This is the topic that has been discussed by policy makers, scientists, international organizations, businesses, and press agencies at the 2022 Vietnam Economic Annual Report Announcement Workshop (Autonomous Economic Report 2022) organized by the Vietnam Institute for Economic and Policy Research (VEPR), the VNU University of Economics and Business (VNU-UEB) and the Friedrich Naumann Foundation Institute (FNF) Vietnam on May 20, 2022.
The seminar had the
presence of Prof. Dr. Le Quan - President and leaders of functional departments
of the Vietnam National University, Hanoi (VNU).
On the side of the VNU-UEB,
there were Assoc. Prof. Dr. Nguyen Truc Le - Rector, Assoc.Prof.Dr. Nguyen
Anh Thu - Vice Rector; Dr. Nguyen Quoc Viet, Deputy Director of the VEPR,
VNU-UEB’s faculty and staffs.
On the side of the
FNF Vietnam, there was the attendance of Prof. Dr. Andreas Stoffers, Country Director.
The conference was also
honored to welcome many experts and scientists from policy-making agencies,
research institutes, domestic and foreign universities, the ambassadors Poland,
Germany, and a number of international organizations in Vietnam.
Current issues in
digital transformation were presented by the following speakers: Dr. Nguyen
Quoc Viet - VEPR; Dr. Tran Toan Thang, Head of Industry and
Enterprise Economic Forecasting Department, National Center for Socio-Economic
Information and Forecast; MSc. Pham The Thanh, Faculty of Banking and
Finance, VNU-UEB; Dr. Nguyen Thi Van Ha, Faculty of Economic Transport,
University of Transport.
The open discussion
and exchange session was moderated by Assoc.Prof.Dr.Nguyen Anh Thu, Vice Rector
and the participation of experts: Dr. Can Van Luc, Chief Economist of
BIDV, Director of BIDV Research and Training Institute; Dr. Vu Tien
Loc, Member of Economic Committee of the National Assembly, Chairman of Vietnam
International Arbitration Center, Senior Advisor of TFGI International
Institute of Technology; Assoc.Prof.Dr. Vu Sy Cuong, Head of
Financial Policy Analysis Department, Faculty of Public Finance, Academy of
Finance; Dr. Nguyen Minh Cuong, Chief Economist, Asian Development
Bank (ADB) in Vietnam.
The conference received the attention of a large number of policy
makers, scientists, international organizations, businesses, and press
agencies
2022 Vietnam Economic
Annual Report - a publication with high scientific and practical values
Appreciating the VNU-UEB’s
position in research with international publications, policy and business
consultancy in the fields of macroeconomics, international economic
integration, business administration, and finance, Prof.Dr. Le Quan affirmed
that the University has contributed an important part to VNU’s achievement of
ranking 451-500 in the world in the field of Business and Management Science. In
particular, the 2022 Vietnam Economic Annual Report conducted by VEPR is an
outstanding product contributing to research on Vietnam’s economic issues in
2022 and the following years.
According
to Prof. Dr. Le Quan, the workshop is very meaningful in the context that
Vietnam is in the period of economic recovery and development. Accordingly, digital
transformation in the economy and in the service industry is considered to
create a direct driving force for economic growth and sustainable development
in the medium and long term. On the other hand, an effective and
innovative digital service platform will create spillover effects to all sectors
by providing high-quality inputs and guaranteed outputs and business support
services for Vietnam's key industry - agriculture, especially in the context
that our economy has increasingly integrated into the global value chain.
Prof.Dr. Le Quan highly appreciated the contribution of policy
recommendations of the Vietnam Economic
Annual Report 2022 in the context that Vietnam is in the period of economic
recovery and development
Assoc.Prof.Dr. Nguyen Truc Le - Rector of VNU-UEB, speaking at
the conference
Regards the research
ecosystem associated with training, a body of foreign experts as advisors and
scholars of the University, Dr. Le commented: “The annual economic report has gone through a long
history of nearly 15 years by two prestigious organizations, the University and
the FNF. Having these reports is part of the quintessential wisdom from the
University’s researchers, an internationally-oriented strategic environment,
and a leading position in higher education institutions in the country and
region”. In particular, according to Dr. Le, the annual economic report
will also focus on analyzing and evaluating the digital transformation process
for a number of service industries, especially the finance, bank,ing and
logistics industries, two strategic key industries of the country. He
hoped that these analysis will be in-depth assessments and recommendations for
policy advice to the Government and the Central Government.
