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Vietnam Party unit offers prizes of up to $46,000 for economic policy proposals

Thursday, May 14, 2015, 16:28 GMT+7
Vietnam Party unit offers prizes of up to $46,000 for economic policy proposals
This file photo shows workers at a garment enterprise in Vietnam.

Vietnam's Party Committee of the Central Business Bloc has offered a prize of up to $46,000 to proposers of new policies that help foster the development of enterprises and the national economy.

The prizes were introduced on Tuesday as part of the campaign to look for proposals to renovate current policies and mechanisms to create new momentum for the development of businesses and the whole economy, said Bui Van Cuong, secretary of the Party Committee, which is under the Central Executive Committee of the Communist Party of Vietnam (CPV).

Awards include a special prize of VND1 billion ($46,000), along with a Cup and a certificate of merit; a first prize of VND300 million ($13,800); three second prizes of VND100 million ($4,600) each; five third prizes of VND30 million ($1,380); and 40 consolation prizes of VND5 million ($230). Competing proposals should focus on the following fields: renovation of macroeconomic policies toward sustainable development of national and local economies; policies to help Vietnam develop into an industrialized and modernized country soon; measures to improve the structures of a market economy; and policies to boost productivity and product quality. People can also give suggestions to help enhance the country’s competitiveness in international economic integration and to improve transparency, publicity and efficacy in economic management.  Also included in the topics for proposals should be specific financial and business measures intended to boost the operating efficiency, competitiveness, productivity of state-owned groups, companies and commercial banks. Proposers can send their ideas to the Party Committee of the Central Business Bloc at 381 Doi Can Street, Ba Dinh District, Hanoi, before November 30, 2015. Details of the campaign are available on the website of the Party Committee at doanhnghieptrunguong.vn. The winning proposals will be considered, summarized and reported to the Central Executive Committee, the Politburo, and the Secretariat of the CPV Central Committee for consideration for practical application.

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