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Regarding the central role of ACMECS in the Mekong sub-regional cooperation. PM Pham Minh Chinh believes it is an indispensable component of the ASEAN Community, a gateway connecting ASEAN with Northeast Asia, Southeast Asia, and a bridge between the Pacific and Indian Oceans. ACMECS cooperation in the coming time needs to be the convergence of shared aspiration, vision, determination, voice and action. With such a viewpoint, he proposed six contents for ACMECS cooperation to make breakthroughs.

Firstly, ACMECS needs tightened coordination to ensure consistency from strategy building to actual implementation. Cooperation plans and programs need to be substantial, and practical to match with the development needs of the member countries, and mobilized resources. PM Chinh announced that Vietnam will contribute US $10 million to the ACMECS Development Fund.

Secondly, PM Chinh highlighted the need to combine tradition and modernity, ensuring synchronous and harmonious development between traditional economic sectors and new and modern technology sectors.

On the one hand, ACMECS needs to support its member countries to renew traditional growth drivers, and promote investment, consumption and trade. On the other hand, ACMECS needs to promote new growth drivers to help the member countries seize new opportunities and participate more deeply in regional and global value chains.

Comprehensive and extensive digital transformation should be prioritized through mobilizing capital for infrastructure investment and digital services, supporting start-ups and innovation. The application of digital technology to the manufacturing and processing industry, information and communications, finance, banking, digital customs, and smart border gates is much needed.

Thirdly, ACMECS need breakthroughs in promoting green transition, developing circular economy and sharing economy, he said. Top priority should be attracting green finance for developing green industries, clean agriculture, and low-emission transportation

Countries needs better cooperation in the management and sustainable use of the Mekong River's water resources. It is important to create shared initiatives between ACMECS and development partners to transfer technology and improve capacity in sustainably using and managing transboundary water resources, especially in terms of real-time hydrological data sharing, he stressed.

These initiatives require solidarity and political trust, and the sharing of information and mutual consultations on plans and projects related to the Mekong River's water resources. Chinh also stressed the need for cooperation in disaster management, early warning systems among the Mekong countries, and develop highly resilient infrastructure.

Fourthly, he mentioned regional and international connectivity, adding that it is needed for the circulation of goods and services, and the movement of people among the five nations. People among ACMECS will be benefited from the simplification and harmonization of procedures, such as a developed transport infrastructure and so on.

PM Pham Minh Chinh (far left) at the 10th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit (Photo: VNA).

According to Vietnamplus, Chinh urged the five countries to enhance the sharing of information and coordination in building economic development plans and policies to increase mutual complementarity and spread benefits, and convince development partners to make joint investments with ACMECS to ensure "seamless connectivity for an integrated Mekong sub-region."

Fifthly, the Vietnamese leader suggested that all strategies, action plans, and projects of ACMECS should take people and businesses as the center, the subject, the goal, and the driving force to bring practical and inclusive benefits and ensure that no one is left behind.

Ministers, senior officials, and the ACMECS Secretariat should develop the next phase of the ACMECS Master Plan, focusing on inclusivity with projects aimed at benefiting the people, especially those in remote areas; and supporting businesses in participating in regional and global supply chains.

Sixthly, Chinh's last points shed the spotlight on combating transnational crimes, particularly drug trafficking and cybercrime, not allowing anyone to use the territory of this country to harm another.

The assessments and proposals made by the Vietnamese PM were hailed by participants and reflected in the conference’s documents.

Within the program of the summit, the leaders adopted the Vientiane Declaration, and witnessed the transfer of the ACMECS chairmanship from Laos to Myanmar.

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