SECTION A: Project Profile
Project number & title:
EC 04-2013A, Implementing Viet Nam’s ANSSR APEC - Seminar on
Sharing Experiences in Developing and Implementing New Growth
Paradigm
Project time period:
Committee / WG /
Fora:
Project Overseer
Name /
Organization /
Economy:
April 2013
Economic Committee
Date submitted:
18 th July 2014
Vu Lien Huong (Ms), Multilateral Trade Policy Department, Ministry of
Industry and Trade, Viet Nam
SECTION B: Project report and reflection
1. Project description:
The APEC Seminar on Sharing Experiences in Developing and Implementing New Growth Paradigm aims at the following objectives:
 To provide participants with understanding on the development of “new growth” paradigms in several APEC member economies;
 To share valuable experiences, especially, the achievements and challenges, in implementing “new growth” paradigms in APEC member economies;
 To provide opportunities of networking for policy-makers, regulators, officials and interested stakeholders who are responsible for and interested in developing and implementing “new growth” paradigms in APEC member economies.
2. Meeting objectives:
The Seminar was successful in achieving all of its objectives. At the project evaluation forms, all Seminar participants commented that they had a good opportunity to enhance their knowledge on the development of “new growth” paradigms in several APEC member economies. They also recognized that the Seminar is a valuable opportunity to share experiences in implementing “new growth” paradigms in APEC member economies as well as to network among policy-makers, regulators, officials and interested stakeholders who are res ponsible for and interested in developing and implementing “new growth” paradigms in APEC member economies.
3. Evaluation:
Evaluation of the Seminar is made in form of the evaluation form, which the participants put their comments in and returned to the Organizers by the end of the Seminar. Comments are incorporated in the Project Summary Report. Evaluation form is attached as Appendice of this Project Completion
Report.
4. Output indicators:
.
Indicators
(Edit or Insert rows as needed)
# workshops / events
# planned
1
# actual
1
Details or notes
# participants (M/F)
80 115
# economies attending N/A 11
1

# speakers engaged
# other organizations engaged
# publications distributed
# recommendations agreed on
Other:
8
N/A
N/A
N/A
15
3
N/A
9
5. Outcomes:
The APEC Seminar on Seminar on Sharing Experiences in Developing and Implementing New Growth
Paradigm included 2 days for presentations and discussions on new growth paradigm and potential future activities of APEC relating to this topic. The last session (recommendations for future activities) was overwhelmed with active discussions of all speakers and participants who all had an opportunity to share what they can take away from the Seminar as well as to suggest potential APEC activities related to new growth paradigm or other EC activities (EC: APEC Economic Committee). Overall, the Seminar achieved its main objectives as described in the project proposal. Moreover, all participants considered this as a valuable chance for networking among experts in the field of developing and implementing new growth paradigm within and outside the APEC region.
Based on the Workshop’s presentations, discussions and recommendations, the Organizers hope that the Workshop participants can enhance their awareness and knowledge on new growth paradigms. It is also expected that based on the knowledge and lessons withdrawn from the Workshop, the Workshop participants will raise useful suggestions in policy and practices once getting back to their home economies or organizations. In addition, the Organizers hope that more knowledgeable policy makers after the Workshop will be better placed to develop and implement policies and practices with regard to new growth paradigms.
In addition, the Seminar material may be used as a reference tools for economies in future Seminars in their home economies.
6. Participants (compulsory for events): Attached as Appendice
Comments: The Organizers sent information on the Seminar to all EC contact points and asked these contact points to circulate information within their home economies.
7. Key findings:
Seminar ’s speakers, moderators and participants shared their achievements after attending the
Seminar, including but not limited to: (i) New growth paradigm is a controversial concept; (ii) Important elements to new growth paradigms (structural policy, structural reform, productivity growth, institutional capacity of implementation of policies, etc.); (iii) Structural reforms in areas like healthcare, science, education, economic integration, energy etc; (iv) Challenges to new growth paradigms (education, health, corruption, environment, climate change, SME development, fiscal/financial reforms, infrastructure within and between economies etc.); (v) The needs to improve infrastructure,
labour/product productivity, human capital development.
Participants also said that the Seminar had provided a great networking for policy-makers, regulators, officials and interested stakeholders who are responsible for and interested in developing and implementing “new growth” paradigms in APEC member economies.
8. Next steps: Followed up activities should focus on following elements
Follow-up activities should consider the following topics:
 Studies/ Seminar on growth indicators;
2

 Cascading the new growth paradigm dealing with inequality, bureaucracy reform and border areas;
 Discussions on distributed growth, to various groups of people in and across an economy.
Follow-up Seminar(s) should consider the following topics:
 Innovation economy development;
 Main principles of macro-economic forecasting in the knowledge-based economy;
 Integration and connectivity issues;
 Green growth and future development of APEC;
 Reform experiences and factor productivity;
 Integration between fiscal/monetary/financial policies with a productive policy; the link between policies and environment.
9. Feedback for the Secretariat: Do you have suggestions for more effective support by
APEC fora or the Secretariat? Any assessment of consultants, experts or other stakeholders to
share? The Secretariat examines feedback trends to identify ways to improve our systems.
We would like to thank the APEC Secretariat, in particular Ms Yoo Myung-hee (Program Director) and
Ms Margarette Rose Romero, and Ms Joan Alberto (Program Executives) for their kind help and enthusiasm in implementing this project.
SECTION C: Budget
Attach a detailed breakdown of the APEC- provided project budget, including:

Planned costs:

Actual expenditures:
No. Item Description
1. Expert's Honorarium
2.
3.
Simultaneous interpretation fees
Direct labour / Contractor
(clerical, secteraries, consultants)
4. Per Diem -
Speakers/Experts
5. Per Diem- Participants
Budget
4,000
1,800
30,700
4,920
Actual
2,500
1,800
30,700
4,756
Balance
1,500 Only 5 speakers are eligible for honorarium
(planned: 8 speakers)
0
0
164.00
Variance Notes
12,300 4,920 7,380 Only 10 participants come from 20 travel eligible participants planned
25,600 11,898.85 13,701.15 Variance of airfare
7
6. Airfare -
Speakers/Experts
Airfare -Participants
8
9
10
Photocopying
Communication
Hosting
37,100.00 9,005.74 28,094.26 Only for 10 participants from 20 travel eligible
3,000.00
1,000.00
6,000.00
2,970.00
990.00
6,000.00 participants planned, and
30.00
variance of airfare
10.00
0
3

