Economists and policy makers told the conference “Economic Governance for a Facilitating State” that this process should stand on 3 pillars: economic prosperity, balanced with environmental sustainability; equity and social inclusion; and state capacity and accountability. Deputy Minister of Planning and Investment Nguyen The Phuong said the Vietnamese government is willing to learn from experiences to best facilitate socio-economic development.

“We need to clarify the relationship between the state, market and society to define the State’s role and influence in the economy in the context of a full market economy. An e-government is a good tool to make policies more effective, particularly in the delivery of public services,” Phuong said.

The conference was co-organized by the World Bank and the Ministry of Planning and Investment to discuss the role of the State in economic management and improving institutions for sustainable growth and prosperity.