Economic diplomacy is a new, important driving force for breakthrough growth

This afternoon, December 20, Prime Minister Pham Minh Chinh; Deputy Prime Minister, Minister of Foreign Affairs Bui Thanh Son chaired an online conference with ambassadors and heads of Vietnamese representative agencies abroad to summarize economic diplomacy work in 2024 and focus work in 2025. Vice Chairman of the Provincial People's Committee Le Duc Tien attended the conference at the Quang Tri bridge.

Vice Chairman of the Provincial People's Committee Le Duc Tien attended the conference at the Quang Tri bridge - Photo: LA

According to the report of the Ministry of Foreign Affairs, in 2024, economic diplomacy was carried out with a drastic and proactive spirit, opening up many new and breakthrough directions, achieving many important results, contributing more and more substantially and effectively to the implementation of socio-economic development goals.

In nearly 60 foreign affairs activities of key leaders in 2024, economic content has become the focus, bringing specific and substantial results. More than 170 cooperation agreements have been signed on the occasion of high-level activities. Through high-level and all-level exchanges, traditional growth drivers have been promoted and renewed through enhanced cooperation in trade, investment, tourism, and labor with major markets and key and important investment partners, especially in Northeast Asia.

Actively promote international cooperation in science - technology and innovation, digital economy, green economy. Promote technology diplomacy, semiconductor diplomacy with key partners and leading technology corporations.

Promote market and partner diversification, continue to effectively exploit traditional markets, and vigorously implement breakthroughs in new and potential markets. Promote proactive roles, actively participate, and make substantial contributions to international and regional multilateral forums, contributing to enhancing the country's prestige and position, and attracting resources for development.

Strategic advisory work and policy proposals to serve socio-economic management, closely following the country's development requirements, were carried out promptly. Specifically, there were about 70 reports for regular, thematic and ad hoc Government meetings on emerging issues such as: attracting investment in strategic areas, artificial intelligence (AI), offshore wind power, sustainable aviation development; reports on domestic political situations and economic policy movements and adjustments of countries.

The implementation of the results of high-level visits has been accelerated, contributing effectively to the implementation of strategic breakthroughs. At the same time, it has actively supported localities and enterprises to expand international economic relations with the spirit of taking people, localities and enterprises as the center of service.

Regarding economic diplomacy in 2025, the Ministry of Foreign Affairs focuses on 5 key areas: Promoting economic diplomacy in foreign affairs activities in 2025, especially with key partners, important partners and expanding relations with potential partners.

Step up the development of specific plans, establish a mechanism for exchange with partners on strengthening the implementation of high-level commitments and agreements that have been reached; promote and create breakthroughs in economic-trade, investment and labor relations, practically serving development goals.

Promote new growth drivers, in which technology diplomacy, semiconductor diplomacy, and digital economic diplomacy are the focus and breakthrough of new-age economic diplomacy; continue to focus on research and consulting work, focusing on financial and monetary policy adjustments, promoting economic growth of large and important economies, developments of conflicts and their impacts on the global economy, major issues and trends of the world economy.

Concluding the conference, Prime Minister Pham Minh Chinh affirmed that economic diplomacy is identified as a new and important driving force, creating momentum for breakthrough growth. Economic diplomacy has been institutionalized and systematized in a systematic manner and has received consensus and participation from the entire political system, and close coordination from ministries, branches and localities. It has contributed to making the relationship between Vietnam and its partners increasingly substantive and in-depth, making a positive contribution to the country's socio-economic development.

To achieve the breakthrough growth targets in 2025, it requires more efforts from ministries, localities, enterprises, ambassadors, and heads of representative agencies abroad in economic diplomacy; especially promoting signing and focusing on removing legal frameworks, facilitating investment and export activities.

Renewing traditional growth drivers; effectively exploiting new growth drivers. Promoting international economic integration and linkages; strengthening connections between domestic and foreign enterprises. Continuing to call for and promote practical and effective investment; diversifying markets, products, and supply chains; promoting brand building; approaching and exploiting new, potential markets. Researching new, breakthrough solutions in attracting high-tech investment, investment in new fields, key and strategic projects.

Establish specialized partnership frameworks with partner countries in science and technology, semiconductors, AI; attract high-tech FDI, associated with technology transfer... Specify and maximize the potential from cooperation frameworks with important partners to create driving force and form high-tech supply chains in our country.

At the same time, urgently overcome shortcomings and limitations in research, forecasting and consulting. Research to diversify visa policies. Have specific incentive mechanisms to grasp and effectively utilize opportunities from new trends in the world and the trend of shifting supply chains in some important areas such as the semiconductor industry.

Le An

Source: https://baoquangtri.vn/thu-tuong-pham-minh-chinh-ngoai-giao-kinh-te-nbsp-la-dong-luc-moi-quan-trong-cho-tang-truong-but-pha-nbsp-190554.htm