Int'l economic integration regarded as Vietnam's reform momentumThursday, December 21,2017
AsemconnectVietnam - The Vietnamese government is persisting with a policy of comprehensive international integration, focusing on economics, said Prime Minister Nguyen Xuan Phuc at the Vietnam International Economic Integration Forum on December 20 in Hanoi.
He asked the Inter-sectoral Steering Committee for International Economic Integration to enhance connections and coordinate ministries, sectors and localities to effectively implement the international economic integration work and examine international economic integration agreements, especially commitments in free trade agreements (FTAs).
He underlined the need for business to to study FTAs in order to build their own business plans and cope with challenges while urging small- and medium-sized enterprises (SMEs) should promote their linkages via associations to protect their legitimate rights in the context of increasingly fierce competition, and to deal with new international trade barriers.
The cabinet leader also emphasized the important role played by businesses, private enterprises in particular, saying that the private sector is a driving force of the national economy.
Echoing views of participants at the forum, PM Phuc underscored the necessity of increasing labour productivity, developing human resources, improving national governance capacity, along with utilizing internal resources and taking full advantage of international integration opportunities and the 4th industrial revolution.
He also called for and hailed support and cooperation from international partners and community for Vietnam’s economic development.
The PM asked the Inter-sectoral Steering Committee for International Economic Integration to closely coordinate with domestic and foreign research agencies to promote researches on strategic issues regading international economic integration to provide advice to the Government in the policymaking process.
The forum, hosted by the Inter-sectoral Steering Committee for International Economic Integration, saw the attendance of 300 domestic and foreign delegates.
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