MISSION WELCOMES OECD INITIATIVE

UNCLAS HANOI 000107 SIPDIS SENSITIVE SIPDIS E.O. 12958: N/A TAGS: ECON PREL ETRD AORC OECD BR CH ID IN SF XC VM SUBJECT: MISSION WELCOMES OECD INITIATIVE REF: STATE 6031 ¶1. (SBU) The Embassy welcomes the opportunity for enhanced engagement in the Organization for Economic Cooperation and Development (OECD) with potential Southeast Asian partners, and looks forward to further information from the Department on this initiative. Vietnam has the goal of becoming an industrialized country by 2020. Thus, the endorsement of the Meeting of the Council at Ministerial level (MCM) to give priority attention to Southeast Asia, "with a view to identifying countries for possible membership" should fit well with Vietnam's economic goals. Moreover, the OECD is currently working with Vietnam on a Policy Framework Investment (PFI) assessment, with plans for a presentation of the report at the OECD in a couple of months. MICHALAK 1