Vietnam is actively improving its market economy institutions in order to accelerate the country’s international integration, according to Prime Minister Nguyen Tan Dung.
Vietnam is activelyimproving its market economy institutions in order to accelerate thecountry’s international integration, according to Prime Minister NguyenTan Dung.
The PM was speaking during a dialogue in New York onSeptember 27 with representatives of leading US economic groups Metlife,GE, IBM, AES, Warburg Pincus, Coca-Cola and Ford.
He emphasisedagain that the country wants to further promote cooperation with the USin all fields, especially economics, trade and investment.
TheVietnamese leader cited the growing investment in the country’sinfrastructure development as one of its major breakthroughs andstressed that it now intends to achieve high-quality human resourcesdevelopment. He called on US investors to get involved in the resultingopportunities.
Vietnam and the US have agreed to lift theirrelations to a comprehensive cooperative partnership, he said, addingthat the prospect of the forthcoming Trans-Pacific Partnership (TTP)will fuel trade and economic ties between the two countries.
Heexpressed his hope the newly established partnership and the upcomingtrade deal will make the US the biggest trade partner and foreigninvestor in Vietnam.
The PM also assured the US participants ofthe Vietnamese Government’s commitment to continuously improving thebusiness climate and facilitating foreign businesses to launch effectiveand long-term operations in the country.
During the dialogue,the Prime Minister answered questions relating to the Government’simmediate and long-term priorities and measures to maintainmacro-economic stability, inflation control, economic restructuring andgrowth model reform.
He presented the country’s economicrestructuring process, particularly focusing on reforms to State-ownedenterprises, the banking system and bad debt settlements whileexplaining how Vietnam tries to become more economically competitive.
ThePM said he wants US economic groups to support Vietnam’s request for anend to discrimination against its goods, especially tra fish.
TheUS is Vietnam’s leading trade partner with total two-way trade betweenthem reaching 25 billion USD in 2012. The figure was 17 billion USD inthe first seven months of this year and it is expected to amount to 30billion USD by the end of the year.
ꦚ The US is currently theseventh biggest foreign investor in Vietnam, running 660 projects with atotal registered capital of 11 billion USD.-VNA
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
Ambassador Vu Le Thai Hoang has outlined specific priorities and proposals for cooperation with the UNODA in preparation for the upcoming 11th Review Conference of the Non-Proliferation of Nuclear Weapons (NPT).
The Vietnamese Party leader's visit is therefore expected to mark a new stage in the development of the Comprehensive Strategic Partnership between the two countries, with a focus on such areas as digital transformation, supply chains, semiconductors, clean energy, and maritime security, Choe assessed.
At their meeting, which took place in the Angolan capital of Luanda on August 7 as part of State President Luong Cuong’s ongoing state visit to the African nation, the two officials also agreed to make full use of existing cooperation mechanisms, particularly the Vietnam – Angola Intergovernmental Committee, and step up exchanges of delegations at all levels.
President Luong Cuong's talks with his Angolan counterrpart João Manuel Gonçalves Lourenço, Vietnamese leader's receptions for a delegation from the Japan – Vietnam Parliamentary Friendship Alliance, and the Government's regular meeting for July are among news highlights on August 7 evening.