Component Total
Project Total 126,420 75,540.59 50,879.41

Variance notes: An explanation of any budget line under- or over-spent by 20% or more.
SECTION D: Appendices
Please attach the following documentation to the report as required. Note that the participant contact list is a mandatory requirement for all Project completion reports .
 Appendices Notes v v v v
Participant contact list : contact info, gender, job titles ( mandatory)
Experts / consultants list : contact info, job titles, roles, gender
Event Agenda
Reports, websites or resources created: links or soft copies
Post activity survey or other evaluation data (raw and/or aggregated)
Other information or resources
FOR APEC SECRETARIAT USE ONLYAPEC comments: Were APEC project guidelines followed? Could the project have been managed more effectively or easily by the PO?
4

APPENDICE 1 – LIST OF PARTICIPANTS
No Economy
1 Viet Nam
2 Viet Nam
3 Viet Nam
4 Viet Nam
6 Viet Nam
7 Viet Nam
8 Viet Nam
9 Viet Nam
10 Viet Nam
11 Viet Nam
12 Viet Nam
13 Viet Nam
14 Viet Nam
15 Viet Nam
16 Viet Nam
17 Viet Nam
18 Viet Nam
19 Viet Nam
Pham Thi Thu
Hang
Tung
Name
Luong Minh Huan
Cao Bao Anh
TRAN Quang
NGUYEN Tan
Truong Son
Nguyen Thi Xuan
Thuy
Nguyen Thanh
Long
Pham Anh Thu
Pham Huu Duc
Duc
Tran Hoang Long
Tran Quang
Tuyen
Pham Linh
Do Xuan Ha
Nguyen Van
Luyen
Nguyen Hoang
Long
Nguyen Hoang
Viet
Nguyen Quang
Thai
Designation
General
Secretary
Official
Senior Official
Deputy Head of
Division
5 Viet Nam DOAN Ngoc Dung
Deputy Head of
Division
Official
Official
Official
Principal
Vice Principal
Nguyen Hong Son Principal
Lecturer
Official
Head
Director
Vice Principal
General
Secretary
Organization e-mail address
Viet Nam Chamber of Commerce and
Industry
Viet Nam Chamber of Commerce and
Industry
Department of Heavy
Industries/ MOIT
Department of Africa,
Western Asia,
Southern Asia,
Ministry of Industry and Trade
Agency of Export and Import, Ministry of Industry and Trade
Asia-Pacific Market
Department
Industrial Policy and
Strategy Institute
NCIEC huanlm@vcci.com.vn huanlm@vcci.com.vn anhcb@moit.gov.vn
TungTQ@moit.gov.vn
DungDN@moit.gov.vn
Sonntt@moit.gov.vn
thuyntx.ipsi@moit.gov.vn thanhlongvn@gmail.com
Agency of Foreign
Investment/ Ministry of Planning and
Investment
University of
Economics,
Technique and
Industry
University of
Economics,
Technique and
Industry
VNU University of
Economics and
Business Cell
VNU University of
Economics and
Business Cell
Viet Nam Chamber of Commerce and
Industry
Agency of Regional
Industries
Development (ARID)
Agency of Regional
Industries
Development (ARID)
Viet Nam Commerce
University
Viet Nam Commerce
University
Viet Nam Association of Science and
Economics phamanhthu@mpi.gov.vn phdduc@uneti.edu.vn
thlong@uneti.edu.vn
nhson@vnu.edu.vn
tuyentranquang1973@g mail.com
LinhP@vcci.com.vn
tin@vcu.edu.vn
nhviet@vcu.edu.vn thai.nguyenquang@gmail
.com
5

No Economy Name Designation Organization e-mail address
20 Viet Nam Hoang Van Luan
Viet Nam National
University dinhtv2008@gmail.com
21 Viet Nam
22 Viet Nam
Bui Thanh Nam
Nguyen Thi Kim
Chi
Viet Nam National
University
Viet Nam National
University dinhtv2008@gmail.com dinhtv2008@gmail.com
23 Viet Nam
24 Viet Nam
25 Viet Nam
26 Viet Nam
Nguyen Duc Nam
Tran Duc Vien
Pham Bao Duong
27 Viet Nam Pham Thanh Long Deputy Director
28 Viet Nam
29 Viet Nam
30 Viet Nam
31 Viet Nam
32 Viet Nam
33 Viet Nam
34 Viet Nam
35 Viet Nam
41 Viet Nam
42 Viet Nam
43 Viet Nam
44 Viet Nam
45 Viet Nam
46 Viet Nam
Pham Thi Le
Nhung
Trinh Hoai Nam
Bui Thi Ly
Nguyen Thu Hang
Vu Minh Phuong
Do Ngoc Kien
Le Mai Anh
Tran Van Tu
Luong Minh Viet
Nguyen Thi Hanh
Do Duy Khanh
Vu Lien Huong
Nguyen Thi Duy
Ly
Head
Deputy Dean
36 Viet Nam
Nguyen Hong
Trang
Lecturer
37 Viet Nam Pham Thi Hai Yen Official
38 Viet Nam Nguyen Anh Tuan Official
39 Viet Nam Pham Quynh Mai
Deputy Director
General
40 Viet Nam Bui Hong Duong Director
Truong Van Phuoc Vice President
Pham Chi Lan
Chief Office cum
HR Manager
Principal
Official
Lecturer
Lecturer
Lecturer
Lecturer
Official
Director
Official
Official
Deputy Director
Official
Senior Advisor to the Prime
Minister
Nam.nd@iec.org.vn
Hanoi University of
Agriculture
Hanoi University of
Agriculture
E-Industry and Trade
Magazine
Hanoi Industrial and
Trade Agency
Hanoi People
Committee
Foreign Trade
University
Foreign Trade
University
Foreign Trade
University
Foreign Trade
University
CIEM tdvien@hua.edu.vn pbduong@hua.edu.vn nhungpl@moit.gov.vn; lenhung2003@gmail.com longscthn@yahoo.com
trinhhoainam_ vpubtp@hanoi.gov.vn khuongduy.ftu@gmail.co
m khuongduy.ftu@gmail.co
m khuongduy.ftu@gmail.co
m khuongduy.ftu@gmail.co
m lemaianh@mpi.gov.vn
Viet Nam General
Confederation of
Labour
Academy of
Administration
Academy of
Administration tranvantutld@gmail.com luongminhviet215k2@gm ail.com
nguyen.trang820@gmail.
com
WTO Division/MOIT
WTO Division/MOIT
Ministry of Industry and Trade
Ministry of Industry and Trade
Ministry of Industry and Trade
Ministry of Industry and Trade
Ministry of Industry and Trade
Ministry of Industry and Trade
National Financial
Supervision
Committee
Viet Nam’s Chamber of Commerce and
Industry, VCCI
6

