Experts attend the consultative meeting. (Photo: thoibaotaichinhvietnam.vn)

Delegates said since the COVID-19 pandemic broke out, economic institution reform, particularly policies on competitiveness and business, has been the top priority to help consolidate businesses and investors’ trust. In the long-term, reform needs more effort in terms of management and policies, they said.

Doctor Can Van Luc, Head Economist of the Vietnam Bank for Investment and Development, recommends: “During the pandemic, countries which have done well in the following areas, will overcome economic difficulties. First is digital transformation and skills. Second is a solid social security system. Third is a healthy and resilient level for the financial system. Fourth, national governance must always have contingency plans and forecasts. Healthcare and economy should always be balanced.”