Vietnam Academy Of Social Sciences

The delegation of the Vietnam Academy of Social Sciences paid a working visit to the Lao People's Democratic Republic

07/12/2018

From November 22nd to November 24th, 2018, accepting the invitation of President of Lao National Economics Institute (NIER), in the framework of VASS-NIER signed scientific cooperation agreement In 2017, a senior delegation of the Vietnam Academy of Social Sciences (VASS) led by Prof. Dr. Nguyen Quang Thuan, Chairman of VASS, paid a visit to the Lao People's Democratic Republic.

Prof.Dr. Nguyen Quang Thuan and Bouasone Bouphavanh Economics co-chaired at the workshop

The delegates of VASS have Mr. Nguyen Thanh Ha, Head of International Cooperation Department; Assoc. Nguyen Thi Hoai Le, Head of Scientific Management Board; Assoc. Nguyen Huy Hoang, Director of Southeast Asia Research Institute; Assoc. Nguyen Chien Thang, Deputy Director of Vietnam Institute of Economics; Assoc. Dang Thi Phuong Hoa, Deputy Editor-in-Chief of the Journal of Economic Research; Dr. Pham Sy An, Head of Division of Macroeconomics and Economic Institutions, Vietnam Institute of Economics.

During the working time in Laos, the delegation attended the workshop on "Economic restructuring experiences of the Socialist Republic of Vietnam" held by the Academy of Social Sciences and the Lao National Economic Research Institute on November, 23rd,2018 in the capital of Laos, Vientiane.

Workshop was co-chaired by Prof.Dr. Nguyen Quang Thuan, Chairman of VASS, and Mr. Bouasone Bouphavanh, President of NIER, former Prime Minister of Lao PDR, attracted more than 150 representatives from Management, Scientists from the Ministries, Departments, Scientific Institutions, Universities of Lao People's Democratic Republic. The workshop was organized to share knowledge, provide a picture of the overall results and lessons  about economic restructuring of Vietnam, especially from 2011 to now. Participants in the workshop heard and discussed the contents of three presentations by the Vietnamese delegation on the overview of Vietnam's economic restructuring, restructuring of public investment and Viet Nam restructuring of state-owned enterprises.  Lao’s economy has started to show signs of slowing down since 2016, a pattern of growth based on natural resource exploitation and low-cost labor is becoming less effective. Therefore, Laos determined to restructure the economy to stop the economic downturn, improve internal strength and implement sustainable development with high quality and efficiency. At the same time, economic restructuring also aims to help Laos adapt to new domestic and international requirements in the new contexts. Economic restructuring is also one of the important topics discussed during the preparation of political documents for the 11th Congress of the Lao People's Revolutionary Party. According to Mr. Bouasone Bouphavanh, President of NIER, the workshop succeeded not only to bring new knowledge and  practical experience on economic restructuring to managers, experts and scientists who come from the ministries, departments, agencies and science and education of Laos but also provide important scientific arguments in support of the guidelines and policies of economic restructuring of  Laos Party and State.

Overview the workshop                                           The delegates took a photo at the workshop

Prof.Dr. Nguyen Quang Thuan, President of VASS, said that the cooperation and sharing between the two sides is necessary in the process of economic reform and integration of the two countries. Restructuring the economy in a coordinated way is an urgent need, however, each country needs to base on specific resources, time ... to select the model and develop the appropriate roadmap, Properly restructure priorities to achieve the best spillover effect on the whole economy, implement the priorities of economic restructuring in combination with other solutions such as institutional reform, infrastructure floor, human resources, contribute to overcome the bottlenecks in the process of development and further improve the market economy institutions of each country. The leaders of the two agencies agreed to intensify closer and more regular cooperation in the coming time in order to find solutions to promote the Laos economy to develop sustainably and intergrate effectively.

VASS visited and worked at the Lao People's Revolutionary Party Central Office

After closing  the workshop, the VASS delegation paid a courtesy visit to Khamphan Phommathat, Member of the Politburo, Secretary of the Central Committee of the Party, Head of the Office of the Lao People's Revolutionary Party. Mr. Khamphan Phommathat appreciated the significance of organizing the workshop because it brought many useful experiences to Laos. Mr. Khamphan Phommathat hopes that cooperation between VASS and NIER, as well as between the two Parties, the two States will increasingly develop, especially sharing the results of research and academic exchange between the two sides, not only the field of economic restructuring, but also in other areas of interest to Laos, such as climate change, development of economic sectors to adapt and take advantage of the achievements of the Industrial Revolution 4, development of high-tech agriculture, development of economic sectors in the market economy. Mr. Khamphan Phommathat affirmed that the Office of the Lao People's Revolutionary Party Central Committee always creates favorable conditions for NIER and VASS to cooperate closely in order to advise the Party and State on economic restructuring and successful economic reform in general. On behalf of the delegation,  Prof.Dr.Nguyen Quang Thuan thanked the attention of Mr. Khamphan Phommathat, Member of Politburo, Secretary of the Central Committee, Chief of the Lao People's Revolutionary Party's Central Office  for scientific activities and hoped Mr. Khamphan Phommathat will continue to direct closely for the two countries' scientists to advise effectively on the process of two contries’s policymaking and economic reform .

On the afternoon of November 24th, 2018, VASS high delegation returned to the country, successfully completed a business in the Lao People's Democratic Republic.

PV

 



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