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Prime Minister Pham Minh Chinh chairs a conference to review the economic diplomacy work in 2024
Prime Minister Pham Minh Chinh on December 20 chaired a  conference with ambassadors and heads of Vietnamese representative agencies abroad to review the economic diplomacy work in 2024. The conference was held in a hybrid format, connecting the Government headquarters with Vietnamese representative offices abroad and the People's Committees of centrally-run cities and provinces nationwide. Participants at Cao Bang’s venue were Mr. Trinh Truong Huy, member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee; leaders of relevant departments and branches.

Dự tại điểm cầu tỉnh có đồng chí Trịnh Trường Huy, Tỉnh ủy viên, Phó Chủ tịch UBND tỉnh; lãnh đạo một số sở, ngành liên quan.

 
anh tin bai

The participants at Cao Bang's venue

According to the report of the Ministry of Foreign Affairs, in 2024, economic diplomacy achieved numerous significant results, contributing increasingly substantively and effectively to socio-economic development goals. All 15 targets were met or surpassed, including about 7% GDP growth, an 11-month FDI increase of 12.4% to US$31.4 billion, record-high FDI disbursement of US$21.7 billion, and a total import-export trade value of around US$800 billion.

In nearly 60 foreign affairs activities conducted by high-ranking Party and State leaders in 2024, economic content became a focus, producing concrete and substantive results, especially the PM's visits to India, Australia, New Zealand, the Republic of Korea, the UAE, Qatar, Saudi Arabia, Hungary, Romania, and Dominica, along with working visits to China and Russia. Over 170 cooperation agreements were signed during these engagements.

New growth motivations have been strongly promoted. Cooperation in science - technology and innovation, digital economy, green economy becomes the key content in all high-level and all-level foreign affairs activities. The cooperation momentum from high-level visits is effectively utilized by ministries and sectors to attract large technology corporations to Vietnam. International cooperation in building high-quality infrastructure, connecting "hard" and "soft" strategic infrastructure between Vietnam and neighboring countries has been promoted.

700 economic diplomacy activities, trade and investment, and tourism promotion programmes carried out by Vietnam’s diplomatic missions abroad, and over 400 trade and investment promotion activities of localities in domestic areas and foreign countries in diverse and flexible formats. The economic diplomacy has become increasingly substantive and systematic.

Speaking at the conference, PM. Pham Minh Chinh asked for greater determination and effort, and decisive actions to create breakthroughs in the economic diplomacy work, saying that the work must be one of key contributors to achieving the goal of 8% economic growth in 2025, and double-digit growth in the coming time. He said the economic diplomacy work should pay heed to promoting the signing of legal frameworks such as free trade agreements (FTAs), investment protection agreement (IPAs), comprehensive economic partnership agreement (CEPA); evaluating unique potential, outstanding opportunities, and competitive advantages of Vietnam and its partners to identify potential areas for cooperation; innovating visa policies and diversifying visa types; and fostering connections between businesses of Vietnam and other countries. He also requested renewing traditional growth drivers such as export, investment, and consumption; promoting new growth motivations such as green economy, digital economy, circular economy, knowledge economy, sharing economy, and night-time economy; and concentrating on building brands for Vietnamese products and services, and diversifying products, markets, supply chains. It is necessacry to boost diplomacy in all fields, expand cooperation in technology, especially technology transfer related to manufacturing semiconductor chips, AI; and enhance partnership in exploiting outer space, sea space, underground space, he stressed.

He expressed his belief that with the collective strength, solidarity, and determination of ministries, sectors, localities, associations, and businesses, especially the proactive role and leadership of the diplomatic sector and Vietnamese missions abroad, the economic diplomacy work will continue to be implemented strongly, comprehensively, and more creatively with breakthrough results, contributing to laying a solid foundation for the country to enter a new era - the era of the nation’s rise.

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