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Profound changes in international economic integration (26/12)

26/12/2012 - 18 Lượt xem

Nguyen Thi Nguyet Nga also said that the global economy in 2012 was recovering in trouble and the balance of power in the region and the world had profound shifts while countries were trying to restructure their economy. It was created challenges in terms of security and development for developing countries like Vietnam.
Vietnam still pursued trend on international economic integration to actively participate in all levels of association, leading international economic integration to become a foundation for the deployment of comprehensive international integration. Despite difficulties for the big economies, Vietnam's trade turnover with key partners increased. Total export turnover in the first 11 months of 2012 was estimated to reach over US$104 billion, an increase of 18.4 percent compared to the same period last year. Export turnover of enterprises with foreign investment capital and domestic enterprises were estimated to reach nearly US$65.6 billion and US$38.4 billion, an increase of 31.8 and 0.9 percent compared to the same period last year respectively. Trade turnover in the first 10 months of 2012 between Vietnam and China and the US increased by 17.4 and 15 percent respectively. In the first nine months of 2012, Vietnam's exports to Japan, the Republic of Korea and the EU increased by 29.2, 11.5 and 23 percent compared to the same period last year respectively. It was considered a bright point in the Vietnamese economy in 2012. 
A specific feature in the deployment of international economic integration in 2012 was that Vietnam simultaneously launched five FTA negotiations with key partners, including four bilateral FTAs with the EU, the EFTA, the Republic of Korea and Russia-Belarus-Kazakhstan tariff union and the Regional Comprehensive Economic Partnership (RCEP). Ministries had coordination to participate in TPP negotiations. Therefore, Vietnam ensured basic requirements and core interests in the negotiation process. Moreover, the movement to recognize the Vietnam's market economy from international countries, including Japan, Italy, Norway, Switzerland, Ireland and Liechtenstein achieved remarkable results.
In the framework of the WTO, Vietnam completed procedures for the first participation in the Cairns Group and the Government Procurement Agreement (GPA) and for the implementation of commitments when participating in the WTO.
At the ASEAN, APEC and ASEM forums, Vietnam had many initiatives serving for efforts in the economic restructuring in order to ensure the benefits in terms of security and national development, contributing to promote the central role of ASEAN and enhance cooperation in the Greater Mekong Sub-region. It can be mentioned to these efforts in the preparation to establish the ASEAN Community and in collaboration with Hungary to propose and implement Mekong-Danube cooperation on the protection of water resources within the framework of ASEM.
Vietnam proposed initiatives to strengthen the connection and cooperation in areas, such as the use and sustainable management of the Mekong River. A series of important projects serving for Vietnam's infrastructure development have been put into action plans, such as Lach Huyen deepwater port project and Cai Mep-Thi Vai international seaport. A number of programs focusing on providing clean water, natural disasters prevention and adapting to climate change have also been implemented. Prime Minister Nguyen Tan Dung gave out several initiatives to promote multilateral transport in order to enhance connection in the region.
According to forecasts, the global and regional economy in 2013 will be faced many difficulties. The Doha negotiation is expected to continue to sink deeper into deadlock. Its situation will promote the continued going into bilateral and regional links and trend on protectionism will thrive. Therefore, the deployment of the international economic integration in the near future will also focus on building orientation to 2020 in order to create breakthrough./.

Source: VEN.