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Vietnam adopts synchronous global integration strategy

The Ministry of Information and Communications held a conference in Hanoi on September 16 to update the press on Vietnam's global integration achievements in 2022.
Vietnam adopts synchronous global integration strategy ảnh 1At a smart operating centre in Binh Phuoc (Photo: VNA)

Hanoi (VNA) – The Ministry ofInformation and Communications held a conference in Hanoi on September 16 to update the press on Vietnam's global integration achievements in 2022.

Speaking at the event, deputy head of the Foreign Ministry’sForeign Policy Department Dinh Nho Hung said as a majority of countries havere-opened the door and normalised exchanges in various areas, five major trends are under attention, includingthe fourth industrial revolution, digital transformation, green transition,climate change adaptation, rearrangement of supply chain, and labour change.

ꦕ In Vietnam, the trend of shifting to green economy anddigital transformation has opened up opportunities to change growth model on theback of rearranged supply chains, improved logistics capacity, innovation, humanresources and quality FDI.

Vietnam adopts synchronous global integration strategy ảnh 2Illustrative image (Photo: VNA)


Vietnam’sGDP growth in the first half of this year, at 6.42%, surpassed the level set in the best scenario and is equivalent to the pre-pandemic average. The GDP growth in the secondquarter was estimated at 7.72% year-on-year, a record since 2011. Export-importhit 371.4 billion USD, up 16.4% annually, of which export rose by 17.3% to 186billion USD. International arrivals reached nearly 602,000, markinga 6.8-fold increase from the same period last year.

Hung said the 13th National PartyCongress set orientations to conducting synchronous, creative and effectiveexternal activities with the effective use of domestic and foreign resources.

Lam Thi Quynh Anh from the Office of the Inter-agency Steering Committee for International Economic Integration under the Ministry of Industry and Trade said Vietnam's policy aims for comprehensiveglobal integration in three pillars, namely economy; politics and nationaldefence-security; socio-culture, sci-tech and education, with economicintegration as a focus.

International integration should be promoted synchronously across the fields under an overall strategy with a roapmap and steps suitable with reality and the country's capacity, she said.  

According to Anh, businesses have the responsibility for effectively implementing free tradeagreements (FTAs), grasping commitments in FTAs and markets of FTA memberstates. She urged them to improve competitiveness in terms of adoptingtechnical standards and follow regulations of partner markets.

💙 Directorof the Vietnam Chamber of Commerce and Industry’s WTO and Integration Centregave notices to the export of Vietnamese farm produce in the context ofnew-generation FTAs./. 

VNA

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