New York (VNA) – Politburo member and head of the Party Central Committee’s
Economic Commission Nguyen Van Binh on December 9 had a working session with
the Permanent Mission of Vietnam to the United Nations (UN) and
representative agencies after attending the Vietnam Executive Leadership
Programme (VELP 2019) at Harvard University in Boston.
Binh, who is also Secretary of the Party Central
Committee, highlighted several important issues that were discussed with US
professors at the VELP 2019 from December 2-6, including the need to develop
a digital economy as well as investment in technology and high-quality human
Vietnam is working towards the goal of 1 million
businesses by 2020, and the target is feasible as the country already has
around 734,000 firms, he said, adding it is crucial to ensure the quality
and scale of enterprises.
He also stressed that scientific and technological
capacity of Vietnamese companies still lags behind the requirements needed
to join the global value chain even though the country is integrating deeply
into the global economy.
Regarding the adjustment to GDP
calculation, Binh said the current calculation method is not a suitable
measure of economic growth as it does not reflect value of the underground
Only when the GDP is properly calculated will the
Government be able to understand the true economic scale to outline economic
development roadmaps for five years and ten years as well as adopt suitable
macro-economic management policies, he said.
The Party official described macro-economic
stability as Vietnam’s largest achievement in 2019. However, he said more
efforts should be made to ensure the domestic economy remains resilient to
Besides, the Government should renew management for
the market economy and create favourable conditions for the private sector
to become a driver for the local economy, he said.
Meanwhile, Ambassador Dang Dinh Quy, Head of the
Vietnamese Permanent Mission to the UN, said that meticulous preparations
are underway as Vietnam will assume the role of the UN Security Council (UNSC)
Chair in January 2020.
Quy said that differences among the five UNSC
permanent members, including the US, the UK, France, Russia and China, pose
great challenges for Vietnam in its new position at the world’s largest
He explained that the divide between the permanent
members has meant the UNSC’s legally-binding resolutions have not been
carried out for years, placing a great burden on Vietnam to handle
sophisticated missions which have surged 175 percent compared to the
workload a decade ago./.