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Workshop on “The financial market supervision model – experiences from Japan, Singapore, Malaysia and Korea”.

On 17th August 2010, the VDF working team group organized a workshop on “The financial market supervision model – experiences from Japan, Singapore, Malaysia and Korea”. Dr Nguyen Thi Minh Hue, VDF researcher/ NEU lecturer, on behalf of the joint research group presented the findings from Japan, Singapore, Malaysia models after the study tour in Japan in the early of this year. Mr Nguyen Duc Trung, Head of Science Management Department, Banking Academy presented the Korean model and some suggestions for Vietnam. The participants from National Financial Services Commission, Deposit Insurance of Vietnam and other researchers discussed the advantages as well as disadvantages of each model and also pointed out the research topics should be kept continuing studied. In the next period, the VDF working team group will focus on the design of financial market supervision report under international standards and 4 above countries including: (i) the structure of report, (ii) details of financial indicators, and (iii) how to apply these indicators in Vietnam. HueslideV(PDF679KB) TrungslideV (PDF45,512KB)

Cooperation with MONRE on Modelling the Economy and the Environment:

VDF environmental team is working with Ministry of Natural Resources and The Environment (MONRE) to quantify the environmental effects arising from economic activities in Northern Economic Region of Vietnam and present a concrete framework for measuring inter-regional, inter-industrial dependencies among regions. The VDF team led by Ms. Le Ha Thanh is providing initial ideas, analysis and international experience and drafting the report. 

SEDS mission touring Japan

During 6-14 June, 2010, high-level policy makers visited Japan to collect information for formulating future policies. Members included Do Hoai Nam, Le Duc Thuy, Truong Dinh Tuyen, Tran Dinh Thien, and others. The mission exchanged ideas with Prof. Tsuboi (Waseda), Prof. Ohno (VDF/GRIPS), Prof.
Kuchiki (Nihon U), Prof. Tajika (Hitotsubashi U), Prof. Matsushima (Tokyo Science U), etc. They also met with JICA, Bank of Japan, Japan-VN Economic Forum, JETRO, Daiwa Res. Institute, etc. The mission's interests included SMEs, supporting industries, and quality and productivity improvement. This was part of JICA's intellectual assistance to Vietnam's next socio-economic development strategy.

Conference on "Globalization and evolution of Asian countries" in Korea

From 12 to 14 May, the International Conference on: "Globalization and Evolution of Asian Countries" was held by Korea University at Sejong. Researchers and lecturers from China, Japan, Malaysia, Vietnam and Korea made series of  presentations from various economic researches including: (i) economic and monetary economics, (ii) labour and children issues under globalization, (iii) integration and international finance and (iv) dis-saving trend and economic growth. Dr Tran Thi Thanh Tu, VDF researcher/NEU lecturer contributed a presentation on " The role of monetary policy under economic crisis - the case of Vietnam. After analyzing the impacts of monetary policy in Vietnam on banks and firms in the recent time, her discussions focused on limitations of interest support lending policy in Vietnam in the period of economic crisis and some policy recommendations were also suggested. This conference is a good chance for participants to share and exchange knowledge as well as practical experiences among Asian countries and to develop VDF networking among researchers in the field. SlideE (PDF65KB)

Dialogue with Vinh Phuc Province

On 11-05-2010, VDF was invited by the Project Management Unit of Vinh Phuc Investment Climate Improvement Project to discuss supporting industry promotion. Four VDF leaders and researchers, two JICA experts, and one Hanoi University of Industry staff participated. On the Vinh Phuc side, the chairman of PMU, the heads of DPI and DOIT, and the director of One Stop Services Center joined. Vinh Phuc's current situation and plans were explained, and views and comments were exchanged. Two of the operational industrial parks, Khai Quang and Binh Xuyen, were visited.

VDF annual symposium on "Avoiding the middle income trap: opportunities & challenges for Vietnam"

On March 18, 2010, VDF and the National Economics University (NEU) co-organized a symposium on “Avoiding the Middle Income Trap: Opportunities and Challenges for Vietnam” at Nikko Hotel. More than 100 participants are from government agencies, including Government Office, National Assembly Office, MPI, MOIT, MOF, MOLISA; research institutes; universities; international organizations, such as World Bank, JETRO, JICA, GTZ; and news agencies. Three presentations at the symposium focus on three topics: economy, social and environment. The first one presented by Prof. Kenichi Ohno, the Director of VDF, warns of Vietnam’s risk of falling into the middle income trap unless policy formulation and organization are innovated. To avoid the trap, Vietnam should learn selectively from successes and failures of advanced countries like Korea, Taiwan, Malaysia, Thailand…  The second one delivered by Dr. Giang Thanh Long, NEU lecturer/VDF researcher, indicates an emerging challenge of aging population starting to occur from 2010. Dr. Long confirms that this will not become a country’s burden if even from now we prepare  proper policies to ensure successful aging. These policies include creating a roadmap to reform the pension scheme, diversifying insurance provisions; designing social assistance scheme towards a universal scheme, and promoting economic activities for the elderly, etc. The last one presented by Dr. Le Ha Thanh, NEU lecturer/VDF researcher, points out a more serious challenge of environment. From analyses of a specific environmental policy, Governmental Decree No. 67 on industrial wastewater fees, Dr. Thanh suggests such crucial factors to formulate a high realizable policy as stakeholders’ involvement, especial enterprises; a clear implementing roadmap; transparence; and monitoring and assessment mechanisms. The presentations are followed by active discussion from economist, policy makers and donors. Generally, discussants share the common views that policy formulation in Vietnam should be renovated to strengthen coordination among government agencies and dynamism of private sector; Vietnam’s growth bases on external but not internal sources; and human resource should be the main driving force but has not been mobilized effectively. For further information of contents and discussion at the symposium please see the summaryE (PDF24KB) and the presentations Slides1E (PDF1.4MB) Slides1V (PDF2.1MB) Slides2E (PDF2.1MB) Slides2V (PDF2.6MB) Slides3E (PDF1.2MB) Slides3V (PDF1.3MB).