Prof. Dr. Andreas Stoffers, Country Director of FNF in Vietnam
Dr. Vu Tien Loc,
Member of the Economic Committee of the National Assembly, Chairman of the
Vietnam International Arbitration Center, Senior Advisor of TFGI International
Institute of Technology, highly appreciated the great values that the report
has brought between the two countries. Vietnam's economy is facing many
challenges in recovering and developing.
According to Dr. Nguyen
Minh Cuong, Chief Economist, Asian Development Bank (ADB) in Vietnam, the 2022
Annual Economic Report has shown a lot of in-depth and extensive analysis in
various economic fields. This is reputable scientific data, useful for
businesses, localities and policy-making agencies.
The open exchange and
discussion session received many valuable criticisms from reputable experts and
scientists
Digital
transformation - an inevitable trend for global service businesses to live
together safely, flexibly and effectively to COVID-19
In 2021, digital
transformation trends such as working remotely (Work from Home) have emerged; 5G
network; Artificial Intelligence AI, Blockchain, Internet of Things (IoT),
Customer Data Platforms (CDP)... The developed economies have gone into
depth and are at the stage of focusing on handling the "core" issues
of the digital economy, but Southeast Asia (except Singapore) is at the start
of the global digital transformation. across all sectors and is still lagging
far behind developed countries.
Digital
transformation in service industries has been and is taking place globally, and
there are differences by industry. Digital transformation in Logistics
services is increasing strongly based on the development of information and
communication technology. In financial services, the digital
transformation process takes place at different levels depending on the
technology and financial capabilities of each implementing organization.
According
to the results reported by experts at the conference, Vietnahas is
ranked 70/141 countries in the ranking of digital transformation readiness. In 2021, Vietnam has left many
important imprints in digital transformation in response to the Covid-19
pandemic with 50% of enterprises investing in technology deployment for
internal operations; 36.76% of
enterprises recruit and train employees remotely; 8 million new users on digital
platforms. More than 60% of
Vietnamese businesses intend to continue to combine remote working and working
at the office, more than 77% of businesses choose to deploy a combination model
of online and on-site business after the epidemic. Digital transformation has been
carried out in all economic and social fields (Health, education, e-commerce,
finance and banking, Logistics, etc.), although there have been many positive
growth signals. from the figures and forecasts of the General Statistics Office
for nearly the first half of 2022, The
recovery process of Vietnam's economy is somewhat slow compared to many other
countries in the world. Supportive
policies and drastic recovery solutions have also been promulgated by the Party
and Government and required industries, localities and the business community
to promote all motivations to maintain the growth rate at pre-contemporary
levels. Translate. Therefore,
Vietnam needs to accelerate economic restructuring in association with renovating
the growth model based on innovation and improving the digital economy
platform.
Forecasting
3 growth scenarios in 2022
Vietnam's
economic forecast in 2022, VEPR assessed, the economy is in the process of
recovering but will continue to face many difficulties and obstacles.
Those
are the risks from the pandemic, the risk of new strains appearing despite
recent developments showing an improvement in global disease control. Obstacles also come from inflation
pressure and rising production costs, risks from the Russia-Ukraine conflict. Although the direct impacts are not
too large due to the relatively small bilateral trade and investment relations
between these two countries with Vietnam, the indirect effects are very large. Next is the slowdown of the global
economy and important partner economies of Vietnam, especially China in the
context that the country continues its "zero Covid" policy with
control measures. Strict epidemic control can cause stress to the economy,
affect supply chains, thereby affecting Vietnam's economy.
