Prime Minister proposes three main contents of new generation economic corridor at GMS 8 Conference

According to a special correspondent of the Vietnam News Agency, on the morning of November 7, the 8th Greater Mekong Subregion (GMS) Summit solemnly opened at the Hai Cang Convention Center in Kunming City, Yunnan Province, China.

The conference was attended by heads of government and delegations from Cambodia, Laos, Myanmar, Thailand, China and Vietnam; the President of the Asian Development Bank (ADB) and many representatives of international and regional organizations. Prime Minister Pham Minh Chinh led a high-ranking Vietnamese delegation to the conference.

Looking back at the development of GMS over the past 30 years, the leaders highly appreciated the great contributions of the cooperation mechanism to the development of the Mekong sub-region, especially in building infrastructure for transport, energy, telecommunications, and improving industrial and agricultural production capacity.

More than 12,500 km of roads and 1,000 km of railways have been built; nearly 3,000 MW of electricity has been generated and more than 2,600 km of transmission lines have been built, providing electricity to more than 165,000 households. In the 2021-2024 period alone, the GMS has mobilized nearly 133 billion USD to implement more than 500 development projects in the subregion.

The North-South and East-West economic corridors have truly become models for international economic cooperation and connectivity, contributing to promoting regional trade and investment, connecting remote areas with seaports, airports and major economic centers.

With a deep awareness of the far-reaching and multi-dimensional impacts of the technological revolution, the 8th GMS Conference chose the theme "Towards a better community through innovation-driven development".

In his opening speech, Chinese Premier Li Qiang emphasized that innovation is an important driving force of economic growth; expressed China's willingness to transfer the results of innovation, promote hard and soft infrastructure connectivity, promote sub-regional connectivity through policy connectivity, harmonization of standards, people-to-people exchanges, and travel facilitation; and committed to granting 5-year multiple-entry Mekong-Lancang visas to businesses and experts from member countries.

The leaders emphasized the need to strengthen cooperation to exploit the remarkable progress of science and technology to serve the green and digital transformation process in the Mekong sub-region. Accordingly, the leaders agreed to build the GMS Innovation System with three main pillars: digitalization, green transformation and connectivity.

Regarding digitalization, GMS will promote programs and projects on training digital human resources, promoting cross-border digital economic connectivity and building a legal framework for digital economic development.

Regarding green transformation, GMS focuses on supporting members to effectively apply green, environmentally friendly technologies in sustainable use and integrated management of natural resources, especially transboundary water resources; conserve ecosystems and biodiversity; and develop smart agriculture.

In terms of connectivity, the GMS focuses on promoting innovative solutions for cross-border connectivity; encouraging dialogue between regulatory agencies and policy makers; sharing knowledge, technological solutions and business models. Leaders also encourage coordination between the GMS and other regional and sub-regional cooperation mechanisms and initiatives to create new impetus for the sub-region's development.

At the conference, Prime Minister Pham Minh Chinh delivered important speeches, summarizing lessons learned from 32 years of GMS cooperation and pointing out appropriate directions for the mechanism in the new development stage.

The Prime Minister affirmed the strategic role of GMS in the international integration and development process of the sub-region and emphasized five valuable lessons from the success of GMS: First, the lesson of implementing equal and broad consultation, strengthening consensus among members for common interests; Second, the lesson of building substantive cooperation strategies and programs, linked to the practical needs of each country and sub-region; Third, the lesson of people- and community-centered cooperation; promoting economic connectivity associated with environmental protection; Fourth, the lesson of combining the efforts of each member with the companionship of ADB and development partners; Fifth, the lesson of turning difficulties into motivation to rise up, the more difficult it is, the more we strive, are determined, and unite to create strength to promote cooperation and development.

The Prime Minister emphasized that in its movement and development, the GMS must continuously innovate and create, both to grasp the general trend of the world and to serve the specific development needs of the sub-region. With that mindset, the Prime Minister said that it is time for the GMS to focus on developing new-generation economic corridors, with innovation at the center, going beyond the limits of traditional economic corridors. On that basis, the Prime Minister proposed three main contents of the new-generation economic corridor, including:

First, the technology and innovation corridor, aiming at multi-subject, multi-sector, multi-stage connectivity. The focus is on supporting countries to overcome shortcomings in institutions, policies, and capacity in technology and innovation and in resources, including human resources and financial resources.

Second, the economic growth corridor, both renewing traditional growth drivers and promoting new growth drivers. In parallel with transport infrastructure projects, industrial production, agriculture, GMS needs to expand investment to create corridors for semiconductors, artificial intelligence, new materials and clean energy; build digital platforms, expand digital markets, improve digital skills of businesses and workers. It is necessary to create substantive and effective changes in facilitating the flow of capital, goods and services in the GMS region.

Third, a green, sustainable and inclusive corridor ensures harmony between economic growth and environmental protection, with people at the center, as the subject, as the driving force, as the resource and as the goal of development. The GMS needs to further promote cooperation programs on environment and ecosystems, disaster management, and climate change response. The GMS also needs to attach special importance to cooperation with the Mekong River Commission in the effective, sustainable, equitable and reasonable management and use of the Mekong - Lancang common river and cooperation in applying technology to the integrated management of transboundary water resources.

Prime Minister Pham Minh Chinh emphasized the need for GMS members to unite and coordinate to respond to challenges, and believed that, with the viewpoint of “valuing time, valuing intelligence, innovating to break through, being creative to reach far, integrating to move forward, uniting for more strength”, this summit will contribute to realizing the vision and goals of the GMS. The Prime Minister affirmed that Vietnam will continue to cooperate closely with member countries and development partners to jointly build an innovative, creative, dynamic, sustainable and prosperous Greater Mekong sub-region.

The conference ended successfully with GMS members unanimously adopting the Joint Declaration and the Innovation Strategy for GMS Development to 2030. The conference also recognized 6 documents on climate and environment, digitalization, investment, gender equality, health, and digitalization of trade documents for implementation in the coming time.

Previously, within the framework of GMS cooperation, on the morning of November 6, the Provincial Governors and Mayors Forum along the Economic Corridor took place. This is an activity initiated by China and held periodically in Kunming, with the aim of promoting exchanges and long-term stable cooperation between local governments and between enterprises of the six GMS member countries.

VNA/baotintuc

Source: https://baohanam.com.vn/chinh-tri/thu-tuong-de-xuat-ba-noi-ham-chinh-cua-hanh-lang-kinh-te-the-he-moi-tai-hoi-nghi-gms-8-140111.html