No Economy Name
47 Viet Nam
49 Viet Nam
50 Viet Nam
51 Viet Nam
52 Peru
Le Xuan Sang
Director for
Macro-economic
Policies
48 Viet Nam Luong Hoang Thai Director General
Pham Hong
Chuong
Pham The Anh
Dang Sy Dung
Luis Tsuboyama
Deputy Director
General
Central Institute for
Economic
Management,
Ministry of Planning and Investment
Ministry of Industry and Trade
National Economics
University
National Economics
University
Ministry of Labour,
Invalids and Social
Affairs
Peruvian Embassy to
Viet Nam thanhlan@neu.edu.vn thanhlan@neu.edu.vn huongbow@gmail.com; huong.ptl@icdmolisa.gov.vn
53 Indonesia
Nara Masista
Rakhmatia
54 Indonesia Willa Nurul Utami
Head of Section of Asia Pacific and Africa Intraregional cooperation
Functional Staff of Asia Pacific and Africa Intraregional cooperation
Ministry of Foreign
Affairs
Ministry of Foreign
Affairs
55
Brunei
Darussala m
Hazwan
Kamarulzaman
Economic
Officer
Department of
Economic Planning and Development
Asnawi Kamis
Designation
Senior
Economist
Organization
Department of
Economic Planning and Development e-mail address
56
Brunei
Darussala m
57
World
Bank
58
OECD
Sandeep Mahajan Lead Economist World Bank
Fernando Urutia Ambassador
Kensuke Tanaka Project Manager and Economist
Ambassador of Chile to Viet Nam
Asia Division, OECD kensuke.tanaka@oecd.or
g;
59
60
Inter-
American
Developm ent Bank
(IADB)
Toru Shikibu IDB Outreach and partnerships principal specialist
Inter-American
Development Bank
(IADB) elisabeth.turner@oecd.or
g; torus@iadb.org; akikot@iadb.org;
7

No Economy
Korea
61
62
63
64
65
66
67
Japan
China
Thailand
Australia
Thailand
Viet Nam
Name
Hosono Akio
Li Kunwang
Sitanon
Jesdapipat
Nigel Finch
Ms. Sumitra
POOLTONG
Pham Chi Lan
Designation
Chung Suh-Yong Professor
Organization e-mail address
Division of
International Studies,
Korea University mahlerchung@yahoo.co
m; mahlerchung@gmail.com
;
Japan International
Cooperation Agency
(JICA) hosono.akio@jica.go.jp; honda-ami@jica.go.jp;
Senior
Research
Advisor
Professor Nankai University,
China
Rangsit University,
Thailand likunwang@nankai.edu.c
n; jsitanon@gmail.com; Vice Dean for
International
Affairs, College of Social
Innovation
Professor University of Sydney
Business School,
Australia nigel.finch@sydney.edu.
au
Strategic
Planning Expert/
(Plan and Policy
Analyst; Expert
Level)
Office of the National
Economic and Social
Development Board
(NESDB)
Senior Advisor to Prime
Minister sumitra@nesdb.go.th
Lan.p9603@gmail.com
68
69
Indonesia Bobby Hamzar
Rafinus
Indonesia Gunawan Setiyaji Head of
Government
Budgetary
Planning
Assistant
Deputy for State
Owned
Enterprises
Coordinating Ministry for Economic Affairs tudeputi1@gmail.com
Fisca Policy, Ministry of Finance gsetiyaji@gmail.com
70
Malaysia Peter Cheah Hee
Keong
71
Papua
New
Guinea
72
Peru
Roddie Wada
Luis Pacheco
Principal
Assitant Director
Ministry of
International Trade and Industry
Assistant
Secretary
Coordinator of
Doctorate
Department of
Treasury
National San Marcos
University cheah@miti.gov.my
roddie_wada@treasury.g
ov.pg
Lpacheco2006@gmail.co
m
8

No Economy
73
Russia
74
Russia
Name Designation Organization e-mail address
Alexandra
Veselova
Studies in Social
Sciences
Evgeny Zhevnov Leading specialist-expert of the
Macroeconomic forecast
Department
Ministry of Economic
Development
Consultant Ministry of Economic
Development
Thailand
75
Napaschon
THONGSOMJIT
Macroeconomic
Model Expert
Office of the National
Economic and Social
Development Board
(NESDB) napaschon@nesdb.go.th
76
Thailand Ms. Orachat
SUNGKHAMANE
E
Plan and Policy
Analyst
Office of the National and Social
Development Board
(NESDB) orachat@nesdb.go.th
Thailand Worajit Setthapun Acting Director
77
79
80
81
9

APPENDICE 2 - LIST OF EXPERT/ CONSULTANT
Consultant:
Address
Phone
Email
Position:
Mrs. Ngo Thi Chi Thanh
#1, Lane 33, Tan Ap Street, Ba Dinh District, Ha Noi, Viet Nam
84-946-905-932
Ngochithanh1511@gmail.com
Consultant for the APEC Project EC 042013A Implementing Viet Nam’s
ANSSR – APEC Seminar on Sharing Experiences in Developing and
Implementing New Growth Paradigm
November 27 - 28, 2013, Ha Noi, Viet Nam
Scope of Work
Work coverage includes:

Developing an overall working plan, including detailed work needed to be done to implement the project;

