The 10th National Party Congress pointed out in its resolution that “Vietnam should actively broaden outlets to promote exports, while opening up the domestic market including service industries to attract investment, advance technologies and management skills to make the national economy more effective and competitive”.
In order to meet urgent demands of the international situation and domestic economy, the 7th National Party Congress adopted guidelines on multilateralisation and diversification of
The 9th National Party Congress affirmed, “Vietnam will take the initiative to integrate in the international and regional economies in the spirit of making the most of its internal resources, making international cooperation more effective, ensuring independence, sovereignty and the socialist orientation, defending national interests, national security, maintaining cultural identities and protecting the environment”. To realising the Party’s socio-economic development strategy for the 2001-2010 period, which says “building an independent and sovereign economy should coexist with active integration into the international economy”,
In 2002, the Party Political Bureau issued Resolution 07 on international economic integration, emphasising consistent guiding principles for the process. To fulfil the Resolution, the Prime Minister and his Cabinet issued an action plan and assigned specific tasks to the ministries, branches and localities.
Consistently realising the foreign policy of independence, sovereignty, peace, cooperation, development, an open-door, and diversification and multilateralisation of international relations, the Party pointed out in Resolutions of its 10th National Congress, “
To meet the highest objective which is national interests,
The Party also pointed out in Resolutions of its 10th National Congress, “To further renew the economic institution, review all legal documents, amend, complement and complete the legal system to ensure their consistency, stability and transparency.” According to Party guidelines,
Resolutions of the 10th National Party Congress point out that taking the initiative in international economic integration means “to promote the subjective role of businesses from all economic sectors in international economic integration, promote trade and investment, develop new markets, products and trademarks”.
Obviously, initiative and active economic integration as mentioned by the 10th National Party Congress is a new concept. Activeness relies on initiative and vice versa. This is a dialectical relationship inherent in renewing economic institutions of all businesses from all economic sectors.
In the initiative and active international economic integration process, we should firmly grasp the following matters:
First, we must ensure national independence, sovereignty and socialist orientation, uphold national security and conserve cultural identity. To take the initiative in international economic integration, we should prepare potential resources and strategic position ourselves. We must be self-confident and prepare a roadmap for this process at the right pace. International economic integration will help
Second, international integration should be based on socio-political stability and the promotion of internal resources to ensure the national economy, branches and businesses become more competitive.
Third, in the integration process, we must strictly adhere to principles of equality, mutual benefit and protection of national interests. According to these principles, we should make every effort to secure our legal system while sharing logistical interests with our partners.
Fourth, we should consistently realise our policy on diversifying and multilateralising international relations in the spirit of “
Fifth, we should always be vigilant against hostile forces who take advantage of economic relations to infiltrate our country and propagate their “peaceful evolution” schemes to undermine and overthrow our regime. Economic development, improving people’s lives and economic, scientific and technological progress will contribute to strengthening national defence and security. Economic relations between
International economic integration is an objective demand, which requires us to raise initiative, design a suitable roadmap, make positive and steady steps, and not to be hesitant nor hasty. Resolutions of the 10th National Party Congress point out, “We should actively broaden our outlets to promote exports, while opening up the domestic market including service industries to attract investment, advance technologies and management skills to make the national economy more effective and competitive”.
In the open-door and international economic integration process, we should exploit our advantages and create a competitive environment for development. Meanwhile, we must nurture our potential and ensure economic security, while maintaining the balance of macro issues. In addition to ensuring food security, we must quickly increase foreign currency reserves strictly control foreign debt and harness internal resources to rapidly develop infrastructure and effectively develop essential industries and products.
We should improve the investment climate, accelerate administrative reform, develop human resources, and prepare better conditions to attract ODA, FDI, credit and other international funding resources. Businesses from all economic sectors should be encouraged to promote their dynamism to hasten international economic integration. Employees are required to reassess their working lifestyle. Businesses should renew management concept and methods, and equipment and technologies. Measures should be taken to reduce production costs to make our products and services more competitive.
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