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VietNamNews

Seminar examines industrialised Asia

Update: March, 14/2013 - 10:46

HA NOI (VNS)— Viet Nam should take advantage of new opportunities offered by Japan and make its industries more competitive before free trade agreements are fully implemented, urged Professor Tran Van Tho from Japan's Waseda University at a seminar in Ha Noi on Tuesday.

The seminar, which focused on economic development in Japan and other Asian countries, sought to provide researchers and businesspeople with information that would help the country integrate into the world economy, according to Dr. Vo Dai Luoc, General Director of the Viet Nam Asia-Pacific Economic Centre (VAPEC), which organised the event.

Professor Harada Yutaka, also from Waseda University, analysed the impact of credit policies on Japan's stagnant economy.

Meanwhile, Professor Tho described the multi-layered process of industrialization in Asia. Led by Japan, the process also involved South Korea, Malaysia, Thailand, China and Viet Nam in that order.

The countries lagging behind could well catch up with - or surpass - the current leaders, he said, making East Asia the world's major industrial centre.

He also advised Viet Nam to take into account FDI policies as well as the improving infrastructure and administrative reform procedures in other Asian countries. — VNS


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