Professor Fukunari Kimura, chief economist of the Economic Research Institute for ASEAN and East Asia (ERIA), affirmed that Vietnam is among the countries with the most potential to move from middle-income to high-income in the era of globalization.
President Vo Van Thuong meets with Emperor Naruhito on November 28 - Photo: VNA
A policy advisory report containing recommendations to help Vietnam become a high-income country by 2045 was presented directly by ERIA representatives to President Vo Van Thuong and Japanese Prime Minister Kishida Fumio on November 27. Professor Fukunari Kimura is one of the authors/compilers of this meaningful report.
Recommendations for Vietnam
Professor Fukunari Kimura - Photo: Foreign Press Center Japan
Vietnam has set a goal of becoming a developed, high-income country by 2045, the 100th anniversary of the country's founding. There are still more than 20 years to go to reach this milestone. All efforts to make it happen are accelerating.
President Vo Van Thuong's official visit to Japan is one of those efforts.
In the joint statement upgrading Japan-Vietnam relations to a comprehensive strategic partnership, Japan emphasized its commitment to continue supporting Vietnam's goal by 2045. Many policy advisory and resource assistance have been and are being deployed, including the 630-page policy advisory report titled Vietnam 2045 by ERIA mentioned above.
Speaking to Tuoi Tre , Professor Fukunari Kimura said that the report is the product of many prestigious experts in Japan and Vietnam who have studied the Vietnamese economy for many years. He himself is the co-author of chapter 8 of the report titled "New wave of digital transformation, industry 4.0 and innovation".
"Vietnam has been successful in taking advantage of the forces of globalization by actively integrating into the economy, but is facing challenges in improving productivity and upgrading industries," Kimura noted.
He said the report looked at the achievements, current status and future directions of each sector in Vietnam, including the implications of digital technology and supply chain resilience to make specific policy recommendations. At the same time, the energy transition, sustainability and social issues that Vietnam will face on the path to an inclusive economy were also studied.
"This report will provide an evidence-based approach to the development strategies that Vietnam should adopt until 2045," he said.
Potential to become a role model
The President and his wife, along with Vietnamese officials, Tokyo leaders and several Japanese corporations, ate bread - Photo: NGUYEN HONG
Speaking further to Tuoi Tre , Professor Fukunari Kimura said that in the past, there were countries that successfully jumped from upper middle income to high income, such as Japan and South Korea.
“But they did that before the globalization of the 1990s. Now, the evidence of how a newly developed economy can take the final step is lacking,” he said.
The big challenge for countries like Vietnam, according to him, is not the middle-income trap, but that no country in the era of globalization has gone from upper middle-income to high-income and become a developed country.
"However, Vietnam is one of the most promising countries that can do it," Mr. Fukunari Kimura affirmed.
Trade and investment can promote economic growth, but it must be accompanied by industrialization and create economic development for itself. In addition, the country must always be open, take full advantage of opportunities from globalization and be self-reliant in economic development.
"We believe Vietnam can do it and will show itself as a new development model for developing countries. Japan will continue to be a friend and equal partner of Vietnam," the chief economist of ERIA emphasized.
With Vietnam's goal of becoming a low-carbon economy, he said the path towards a low-carbon economy may differ between countries, and may take many different routes.
"Japan has a long history of striving to find a comprehensive and sustainable path in energy and environmental issues. Therefore, Japan can cooperate with Vietnam on this issue as its strongest partner," he emphasized.
On November 28, continuing his visit to Japan, President Vo Van Thuong and his wife met with Emperor Naruhito and Empress. At the meeting, Emperor Naruhito and Empress said that historical connections and exchanges, cultural and human similarities are among the fundamental factors for developing the deep and closely connected Vietnam-Japan relationship in many fields as it is today.
President Vo Van Thuong shared his fond memories of his previous visits to Japan in various capacities. On this occasion, on behalf of the State and people of Vietnam, the President invited the Emperor and Empress to visit Vietnam.
Another activity that left a good impression on the President and his wife was having breakfast with Tokyo leaders and some of Japan's leading corporations with bread, Quang noodles and Vietnamese iced milk coffee in Tokyo.
Tuoitre.vn
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