On November 15, the Ministry of Planning and Investment (MPI) and the Aus4Reform Program Coordinating Committee, in collaboration with the Australian Embassy in Hanoi, co-hosted the final workshop of the “Australia supports economic reform in Vietnam (Aus4Reform): Outcomes, lessons learnt and future directions” program.
Funded by the Australian Government, the Aus4Reform Program aims to help Vietnamese agencies implement their plans to restructure the economy, renovate growth paradigms, and improve the business and investment environment towards boosting workplace productivity and the quality and competitiveness of the economy towards rapid and sustainable development. The program was implemented from November 2017 to November 2022 with a grant of A$6.5 million ($4.38 million).
Aus4Reform is the third program in a series of programs and projects led by the Australian Government to support Vietnam’s economic reform, including the WTO Post-Accession Technical Assistance Program (2008-2014), a project to support Economic Restructure Towards Enhancing Vietnam’s Competitiveness (2014-2017), and the program Australia Supports Economic Reform in Vietnam (2017-2022).
With four components implemented by four institutions, including the Central Institute for Economic Management at the Ministry of Planning and Investment, the Department of Competition and Consumer Protection at the Ministry of Industry and Trade, the Institute for Policy and Strategy for Agriculture and Rural Development at the Ministry of Agriculture and Rural Development, and the Vietnam Chamber of Commerce and Industry, as well as a flexible fund to support urgent priority issues arising during the course of implementation, the Aus4Reform Program has assisted the Vietnamese Government through:
- Fostering the research and analysis of issues related to economic reform by Vietnamese agencies;
- Enhancing dialogue among policy makers, the public, academia, and politicians; and
- Strengthening cooperation and learning experiences and exchanging information between agencies of Vietnam and other countries, especially agencies of Australia.
At the workshop, the Deputy Minister of Planning and Investment greatly appreciated the contributions of the program. Australia’s technical assistance to Vietnamese agencies in general and the Ministry of Planning and Investment in particular has always been given special attention, because the support has directly contributed to changing mindsets and improving the capacity of Vietnamese agencies and officials.
In recognizing the outcomes of the program, Mr. Andrew Goledzinowski, Australian Ambassador to Vietnam, stated, “Australia and Vietnam have cooperated closely on economic reform since shortly after the opening of Vietnam’s economy in the early 1990s, including during important periods, such as when Vietnam joined the WTO, commenced participation in free trade agreements, and most recently during its economic response and recovery from Covid-19.”
“Although today’s conference marks the conclusion of the current phase of the Aus4Reform Program, our economic reform and cooperation journey continues. This is underpinned by the trust that exists between our governments, and our common goals to enhance our economic relationship, increase investment flows, and strengthen regional prosperity and stability.”
The outcomes of the Aus4Reform Program are used as a basis for implementing reforms aimed at improving the business and investment environment, enhancing market economy institutions, developing the private sector, and strengthening competition and consumer protection institutions, accelerating the restructure of the rural economy and increasing added value in agriculture, thereby contributing to improving workplace productivity and economic competitiveness.
Along with the process of economic reform and transformation of the country’s growth paradigm, the need for technical assistance in this field will be enormous in the years to come. The outcomes achieved from this program will serve as the basis for building the next Australian support programs for economic reform in Vietnam.
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