The Ministry of Foreign Affairs held an online conference on July 3 on promoting the implementation of economic diplomacy for socio-economic development over the second half of 2023, attended by Prime Minister Pham Minh Chinh, Deputy Prime Minister Tran Luu Quang, and Minister of Foreign Affairs Bui Thanh Son, among other senior officials, according to a report from the Government News.
Bringing together participants from many ministries, central agencies, and Vietnam’s 94 overseas representative offices, the conference was focused on the recent implementation of the Party Central Committee Secretariat’s Directive No. 15-CT/TW dated August 8, 2022, on economic diplomacy for national development by 2030, and the Government’s Action Program on implementing the Directive. Economic diplomacy has made active and effective contributions to boosting the country’s economic development, especially its trade activities, further promoting bilateral and multilateral trade relations between Vietnam and its international partners.
Addressing the conference, Prime Minister Chinh praised the close coordination of the Ministry of Foreign Affairs and representative offices with other ministries, sectors, localities, and enterprises to actively, proactively, and effectively carry out external relations tasks, including economic diplomacy.
He recommended that participants focus on discussing specific solutions to boost growth drivers through attracting high-quality investment, diversify markets, products, and supply chains, fully tap traditional markets and expand potential markets, accelerate the signing of free trade agreements (FTAs), and promote Vietnamese goods in Halal markets.
The Prime Minister also highlighted the importance of connecting cities and provinces, overseas representative agencies, and businesses to make the most of every opportunity and demonstrate the highest sense of responsibility for the sake of the nation and its development and the happiness of its people.
He called for greater common effort from ministries, sectors, localities, and businesses to successfully take on six “headwinds” that are currently hindering economic growth in Vietnam and the world as a whole.
The six headwinds, he explained, are global economic recession and rising inflation; the prolonged consequences of the Covid-19 pandemic on the global economy; geostrategic competition, protectionism, separation, fragmentation, and lack of cohesion; conflicts that threaten global food and energy security; developing countries being hardest hit and having limited capacity to adapt to and withstand external shocks; and increasingly complicated and unpredictable climate change, natural disasters, and epidemics.
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