Under the theme of promoting inclusive and sustainable economic growth for all the population, the opening day of the forum attracted hundreds of attendees from across the country, including government heads and ministry officials, business leaders and experts.

Nguyen Van Binh, head of the Party Central Committee Commission for Economic Affairs said that the economy of the country is beginning to show positive signs of economic growth from globalization with the GDP per capita having pushed into the low middle-income ranks.

However, he cautioned, the economy is also facing certain challenges and risks as the benefits are not being shared inclusively by all the population, with tens of millions having received practically no benefit whatsoever.

The major challenges facing the Vietnam government today require it to take effective measures to improve national governance to achieve a fairer distribution of the benefits from globalization for all the population, thereby ensuring sustainable and balanced development, Mr Binh said.

During the opening ceremony, Craig Chittick, Australian Ambassador to Vietnam, also said that globalization and technology have expanded wealth in the country— while simultaneously widening the wealth gap among the population.

An upturn in the national economy or an increase in the GDP per capita does not solve all problems.

Fragility is everywhere. Population growth, rapid urbanization, food insecurity, water scarcity, and above all climate change are all challenges facing the Southeast Asian country.

That is why it is important to urge reforms in all sectors and find solutions to make globalization fairer, he added.

Various discussions on the global economy, scientific and technological research and development, of the national economic prospects will be held during the forum.

In addition, a string of contracts and agreements covering some wide-ranging sectors are expected to be announced during the event that will help expand international cooperation and collaboration.

Source: vov.vn