Collaborating with the Organizing Committee to develop the agenda of the Seminar with updates and revisions if necessary;

Arranging logistics arrangements for the organization of the Seminar (including the preparation of the General Information, the Seminar’s venue);

Preparing and collect all evaluation forms and evaluation report etc, including the evaluation form for speakers and participants to fill in at the end of the Seminar (2 nd day);

Identifying possible issues expected to be discussed at the Seminar;

Inviting, identifying and allocating roles for moderators to conduct agenda of the Seminar;

Recommending appropriate speakers and undertake necessary procedures to invite appropriate speakers to attend the Seminar;

Facilitating networking of speakers and involved organizations;

Suggesting and inviting Vietnamese speakers who are at senior-level to make presentations/ discussions at the Seminar;

Inviting Vietnamese participants, including policy makers and academic representatives, to attend the Seminar (with prior discussions with the Project Overseer);

Producing recommendations on the best way to implement the project and preparing a summary report of the Seminar’s outcomes;

Compiling materials received before and during the Seminar;
Helping the Project Overseer upon her request relating the content of the project as well as the organizational work of the project
10

APPENDICE 3 – AGENDA
PROGRAM OF ACTIVITIES
APEC Seminar on Sharing Experiences in Developing and Implementing
New Growth Paradigm
27 th and 28 th November, 2013
Time
Pullman hotel, Ha Noi, Viet Nam
Content
Day 1: 27 th November 2013
08.30
09.00
– 09.00
– 09.15
Registration
Opening speech
H.E.Mr Nguyen Cam Tu, Vice Minister of Industry and Trade, S.R of Viet Nam
Moderator:
Dr. Nigel Finch, Associate Professor, University of Sydney Business School, Australia
09.15 – 09.45 Session 1: Overview on new growth paradigm - The importance and necessity of applying it in the Asia – Pacific region, in the new environment of economic integration
Speaker:
Mr Kensuke Tanaka, Head of Asia Desk, OECD Development Centre
09.45 – 10.00
10.00 – 10.30
Discussions
Coffee Break
Moderator:
10.30 – 11.15
Mr Kensuke Tanaka, Head of Asia Division, OECD Development Centre
Session 2: New growth paradigms – the multilateral/ regional perspectives
11.15
11.30
– 11.30
– 12.15
Speakers:
1/ Mr Toru Shikibu, Representative in Asia, Inter-American Development Bank
(IDB)
2/ Mr Sandeep Mahajan, Lead Economist, World Bank
Discussions
Session 3: New growth paradigms – the academic perspectives
Speakers:
1/ Professor Chung Suh-Yong, Division of International Studies, Korea
University
2/ Dr. Nigel Finch, Associate Professor, University of Sydney Business
12.15 – 12.30
12.30 – 14.00
School, Australia
Discussions
Lunch
Moderator:
Mr Luong Hoang Thai,
Director General, Multilateral Trade Policy Department, Ministry of Industry and Trade, Viet Nam –
Viet Nam’s Senior Official to APEC
14.00 – 14.45 Session 4: The challenges of implementing new growth paradigms in the international economic integration and sustainable development of
APEC economies
Speakers:
1/ Dr. Hosono Akio, Senior Research Advisor, JICA Research Institute (former
JICA Director)
2/ Dr. Sitanon Jesdapipat, Associate Professor, Vice Dean for International
Affairs, College of Social Innovation, Rangsit University, Thailand
11

14.45
15.00
15.30
– 15.00
– 15.30
– 16.30
16.30 – 17.30
19.00 – 21.00
Discussions
Coffee Break
Session 5: Implementing Viet Nam’s ANSSR and new growth paradigm
The necessity to shift its growth paradigm;
Challenges and opportunities;
Recommended steps to be taken.
Speakers:
1/ Dr. Truong Van Phuoc, Vice President, National Financial Supervision
Committee, Viet Nam
2/ Mdm Pham Chi Lan, Senior Advisor to the Prime Minister, Viet Nam (former
Vice President, Viet Nam’s Chamber of Commerce and Industry, VCCI)
2/ Dr. Le Xuan Sang, Director for Macro-economic Policies, Central Institute for Economic Management, Ministry of Planning and Investment, Viet Nam
Discussion and Wrap up of Day 1
Welcome Dinner (hosted by Ministry of Industry and Trade, Viet Nam). Free shuttle bus to Dinner venue to be provided by the Organizers
Venue: Ha Noi hotel, D8 Giang Vo street, Ha Noi
End of Day 1
12

09.00 – 10.30
Day 2: 28 th November 2013
Moderator:
Dr Worajit Setthapun,
Acting Director, Asian Development Institute for Community Economy and Technology, Chiang Mai
Rajabhat University, Thailand
Session 6: Case studies of developing and implementing new growth
paradigms in APEC economies
Speakers:
1/ H.E. Mr Fernando Urutia, Ambassador of Chile to Viet Nam
10.30
10.45
– 10.45
– 11.15
11.15 – 11.45
2/ Professor Kunwang Li, Nankai University, China
3/ Ms. Sumitra Pooltong, Strategic Planning Expert, Office of the National
Economic and Social Development Board (NESDB), Thailand
Discussions
Coffee Break
11.45 – 12.00
12.00 - 13.30
13.30 – 18.00
Session 7: Recommendations on further activities to effectively implement new growth paradigms in APEC economies
Wrap – up and Conclusion:
Ms Pham Quynh Mai, Deputy Director General, Multilateral Trade Policy
Department, Ministry of Industry and Trade, Viet Nam
Lunch
Excursion tour to Van Phuc silk village (Ha Dong District, Ha Noi) – Free shuttle bus provided by the Ministry of Industry and Trade of Viet Nam
THE END
13

