Deputy Foreign Minister highlights role of economic diplomacy

Hanoi, January 24 (VNA) - In 2022, the diplomatic sector quickly shifted its focus from vaccine diplomacy to economic diplomacy for national recovery and development, Deputy Foreign Minister Nguyen Minh Vu said in a recent interview granted to the media.

Deputy Foreign Minister highlights role of economic diplomacy in service of national development hinh anh 1

Deputy Foreign Minister Nguyen Minh Vu (Photo: VNA)

Under the wise and timely direction of Party and State leaders, in 2022, the diplomatic sector quickly shifted its focus from vaccine diplomacy to economic diplomacy for national recovery and development, Deputy Foreign Minister Nguyen Minh Vu said in a recent interview granted to the media.

Accordingly, economic diplomacy was strongly promoted, becoming the central task of the whole sector as well as of all 94 Vietnamese representative offices abroad, he added.

The Ministry of Foreign Affairs, in collaboration with relevant ministries, agencies, and localities, concretised the Resolution adopted at the 13th National Party Congress in relation to economic diplomacy for national development until 2030.

The diplomatic sector, together with other sectors, helped deepen relations between Vietnam and other countries, especially in the fields of economics, trade, and investment. Economic cooperation became the focal point in all external activities.

It made contributions to promoting international economic integration and linkage, while promptly taking advantage of attracting external resources to serve new driving forces for development, especially green financial sources, investment in energy transformation, and investment in high-tech industries, among others.

The ministry supported the effective implementation of 15 signed free trade agreements (FTAs), and made recommendations for the country to promptly engage in international economic integration initiatives in order to take full advantage of resources for development.

Last year, the ministry organised more than 50 working delegations with 25 localities, organised about 70 activities connecting localities with partners, supported the signing of more than 40 international cooperation documents. These efforts have been recognised and appreciated by localities and businesses.

According to Deputy FM Vu, the ministry and Vietnamese representive offices abroad continued to actively coordinate with ministries and sectors to support localities and businesses to optimise the FTA network and attract foreign investment, thus promoting two of the three important growth drivers - trade and investment.

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Vietnam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.

Highlighting the promotion of green and digital economic development, Vu said Vietnam is one of developing countries with a strong commitment to green and digital transformation. Vietnam's commitment at the COP 26 Conference in 2021 requires the country's great efforts but also opens up a lot of opportunities for cooperation with international partners as these are the issues of global concern.

Currently, international organisations, multilateral mechanisms, and development partners all give high priority and pool plenty of resources to promote the international community's effort to implement green transition, energy transition, innovation, and digital transformation. Following that trend, the Ministry of Foreign Affairs and relevant ministries and agencies focused on promoting cooperation with partners both bilaterally and multilaterally in order to maximise the attraction of external resources, along with domestic resources, for the implementation of national strategies relating to green and digital transformation.

Digital economic cooperation was also highlighted in high-level foreign affairs activities, with a specific focus on attracting investment, training human resources, and improving management capacity. Many international partners such as the World Economic Forum (WEF) expressed willingness to cooperate with Vietnam on digital skills, the establishment of the fourth Industrial Revolution centre and other initiatives.

The ministry will continue to closely work with relevant ministries and sectors to further promote ties in these fields in order to pool more external resources for the transformation of the domestic growth model, according to the Deputy FM.

Regarding Directive No. 15-CT/TW on economic diplomacy issued by the Party Central Committee's Secretariat on August 10, 2022, Vu said the directive identifies economic diplomacy as a basic and central task of Vietnamese diplomacy, an important driving force for rapid and sustainable development of the country as a whole, while playing a pioneering role in mobilising external resources.

The directive affirms the special importance of economic diplomacy moving forward, stressed the Deputy FM.

To implement this directive, the Prime Minister directly chaired a conference to promote economic diplomacy in service of national development in September 2022, as well as a conference to summarise vaccine diplomacy and lessons to step up economic diplomacy in the new context in November last year, he added.

To ramp up economic diplomacy moving forward, the Ministry of Foreign Affairs will steadfastly and consistently implement the country’s foreign policy of independence, self-reliance, multilateralisation, and persification of international relations under the motto ‘Vietnam is a friend, a reliable and responsible partner of the international community’.

It will pay closer attention to research, forecasts, and policy advice as a means of grasping the situation, as well as introducing timely, appropriate, and drastic solutions for implementation of assigned tasks. It will focus on renewing methods to suit the new situation for the sake of the nation and people, while bringing into play the activeness and creativity of Vietnamese representative agencies abroad.

The Ministry of Foreign Affairs and Vietnamese representative offices abroad will also continue to do their best to carry out economic diplomacy for development, affirmed Deputy FM Vu./.

Source: VOV
en.vietnamplus.vn

Related News

Many foreign enterprises find opportunities and expand investment in Vietnam

Many foreign enterprises find opportunities and expand investment in Vietnam

VCN - In the context of the world investment wave shifting, Vietnam has the opportunity to become the world's factory, many foreign enterprises have been looking for investment opportunities as well as expanding investment in Vietnam.
Vietnam is ready to welcome a new wave of investment in the semiconductor industry

Vietnam is ready to welcome a new wave of investment in the semiconductor industry

VCN - Deputy Minister of Planning and Investment Tran Duy Dong (Photo) gave an interview to Customs Magazine about Vietnam's preparations to attract FDI into the semiconductor industry.
Opportunities for Vietnam to participate in the global semiconductor industry value chain

Opportunities for Vietnam to participate in the global semiconductor industry value chain

VCN - The global chip race is heating up, and Vietnam has a unique opportunity to assert itself as one of the participants in the semiconductor industry value chain.
Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country

Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country

VCN - HCM City led the nation in exports. In order to get this result, in addition to the market's recovery signal, there are also the efforts of businesses to overcome difficulties.

