Delegates shared experience in minimising the impact of the crisis and work out new solutions to challenges facing the Vietnamese economy at present and in the future.

Dr Nguyen Quoc Hung, from the Vietnam Institute of Economics, said that Vietnam should continue to keep a close eye on the development of the crisis and increase its forecasting capacity to respond in a timely manner.

PhD Phan Dang Tuat from the Ministry of Industry and Trade suggested that the government restructure the industrial sector by implementing its investment, financial and salary policies consistently, developing support industries, increasing human resources for new industries, building the business incubator network, selecting strategic partners and encouraging businesses to take part in multinational groups.

Cao Si Kiem, President of the Small-and Medium-Sized Enterprises (SMEs), pointed to the fact that the implementation of the Government’s solutions for stimulating the economy is slow going. He said that it is necessary to increase the dissemination of information and make loan procedures public to assist businesses in difficulty.

Bui Thanh Quyen, Secretary of the Hai Duong provincial Party Committee, proposed that economic experts evaluate the impact of the global financial turbulence on State-owned economic groups, especially SMEs and craft villages, and consider increasing investments in rural areas to help farmers get steady jobs and maintain production.

The workshop was jointly held by the National Assembly Committee for Economic Affairs and the Vietnamese Academy of Social Sciences (VASS).