Vietnam’s Economy at the Crossroads: Reform Actions Needed

When: Th, Sep 12th 2012 5:30 pm to 8:30 pm

Where: Renaissance Riverside Hotel Saigon

What: AmCham Members Night with Dr. Le Dang Doanh

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Stabilization policies since February 2011 have slowed the roller coaster ride of credit growth, inflation, and the economy. Many AmCham companies seem to be doing well, but there still seems to be a malaise in the Vietnamese economy, and the Vietnamese domestic economy seems to be under stress.

Viet Nam’s Consumer Price Index (CPI) is expected to go up to 8.2% by the year-end (World Bank estimate), while GDP growth is only expected to hit 5.3% Viet Nam has now had the longest spell of slow growth since the start of doi moi (renewal).

Moreover, Viet Nam is the only large developing country in the East Asia and Pacific region, other than China, whose post-crisis growth has been lower than its pre-crisis level. The economies of Indonesia, Malaysia, Philippines and Thailand have all grown faster in the post-crisis period.

Vietnam’s economy is at the crossroads. Which way now?

How can Vietnam solve the three big issues; high fiscal deficit, slow progress in banking sector reform and no progress on restructuring inefficient State-owned enterprises? Dr. Le Dang Doanh, a prominent economist and a former top official at a government research organization, will share his views with us.

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Dr. Le Dang Doanh will share with us his analysis of the current situation and to give some ideas about what AmCham companies, and AmCham as an organization, can do in cooperation with Vietnamese business associations, international organizations (VBF, World Bank, ADB, etc.), U.S. Embassy and Consulate … to encourage business and government in Vietnam to improve the business environment and revitalize Vietnam’s “economic miracle” of stable, sustainable, and equitable growth.

Please click this link to Register Online for this important event.

Agenda

05:30pRegistration of participants
06:00pWelcome Remarks and Introduction
.Vietnam at the Crossroads: Which Way Now?
06:45pQuestions & Answers & Discussion
07:00pNetworking Cocktail Reception
08:30pEvent Ends

Costs

Members: 650,000 VND | Non-members: 750,000 VND

About Dr. Le Dang Doanh

Dr. Le Dang Doanh, is one of Vietnam’s foremost economists.

Previous positions include:

Advisor to the Minister of Planning & Investment (MPI), 2001 – 2006

President of the Central Institute for Economic Management (CIEM), Hanoi, 1993 – 2001

From 1968 to 1978, he served as Expert of the Office of the Government, and began his carreer in the CIEM as Head of Department. 1987-88, was senior expert of the Central Committee of the CPV and from 1988 to 1990, economic adviser at the Office of the General Secretary of the CPV, Nguyen van Linh. In 1991, was appointed vice-president of the CIEM and vice-minister, and president of the CIEM since 1993.

Author of many publications and research studies, recent publications include:

  • Socialism and Market- the Evolution in Vietnam, Conference of IEA in Hongkong, 2004. Oxford University Press 2007
  • The Development of Market Institutions and Poverty Reduction in Vietnam, in Kennichi Ohno, Alain Johnson, Important Institutions for Sustainable Long-term Growth in Vietnam. ADB, 2005, Hanoi.
  • Vietnam’s Services Sector and Process of International Economic Integration, in Vietnam Economic Review, July 2005, Hanoi.
  • The Enterprise Law and the Development of the Private Sector in Vietnam. Paper presented to the International Policy Conference on Transitional Economies in Hanoi, 31 May- 1 June 2004.Born in Hanoi, Le Dang Doanh was graduated in German Democratic Republic from the Technical University of Leuna-Merseburg, and  post-graduate studies at the Academy of National Economy in Moscow.

Published: Sep 10, 2013

Updated: Sep 17, 2013