The Prime Minister underlined his commitment to an independent and integrated economy in his speech at Harvard

VIETNAM, May 15 –

Prime Minister Phạm Minh Chính spoke at Harvard Kennedy School in Boston, Massachussets on May 14. — VNA/VNS Photo Dương Giang

WASHINGTON – Prime Minister Phạm Minh Chính delivered a presentation on building an independent economy coupled with broad, effective and substantial international integration in Việt Nam during his visit to Harvard Kennedy School in Boston on May 14 (US time). United States) as part of his work trip to the United States.

Prime Minister Chính emphasized the importance of independence as stated in the United States Declaration of Independence: “All men are created equal. They are endowed by their Creator with certain inalienable rights, among which life, liberty and the pursuit of happiness”, and the spirit of which had been taken up in Việt Nam’s own declaration of independence drafted by the late President Hồ Chí Minh.

The Vietnamese founding father from the very beginning of modern Việt Nam expressed the desire to establish equal and comprehensive relations with the United States in the latter to US President Harry Truman in 1946.

Việt Nam-US relations have gone through so many vicissitudes and breakthroughs to accomplish so much since the two ties were officially normalized in 1995. In the 27 years since, four successive US presidents have visited Việt Nam, Prime Minister Chính said.

Trade plays a vital role in bilateral relations. In 2021, ASEAN-US trade reached $362 billion, of which Việt Nam-US trade alone accounts for a third of the total at $112 billion.

Việt Nam and the United States have overcome their differences and reached fundamental principles for their relationship, as affirmed in the Việt Nam-United States Joint Vision Statement issued during the official visit of the General Secretary of the Communist Party from Việt Nam Nguyễn Phú Trọng in the United States. in 2015, which emphasized respect “for everyone’s political institutions, independence, sovereignty and territorial integrity”, Prime Minister Chính noted, adding that Việt Nam highly appreciates the support from the United States to a strong, independent and prosperous Việt Nam over the years.

The head of the Vietnamese government affirmed the coherent policy of “open doors”, reforms, active, extensive, effective and practical international integration; facilitate and protect the legitimate interests of efficient and long-term sustainable businesses and business partners in the spirit of “harmonized benefits, shared risks” and respect for laws.

Việt Nam hopes to be a good friend, a reliable partner and a responsible member in solving regional and international problems for the sake of global prosperity.

Thanks to these policies, Việt Nam’s economy has seen amazing achievements from its low starting point. In 2021, Việt Nam’s GDP reached $362 billion, up from just $4.2 billion in 1986, when the đổi mới (renewal) process has begun. The country has become the fourth largest economy in ASEAN, one of the 20 countries with the largest volume of trade in the world, the largest exporter of rice and many other agricultural products, and has 15 free agreements – active exchange with other countries and regions of the world. .

Speaking on why an independent but deeply integrated economy is needed, Prime Minister Chính said that there have been many complex and unpredictable developments in the world recently – increasing strategic competition, financial and currency risks and disruptions to supply chains, adverse reactions to globalization, and other traditional and non-traditional security issues such as climate change, pandemic, aging population, depletion of natural resources, security energy and food, cybersecurity, human security, etc.

These problems place countries in a situation where they need to focus on strengthening the autonomy and independence of their economies to mitigate the impacts of external shocks, but this should not mean a total shutdown of the world, but going hand in hand with an open door policy and international integration, said Prime Minister Chính.

Việt Nam, like other developing countries, wants to advance its economy to overcome the middle-income trap and become a developed nation, according to the prime minister.

To be successful, each country will have different methods, roadmaps and appropriate steps taking into account its own characteristics and conditions, but special attention should be paid to some universal requirements. Accordingly, economic independence and autonomy are associated with independence and autonomy in terms of politics, foreign policy and international integration.

Respect for differences in the conditions and characteristics of politics, economy, history, culture and society will contribute to the diversity and richness of the world economy and national benefits, but along with this, there must be respect for the legitimate rights and interests of countries based on the Charter of the United Nations and international law.

The prime minister said that Việt Nam has both embarked on broad international integration and made great efforts to improve its internal capacity, respond flexibly and effectively to external shocks such as the 1997 Asian financial crisis. -1998, the global financial crisis of 2007-08, and the global COVID-19 pandemic.

In the current context, Việt Nam must continue to promote the construction of an independent and self-sufficient economy associated with a proactive and active international integration for three main reasons: the first is to solve the great challenges of Việt Nam; the second is to ensure independence, sovereignty and national interests; the third is to improve the country’s capacity and potential for effective integration into the global economic system and the effective implementation of international commitments.

Measures to achieve development goals

According to Prime Minister Chính, the concept of building an independent and self-sustaining economy, coupled with proactive and active international integration, has been clearly defined and is a consistent goal in Việt Nam’s 2013 Constitution and Party resolutions and national development platforms.

Prime Minister Chính presented Việt Nam’s strategic national development goals – to become a developing country with modern industry and upper middle income by 2030, and to become a developed high-income country by 2045.

To achieve these goals, the main objectives of building an independent and self-sustaining economy coupled with proactive and active international integration are: to build an efficient and sustainable economy with reasonable structures; improving resilience and competitiveness; adapt flexibly and effectively to changing international, regional and national situations; take full advantage of the opportunities of international integration to create a driving force for rapid recovery in the short term and sustainable development in the medium and long term.

At the same time, special attention should be paid to social progress and justice, social security and people’s lives, as General Secretary Nguyễn Phú Trọng pointed out: “We must not sacrifice progress social and social equality in the pursuit of economic growth,” the Prime Minister remarked.

With regard to fundamental principles, the Prime Minister underlined that the construction of an independent and autonomous economy, combined with deep, substantial and effective international integration, would be based on three pillars: the construction of a market-oriented economy socialist, building a socialist state rule of law and building a socialist democracy.

To achieve the goals, Prime Minister Chính mentioned a number of missions and actions to be taken.

First of all, the maintenance of independence, sovereignty, territorial integrity, socio-political stability, in order to have an environment conducive to the development of the economy so desired.

The second is to perfect the institutions of the socialist-oriented market economy in a synchronous, modern and integrated manner, in accordance with international commitments.

The third is to maintain macroeconomic stability, deepening substantial international integration.

The fourth is to focus on the restructuring of the economy in combination with a profound renewal of the growth model that will orient the economy towards science and technology, innovation, resource efficiency and green growth.

The fifth is to mobilize all social resources, promote the important role of domestic and foreign enterprises.

The sixth is human resource development and modern national governance. Prime Minister Chính mentioned a number of specific annual targets to be achieved by 2025, such as ranking in the top 50 countries in terms of Industry 4.0 (WEF) competitiveness; the top 40 countries with sustainable development (UN); Top 60 countries with e-Government (UN), etc.

Concluding his speech, Prime Minister Chính said he greatly appreciates the positive results of Fulbright University and the Việt Nam Executive Leadership Program (VELP) which is jointly implemented by Harvard University and Vietnamese government agencies, expressing a desire to replicate this model with other renowned universities in Vietnam. the United States and the world.

Doug Elmendorf, Dean of Harvard Kennedy School, said he looked forward to the Prime Minister’s speech on Việt Nam’s development policies and vision as well as the challenges facing the country in the new era of development. .

After the Prime Minister’s presentation, the ministers and the members of the delegation took the floor and took part in a discussion with professors from Harvard University on the development orientations of Việt Nam. —VNS

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