Vietnam does want to accelerate cooperation, exchange experience and learn more lessons from emerging economies to overcome current difficulties and for its development plans, Prime Minister Nguyen Tan Dung told 70 leaders of emerging economies on July 1 in Hanoi.
&ldquoThis is a chance for Vietnam to learn lessons and experience from emerging markets from Latin America, Asia, and Africa,&rdquo Mr. Dung affirmed at a Global Meeting on Emerging Markets held in Hanoi July 1 with participation of President of the Asian Development Bank, Haruhiko Kuroda, former President of Bolivia, Carlos Mesa, ex-President of Mexico, Vicente Fox and scholars and CEOs.
President Haruhiko Kuroda noted Vietnam is on right track in taking drastic measures to curb inflation and stabilize marcoeconomy, and the Asean country&rsquos experience should be applied in other countries.
The World Bank said it saw signs that the government of Vietnam&rsquos measures to stabilize marcoeconomy has taken effects, specifying the slow down in consumer price hikes of non-food products in June and trade deficit.
Secretary General of the Securities and Exchange Commission of Thailand, Thirachai Phuvanatnaranubala, agreed that the Vietnamese government&rsquos policies are on the right track.
&ldquoI have a strong confidence in the country and the measures introduced by the Vietnamese government are already the right methods,&rdquo Thirachai told a Vietnam News Agency reporter on the sidelines of the meeting.
Thirachai said his confidence is based on the Vietnamese authorities&rsquo eagerness to learn from international best practice and introduce international standards into the local market.
Bimal Jalan, former governor of the Reserve Bank of India said that Vietnam&rsquos attraction of foreign investment and acceleration of production will help the country overcome current difficulties, including high inflation and trade deficit.
Chief Executive of the Asia-Pacific region of Deutsche Bank, Colin Grassie, however, warned of a decline in emerging markets, including Vietnam, in the medium term, due to the effects of surging prices around the globe at present.
At the meeting, policymakers, scholars and CEOs from major groups also recommed emerging markets, including Vietnam, closely monitor outside changes in order to work out flexible and sui development policies to ensure s growth.
Emerging economies were also advised to support small- and medium-sized enterprises, thereby improving economic efficiency and increasing incomes for workers, they said.
The meeting is slated to last three days from July 1 in Hanoi. (VNA, Government&rsquos Website)
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