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Viet Nam International Economic Integration Forum 2017

20/12/2017 00:49

The Viet Nam International Economic Integration Forum 2017 opened in Ha Noi on December 20, with the presence of Prime Minister Nguyen Xuan Phuc, head of the National Steering Committee on International Integration, and Deputy Prime Minister Vuong Dinh Hue, head of the Intersectoral Steering Committee for International Economic Integration.


The Viet Nam International Economic Integration Forum 2017 opened in Ha Noi on December 20, with the presence of Prime Minister Nguyen Xuan Phuc, head of the National Steering Committee on International Integration, and Deputy Prime Minister Vuong Dinh Hue, head of the Intersectoral Steering Committee for International Economic Integration.

The forum, themed “Reinforcing the momentum for a new development phase”, featured the participation of over domestic and international delegates, including leaders of ministries, sectors and 63 cities and provinces; foreign ambassadors and trade counselors in Viet Nam; leaders of universities, institutes, associations and banks; and Viet Nam’s big companies.

The forum aimed to share and discuss measures and policies, towards enhancing the efficiency of Viet Nam’s international economic integration in line with the domestic situation and the international trends. It featured three major talk sessions, themed “Overview of Viet Nam’s international economic integration”, “Viet Nam in front of international economic and trade trends”, and “Enhancing the efficiency of Viet Nam’s international economic integration in the current context”.

At the forum, domestic and foreign delegates reviewed the results of Vietnam’s international economic integration process, whilst considering the new trends in the international economy and trade as well as their possible impacts on the Vietnamese and world economy, and proposing measures aiming to enhance the effectiveness of the implementation of international economic integration work.

The forum took place as Viet Nam celebrates 10 years of its admission to the World Trade Organization (WTO) (2007-2017). A decade of participating in the world’s large playground was yet to be a long journey, but it was full of opportunities and challenges to Viet Nam, with the country’s average gross domestic product (GDP) per capita increasing by over US$2,000 being among one of the remarkable results.

  

 Prime Minister Nguyen Xuan Phuc at the Viet Nam International Economic Integration Forum 2017

In his speech, Prime Minister Nguyen Xuan Phuc noted that with the implementation of its integration commitments, Viet Nam was exerting strong efforts to reform the economy, from re-organizing production and building brands to renovating the growth model, enhancing competitiveness of the economy and promoting the role of a facilitative Government for development. However, the leader pointed out a number of certain shortcomings, with competitiveness yet to catch up with integration, and the awareness of integration among sectors, localities, businesses and the people remaining insufficient to produce drastic action. He stressed the need to remove barriers, including unnecessary procedures and costs, for businesses and the people, as well as to create a business climate of real transparency, equality and healthy competition, for both domestic companies and international investors.

Calling on and welcoming the support and cooperation from partners and the international community for Vietnam’s economic development, Prime Minister Nguyen Xuan Phuc urged the Intersectoral Steering Committee for International Economic Integration to strengthen cooperation with domestic and foreign research institutes, in researching strategic issues on international economic integration, aiming to provide advice for the Government in its policy planning process on integration.​


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