Prime Minister Pham Minh Chinh speaks at the 4th Vietnam Economic Forum. Photo: VNA

The 4th Vietnam Economic Forum has affirmed the correct and effective policy of the Party and State on pursuing Doi Moi (renewal), building an independent, self-reliant economy in combination with proactive and active international integration, Prime Minister Pham Minh Chinh said at the forum on June 5, as cited by VietnamPlus.

The effective implementation of this policy during more than 35 years of Doi Moi has contributed to producing historical achievements, the Government leader told the high-level session at the forum, adding that in the current situation, the building of an independent, self-reliant economy in combination with proactive and active international integration is an objective inevitability.

He stressed that the 13th National Party Congress has set the goal of Vietnam becoming a developing country with modernity-oriented industry and income above the lower middle level by 2025, a developing country with modern industry and upper middle income by 2030, and a developed country with high income by 2045.

However, Vietnam will not sacrifice social justice and security and the environment for economic growth, the PM said.

Therefore, Vietnam has defined that people is the centre, the subject, the target and the driving force of development.

Major tasks, solutions

Prime Minister Pham Minh Chinh at the 4th Vietnam Economic Forum. Photo: VGP

On key tasks and solutions, PM Chinh said the first thing is to create a peaceful environment, maintain national independence, sovereignty and territorial integrity, political stability, social order and safety, and stabilize the legal environment, thus creating the foundation and favourable conditions for building an independent, self-reliant economy in combination with extensive and in-depth international integration.

Another task is to continue fine-tuning institutions of the socialist-oriented market economy that suit Vietnam’s conditions and international commitments.

PM Chinh stressed that the building of an independent, self-reliant economy in combination with extensive and in-depth international integration has an especially important meaning for the country in the new period.

“Vietnam affirms our consistent policy of not choosing a closed economy, but instead staying steadfast to the direction of Doi Moi (renewal), building an independent, self-reliant economy in combination with proactive and active international integration,” he said, reiterating that Vietnam wants to be a good friend, a reliable partner and a responsible member of the international community, ready to join hands with the international community to address regional and global challenges for a peaceful, cooperative and prosperous world.

4th Vietnam Economic Forum

The forum was was organized by the Party Central Committee's Economic Commission, and the Government in collaboration with the Ho Chi Minh City People's Committee. Photo: kinhtedothi.vn.

The 4th Vietnam Economic Forum, themed “Building an independent and self-reliant economy with extensive integration in the new context” was organized by the Party Central Committee's Economic Commission, and the Government in collaboration with the Ho Chi Minh City People's Committee, VOV reported.

The Forum discussed the content of an independent and self-reliant economy, and propose policies and solutions for building capacity for economic self-reliance and approaches between building a self-reliant economy and global integration.

Within the framework of the Vietnam Economic Forum, there are a plenary session and three seminars on developing a stable labor supply chain after the Covid-19 pandemic; developing capital and real estate market; technological innovation, digital transformation and supply chain diversification.

According to the Organizing Committee, this year's Vietnam Economic Forum serves as a place for representatives of central and local departments, ministries, sectors, and international organizations, scientists, research experts, and entrepreneurs to exchange ideas and share views on issues of shared concern.

The plenary session focused on topics such as the global economy and major trends in international economic cooperation, Vietnam in the current global economy, opportunities and challenges, training digital human resources for digital transformation, digital economy development and digital society promotion and risk management in the new context.

Delegates discussed and shared views on the contents of an independent and self-reliant economy of Vietnam in the new contexts and situation, focusing on the global economy and major trends in international economic cooperation, opportunities and challenges of Vietnam in the global economy, human resource training for digital technology to create breakthroughs in science-technology, and national risk management in the new situation.

They also made policy recommendations on consolidating the Vietnamese economy’s internal strength, enhancing its competitiveness and resilience against outside shocks, and handling the relationship between building an independent, self-reliant economy and international integration.

The first Viet Nam Economic Forum was held in 2017, VGP News said./.

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