Latest News

Vietnam pours 136 million USD to projects abroad in five months

Vietnam pours 136 million USD to projects abroad in five months

Vietnamese enterprises pumped more than 136 million USD of total investment into new projects and to supplement capital in ventures abroad in the first five months, equivalent to 43% of the figure seen in the same period last year.
Vietnam promotes smart tourism ecosystem to attract visitors

Vietnam promotes smart tourism ecosystem to attract visitors

Localities in Vietnam have been taking actions to develop smart tourism ecosystem to attract visitors in the digital era.
MoIT to step up talks on new FTAs

MoIT to step up talks on new FTAs

The Ministry of Industry and Trade (MoIT) is set to actively coordinate with other ministries and sectors to step up the negotiations and signing of new free trade agreements (FTAs) with potential partners.
Vietnam, Russia step up cooperation in oil and gas exploration, exploitation

Vietnam, Russia step up cooperation in oil and gas exploration, exploitation

A delegation from the Petrovietnam Exploration Production Corporation (PVEP), led by Chairman of the PVEP Members Council Tran Quoc Viet, on May 24 held a working session with their colleagues of Russia's Zarubezhneft JSC in Russia to discuss potential cooperation areas.

More News

Raising labour productivity shortest way to catch up with developed nations: PM

Raising labour productivity shortest way to catch up with developed nations: PM

Improving labour productivity is an important, urgent, strategic and long-term mission of the whole political system, and the shortest way for the country to catch up with developed nations in the region and the world, Prime Minister Pham Minh Chinh said on May 26.
Promoting sustainable growth with a creative economy

Promoting sustainable growth with a creative economy

VCN - Although the creative economy is a fairly new concept, in reality in Vietnam, each year the export of creative goods is helping Vietnam earn billions of dollars.
MoIT receives hundreds of complaints related to e-commerce

MoIT receives hundreds of complaints related to e-commerce

The commission reports that 5.5 per cent of the complaints were related to e-commerce.
Việt Nam regards Japan as important, long-term partner: Deputy PM

Việt Nam regards Japan as important, long-term partner: Deputy PM

Deputy Prime Minister Lê Minh Khái conveyed Prime Minister Phạm Minh Chính’s invitation for his Japanese counterpart to visit Việt Nam at the earliest opportunity.
Industrial production shows signs of recovery

Industrial production shows signs of recovery

Vietnam's industrial production has shown signs of recovery and positive growth despite ongoing challenges, the Ministry of Industry and Trade has assessed.
PM orders building socio-economic development plans, budget estimates for 2025

PM orders building socio-economic development plans, budget estimates for 2025

Prime Minister Pham Minh Chinh on May 22 signed a directive on the building of the socio-economic development plans and state budget estimates for 2025.
Dong Nai aims to become one of Vietnam

Dong Nai aims to become one of Vietnam's largest economic centres by 2030

The southern province of Dong Nai aims to become one of Vietnam's three largest economic centres, after Hanoi and Ho Chi Minh City, according to the province's development goals for 2030.
To Lam becomes new State President

To Lam becomes new State President

The 15th National Assembly (NA) on May 22 elected To Lam as the President of the Socialist Republic of Vietnam.
Increase foreign investment resources from improving the business environment

Increase foreign investment resources from improving the business environment

VCN - In the two years 2024-2025, the proportion of foreign invested enterprises (FDI) expected to expand production and business will decrease compared to previous years, reflecting a more cautious trend of FDI enterprises due to the impact of the current unpredictable global economic context.
Read More

Your care

Latest Most read
Vietnam pours 136 million USD to projects abroad in five months

Vietnam pours 136 million USD to projects abroad in five months

Vietnamese enterprises pumped more than 136 million USD of total investment into new projects and to supplement capital in ventures abroad in the first five months, equivalent to 43% of the figure seen in the same period last year.
Vietnam promotes smart tourism ecosystem to attract visitors

Vietnam promotes smart tourism ecosystem to attract visitors

Localities in Vietnam have been taking actions to develop smart tourism ecosystem to attract visitors in the digital era.
MoIT to step up talks on new FTAs

MoIT to step up talks on new FTAs

The Ministry of Industry and Trade (MoIT) is set to actively coordinate with other ministries and sectors to step up the negotiations and signing of new free trade agreements (FTAs) with potential partners.
Vietnam, Russia step up cooperation in oil and gas exploration, exploitation

Vietnam, Russia step up cooperation in oil and gas exploration, exploitation

A delegation from the Petrovietnam Exploration Production Corporation (PVEP), led by Chairman of the PVEP Members Council Tran Quoc Viet, on May 24 held a working session with their colleagues of Russia's Zarubezhneft JSC in Russia to discuss potential cooperation areas.
Raising labour productivity shortest way to catch up with developed nations: PM

Raising labour productivity shortest way to catch up with developed nations: PM

Improving labour productivity is an important, urgent, strategic and long-term mission of the whole political system, and the shortest way for the country to catch up with developed nations in the region and the world, Prime Minister Pham Minh Chinh said on May 26.
Mobile Version