Professor Tran Van Tho suggests policy orientation for Vietnam's economic development until 2045

(DN)- On the afternoon of June 2, Professor Tran Van Tho, honorary professor of Waseda University (Tokyo, Japan) had a talk on "Policy orientation for Vietnam's economic development to 2045".

The event was organized by Eastern University of Technology (Thong Nhat district), with the participation of representatives from many universities, high schools, and economics students.

Professor Tran Van Tho gave a talk on Vietnam's economic development policy orientation to 2045 at Eastern University of Technology. Photo: Hai Yen

In his talk, Professor Tran Van Tho focused on presenting many issues: analyzing Vietnam's "middle income trap", analyzing the structure and current problems of Vietnam to suggest policies to increase productivity for high growth, and thinking from East Asian theory and practice about a high growth model for the next period.

Professor Tran Van Tho signed books for delegates attending the talk on Vietnam's economic development policy orientation to 2045. Photo: Hai Yen

According to Professor Tran Van Tho, to escape the middle-income trap and develop into a high-income advanced country, it is necessary to continuously increase productivity at a high rate. Meanwhile, there are two groups of problems that prevent Vietnam's productivity from increasing strongly.

The first group is related to industrialization. Vietnam is deeply integrated into global value chains but the quality of integration is low. The more Vietnam exports industrial goods, the more intermediate products it imports, resulting in a decreasing proportion of domestic value added.
Vietnam’s position in the global supply chain appears to be that of a processing and assembly workshop. Low industrialization and the processing and assembly nature are the causes of the low productivity of this region.

Students of Eastern University of Technology ask questions about private economy to Professor Tran Van Tho. Photo: Hai Yen

The second group of problems that cause low labor productivity is the weakness of the private economic sector. These enterprises have difficulty in borrowing investment capital and have to face many complicated administrative procedures. Most of them depend on their own capital or informal capital sources. Therefore, enterprises cannot grow.

From reality, Professor Tran Van Tho gives some policy suggestions to promote Vietnam's economy to achieve development goals by 2045.

On this occasion, Professor Tran Van Tho also introduced the newly published book “Memories to the Future - Reflections on Culture,Education and the Development Path of Vietnam”. The book is over 500 pages thick, consisting of relatively light articles, not going into depth about expertise and often connecting with history and culture to easily convey the necessary messages.

Hai Yen

Source: https://baodongnai.com.vn/xa-hoi/202506/giao-su-tran-van-tho-goi-y-dinh-huong-chinh-sach-phat-trien-kinh-te-viet-nam-den-nam-2045-e190874/