APPENDICE 4 – SUMMARY REPORT
I. Introduction
On November 27 th – 29 th , 2013, the APEC Seminar on Sharing Experiences in Developing and
Implementing New Growth Paradigm, initiated by Viet Nam and co-sponsored by Indonesia, Korea and
Russia, was held in Ha Noi, Viet Nam. The 15 speakers and 100 other participants in the Seminar included representatives from 11 APEC member economies (Australia, Brunei Darussalam, Chile,
China, Indonesia, Japan, Korea, Malaysia, Peru, Thailand, Viet Nam) and 3 international organizations
(WB – World Bank, OECD – the Organization for Economic Co-operation and Development, IADB –
Inter-American Development Bank), as well as from the business community, industry and academia.
The Seminar was targeted to provide participants with understanding on the development of “new growth” paradigms in several APEC economies. It aimed also at sharing experiences, especially achievements and challenges, in implementing “new growth” paradigms in APEC member economies.
Last but not least, the Seminar provided opportunities of networking for policy-makers, regulators, officials and interested stakeholders who are responsible for and interested in developing and implementing “new growth” paradigms in APEC member economies.
II. Background
1. This project seeks to implement Leaders’ instructions in 2010 (in Yokohama, Japan) in visualizing the APEC Growth Strategy. APEC Leaders reiterated their support “for efforts to achieve strong, sustainable and balanced growth” that “can help ensure that regional growth and economic integration are sustainable and widely shared among all our populations.”
2. In addition, this project is in line with instructions of APEC Ministers in their Statement of 2012 (in
Vladivostok, Russia) which called for “capacity building and information sharing activities” among APEC economies to enhance cooperation in regulatory and other work areas under the APEC Economic
Committee. This project will also contribute to the report on APEC’s progress in promoting the APEC
Growth Strategy, which will tentatively be submitted to APEC Leaders in 2015.
3. Finally, this project is a crucial component in implementing Viet Nam’s ANSSR1 plan, as the ANSSR
Mid-term Progress Report of Viet Nam mentioned that the first direction of the domestic ANSSR plan is
“improving efficiency of market operations, shifting growth paradigm to ensure rapid and sustainable growth.”
Themes covered during the two-day event included: (i) Overview on new growth paradigm - The importance and necessity of applying it in the Asia – Pacific region, in the new environment of economic integration; (ii) Perspectives of multilateral/ regional areas on new growth paradigms; (iii) Academic perspectives on new growth paradigms; (iv) The challenges of implementing new growth paradigms in the international economic integration and sustainable development of APEC economies; (v)
Implementing Viet Nam’s ANSSR and new growth paradigm;(vi) Case studies of developing and implementing new growth paradigms in APEC economies; and (vii) Recommendations on further activities to effectively implement new growth paradigms in APEC economies.
III. Discussion
Outcomes
The APEC Seminar on Seminar on Sharing Experiences in Developing and Implementing New Growth
Paradigm included 2 days for presentations and discussions on new growth paradigm and potential future activities of APEC relating to this topic. The last session (recommendations for future activities) was overwhelmed with active discussions of all speakers and participants who all had an opportunity to share what they can take away from the Seminar as well as to suggest potential APEC activities related
14

