Vietnam will deepen bonds with China and WEF, says PM

The PM noted that this success could be attributed to three words: 'reform', 'innovation', and 'integration', as Vietnam has witnessed profound and historic achievements, emerging from a three-decade war as an embargoed country and transforming into a dynamic middle-income nation.

"Today, we proudly stand among the world's top 40 economies and rank as one of the top 20 trade and investment partners globally. With 16 free trade agreements, and diplomatic relations with 193 countries, Vietnam's economy surged to $430 billion in 2023, with GDP reaching $4,300 per capita and foreign investments registering a record $36.6 billion," said PM Chinh.

The PM further noted, "The first quarter of this year saw growth of 5.66 per cent, with the second quarter expected to surpass this and maintain a more positive trend in the latter half of the year. Vietnam is lauded as a model for healing the wounds of war."

These achievements underscore the effectiveness of Vietnam’s development strategies and policies under the leadership of the Party. Throughout this process, the unwavering principle is to maintain political stability, with people at the centre, serving as the driving force and the most valuable resource for development, ensuring that social progress, social security, justice, and environmental sustainability are prioritised alongside economic growth.

"Regionally, Vietnam has been playing a key role in actively contributing to an ASEAN Community, which is strong, united, and cooperative in its diversity. Vietnam, alongside ASEAN, will deepen collaboration with China, the World Economic Forum, and other partners to champion new drivers of growth. Simultaneously, we will make every effort to maintain and strengthen an environment of peace, stability, cooperation, and development in the region and the world," PM Chinh added.

Green economy, digital economy breakthrough of Vietnam-China ties: PM Prime Minister Pham Minh Chinh on May 14 expressed his belief that economic-investment-trade cooperation, especially in green economy and digital economy, will be a driver and a breakthrough of the Vietnam-China relationship.

Prime Minister chairs seminar with Chinese businesses Prime Minister Pham Minh Chinh on May 14 chaired a seminar with representatives from 19 Chinese groups specialising in green economy and digital economy.

PM chairs meeting on fiscal, monetary policy management Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.