Thursday, June 30 2016

VietNamNews

Viet Nam shares budget problems with Laos, Cambodia, Myanmar

Update: August, 18/2015 - 09:40
Budget decisions and oversight were among the subjects discussed by representatives from Viet Nam, Laos, Cambodia and Myanmar together with foreign experts at a joint workshop that opened in the central coastal city of Da Nang yesterday. — Photo vietnamplus.vn

DA NANG (VNS) — Budget decisions and oversight were among the subjects discussed by representatives from Viet Nam, Laos, Cambodia and Myanmar together with foreign experts at a joint workshop that opened in the central coastal city of Da Nang yesterday.

In his opening remarks, Head of the National Assembly's Committee for Finance and Budget Phung Quoc Hien underscored that any changes in the global economy would have huge impacts on developing countries like Viet Nam, Laos, Cambodia and Myanmar.

Viet Nam has joined the group of middle-income countries, and this had posed tremendous challenges to growth quality, productivity, competitiveness, the macro-economy and the labour market, Hien said.

In addition, development gaps and the middle-income trap remain setbacks to the nation, he said, adding that Laos, Cambodia and Myanmar could face the same challenges because they had similar economies.

The two-day workshop is a good opportunity for the four countries to share experiences in financial management, helping them adjust and complete legislative mechanisms. — VNS

Send Us Your Comments:

See also: