Vietnamese and Chinese speakers presented 22 reports highlighting solutions put forward by both countries to ride out the crisis and lessons learned from the turmoil.

Addressing the closing ceremony, Prof. Dr. Phung Huu Phu, a CPV member and deputy head of the CPV Commission for Information and Education, noted that this global financial crisis is completely different from the previous ones.

Mr Phu, who is also deputy head of the Central Theoretical Council, described this crisis as ‘comprehensive’ as it has had the most far-reaching effects.     

He said delegates pointed out the root causes of the crunch, the inevitable collapse of the new liberalism and the great vitality of Marxism.

He affirmed the vitality of Vietnam’s socialist-oriented market economy and China’s socialist market economy despite global complications and said both Vietnam and China are among few countries which have successfully weathered the global storm.

Vietnamese and Chinese delegates agreed that the workshop offered a chance for the CPV and the CPC to share information and experiences to perfect their open-door policy and enrich Marxist-Leninism.