Australia launches programme to support Vietnam’s economic reform

Wednesday, 2017-12-13 17:54:25
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Australian Ambassador Craig Chittick
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NDO - The Australian government and the Vietnamese Ministry of Planning and Investment on December 13 jointly launched Aus4Reform – a four-year long programme to boost the productivity and competitiveness of Vietnam’s economy.

The AUD6.5 million programme will support the Vietnamese government to achieve its targets for improving the business environment and move Vietnam towards a more market-based economy.

Aus4Reform will assist the development and implementation of economic policies, laws and institutions critical to helping Vietnam’s economy meet its potential.

The initiative will also build linkages between Australian and Vietnamese institutions to share expertise and experience.

Australian Ambassador Craig Chittick said that Vietnam has a long history of pursuing economic reform and Australia is proud to have offered its support throughout this process.

He emphasised that economic reform is tough, but Australia will continue to support Vietnam on this journey.

Australia’s support will help Vietnam register one million new formal private enterprises by 2020, increase the percentage of women-led enterprises and accelerate the growth in private sector employment.

Aus4Reform, which brings together Vietnam’s leading think-tanks and government agencies responsible for economic policy making and implementation, builds on the reform momentum achieved through previous Australian support including “Beyond WTO” and “Restructuring for a More Competitive Vietnam”.