International economic integration is creating new development opportunities for the Vietnamese economy. In an interview with a reporter from the Industry and Trade Newspaper, Professor Hoang Van Cuong, a member of the 15th National Assembly and a member of the Prime Minister's Policy Advisory Council, clarified the outstanding results of the integration process and the growth potential that can be further exploited in the future.
Self-reliance and self-strengthening
In the context of a volatile and risky global economy, what do you consider to be the most important pillars supporting Vietnam's economic growth?
The Vietnamese economy has maintained a relatively positive growth rate, primarily based on a crucial foundation: its self-reliance and self-sufficiency. Deepening international economic integration has also become a key driver of economic and social development, enhancing Vietnam's strength and position on the international stage. This foundation allows us to gradually take control of the development process, even in areas heavily impacted by external factors such as exports.
Professor Hoang Van Cuong - Member of the 15th National Assembly , Member of the Prime Minister's Policy Advisory Council
In fact, despite strong fluctuations in the global market, Vietnam's export activities have maintained growth momentum, helping to stabilize macroeconomic indicators; thereby affirming Vietnam as an increasingly important and irreplaceable link in the global trade network.
Based on that foundation, I expect that in 2026, the traditional growth drivers that positively contributed to growth in 2025 will continue to be maintained and further developed.
Enhance resilience
As you just mentioned, international economic integration creates room for economic growth. In your opinion, what are the most outstanding results?
International economic integration in recent years has yielded very impressive results, with strategic significance for the Vietnamese economy. We have effectively utilized the advantages and opportunities from the global market, proactively mitigating shocks and adverse impacts from global fluctuations.
This success reflects the correct leadership and guidance of the Party and the direction of state management agencies, directly the Ministry of Industry and Trade, in selecting strategies for accessing international markets, forecasting, and implementing mechanisms to support businesses. The role of state management here is demonstrated in creating a strategic framework, providing guidance, and helping industries and the business community enter the global market with confidence, in the right direction, and effectively.
Most notably, Vietnam has expanded its market space. It has established a wide network of trade relations, including 17 free trade agreements, gaining access to many large and demanding markets, creating new growth opportunities for exports, production, and investment. The diversification of the market structure helps the economy avoid dependence on a few traditional partners and enhances its ability to respond to fluctuations in global trade.
International economic integration has become a driving force for institutional reform and the improvement of the business environment. Implementing international commitments requires the policy and legal system to align more closely with international standards, enhancing transparency, predictability, and management efficiency. This contributes to strengthening investor confidence and creating favorable conditions for attracting high-quality investment capital.
Many businesses are gradually becoming more deeply involved in global value chains. Photo: Thaco
Proactively fostering growth
Looking ahead to 2026, when Vietnam aims for higher growth, what principles, in your opinion, should be prioritized in economic management to ensure growth is linked to market stability, risk control, and strengthening business confidence?
First and foremost, it must be affirmed that Vietnam's economic management approach has always been consistent: maintaining stability for development and, through development, creating additional potential for stability. This approach has significantly contributed to the success of recent years and remains a guiding principle for the new development phase.
During the past term, the Vietnamese economy faced numerous difficulties and challenges of an uncertain and even unprecedented nature, yet we overcame these shocks steadily and effectively.
In particular, in 2025, when the United States adjusted its tariff policies, Vietnam maintained its composure and proactive approach in managing the situation, thereby ensuring that import and export activities continued to maintain positive growth with very noteworthy results.
Practical experience shows that in an uncertain environment, it is crucial to remain alert, flexible, and proactive in handling situations. This helps to mitigate adverse external impacts and seize favorable opportunities for breakthroughs.
The world is fraught with unpredictable risks, and the economy cannot remain stagnant; it requires flexible, dynamic, creative, and timely management strategies. However, this flexibility must always be based on the core principle of maintaining macroeconomic stability, as reflected in the fundamental indicators of the economy.
Thank you, sir!
Source: https://congthuong.vn/dai-bieu-quoc-hoi-hoang-van-cuong-viet-nam-la-mat-xich-quan-trong-cua-thuong-mai-toan-cau-442669.html
Comment (0)