to new growth paradigm or other EC activities (EC: APEC Economic Committee). Overall, the Seminar achieved its main objectives as described in the project proposal. Moreover, all participants considered this as a valuable chance for networking among experts in the field of developing and implementing new growth paradigm within and outside the APEC region.
Key Issues Discussed
Opening remarks
In his opening remarks, His Excellency Mr Nguyen Cam Tu (Vice Minister of Industry and Trade of
Viet Nam) , stressed the importance of the Seminar for APEC developing economies – including Viet
Nam – as in 2010 in Yokohama, Japan, APEC Leaders approved the APEC Growth Strategy, which recognized APEC’s need to enhance the quality of growth in a comprehensive and uniform approach.
During that period, a number of APEC member economies have realized it was time to change the growth paradigm, in the direction of adjusting labour force, national supplydemand, and industry’s structure, etc. to maintain high and sustainable growth. He informed that in 2009, the Government of
Vietnam had decided to convert the growth paradigm in order to achieve rapid and sustainable development. In the APEC New Strategy on Structural Reforms (ANSSR) of Vietnam, the top priority is to “improve the performance of the market economy and transform the growth paradigm to ensure rapid and sustainable development". This is also one of the main directions of the ten years Socio-Economic
Development Strategy for 2011 – 2020, approved at the 9th National Congress of Vietnam’s Communist
Party in 2011. He admitted that due to the diversity in economic development levels as well as differences in institutional and legal systems, each APEC economy will pursue their own objectives, strategies and growth paradigm. There is no one-size-fits-all solution for APEC economies. However, experience sharing in the design and implementation of a new growth paradigm in the APEC economies, particularly the sharing of difficulties and challenges in the implementation process, is the practical, proper, and necessary work at this time. He expressed hope that the information-rich presentations of speakers and active discussion among Seminar participants would offer a valuable opportunity for policy makers, academic scholars, businesses and international organizations to discuss openly and fruitfully new growth paradigms, and to suggest appropriate follow-up APEC activities.
Seminar’s sessions
Experts provided presentations on the following topics:
1/ To introduce the overview on new growth paradigm as well as the importance and necessity of applying it in the Asia – Pacific region, in the new environment of economic integration, Mr Kensuke
Tanaka (Head of Asia Desk, OECD Development Centre) gave a presentation with following content: (i) economic outlook, (ii) key macroeconomic policy challenges, (iii) key structural policy challenges, and
(iv) focus on “beyond the middle-income trap”.
Mr Tanaka reiterated that in medium term, emerging Asia remain resilient, while China will moderate gradually. In addition, domestic demand will be the major driver of growth and emerging Asia will continue to remain an attractive destination for investment. In terms of key macroeconomic policy challenges, Mr Tanaka pointed out several challenges, such as managing the spill over effects of capital flows, fostering closer economic co-operation and integration in the region, differences in capital account openness, financial volatility, narrowing development gaps, etc. Key structural policies in the region are: human capital/ education development, SME/private sector development, green growth strategy/ disaster risk management, infrastructure development, fiscal and financial reforms. In conclusion, to avoid middle-income trap, Mr Tanaka suggested that institutional capacities must be enhanced, together with closer regional integration; productivity growth must be boosted; regulatory barriers to services sector must be removed.
2/ Speakers from multilateral, regional and academic sectors provided various presentations during
Session 2 and 3, “Perspectives on New Growth Paradigm”:
 Mr Toru Shikibu (Representative, Office in Asia, Inter-American Development Bank) shared the experiences from the regional perspective. First, he introduced a snapshot of Latin America and the
Caribbean (LAC). In his views, there are 4 new drivers of integration in LAC: emerging integration architecture with multiple agendas and variable geometry; the emergence of Asia; importance of the
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private sector logic and state-driven integration; relevance of non-traditional integration costs . In conclusion, Mr Shikibu reiterated that integration is a potential engine for growth and development and new initiatives are emerging in LAC to address a more comprehensive integration agenda with strong political will. In order to deepen South-South links, Asia-Pacific is most important for LAC in terms of trade flows and FTAs2. Mr Shikibu concluded that improvements are needed in trade facilitation and physical integration infrastructure with a view towards Asia. In terms of ADB-IDB Asia-LAC South –
South cooperation initiative, he highlighted coordinated operations and trans-Pacific public goods and lessons learned and exchange of experiences.
 Mr Sandeep Mahajan (Lead Economist, World Bank) approached the issue from the views of an international organization. He gave an overview on the evolution of global and per capita GDP in the last 2,000 years. He, then, introduced the 14 economies with rapid growths and insisted that before
1950, sustained growth of seven per cent or more had never been reached, but it is possible now. Out of 14 above-mentioned economies, there are ten APEC members, including China, Hong Kong (China),
Indonesia, Japan, Korea, Malaysia, Singapore, Chinese Taipei, Thailand and Viet Nam. Mr Mahajan briefed that in order to achieve sustained, high GDP growth, there are five important attributes: leveraging globalization; macro-economic stability; future orientation; market allocation; and leadership and governance.
 Professor Suh-Yong Chung from Korea University made a presentation on low carbon green growth policy of Korea. He summarized the serious impacts of climate change, limitations of UNFCC3 regime, approached to address climate change and the necessity of moving towards low carbon green growth.
Professor Chung explained that Korea Strategy included: (i) setting the agenda; (ii) domestic institution building/ policy implementation; (iii) internationalization of policy. Regarding the internationalization of green growth policy, he stressed four important elements: leading role in establishing global green growth institute, hosting the Green Climate Fund, contributing to climate change negotiation, and bridging role between developed and developing countries.
 Dr Nigel Finch (Associate Professor of the University of Sydney, Australia) approached the issue from the academic perspectives. In an in-depth presentation, Dr Finch provided definitions of
“paradigm”, “sustainable development” etc. He noted APEC-related initiatives, such as APEC Leaders’
Growth Strategy (including five attributes of balanced, inclusive, sustainable, innovative and secured growths). He reconfirmed the important role of APEC as a forum existing to facilitate and guide regional economic endeavors for the benefit of all. Dr Finch named few success stories: consumer class of Asia, the Tigers and their successors, the expansion of financial institutions in the region etc. Looking to the future, he emphasized that the real concern is unsustainable consumption patterns of urban consumers and the labor productivity gap. Therefore, there should be a shift from manufacturing to services, in a more consumption-driven model. He concluded by listing several challenges to growth, including: continued anemic growth in the developed world, tapering combined with growing currency intervention, geopolitical risk, US fiscal negotiations, China’s weaker growth, and the risk of financial contagion, etc .
3/ Speakers from the JICA and Thailand provided 2 presentations on the topic of “The challenges of implementing new growth paradigms in the international economic integration and sustainable development of APEC econom ies”.
 Dr. Akio Hosono, Senior Research Advisor, JICA Research Institute (former JICA-RI Director) provided a comprehensive presentation with 3 main points: paradigm change in Japan, challenges of implementing new growth paradigms in the international economic integration, and challenges of implementing new growth paradigms and sustainable development. First, Dr Hosono introduced 3 arrows of Abenomics, namely bold financial (monetary) policy, flexible fiscal policy, and growth strategy that stimulates private investment. , He stressed that efforts are being made to address several challenges for the roadmap to growth, such as regulatory and institutional reform, creating women-
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friendly work environments, creating a society in which both youth and the elderly can work with vitality, developing Japan’s youth into globally competitive human resources, reviving Japan as a technologydriven nation and intellectual property based nation through an all-Japan efforts, and leaping into the world and attracting the world. Regarding challenges of implementing new growth paradigm in the international economic integration, Dr Hosono highlighted Japan’s unique positions in new scenario with
