Vietnam Challenges in Development

What are the major(ip) obstacles in your countrys catching to achieve long-term and sustainable ontogenesis and in addressing such obstacles what overt policies consider to be vagabond in place, peculiarly in relation to national engineering and innovation cleverness? Vietnams better do work named Doi Moi (Renovation) since 1986 witnessed success of market-oriented diverges. non only has Vietnam been one of the worlds fastest growing economies (averaging over 7 per cent p. a. GDP product), it has made heavy(p) strides towards eliminating poverty, achieved national food security and perform a major exporter of agricultural commodities.However, the process of shifting from agricultural dominance to industrial dominance has also created number of negatives personal effects for the country that public policies should be put in place to address. Three main obstacles, which Vietnam has to face up with, are those issues of growth, corporation and environment Firstly, the c ountrys scotch growth primarily is factor-establish and quantity-based date knowledge-based growth accounts for minimal proportion. The growth made by input jackets (foreign investiture, indwelling mental imagerys) fares the results do non deserve with investment.IMF experts make a analogy of Vietnam case with Thai fine-tune and Philippine in the sometime(prenominal) 2 decades, when two country see same position as Vietnam currently, 30-40% total revenue of the nation created 12% growth rate, while Vietnams investment up to 60% of total revenue notwithstanding growth rate is only 6-7%/year. Its the time to pay attention on economic effectiveness rather than nevertheless targets setting. Secondly, economic growth in hapless time has lead to series of tender issues.Ine lineament and the gap between rich and wretched, unsophisticated and urban, plains and mountainous areas has been widened not only in terms of income just now also vivacious standards and chances. T he rapid growth of urban economic system and industry has not been linked harmoniously with agrestic economy and society. While many another(prenominal) unexampled jobs continue to withdraw junior labors from the rustic, they also worsen the unbalance of arcadian family life, gender and age. More jobs are created but unsecured, life in industrial govern or city suburban with letting house, commencement-income and manual job preserve not secure a future.The rest of mountain stay with agriculture, however, the growth of and is being contracted, restrict the application of hi-technologies farming syste agricultural doing (so far mainly relying on in labor and natural resources intensive investment) has no longer enjoyed favorable conditions. Agricultural land is scattered m is still based on habitant and qualitative products are low competitiveness. Thirdly, environment is damaged seriously. Pollution is increasing, urban and industry waste is poured to the boorish. Some natural resources are over exploited for exports place without planning.Fossil fuel is the main source for the economy, engineering to create alternative energy is late applied. In addition, the happening of epidemic, climate changes is get complex. Long term policy to align with climate change is still in the beginning stage of formulation while the country have to struggle with twenty-four hour period to day disasters. In order to addressing those obstacles, new strategic orientation should be identify main approaches of public policy in the new period are as follows Distribute equ every(prenominal)y the growth results.Remove entirely barriers and create favorable conditions for the buildment of resource markets in the rural (labor, land, capital and scholarship and technology) so that the market mechanism and intrinsic capacity of rural people can be mobilized to regulate effectively all available resources mobilize abundant rural labor resource, urban savings, and inte rnational capital to upgrade rural infrastructure and develop rural serve and crafts (including industry and non-agriculture activities in the rural) move the urban and industry to rural areas, export and take rural labors to the urban.Focus investment on education to improve the humane resource capability through appropriate vocational training policy develop health care system in the rural, especially in knotty and poor areas stimulate economic sectors to provide services in the urban and favorable areas gradually, shrink the gaps of service quality between the rural and the urban. Stimulate all economic sectors to enter in the increment and application of attainment and technology to create higher quality products.The State should concentrate its investment in science and technology applied for public services in agriculture, extension, in difficult and poor areas Identify clearly unavoidable criteria and areas for economic-environment balance ensure the sustainable kin dly and environmental development actively make harmoniously economic, social and environmental planningIn conclusion, entryway new development phase, Vietnams development course requires new policy solutions to change investment direction into knowledge-base, mobilize unavowed resources, create motivation for a sizable number of people to achieve a long-term and sustainable growth in which national technology and innovation capability enhancement play an crucial role.