ECONOMIC DEVELOPMENT

ECONOMIC DEVELOPMENT

1) Võ Quang Khải2) Trần Nguyên Phúc3) Trần Nguyễn Quỳnh Khanh4) Nhữ Duy Tùng5) Lê Trung Hoàng Quân

Key points

Basic and usual measures of economics

Human Development Index

Millennium Development Goals of UN

Achievements of Vietnam compare to those goals

Basic measures of an economic Gross Domestic Production (GDP)

Gross Domestic Production per capita

Gross National Income (GNI)

Economic Structure

GDP

GDP growth rate of Vietnam

GDP per capita

Gross National Income

Vietnam : $ 44.5 bil.

Economy Structure

But it’s not enough !!!!

The development, should be thought also in term of

people’s health, education, housing conditions, security, civil

rights and so on.

Ah ha….couldn’t agree more with you Mr.Dzung!!!!

Human Development Index (HDI)

• Was established by United Nations Development Program (UNDP)

• Including three dimensions of human welfare:1. Income (GDP)2. Education ( tỉ lệ biết chữ, tỉ lệ đi học)3. Health ( average year of life)

How to calculate HDI ? Will discuss at the end of the class

HDI of Vietnam• Vietnam HDI in 2008is 0.572, number 113 on

169 countries counted.

• Who has the highest HDI ????

NORWAY!!!!!!!!

UN MILLENNIUM GOAL1. Eradicate extreme poverty and hunger2. Achieve universal primary education3. Promote gender equality and empower women4. Reduce child mortality5. Improve maternal health6. Combat HIV/AIDS, malaria and other diseases7. Ensure environmental sustainability8. Develop global partnerships for development

HAVE VIETNAM ACHIEVED

THE MILLENNIUM

GOAL ???

Eradicate extreme poverty and hungerACHIEVEMENT• Poverty:

1990-2008: decrease 75%

• Hunger: 1993-2008: decrease 2/3

CHALLENGE•Minority still live under poverty standard•New form of poverty•Complex solution to solve poverty that involve not only family income but also monetary policy

Achieve universal primary educationACHIEVEMENT• In 2009:-Number of children register for primary

education: 97%-Number of children finish 5 year

primary education: 88.5%• Smaller education gaps between rural

and central area

CHALLENGE•Budget and investment in education still make no significant improvement in enhancing the education system

Promote gender equality and empower women

ACHIEVEMENT• Create equal opportunity for

both male and female to achieve primary and secondary education

Ex: Proportion of female student in:-Primary education: 48.2%-Secondary education: 49.1%• Percentage of women in

government: 25.8%

CHALLENGE•Gender discrimination•Career Opportunities•Violence

Reduce child mortality

ACHIEVEMENT• 1990-2006: child

mortality decreases 50%

CHALLENGE•Education about child and health care

Improve maternal healthACHIEVEMENT• 1990-2009: Maternal Mortality

rate (MMR) decreases from 233 to 69 among 100000 cases

• Improvement in education for young parents about family program, laws and regulation, mother & child care program

CHALLENGE•There are signs that MMR increases again from 2006-2009

Combat HIV/AIDS, malaria and other diseases

ACHIVEMENT• HIV infected in 2010 is

0.28% of population• Improvement in

treatment center and virus control service (cover 53,7% in total urban area)

• Successfully prevent SARS, H5N1 and H1N1

CHALLENGE•HIV infection rate still increase•Need more laws and policy and plan to control HIV

Ensure environmental sustainabilityACHIEVEMENT• Forest coverage:

increase from 27,8% (1990) to 40% (2010)

• 83% of people in rural area have fresh water

• Education about environment

CHALLENGE•Fresh water problem •Climate Change

Develop global partnerships for developmentACHIEVEMENT• Join WTO• Cooperation with ASEAN

countries• Make use of FDI and ODA

from EU US and JapanCHALLENGE•Create more opportunities for cooperation with countries around the world•Trade balance

HEADING TO THE FUTURE

ECONOMIC DEVELOPMENT GOAL OF VIETNAM 2011-2020

ECONOMY•Growth in GDP per capita: 7% - 8%, around 3000 – 3200 USD•Stabilize macroeconomic with controlled inflation and unemployment rate•Re-arrange economics sector with 85% GDP comes from Industrial and Service sector•Urbanization growth over 45%

PEOPLE & SOCIETY

ENVIROMENT

• Generally reach high level in HDI•Stabilize population growth at 1.1%• Average Life Expectancy: 75 •Reduction in extreme poverty: 2% - 3% /year•Enhancing education system•Preserve and bring Vietnamese culture to the world•Ensure every citizen understand and follow the laws

• Increase forest coverage to 45%• Ensure adequate fresh water supply for agriculture and people’s living• All manufacturing firm must install chemical treatment technology

Summary

To estimate exactly the economic development, we need to base on at least these criteria:

1. Education2. Health3. Income

HDI is a good indicator to estimate the economic

development

Vietnam is developing fast and reaching goals of UN.

Though there are still many challenges but we are on

the right way.

Yeah yeah….glad to see you guys

don’t fall like the Soviet Union! Way to go my

friend

If you need some AK47 to shut US up…just tell us (joking haha!!!)

REFERENCE

Wikipedia

General statistic Office

Unicef

Nation Master

Google

THANK YOU FOR

YOUR ATTENTION