Binh Thuan to promote the effectiveness of economic diplomacy under Directive No.15

The newly-issued plan requires the province’s authorities and people to thoroughly grasp the views of the Party and the State on economic diplomacy, and the role of economic diplomacy in mobilizing external resources and contributing to promoting economic diplomacy. Then, it can strongly foster local industrialization and modernization, strengthen the potential, competitiveness and adaptive capacity of the economy, build an independent, self-reliant, proactive economy, and actively integrate into the international community.

At the same time, the plan also concretizes and implements the 7 key tasks of economic diplomacy as stated in Directive 15 and other related documents so that it can be implemented effectively and suitably with the province’s current situation.

Included in the Plan, the Standing Committee of the Provincial Party Committee set the first task for the committees, departments, and bodies at all level is to thoroughly understand the contents of Directive No. 15 and this Plan which aim to cadres, party members, civil servants, public employees and unions members, members and people; especially the content, position, role, importance and tasks of economic diplomacy.

In the process of deploying the plan, it is necessary to focus on renewing the form of popularization and mastering the direction of flexibility, diversity, and suitability for each target group, thereby creating a profound change in the perception of role, position and importance of economic diplomacy.

At the same time, the plan aims to strengthen the dissemination of free trade agreements to which Vietnam is a member, especially to entities such as State management agencies at all levels, associations, enterprises, and cooperatives. Additionally, it continues implementing the twinning relations, cooperation, agreements, and memorandums of understanding signed between the province and the provincial and city governments of countries and international organizations.

Remarkably, the priority is given to promoting diversification and multilateralization of economic diplomatic activities with Asian countries, especially countries sharing borders with Vietnam (Laos, Cambodia and China), other countries which are Vietnam’s comprehensive strategic partners, extensive strategic partners, strategic partners, comprehensive partners; ensuring the close connection between economic diplomacy and cooperation in terms of economy, defence, security, culture, education, science–technology, etc in accordance with the orientations of central agencies; in the spirit of not depending on one market, one partner and taking national interests as the top criteria.

At a conference on the implementation of the Government’s action programme materialising a directive by the Party Central Committee's Secretariat on economic diplomacy and its key tasks this year, Prime Minister Pham Minh Chinh emphasised the need to utilise free trade agreements, and consider establishing long-term, stable economic-trade cooperation frameworks with potential partners, stay updated on the market, step up investment promotion, and connect domestic firms with foreign partners.

Economic diplomacy should be enhanced to attract high-quality investments from multi-national groups, and improve the country’s position in the global supply chain, he said, adding that foreign economic sectors, particularly international tourism and labour export, need to be further promoted.

PM Chinh outlined several focuses of economic diplomacy for 2023, namely pressing on with implementing the Government’s action plan; making economic cooperation the focus of senior leaders’ activities; boosting support for export, investment, tourism, labour, and science-technology in the spirit of putting people, localities and enterprises at the centre; continuing to actively integrate into and connect with the international community; and stepping up research, consultation work, reforms, creativity, and effectiveness enhancement to make substantive improvements to economic diplomacy.