Mega FTAs (RCEP4, TPP5), in global value chain in Asia-Pacific, in Asia-Pacific and LAC economic relations, in Latin America etc. In terms of challenges of implementing new growth paradigm and sustainable development, he emphasized the rich experiences of Japan in energy efficiency and other environment related aspects and reaffirmed the Growth Strategy of Abenomics: “A society where clean and economical energy is supplied; A society where efficient distribution of energy is realized through competition; A society where energy i s consumed wisely.”
 Associate Professor Sitanon Jesdapipat from Rangsit University of Thailand outlined his presentation into 3 parts: the origin of development change, new alternative development paradigms, and challenges in implementing new paradigms. He briefed the attendees on 1997 “wake-up call” and aftermath, and consequential changes in economic integration and cooperation, whereas systematic adjustments were needed and environmental preference and governance. He then mentioned 3 emerged new paradigms: sustainable development, sufficiency economy, and green economy/ green growth. While sustainable development is considered as an old paradigm, sufficiency economy is a new development philosophy, containing three elements (moderation, reasonableness and self-immunity) and two conditions to work (knowledge and virtue). Since 2001, green economy/green growth became new trend, and the Thai government adopted UNEP’s Green Economy concept and injected large rescue package to keep Thailand’s economic pulse. Associate Professor Sitanon Jesdapipat concluded that there are challenges and opportunities ahead: institutional erosion; bureaucratic hurdle; more greed; more issues; too little, too slow adjustment in development paradigm in practices; more inclusive development. Therefore, he suggested APEC to enhance regional support through exchanges of practices and lessons, root new growth paradigm in policies, and to broaden participatory development.
4/ During the 5 th Session on “Implementing Viet Nam’s ANSSR and new growth paradigm”, there were three Vietnamese speakers sharing the necessity to shift Viet Nam’s growth paradigm, challenges and opportunity for its economy, and suggested recommendations in policies and actions.
 Dr Truong Van Phuoc, Vice Chairman, National Financial Supervisory Commission shared interesting views on “Reforms for a Sound and Healthy Financial Market with Contribution to Economic
Growth in Viet Nam.” He presented on recent financial reforms in Viet Nam. Those are: policy shifting gear, strengthening supervisory framework, restructure the credit institution system (2011-2015), stabilizing the banking sector, restructure capital markets, healthier securities and insurance sector .
Among measures to promote a stable, sound and sustainable financial market in Viet Nam, Dr Truong
Van Phuoc stressed the importance of measures to reform the regulatory and supervisory framework, including (i) reforming the supervision of the financial market, (ii) increasing prudential standards, (iii) early detection of building-up imbalances in the financial markets, (iv) effectively handling the outbreak of financial crisis. In addition, he emphasized measures to increase the soundness of individual financial institution, by improving corporate governance and increasing transparency.
 Ms Pham Chi Lan (former Senior Advisor to Prime Minister, former Vice Chairwoman of Viet
Nam’s Chamber of Commerce and Industry) , gave an indepth presentation on “New Growth Model and Structural Reforms in Viet Nam”. She explained that pillars for growth model in Viet Nam so far are capital, resource exploitation, cheap labor costs and SOEs6 . She shared information about Viet Nam’s
2011-2020 Strategy for Socio-Economic Development, which developed a new growth model for sustainable development based on effectiveness, productivity and competitiveness. Ms Pham Chi Lan outlined three pillars in this Strategy: institutional reforms towards full market system and inclusive
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development, human resource development and infrastructure development. On the other side, she also introduced Viet Nam’s 2013-2020 Comprehensive Economic Restructuring Program, which aimed at restructuring (i) investment (mainly public investment), (ii) the financial sector (mainly commercial bank),
(iii) SOEs, (iv) industries (manufacture, services, agriculture) and (v) economic regions. Toward this new growth model, she supported further work to improve of the role of the private sector, further liberalize trade, reduce barriers to internationalization, enhance competitiveness, upgrade within the value chain, improve the structure of exports etc.
 Dr Le Xuan Sang, Director of Macro-Economic Policies and Integration Studies Department,
Central Institute for Economic Management presented on institutional reform to enhance the quality of economic growth in Viet Nam. He briefed on the process of economic reform and international economic integration of Viet Nam, as well as the current situation of economic growth in Viet Nam. After analyzing the recent developments and some newlyraised issues in Viet Nam’s economy, Dr Le Xuan
Sang spoke about some key policy solutions. Those are: scheme of economic restructuring, the scheme of restructuring of SOE, public finance/investment, commercial banks, the securities market and restructuring some other industries, establishment of the Vietnam asset management company, increased Government spending for development investment, implementation of international commitments and new FTAs- negotiation, restructuring the financial system, improved securities market role, innovation of the financial market supervision, reinforcement in the effective compliance supervision, gradual shift to risk-based supervision, adoption of the international standards and assurance of the truthfulness, validity, high enforcement remedies, etc.
5/ During the 6 th Session on “Case studies of developing and implementing new growth paradigms in
APEC economies”, there were three speakers — from Chile, China and Thailand — sharing the experiences of respective APEC economies.
 His Excellency Mr Fernando Urrutia Concha, Ambassador of the Republic of Chile in Viet Nam , presented on “Growth Model and International Integration, the Case of Chile. He divided his presentation into four part s: economic growth and sustainable development, Chile’s experience, green economy, and corporate social responsibility. Mr Fernando Urrutia Concha mentioned that green economy contributes to the eradication of poverty and sustainable development. Meanwhile, corporate social responsibility also contributes to sustainable development and multinational enterprises play a huge role in economic growth, environment protection and welfare of the community. He insisted on the importance of improving cooperation and coordination of sustainable development policies and programs, the importance of a multilateral system that is effective, inclusive and transparent. What is more, he reiterated the special consideration for developing countries, as well as the importance of the exchange of information, capacity building, best practices and transfer of technologies.
 Professor Kunwang Li from Nankai University (China) gave a presentation on “Trade in Technology and Quality: What’s Special about China’s Export Upgrading?” Professor Li revealed that China’s economic growth is characterized by high investment rates, based on high saving rates, which create a huge production capacity, coupled with low labour costs to promote export-oriented economic growth.
He, however, realized that China now faced tremendous pressures and challenges. In this regard, China must seek to readjust its growth strategy in responding to the rising costs of labour, land, energy and minerals to address the issues of global imbalances, low-efficiency and over-capacity in economy.
Additionally, Professor Li explained China’s export upgrading in two dimensions: cross-product (the technological content ) and within product (quality). He proved that product quality of China’s manufactured exports was falling since 2001 while China had experienced a more rapid export growth.
He concluded that the hightech content of China’s exports was strongly dependent on foreign technology, which could not lead to quality upgrading, while China’s position in quality competition was declining. For China, the question now is to find ways of accelerating the pace of technological catchup, through which it can realize quality upgrading in production and export, and ultimately achieve more balanced growth.
 Ms. Sumitra Pooltong, Strategic Planning Expert, Office of the National Economic and Social
Development Board (NESDB), Thailand covered three main parts: (i) Overview of T hailand’s macroeconomic situation, (ii) Thailand’s Strategy: Country’s New Growth Model, and (iii) ASEAN Integration:
