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HSF supports OECD’s Multi-Dimensional Review of Vietnam
Seminar on the Initial Assessment of the Multi-Dimensional Review of Vietnam

On May the 16th, the Organisation for Economic Cooperation and Development (OECD) presented the Multi-dimensional Country Review (MDCR) of Vietnam. Since the inaugural seminar on February the 25 this year, OECD collected facts about the current political, economic and social situation in Vietnam. High representatives of OECD, the Ministry of Foreign Affairs (MOFA), the Ministry of Planning and Investment (MPI) as well as members of the 2021-2030 Socio-Economic Development Strategy Drafting Team of the Sub-Committee for Socio-Economic Affairs came together in Hanoi to discuss Vietnam’s development priorities for the next 10 years.

The multi-dimensional Review of Vietnam has been presented by OECD.

The multi-dimensional Review of Vietnam has been presented by OECD.

; HSF

The multi-dimensional Review of Vietnam provides an overview of key constraints to Vietnam’s sustainable growth path as well as suggested priorities in the future. The main areas of the report are the five Ps of the agenda 2030: People, Prosperity, Partnerships, Planet and Peace.

Over the last decades, Vietnam has moved from a centrally-planned to a socialist-oriented market economy and has become a lower middle-income country. Vietnam achieved great economic and social progress, regarding economic growth, human development, increasing living standards and social inclusion. Particularly education and health have improved significantly.

However, Vietnam still faces many challenges. Widening inequalities, a fast aging society, digitalization, climate change and an inefficient use of natural resources pose new challenges for Vietnam and have to take into account to develop a more integrated and efficient economy.

During the workshop, the main results of the research were presented and discussed. Participants emphasized the value of the report for the future development of Vietnam and agreed on upcoming challenges and key issues. Since economic, social, institutional and environmental challenges are becoming more complex, Vietnam will focus on sustainability and upgrade its capabilities.

The next step of the MDCR will be the In-depth Analysis, to focus deeper on Vietnam`s main issues and to develop policy recommendations based on OECD expertise. Finally, concrete steps are initiated in the “From Analysis to Action” phase. The MDCR will be taken into account in the preparation of the next Socio-Economic Development Strategy (SEDS) 2021-2030 of Vietnam.

The Hanns Seidel Foundation (HSF) is working together with OECD since 2015 and supports its researches and studies in Vietnam.