31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Mar 26, 2018 / 05:34

Nordic socio-economic model as good reference to Vietnam

Experience from Nordic countries in governance and economic development can be be good example for Vietnam.

That was stated in the seminar "The Socio-Economic Nordic Model - Achievements and Experiences”, organized by the Nordic Embassies in Hanoi (Denmark, Finland, Norway and Sweden) together with the Ho Chi Minh National Academy of Politics, on the occasion the Nordic Day Celebration (March 23).
The event was attended by renowned speakers from the Nordic region together with over 100 Vietnamese scholars, researchers, policy-makers, opinion leaders and other stakeholders representing the Ho Chi Minh National Academy of Politics, key ministries, institutions, business associations and civil society organisations to discuss and draw experiences and lessons learned from the Nordic region.
Overview on the seminar
Overview on the seminar
Chairing the event on behalf of the Ho Chi Minh National Academy of Politics, Assoc. Le Quoc Ly, Vice President of the Academy said: "The socio-economic model of the Nordic region has greatly achieved in terms of economic growth, in developing a social welfare system,  protection of the environment as well as  preservation and promotion of cultural values and thus be considered as good reference  to countries in the world, including Vietnam."
The Nordic countries, consisting of Denmark, Finland, Norway, Sweden, and Iceland are currently upheld as a model for good governance around the world.
Through their presentations at the Seminar, four Nordic speakers provided the audience with an overview of the Region’s history, shared experience on how the Nordic countries have worked together and trusted each other to become what they are today, and one of the distinctive features for the Nordic region’s labour market: social dialogue.

Finnish representatives speak at the event
Finnish representatives speak at the event
Speaking on behalf of the Nordic Ambassadors while opening the seminar, Ambassador of Norway Siren Gjerme Eriksen stressed that “A key aspect of the close Nordic cooperation is that we learn from each other. Something that works well in one country will often be quickly emulated in the other countries. I believe Vietnam is also open to and interested in learning from others, sharing experience. Increasingly, Vietnam can provide lessons itself”.
 “The Nordic countries differ in many ways, but we are tied together by a set of common values such as common sense, equality, transparency, trust and entrepreneurship, and through our long history of friendship and cooperation” said Danish Chargé d'affaires Christian Brix Møller.
Finnish Ambassador Kari Kahiluoto noted that “Nordic society model can be described by high level of services and equalizers from society, distribution of income through taxation and strong institutions. This model has been flexible and has proven to serve Nordic societies well. “
The Nordics have had the oldest and most di­verse forms of regional political collabora­tion for the past six decades. It is not by chance that a region with only 26 million people, which wouldn’t even make it into the top 50 of countries ranked by population, is one of the most integrated regions and the world’s 11th largest economy with a total GDP of 1416 billion USD.
The Nordic Model helps its members to share values and promote the common goals including gender equality, which “in the labour market is a hallmark for the Nordic countries, and has enabled us to become one of the most prosperous regions in the world”, said Ambassador of Norway Siren Gjerme Eriksen. Gender equality has made a significant contribution to the Nordic’s economic success. The proportion of women in work and politics is among the highest anywhere, and Nordic men hold the record in paternity leave.
Swedish Ambassador Pereric Högberg emphasized on innovation and sustainability where the Nordic strives to be a pioneer in the development of production methods that are clean, sustainable and use resources efficiently. He noted that “Goods and services must not damage the environment or health at any point in the cycle – from source to sea. We are world leaders in innovations, working together to find new, smart and bio-economic solutions. Also, transparency and access to information always have been key for Nordic success”.
As a result, Nordic countries become a group of nations managing to have well-performing economic and social indicators, and top many of the world rankings and indexes, such as Innovation, Transparency, Democracy Index, Social Progress Index, Inclusive Development Index, Energy Index, Sustainability Index… The ranking is used as evidence of the Model performance and also helps policy-makers to identify areas for improvement.
All of the four Nordic countries established diplomatic ties with Vietnam very early (Sweden: 1969, Demark and Norway: 1971, Finland: 1973). From the donor-recipient relationship, Vietnam has become a partner with the Nordic region and its member countries. Together, we all work to strengthen equality, democracy, respect for human rights, environmental protection, and inclusiveness as the foundations for the prosperity and sustainable development.