“During the next five years the living standard of Vietnamese people will improve remarkably.”
By Jakob Holm
“Where will Vietnam be in five years?” that was the question up for debate on a recent meeting between donor-countries discussing Vietnam’s development plan for 2006 – 2010.
During the meeting members of Vietnam’s donor community all agreed that one of the propulsive forces for the development of Vietnam, in their view, was the recent accession to the World Trade Organisation (WTO) and strong reforms being initiated by the Vietnamese government.
Among the participants was the Danish Ambassador to Vietnam, Peter Lysholt Hansen, who commented “that in the next five years, the living standard of Vietnamese people would be improved remarkably.”
“As a member of WTO, Vietnam will attract foreign and domestic investment to gain a higher annual growth rate, create jobs and reduce both hunger and poverty rates,” he added.
However, the ambassador noted that the quality of investment and the impact on the environment by fast economic growth require the government to set urgent solutions to limit risk.
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