Vietnam-the next Asian Tiger? Message Board

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Strategies & Market Trends : Vietnam-the next Asian Tiger?

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From: Mannie	1/28/2007 10:07:29 PM
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Vietnam fixing system for global integration: PM PM Nguyen Tan Dung speaks at a panel session on 40 years of Association of South-East Asian Nation ASEAN during the World Economic Forum in Davos, Switzerland Vietnam will continue its administrative and legal reforms to create a market economy and achieve global economic integration, its prime minister told a meeting in Switzerland. Speaking at a plenary session Friday, Nguyen Tan Dung pledged to improve the country’s business environment, making it equitable and competitive for all businesses. Asked about the administrative reforms taking place in Vietnam, Dung said they were being done so that the country could better position itself to take advantage of opportunities. These included having better-qualified public servants to build a clean and safe state apparatus and ushering in greater transparency in government policies to allow for improved monitoring. To combat corruption, the salaries of public servants had been raised, loopholes in the laws and transaction processes tightened, and punishment for corruption made more severe. The plenary session was held to mark the 40th founding anniversary of the Association of Southeast Asian Nations (ASEAN). Philippine President Gloria Macapagal Arroyo and Malaysian Prime Minister Abdullah Badawi were also present. Dung hailed ASEAN'S non-interfering approach for allowing Vietnam to thrive economically and transform itself from a centrally planned economy to a market-based one since joining it in 1995. By joining ASEAN Vietnam had gained access to a market of more than 500 million through the Asean Free Trade Area, and by joining the World Trade Organization as its 150th member, integration with the global economy. On competition from major countries like China and India, Dung stressed that each ASEAN member and the whole bloc should increase cooperation with the two.

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