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Immediate measures towards AEC7 2015 . Ms. Pooltong introduced that Thailand’s New Growth Model is consisted of four pillars: Growth and competitiveness, inclusive growth, green growth, and internal process. There are eight components in the Strategy towards ASEAN Community in 2015: (1) increase competitiveness as of products, services, trade and investment; (2) improvement of quality of life and social protection; (3) infrastructure and logistics development; (4) human resources development; (5) improvement of laws, rules and regulation; (6) building awareness, understanding and realization of being ASEAN; (7) security; (8) increase urban potentiality as to link opportunity from ASEAN . For
Thailand, Ms. Pooltong added that there are 3 domestic strategies towards ASEAN, namely escaping middle income trap, innovative and creative growth; creating environmental friendliness; and reducing inequality.
IV/ Conclusion and Recommendations
1/ Seminar’s speakers, moderators and participants shared their achievements after attending the
Seminar, including but not limited to: (i) New growth paradigm is a controversial concept; (ii) Important elements to new growth paradigms (structural policy, structural reform, productivity growth, institutional capacity of implementation of policies, etc.); (iii) Structural reforms in areas like healthcare, science, education, economic integration, energy etc; (iv) Challenges to new growth paradigms (education, health, corruption, environment, climate change, SME development, fiscal/financial reforms, infrastructure within and between economies etc.); (v) The needs to improve infrastructure, labour/product productivity, human capital development.
Participants also said that the Seminar had provided a great networking opportunity for stakeholders participating in developing and implementing new growth paradigms in APEC member economies.
2/ The Seminar concluded with a discussion of possible future activities to continue this project. Few participants would like to see the continuity of this activity in the framework of connectivity and infrastructure in 2014, as it will help contributing to the ultimate outcomes of the institutional pillar of connectivity. Since new growth paradigm is a cross-cutting issue, it is essential to coordinate the relevant work among the APEC Energy Working Group, APEC Anti-Corruption and Transparency Working
Group, APEC Economic Committee, etc. It is also recommended that this project is strongly connected with inclusive and equitable growth in APEC.
For several participants, the concept of new growth paradigm started in 2009 with a number of actions to be conducted. It is high time for APEC to reform, instead of just talking around. Participants suggested
APEC to narrow its goals of work, to more serious key issues like SMEs.
Finally, APEC should improve its institutional efficiency and capacity, develop human capital, and harmonize rules and regulations, etc.
3/ Follow-up activities should consider the following topics:
 Studies/ Seminar on growth indicators;
 Cascading the new growth paradigm dealing with inequality, bureaucracy reform and border areas;
 Discussions on distributed growth, to various groups of people in and across an economy.
4/ Follow-up Seminar(s) should consider the following topics:
 Innovation economy development;
 Main principles of macro-economic forecasting in the knowledge-based economy;
7 AEC: ASEAN Economic Community
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 Integration and connectivity issues;
 Green growth and future development of APEC;
 Reform experiences and factor productivity;
 Integration between fiscal/monetary/financial policies with a productive policy; the link between policies and environment.
5/ In the Seminar’s closing remarks, Ms. Pham Quynh Mai, Deputy Director General, Ministry of Industry and Trade of Viet Nam, congratulated the speakers and participants on a very successful and productive
Seminar. She thanked the organizers, co-sponsors and distinguished speakers and participants from government, academic, business, and international organizations, for sharing their valuable experiences and invaluable insights.
First, Ms. Pham Quynh Mai reconfirmed that since there was no standard growth paradigm for all economies to apply, it is useful if APEC economies learn from each other and withdraw lessons during the implementation of their growth strategies. In her opinions, although growth paradigms could be different among economies, they all are aiming at helping the economies to perform at its highest efficiency by using all available domestic resources in a sound and sustainable manner, while taking well into account the characteristics of each economy. But, it is also important that each economy sets her realistic targets as well as measurement indictors to measure the progress and achievements.
Second , Ms. Pham Quynh Mai noted that economies can pursue different growth models, but in today’s context, there is more common understanding about the need of achieving different aspects of growth, that the growth should be balanced, inclusive, sustainable, innovative and secure. There is an increasing need to promote inclusive growth to provide equal opportunities for all different groups and individuals in the society. In addition, Ms. Pham Quynh Mai stressed that green growth should be considered as an important element of growth paradigm.
Third , she explained the reality that APEC economies are vulnerable to different kinds of shocks since they are increasingly inter-connected. Enhancing cooperation among member economies in APEC, therefore, is important to help enhance capacity for APEC members in order to become more resilient to external shocks. In that regard, Ms. Pham Quynh Mai suggested APEC to further enhance its works on structural reform and regulatory reform under the Economic Committee.
Fourth , she took note from the discussions that there are a lot of cross-cutting issues that we need to address in order to support the implementation of growth paradigm, which include human resources development, reforms of SOEs and facilitating SMEs, anti-corruption etc. For that, better coordination will be needed among all relevant APEC fora.
 Last but not least, Ms. Pham Quynh Mai expressed that this Seminar was a valuable opportunity for
Viet Nam to show our desire and efforts to pursue a new growth model for sustainable development based on effectiveness, productivity and competitiveness and to learn from APEC member economies experiences, which would be useful for Viet Nam during the implementation of its new growth paradigm.
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APPENDICE 5 – EVALUATION FORM
Please indicate your level of agreement with the statements listed in the table below.
Strongly
Agree
Agree Disagree
COMMENTS (Continue on back if necessary)
The objectives of the training were clearly defined
The project achieved its intended objectives
The agenda items and topics covered were relevant
The content was well organized and easy to follow
Gender issues were sufficiently addressed during implementation
The trainers/experts or facilitators were well prepared and knowledgeable about the topic
The materials distributed were useful
The time allotted for the training was sufficient.
1. How relevant was this project to you and your economy?
5 4 very mostly
3
somewhat
2
a little
1
not much
Explain: ___________________________________________________________________________
_________________
2. In your view what were the project’s results/achievements?
Explain: ___________________________________________________________________________
_________________
3. What new skills and knowledge did you gain from this event?
Explain: ___________________________________________________________________________
_________________
4. Rate your level of knowledge of and skills in the topic prior to participating in the event:
5 4 3 2
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1

very high high medium low very low
5. Rate your level of knowledge of and skills in the topic after participating in the event:
5 very high
4 high
3
medium
2 low
1
very low
Explain: ______________________________________________ ___________________
6. How will you apply the project’s content and knowledge gained at your workplace? Please provide examples (e.g. develop new policy initiatives, organise trainings, develop work plans/strategies, draft regulations, develop new procedures/tools etc.).
Explain: ____________________________________ ____________________________
7. What needs to be done next by APEC ? Are there plans to link the project’s outcomes to subsequent collective actions by fora or individual actions by economies?
________________________________________________
8. How could this project have been improved? Please provide comments on how to improve the project, if relevant.
________________________________________________
________________________________________________
________________________________________________
Participant information (identifying information is optional):
Name:
Organisation/Economy:
Email:
Gender: M / F
Thank you. Your evaluation is important in helping us assess this project, improve project quality and plan next steps.
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