Considered an extremely difficult year, 2024 is also a successful year in international economic integration.
Sharing at the Conference on summarizing the work of 2024 and deploying the tasks of 2025 of the Industry and Trade sector held on the afternoon of December 23, Mr. Luong Hoang Thai - Director of the Department of Multilateral Trade Policy (Ministry of Industry and Trade) - said: 2024 is a year with many difficulties and challenges for international economic integration, because the global trend of international economic integration has many unfavorable and unpredictable developments.
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| Mr. Luong Hoang Thai - Director of Multilateral Policy Department (Ministry of Industry and Trade). Photo: Can Dung |
However, with the guiding viewpoint of the Minister of Industry and Trade, on the one hand, maintaining and further promoting traditional markets through the harmonious combination of multilateral, regional and bilateral cooperation mechanisms. At the same time, there are breakthroughs in new markets in the Middle East and then other regions... Thanks to that, international economic integration has positively contributed to import-export growth, with the total import-export turnover in 2024 aiming for the target of 800 billion USD.
In addition to making a positive contribution to import and export activities, international economic integration in 2024 will also make an important contribution to diplomatic relations and enhance Vietnam's position in the international arena. Specifically, for the first time, the G7 Summit invited the Ministry of Industry and Trade to participate and deliver a speech on integration experiences and attracting foreign direct investment to participate in Vietnam's global supply chain.
In 2025, according to Mr. Luong Hoang Thai, the world economic situation is expected to be even more difficult, even threatening a possible trade war. 2025 is also considered a particularly difficult year for international economic integration. Accordingly, in order for international economic integration to go deeper and bring positive results, we look forward to receiving guidance from the Government and ministries, branches and localities.
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| The Ministry of Industry and Trade summarizes the work in 2024 and deploys tasks in 2025. Photo: Can Dung |
In fact, the Government has also issued directives in the field of integration to be put into practice, linked to the country's economic self-reliance and the development of localities and business communities. To promote the above goals, the Ministry of Industry and Trade is implementing the Government's directives in deploying the Local Integration Index (FTA Index) and the Ecosystem to support localities and businesses in effectively exploiting FTAs to initially identify the advantages and disadvantages in the integration process and then, together with localities across the country, effectively implement integration commitments, bringing benefits to the economy and people.
In addition, the current integration work is very broad, the previous generations of the Ministry of Industry and Trade have been very strong in administrative reform in the integration process, but the integration trend in the coming time is related to many areas such as environment, green transformation, digital transformation, etc. Accordingly, to achieve the set goals, there needs to be close direction from the Government, the Prime Minister in the integration work and representatives of ministries, branches and localities to continue to flexibly handle the difficulties ahead.
Source: https://congthuong.vn/cong-tac-hoi-nhap-kinh-te-quoc-te-vuot-kho-tao-dot-pha-dong-gop-lon-vao-tang-truong-gdp-365795.html
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