Ministry of Industry and Trade Proposing many solutions to promote international economic integration and expand export

DNHN - Minister Nguyen Hong Dien proposed several important tasks and solutions to contribute to the successful implementation of the Government's economic diplomacy action plan...

Prime Minister Pham Minh Chinh presided over a conference on the evening of March 9 to implement the Government's action plan to implement Directive 15 of the Secretariat on economic diplomacy and economic diplomacy. Prime Minister Pham Minh Chinh presided over the conference, which was held immediately after the government issued the Action Program for the period 2022-2026 to implement Directive No. 15-CT/TW dated August 10, 2022, by the Secretariat on economic diplomacy for the country's development until 2030.

Deputy Prime Minister Tran Luu Quang, Minister of Foreign Affairs Bui Thanh Son, Minister of Industry and Trade Nguyen Hong Dien, and Minister of Agriculture and Rural Development attended the conference on the bridge at the Government headquarters. Le Minh Hoan, Minister of Science and Technology Huynh Thanh Dat, and Nguyen Hoang Anh, Chairman of the Committee for State Capital Management in Enterprises.

Leaders of ministries, branches, central agencies, provinces, and cities, as well as Ambassadors, heads of representative offices, and commercial counselors in the country, attended the conference at the Government headquarters and the bridge points. outside, business association representatives.

Minister Nguyen Hong Dien, speaking at the conference, predicted that 2022 will be a year of unprecedented difficulties and challenges due to the rapid and complex development of the global economy. However, under the synchronous and decisive leadership and direction of the Leaders of the Party and State, who are frequently and directly the Government and the Prime Minister; With the timely and effective participation of the entire political system, as well as the outstanding efforts of the business community and the people of all classes, our country's economy has recovered strongly and accomplished a great deal. Significant and positive: GDP growth is the highest it has been in the past 12 years, macroeconomic stability is stable, the economy's major balances are secure, and inflation is under control.

The head of the Ministry of Industry and Trade highlighted: "In which, import and export continued to grow, setting a new record with a total turnover of more than 732.5 billion USD, up nearly 10% from the previous year; maintained. The trade surplus for the seventh consecutive year with a surplus of 11.2 billion USD (3.3 times higher than the previous year, positively contributing to the balance of payments, exchange rate stability, and other macroeconomic indicators)."

"This is a very significant result that demonstrates the effectiveness and progress of Vietnam's foreign affairs and economic diplomacy," the Minister said.

According to the Minister, the Party and State have always implemented flexible and innovative foreign policy and economic diplomacy activities, ensuring the nation's and nation's highest interests and contributing to the country's development. economy and national development With its accession to the World Trade Organization (WTO) and participation in several Free Trade Agreements (FTAs), Vietnam has made significant strides in international economic integration, becoming one of the world's leading economies. The economy plays a significant role in shaping the framework, rules, and trends of the regional and global economies; "The position and power, the national synergy, the international prestige, and the confidence of the people have been steadily bolstered, thereby laying the foundation for the construction and defense of the Fatherland."

In addition to participating in the implementation of 15 Free Trade Agreements (FTAs) covering more than 60 countries and territories, including the world's largest markets, Vietnam is promoting the negotiation of FTAs with the European Free Trade Association (EFTA, consisting of four countries: Switzerland, Norway, Ireland, and Liechtenstein) and with Israel (VIFTA). In addition, Vietnam is one of fourteen nations participating in the Indo-Pacific Economic Framework for Prosperity negotiations (IPEF). In particular, Vietnam has emerged as a regional leader in the development of multilateral economic cooperation frameworks. Therefore, according to the Minister, Vietnam will have ample room to strengthen its international economic integration and expand its export markets shortly.

Minister Nguyen Hong Dien also proposed several key tasks and solutions to contribute to the successful and comprehensive implementation of the socio-economic development plan in 2023, and to develop and effectively implement the Government's action plan on economic diplomacy at this conference. Following is:

First, continue to grasp the views, lines, and policies of the Party and State on foreign affairs to raise awareness of the position, role, and significance of economic diplomacy; thereby renewing and improving the quality of institutional work on international economic integration, ensuring compliance with Vietnam's commitments to partners and international practices; concurrently, focus on regularly reviewing and evaluating the implementation of resolutions, stipulations, and international practices. future international economic integration.

Second, promote the effective implementation of international commitments, including commitments within the framework of FTAs to which Vietnam has acceded, to ensure sustainable development, with an emphasis on action program implementation. implementation of FTAs of a new generation (such as CPTPP, EVFTA, UKVFTA, RCEP...). Focus on promoting in-depth external economic relations, particularly economic relations with major and potential partners, to create leverage for economic development and domestic trade; concurrently, continue to negotiate and sign new economic links, bilateral and multilateral cooperation mechanisms with countries and regions associated with national and national interests.

Thirdly, continue promoting and enhancing the role of overseas Vietnamese trade agencies in capturing, informing, and promptly reflecting global economic and policy, and policy changes. new policies of host countries, assisting state agencies in having timely and effective policy responses, ensuring the highest interests of the nation-nation, contributing to the orientation of domestic production, assisting businesses in the construction and adjustment of production and business strategies and plans by the criteria, standards, and conditions of foreign markets to expand and diversify markets, supply chains, and export products. Import while simultaneously promoting connectivity to attract foreign investment, particularly in high technology and core technology, to Vietnam.

Fourth, strengthen orientation, assist localities and businesses in adapting production methods to market signals, create sources of goods, and construct brands to meet the requirements of official export concurrently with brand construction. to promote sustainable exports; At the same time, there are mechanisms and policies to support and encourage domestic enterprises to invest abroad to access advanced technology, acquire management experience, and send Vietnamese workers to work abroad to change their vision and labor skills, thereby assisting Vietnamese businesses and workers in becoming more competitive on domestic and international markets.

Fifth, continue to promote administrative reform and facilitate trade; focus on removing technical "barriers" for enterprises to penetrate new and potential markets nearby; and promote the digital transformation program at the highest level in trade promotion activities, connecting supply and demand, and building and developing Vietnamese brands in foreign markets. Create favorable conditions for market expansion and export promotion by promoting the growth of logistics services and e-commerce, especially cross-border trade.

Simultaneously, the Ministry of Industry and Trade stated that it will also focus on enhancing the capacity of trade remedies, providing early warning of the risk of lawsuits and commercial disputes, and safeguarding the legitimate trade interests of Vietnamese businesses. International.

Tran Linh (T/h)