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Institutional change needed to boost economic growth

by VTV416 June 2016 Last updated at 19:35 PM

VTV.vn - A workshop on the development of the private sector and institutional modernisation in the central city of Da nang was held on Wednesday by the World Bank and Vietnam Chamber of Commerce and Industry.

Participants at the conference suggested slow institutional change is seen as a bottle neck to Vietnam's economy and growth in the context of world development during the next two decades. Therefore, the authorities in the central province of Danang are provided with innovative solutions in realising the city’s goals. Creating favourable conditions for the development of businesses, especially private businesses, is of crucial importance to the locality. The conference also provides businesses with major national goals as well as their positions in boosting the development of the country’s economy.

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