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Increasing independence, self-control in economic integration (27/8)
27/08/2012 - 14 Lượt xem
The
4th Session of the 10th Central Party Executive Committee announced
Resolution 08/NQ-TW dated February 5, 2007, outlining major policies
for rapid and sustainable economic development after Vietnam became a
member of the World Trade Organization (WTO). Following Resolution
08/NQ-TW, the Government made public Resolution 16/NQ-CP via an action
program, which provided comprehensive guidelines for development to
make the most of internal and foreign strengths to contribute to the
tremendous socioeconomic development experienced for many years.
The
Vietnamese economy grew at an average of seven percent annually in the
last five years. Export earnings increased three fold from US$30
billion to US$96.9 billion from 2006-2011 and reached US$62.93 billion
in the first seven months of this year, marking a 19 percent increase
from a year ago and a 19.25 percent increase annually during this
period. Export markets have expanded. Foreign direct investment (FDI)
has also increased with many large projects. Total FDI capital has
increased seven fold against the 2001-2005 period. Gross Domestic
Product (GDP) has increased 2.3 fold annually, and the per capita GDP
has increased more than two fold. Vietnam is no longer an
underdeveloped country as it has become an average-income developing
country and its position in the international arena is rising.
Prime
Minister Nguyen Tan Dung said that Vietnam had achieved great results
during five years of implementing Resolution 8 and being a member of
the WTO. Vietnam has implemented almost all its WTO commitments and has
comprehensively assessed the impacts of WTO membership commitments.
Vietnam has also deepened its integration with the Association of
Southeast Asian Nations (ASEAN) with a goal to drive towards an ASEAN
Economic Community by 2015.
Vietnam
has actively joined negotiations and preparations for several major
Free Trade Agreements (FTAs) such as a Trans Pacific Partnership (TPP)
Agreement and a Bilateral FTA with the EU, while implementing an ASEAN
Framework on Regional Comprehensive Economic Partnership.
The
Party's new economic thinking, regarding international economic
integration, had resulted in tremendous gains for the country, said
Prime Minister Nguyen Tan Dung.
Minister
of Industry and Trade Vu Huy Hoang said that the Party's proper
awareness of economic integration would help the country take the right
steps on the integration path. Apart from opportunities for economic
development, Vietnam has predicted major challenges, regarding
competitiveness of the economy, businesses and products, which despite
improvements are still weak when compared with foreign countries. The
economic structure and the quality of growth have not improved
significantly, while investment efficiency is not high. The FDI sector
has not had a good impact on other economic sectors. These shortcomings
have together created major hindrances for the country to join the
global playing field.
Vu
Huy Hoang said that Vietnam needs to build an increasingly independent
and self-controlled economy in the context of deepened international
economic integration following the Socioeconomic Development Strategy
for 2011-2020. Meanwhile, the consistent implementation of foreign
affairs policies underlining independence, self-control, peace,
cooperation and development, multilateralization, and active
international integration are necessary. Vietnam is a friend, a
reliable partner and a responsible member of the international
community. It wants to create a peaceful and stable environment and
favorable conditions for national development.
International
economic integration is a task for everyone to be implemented under the
Party's leadership and the State's management. For this reason, apart
from the leading role of governing agencies, it is important to improve
the role of the public, particularly businesses, in international
economic integration. In addition, domestic renovation should be the
basis for international economic integration, said Vu Huy Hoang.
Vu
Huy Hoang also suggested that the Government put in place a new
resolution, to replace Resolution 16 and offer new solutions for faster
and more sustainable economic development in the near future./.
Source: VEN
Source: VEN
