How to boost int'l economic integration under discussion

(VOV) -Vietnam needs to promote its international economic integration by joining global value chains, to improve national competitiveness, told a seminar in Hanoi on December 23.

The speakers discussed ways to promote international economic integration in each locality and attract investment to mountainous provinces.

Deputy Minister of Industry and Trade Nguyen Cam Tu applauded the country’s efforts in integrating into the regional and global economies, noting the process has helped improve people's living standards. 

Vietnam has expanded and further deepened its ties with other nations worldwide while actively and responsibly becoming involved in international forums and organisations, Tu said, adding extensive international economic integration has impacted greatly on the national economic development. 

Vietnam has shipped goods to 230 countries and territories across the globe with its export turnover rising 22.58 percent per year during 2011-2013. Its improved business climate has facilitated enterprises' involvement in global value chains.

Trinh Minh Anh, deputy chief of the Office of the Interdisciplinary Steering Committee for international economic integration said joining three value chains, the country plays an increasingly important role in the global economy, thus enabling Vietnamese products to become popular and competitive in the global market.
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