Vinh Phuc (VNA) – A national symposium themed “Rapidand sustainable development institutions: International experience and issuesfacing Vietnam in the new period” was held in the northern province of VinhPhuc on September 28.

Speaking at the event, Prof. Ta Ngoc Tan, Vice Chairman ofthe Central Theoretical Council, said that after three decades of reform,Vietnam has gradually refined economic, political and social developmentinstitutions.

Amid the Fourth Industrial Revolution, Tan said improvingcompetitiveness and building rapid and sustainable development institutions areimperative to Vietnam in the new period.

Asso. Prof. Tran Quoc Toan said political institutions play anorienting role and economic institutions a central role, while social institutionsdirect social harmony.

He added that building and effectively implementing qualityinstitutions require synchronous measures to improve the capacity of entitiesconcerned.

Participants discussed the structure and role of developmentinstitutions, their shortcomings, and foreign countries’ experience in thefield.

Concluding the event, permanent Vice Chairman of the CentralTheoretical Council, Prof. Phung Huu Phu affirmed that feedback at the event willprovide an important reference to refine theory on building rapid andsustainable development institutions.

He asked researchers to collect suggestions to fine-tunedraft documents to submit to the 13th National Party Congress.

The event was co-hosted by the Central Theoretical Council,the provincial People’s Committee, the Vietnam Academy of Social Sciences, thePrime Minister’s economic consulting group and the National EconomicsUniversity.-VNA