(VOVworld) - An international conference called Vietnam Forum 2016 was held for the first time in Singapore to review and examine how Doi Moi renewal policy has changed Vietnam over the past 30 years and its national and regional implications.

The two-day meeting brought together scholars from around the world, representatives of several embassies, and international correspondents. Tan Chin Tiong, the Director of the Institute of Southeast Asian Studies (ISEAS), said Vietnam has made many important achievements over the past 30 years but is also facing challenges that are how to maintain the results for future growth. Economists discussed the development of private businesses in Vietnam and the changes of state-owned enterprises. They agreed that Vietnam needs to boost the growth of the private sector and the reform of the state sector to turn it into a pivotal factor to the national economy toward sustainable development.