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Roundtable discusses financial crisis

A VPDF-sponsored roundtable on the current global financial crisis and its impacts on Vietnam was held in Hanoi on December 23, with over 30 researchers from various institutions taking part.

The participants dealt with various aspects of the crisis, its causes and development, remedial measures taken by different countries so far, and lessons drawn therefrom about the roles that could be played by the market and the State in shaping a least vulnerable possible national economy in the conditions of globalization.

All speakers agreed that Vietnam was not spared from the global crisis. Some, however, said that prospects for Vietnam’s economy in 2009 would be brighter than in 2008, with inflation rate down to one-digit (compared with over 20% currently). Others considered the forecast over-optimistic, argueing that the impacts, e.g. in relation to export and foreign investment, could lead to serious socio-economic problems related to employment and living conditions.

As VPDF President Mme Nguyễn Thị Bình said in her closing remarks, other discussions should follow before certain conclusions could be reached and recommendations made./.





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