Development between Vietnam and the US.
More than a year ago, in Boston, Prime Minister Pham Minh Chinh and Harvard professors and economists also discussed the topic of building an independent and self-reliant Vietnamese economy associated with proactive, active international integration that is deep, substantial, and effective.
Prime Minister Pham Minh Chinh is on a working trip to the US from September 17-23, passing through three cities: San Francisco, Washington, and New York to attend meetings at the United Nations General Assembly, combined with bilateral activities.
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