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Improve the effectiveness of economic diplomacy and investment promotion

Việt NamViệt Nam21/12/2023

The Prime Minister emphasized that in the coming time, it is necessary to continue institutionalizing and concretizing the foreign policy in the Resolution of the 13th National Party Congress. Diversify products, supply chains and international markets.

Within the framework of the 32nd Diplomatic Conference, on the morning of December 21, the Ministry of Foreign Affairs held a plenary session on economic diplomacy for national development. Prime Minister Pham Minh Chinh attended and delivered a speech at the conference. Also attending were Secretary of the Party Central Committee, Head of the Party Central Committee's External Relations Commission Le Hoai Trung and other Party and State leaders, leaders of central departments, ministries and branches.

The plenary session on Economic Diplomacy with the theme: "Promoting the pioneering role, building a comprehensive, modern, and strong diplomacy, successfully implementing the Resolution of the 13th National Party Congress" was held in person and online with the participation of heads of Vietnamese representative agencies abroad, representatives of ministries, branches, localities, associations and enterprises...

Vice Chairman of the Provincial People's Committee Le Ngoc Chau operates the Ha Tinh bridge point.

Improve the effectiveness of economic diplomacy and investment promotion

Vice Chairman of the Provincial People's Committee Le Ngoc Chau operates the Ha Tinh bridge point.

Promoting the role of foreign affairs in attracting resources

In recent times, thoroughly grasping the policy of the 13th National Party Congress on "building an economic diplomacy serving development with people, localities and enterprises as the center of service"; under the close guidance of the Politburo, the Secretariat, directly and regularly by the Prime Minister and Deputy Prime Ministers, economic diplomacy has made new developments in a more comprehensive, substantive and effective direction.

Accordingly, it has thoroughly grasped and synchronously and uniformly implemented the Party's major policies and orientations on economic diplomacy; promoted the pioneering role of foreign affairs in mobilizing external resources, making important contributions to the successful implementation of the task: both effectively preventing and controlling the COVID-19 pandemic and promoting socio-economic recovery and development; well implemented the policy of "taking people, localities and enterprises as the center of service"; innovated, created, and promoted the combined strength and coordination of sectors and levels.

Improve the effectiveness of economic diplomacy and investment promotion

Foreign Minister Bui Thanh Son delivered the opening speech at the Plenary Session of Economic Diplomacy for National Development. (Photo: Tuan Anh).

At the conference, heads of Vietnamese representative agencies abroad presented important speeches, sharing new trends in investment, trade, innovation, the potential of the semiconductor industry, new regulatory standards in traditional markets, or new opportunities and challenges in newly exploited markets... At the same time, delegates focused on discussing and exchanging to promote the pioneering role of foreign affairs in attracting external resources to serve the implementation of strategic breakthroughs; enhance the effectiveness of coordination in implementing economic diplomacy, expanding export markets and building brands for Vietnamese goods; share information on requirements for attracting foreign investment in the new situation...

Improve the effectiveness of economic diplomacy and investment promotion

Delegates attending the conference at Ha Tinh bridge point.

Economic diplomacy contributes to solving global problems

Speaking at the conference, Prime Minister Pham Minh Chinh said that economic diplomacy has achieved many successes in recent times, notably continuing to innovate thinking and change perceptions of economic diplomacy; skillfully combining national strength with the strength of the times to mobilize internal resources and attract external resources to develop the country, contributing to solving global and national issues such as: energy crisis, food crisis, climate change, COVID-19 pandemic...; contributing to creating a peaceful, stable, cooperative and developing environment...

Improve the effectiveness of economic diplomacy and investment promotion

Prime Minister Pham Minh Chinh delivered a speech at the conference.

The Government acknowledges and commends the achievements of economic diplomacy in foreign affairs in recent times. The results achieved are thanks to the concretization of the Party's guidelines and policies; promoting the tradition of the diplomatic sector; and coordination between ministries and branches...

Analyzing the lessons learned, the Prime Minister said that the results achieved were thanks to our putting the national and ethnic interests first, while harmonizing the benefits and risks of economic diplomacy; responding quickly and promptly to policies; taking practical, effective and sincere diplomatic measures; closely following domestic requirements and the needs of people and businesses; building a team of dedicated and visionary diplomatic staff...

The Prime Minister emphasized that in the coming time, it is necessary to continue institutionalizing and concretizing the foreign policy in the Resolution of the 13th National Party Congress. Closely following the trend, focusing on key points to remove difficulties and overcome challenges. Perfecting institutions and cooperation mechanisms and organizing effective implementation. Diversifying products, supply chains and international markets. Promoting the nation's self-reliance. Strengthening coordination between sectors and localities, taking people and businesses as the center of service...

In 2023, Ha Tinh will continue to focus on promoting economic diplomacy, organizing working sessions with embassies of countries in Vietnam, international organizations and participating in international forums; organizing investment promotion delegations abroad in Europe and Japan; successfully organizing the conference to announce the Provincial Planning associated with investment promotion, attracting many international delegations and foreign enterprises to participate, thereby attracting foreign investment projects to the province.

In 2023, 2 new FDI projects with a total investment capital of 69.7 million USD were approved. Currently, a number of large companies/corporations in the world are continuing to research and prepare proposals to implement projects in the province.

Currently, the province is implementing the next steps to submit to the Prime Minister for approval of the investment policy for the project "Priority infrastructure and urban development adapting to climate change in Ha Tinh city", borrowing ADB capital; speeding up the construction progress of other projects funded by the WB, ADB, AFD...; continuing to propose, connect, and mobilize new projects such as: Sustainable development of coastal urban areas in the Central region towards green growth and climate change response in Ky Anh town (funded by AFD); Biomass energy development project to promote green and sustainable growth and Desertification prevention and climate change response project in coastal areas (funded by KOICA).

During the year, Ha Tinh also proposed to the Working Committee on Foreign Non-Governmental Organizations to extend and supplement the registration certificates of 17 foreign non-governmental organizations and approve the receipt of 9 new non-refundable aid packages with a total amount of nearly 20 billion VND in the fields of education, labor, employment, and migration.

In the coming time, Ha Tinh will continue to strengthen information and external propaganda to international friends, actively participate in international forums and conferences to call for and attract foreign investors and partners to the province; strengthen international integration, promote the establishment of new friendly and cooperative relations with provinces and cities of countries that have many similarities with Ha Tinh province and have potential and strengths in economic development cooperation, technology transfer, and cultural exchange.

Innovate and improve the effectiveness of economic diplomacy and investment promotion, giving priority to accessing foreign investment enterprises from countries with advanced technology. Enhance the capacity of enterprises in the province to strengthen cooperation with foreign enterprises.

Duong Chien


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