How to Make More Competitive Vietnam Come True

8/3/2019 How to Make More Competitive Vietnam Come True

1/14

Solutions to improveVietnam Institutions

[Image Info] www.wizdata.co.kr


2/14

Solutions to improve Vietnam Institutions

Government efficiency

Source: [Image Info] www.wizdata.co.kr

Strength of auditing and reportingstandards

Performance of intellectualproperty


3/14

How to make Vietnam more competitive in next 2 decades?

More Competitive

Higher level of

productivity of acountry.

Higher rankin GCI

WEF defines national economic

competitiveness as the set of institutions,

policies and factors that determine the level

of productivity of a country.

[Image Info] www.wizdata.co.kr

Source: Global Finance - http://www.gfmag.com/tools/global-database/economic-data/10430-global-competitiveness.html


4/14


Improve theperformanceof intellectual

property

Raise awareness onprotection of

intellectual property

Improve legal frameworkensure effective

implementation ofintellectual property rights

Strong enforcement ofthe Law on intellectual

property

http://thoibaoviet.com/tintuc.cnds.khds.40648.tbv, http://vietbao.vn/Khoa-hoc/Loi-ich-thuc-thi-quyen-so-huu-tri-tue-o-VN/20551205/189

Promote the development of science and technologyCreate more favorable environment to attract more investors.

Higher productivity More Competitive

Source
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5/14

Public

institutions

Decrease

corruption

More money to

invest in Capital

resource, Natural

Resource,

Technology...

1. Recruitment of the

best and brightest

government officials

2. Competitive pay

for highflyers

3. Utilization ofinformation technology

in administrative service

Higher

productivity

More

Competitive

Source: http://www.capacityisdevelopment.org/doccs/capdev_casestudy/Singapore%20Study.pdf, Page 5Image Info www.wizdata.co.kr, www.CartoonStock.com

http://www.capacityisdevelopment.org/doccs/capdev_casestudy/Singapore%20Study.pdfhttp://www.wizdata.co.kr/http://www.wizdata.co.kr/http://www.wizdata.co.kr/http://www.wizdata.co.kr/http://www.wizdata.co.kr/http://www.wizdata.co.kr/http://www.capacityisdevelopment.org/doccs/capdev_casestudy/Singapore%20Study.pdf


6/14

Latest news in corruption in Vietnam:

Vinashin ship is sinking down to the 4.5 billion dollar debt!


http://ledienduc.wordpress.com/2010/07/09/con-tau-vinashin-chim-va-nh%E1%BB%AFng-n%E1%BB%97i-kinh-hoang-c%E1%BB%A7a-dan-t%E1%BB%99c-vi%E1%BB%87t-nam/Source


7/14

Public institutions - Government efficiency

Wastefulness

of

Government

spending

1. Establish a council of public

independence investment

appraisal

2. State audit reports of SOEs and

large public investment projects

should be made public

3. Strictly control the investment

of state enterprises

4. Concentrate on the key

projects, cutting projects lessefficient, less urgent, are not

eligible to deploy

Decrease

Government Deficit

Decrease Foreign

debit

Control inflation

Effective

investment

Higher productivity

More Competitive

http://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-cong , http://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmSource

http://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-cong


8/14

Decrease official meetingsand buying new cars inVietnam

We will reduce 3000 billion VND(0.8% Government Budget)

(Ministry of Planning and Investment)

http://you.4be.vn/quan-ly-kt-nha-nuoc/16956-cac-bien-phap-giam-tham-hut-ngan-sach-cua-chinh-phu.4beSource



9/14

Public institutions - Government efficiency

Burden of

government

regulation

1. Simplification of administrative

procedures (one level one

door)

2. Public list of statistics and other

administrative procedures

(fees and charges)

3. Apply Information Technology

to administrative procedures

4. Equitization of state owned

enterprises

Investment environment

more favorable, more

open,

Reducing a lot of social

costs and make greaterlabor productivity

Create transparency ,

fight corruption

Higher productivity

More Competitive

http://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%BB%ADaqu%E1%BB%91cgiaTh%E1%BB%A5y%C4%90i%E1%BB%83n.aspxhttp://www.visalco.com.vn/webplus/viewer.asp?pgid=3&aid=231

