PM sets out major tasks in economic diplomacy

The leader asked them to continue institutionalising and concretising instructions of the Party and the State, and relevant documents issued by the Party Central Committee’s Secretariat and the Government with new mindset and strategic visions.

He stressed the need to catch up with global trends, focus on removing obstacles, perfect institutions, promote cooperation, concretise economic commitments and review their implementation.

Other tasks include diversifying markets, products, and supply chains; tapping the potential of the Middle East, Africa and South America and Halal markets; carrying forward self-reliance, self-resilience, innovation and creativeness; and enhancing coordination and connectivity with other agencies and localities in the spirit of putting businesses and localities at the centre.

Lauding the diplomatic sector’s efforts and performance over the past time, the Government leader emphasised that economic diplomacy must closely follow domestic requirements, and the sector needs to work harder to raise the efficiency of economic diplomacy.

In his remarks, Minister of Foreign Affairs Bui Thanh Son attributed achievements in economic diplomacy to efforts by the entire sector, localities and enterprises, as well as the whole political system and the national economy.

Participants proposed many solutions to boost traditional growth drivers like export and investment, and to open new development spaces for the economy in the fields of green growth, digital transformation and semiconductors.

They commended the support of the Ministry of Foreign Affairs and Vietnamese representative offices abroad to localities and businesses during the implementation of economic diplomacy, particularly in investment and trade promotion, and resources attraction.