From
the analysis and general policy recommendations, the Report emphasizes that
Vietnam needs to continue to achieve the goal of both economic recovery,
macroeconomic stability and soundness; financial
market transparency from the perspective of living with Covid-19; implement fiscal and monetary policies
with a focus on boosting demand and prioritizing resources for the business
sector to recover and develop.
The
report has presented GDP growth scenarios in 2022, with the base scenario being
that the growth rate this year will reach 5.7%, the extreme scenario is 6.2%. However, if the context is negative,
the GDP growth that VEPR forecasts will decrease to 5.2%.
The scientists
attending the conference recommend that, in the context that the pandemic can
still develop complicatedly, proactively controlling the disease, minimizing
negative impacts, and protecting and supporting economic recovery need to be
prioritized.
In
particular, it is necessary to accelerate the implementation of solutions for
economic recovery and development. In
which, continuing to implement social security solutions, policies on tax and
fee exemption and reduction, etc. proposed at the Socio-economic Recovery
Program 2022-2023. Accelerate the progress of the solution. public investment
capital budget, effectively harmonizing public investment capital from the
capital of the Recovery Program and capital from the medium-term public
investment plan.
Another
issue that should be noted is speeding up the implementation of measures to
reduce interest rates and support interest rates, but it needs to be closely
associated with strict supervision and control of bad debt situation...
The
Vietnam Economic Annual Report is a key product of the VEPR. Over the past 14 years and 14
reporting periods, the
Institute has focused on independent research and analysis, based on
evidence from the reality of Vietnam's macroeconomic issues in the year of
publication of the report and forecast for the next year. In addition, the reports also
highlight achievements, difficulties, opportunities and challenges in the
process of economic development in Vietnam, contributing to providing a
scientific basis for macroeconomic policymaking. at the same time, selectively
discuss some outstanding and in-depth economic issues of Vietnam.
Some
outstanding images at the Conference to announce the Vietnam Annual Economic
Report in 2022:
>> Press reports on the Conference to announce the
Vietnam Annual Economic Report 2022:
- Bản tin Tài chính KD 12h -
VTV1
- Truyền hình Nhân dân
- Báo
điện tử Chính phủ: Dự
báo 3 kịch bản tăng trưởng kinh tế Việt Nam năm 2022
- Báo
Dân trí: Trường
ĐH Kinh tế công bố Báo cáo thường niên Kinh tế Việt Nam 2022
- Cổng
Thông tin đối ngoại: Báo
cáo Thường niên Kinh tế Việt Nam 2022
- Đài
tiếng nói Việt Nam: Báo
cáo thường niên kinh tế Việt Nam 2022 (VEPR), khuyến nghị “Nâng cao nền tảng
số cho ngành dịch vụ" - Động lực trực tiếp cho tăng trưởng và phát triển
bền vững!
- Đại
học Quốc gia Hà Nội: Báo
cáo Thường niên Kinh tế Việt Nam 2022: Nâng cao nền tảng số cho ngành dịch
vụ
- Trường
Đại học Kinh tế: Báo
cáo Thường niên Kinh tế Việt Nam 2022 với đề xuất chính sách phục hồi tăng
trưởng, nâng cao nền tảng số ngành dịch vụ
- Báo
Tuổi trẻ: VEPR
dự báo tăng trưởng kinh tế năm 2022 từ 5,2 - 6,2%, lạm phát là nỗi lo lớn
nhất
- Báo
Đầu tư: VEPR
dự báo 3 kịch bản tăng trưởng kinh tế Việt Nam năm 2022
- VTC
news: Dự
báo 3 kịch bản tăng trưởng kinh tế Việt Nam 2022, từ 5,2 - 6,2%
- Sài
Gòn giải phóng: Tăng
trưởng kinh tế năm 2022 khoảng 5,2 - 6,2%
- Thương
hiệu và công luận: VEPR
đưa ra 03 kịch bản tăng trưởng cho kinh tế Việt Nam 2022
>> Click
here to see the title in Vietnamese.