Source

http://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%Bhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6%A1ch%E1%BA%BFm%E1%BB%99tc%E1%B


10/14Source: http://www.arthursclipart.org/kids/kidsbw/page_03.htm


Vietnam will decrease 30% cost if simplification of administrative procedures

(According to thutuchanhchinh.vn website http://thutuchanhchinh.vn/index.php/news/detail/222)
http://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htm


11/14

Private institutions Efficiency Accountability

Strength of

auditing and

reporting

standards

1. State management:

create and maintain a stable

audit process: principles,

standards and guidelines

1. Independent auditing activitiesImprove quality of service:

professional capacity, reduce

occupational risk, investment in

technology and techniques of

auditing, quality control

services, integration with

regional markets and

international.

Transparency offinancial reports

System of synchronous

solutions for all three

systems: Accounting -

auditing, commercialbanks and the Stock

Market

Attract more investment

Higher productivity

More Competitive

http://www.tapchiketoan.com/kiem-toan/chuan-muc-kiem-toan/kiem-toan-kiem-toan-voi-su-minh-bach-thong-tin-tai-chinh-tren-thi-t.htmlSource

http://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htm


12/14

Government efficiency

Strength of

auditing and

reporting

standards

1. Establish a council of public

independence investment

appraisal

2. State audit reports of SOEs and

large public investment projects

should be made public

3. Strictly control the investment

of state enterprises

4. Concentrate on the key

projects, cutting projects lessefficient, less urgent, are not

eligible to deploy

Decrease

Government Deficit

Decrease Foreign

debit

Control inflation

Effective

investment

Higher productivity

More Competitive


http://www.webketoan.vn/news/Source
http://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htm


13/14

Can we together makeVietnam morecompetitive in next 2decades?

Yes, wecan!

Vietnam more competitive in next 2 decades?

Singapore can so why dont we?

Find problems and take actions!

http://www.capacityisdevelopment.org/doccs/capdev_casestudy/Singapore%20Study.pdfSource
http://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.arthursclipart.org/kids/kidsbw/page_03.htm


14/14

Reference:http://www.capacityisdevelopment.org/doccs/capdev_casestudy/Singapore%20Study.pdfhttp://www.webketoan.vn/news/http://www.tapchiketoan.com/kiem-toan/chuan-muc-kiem-toan/kiem-toan-kiem-toan-voi-su-minh-bach-thong-tin-tai-chinh-tren-thi-t.htmlhttp://www.arthursclipart.org/kids/kidsbw/page_03.htmhttp://www.lamdong.gov.vn/vi-VN/a/sonoivu/tintucsukien/Pages/Kinhnghi%E1%BB%87mth%E1%BB%B1chi%E1%BB%87nC%C6

%A1ch%E1%BA%BFm%E1%BB%99tc%E1%BB%ADaqu%E1%BB%91cgiaTh%E1%BB%A5y%C4%90i%E1%BB%83n.aspxhttp://www.visalco.com.vn/webplus/viewer.asp?pgid=3&aid=231http://you.4be.vn/quan-ly-kt-nha-nuoc/16956-cac-bien-phap-giam-tham-hut-ngan-sach-cua-chinh-phu.4behttp://tuanvietnam.net/2010-07-20-giam-thue-va-hay-tang-chi-tieu-conghttp://suckhoedoisong.vn/2009062204472688p71c73/han-che-that-thoat-chi-tieu-cong.htmhttp://ledienduc.wordpress.com/2010/07/09/con-tau-vinashin-chim-va-nh%E1%BB%AFng-n%E1%BB%97i-kinh-hoang-c%E1%BB%A7a-dan-t%E1%BB%99c-vi%E1%BB%87t-nam/http://www.capacityisdevelopment.org/doccs/capdev_casestudy/Singapore%20Study.pdf, Page 5www.wizdata.co.krwww.CartoonStock.comGlobal Finance - http://www.gfmag.com/tools/global-database/economic-data/10430-global-competitiveness.htmlhttp://thoibaoviet.com/tintuc.cnds.khds.40648.tbvhttp://vietbao.vn/Khoa-hoc/Loi-ich-thuc-thi-quyen-so-huu-tri-tue-o-VN/20551205/189
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How to Make More Competitive Vietnam Come True

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