PM greets Harvard professor

VGP – PM Nguyen Xuan Phuc received Mr. Ricardo Hausmann, Director of the Center for International Development and Professor of the Practice of Economic Development at Harvard University who was on a working visit to Viet Nam, on June 30 in Ha Noi.

July 01, 2016 8:52 AM GMT+7

PM Nguyen Xuan Phuc (R) and Director of the Center for International Development and Professor of the Practice of Economic Development at Harvard University Ricardo Hausmann, June 30, 2016 – Photo: VGP/Quang Hieu

PM Phuc welcomed the tour of the professor and his researches and contributions to the world’s economic theories.

Mr. Phuc also hoped that with valuable knowledge, the professor would make comments on Viet Nam’s measures and socio-economic development policies.

The Vietnamese Government is working to speed up the administrative procedure reform; attract foreign investment, FDI; prioritize high-tech projects; and boost economic growth, said the host leader.

PM Phuc hoped that Professor Ricardo Hausmann would support Viet Nam and serve as a bridge for more foreign investors to set footholds in Viet Nam in favour of national socio-economic development.

For his part, Professor Ricardo Hausmann expressed his impression of Viet Nam’s spectacular socio-economic achievements, including robust export growth rate, remarkable poverty reduction, narrowed gap among the rich and poor; and settlement of social inequality.

According to Mr. Ricardo Hausmann, Viet Nam has transformed from a low-income country to medium-income one and is facing medium-income trap. He advised learning experience from Japan to avoid the trap.

He also suggested Viet Nam diversify exports; generate high added value; and control public debts./.

By Kim Anh