Australia renews commitment to support Vietnam’s economic reform
The Australian Government and the Vietnamese MIP jointly launched Aus4Reform – a four-year long programme to boost the productivity and competitiveness of Vietnam’s economy, in Hanoi on December 13.
Australian Ambassador Craig Chittick speaks at the event (Source: courtesy of Australian Embassy in Vietnam)
Hanoi (VNA) - The Australian Government and the Vietnamese Ministry of Planning andInvestment jointly launched Aus4Reform – a four-year long programme to boost theproductivity and competitiveness of Vietnam’s economy, in Hanoi on December 13.
The 6.5 million AUD programme willsupport the Government of Vietnam to achieve its targets for improving thebusiness environment and move Vietnam towards a more market-based economy through assisting the development and implementation of economic policies, laws andinstitutions critical to helping Vietnam’s economy meet its potential.
Theinitiative will also build linkages between Australian and Vietnamese institutionsto share expertise and experience.
Australian Ambassador Craig Chittick said Vietnam has a long history ofpursuing economic reform and Australia is proud to have offered our supportthroughout this process. “Economic reform is tough, but Australia will continue to support Vietnam onthis journey,” he said.
Australia’s support will help Vietnam achieve its goal of one million new formal private enterprises by 2020, increase thepercentage of women-led enterprises and accelerate the growth in private sectoremployment.
Aus4Reform brings together Vietnam’sleading think-tanks and government agencies responsible for economic policymaking and implementation, including the Central Institute of EconomicManagement (CIEM), Vietnam Competition and Consumer Agency (VCCA), theInstitute of Policy and Strategy for Agriculture and Rural Development (IPSARD), Vietnam Chamber of Commerce and Industry (VCCI), the Party Central Committee's EconomicCommission and the Economic Committee of the National Assembly.
The programme builds on the reform momentum achieved through previous Australia supportincluding “Beyond WTO” and “Restructuring for a more CompetitiveVietnam”.-VNA
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Australian Ambassador Craig Chittick speaks at the event (Source: courtesy of Australian Embassy in Vietnam) 
