PM asks experts to study new driving force for development
Prime Minister Nguyen Xuan Phuc asked experts to study to seek a new driving force for development during a working session with the National Advisory Council on Financial and Monetary Policies and the economic advisory group on January 19.
Prime Minister Nguyen Xuan Phuc at the event (Photo: VNA)
Hanoi (VNA)🥀 – Prime Minister NguyenXuan Phuc asked experts to study to seek a new driving force fordevelopment during a working session with the National Advisory Council on Financial and Monetary Policies and the economic advisory group onJanuary 19.
"We have basically preparedan important foundation for 2021 and the next five years in terms ofproduction capacity and macro-economic system," he said, noting that given the complicated developments inthe region and the world, Vietnam should accept changes in the newcondition, including changes in habits and even legal institutions related to economic development. He required the experts to closely follow economic situation both in and outside the country, timely notice of newly arising problems in order to provide timely recommendations to the PM on suitable mechanisms, policies and solutions to address them. Mentioning existing shortcomings, the Government leader calledattention to lessons to prevent inflation and bad debts as well as mechanisms to turn science-technology and innovation into a driving force toimprove labour productivity and competitiveness. Links between foreign-investedand domestic firms remain loose while the rate of domestically-made productsin automobiles and electronics is still low. In the near future, he said theGovernment has a lot to do, especially working to create strategic breakthroughs in economic reform andrestructuring, renewing growth model, developing businesses, improving businessenvironment, stepping up national digital transformation and attractingresources for sustainable development. He stressed that national digitaltransformation is indispensable.
The PM also urged the experts to suggest measures toachieve the dual goal of fighting the pandemic and restoring socio-economicdevelopment, tap opportunities from signed free trade agreements, and perfect business administration mechanisms for State-owned enterprises.
Experts shared the view that 2020 was a successful year despites the challenges, and the Government had taken drastic actions to control thepandemic and promote economic growth last year. They proposed the Governmentcontinue focusing on fighting the pandemic, stimulating export and domesticconsumption, and stepping up public investment.
🐠 Other opinions suggested maintaining macro-economicstability, promoting consumption and private investment and consolidating policies. They also urged the Government to pay more attention to green development and circular economy, adding that institutional reform should focus on renovation, productivity improvement and digital economy. Besides, aid packages should be continued and vaccine production hastened to bolster economic growth./.
The COVID-19 pandemic may have caused disruptions to start-ups and innovative enterprises, but it had also created opportunities for them to turn into real businesses.
Although Vietnamese enterprises continue to do well amidst the COVID-19 pandemic, the Government should devise more drastic measures to remove bottlenecks for them to develop further, according to experts.
Vietnam’s Ambassador to Brazil and Bolivia Bui Van Nghi has led an embassy delegation to attend official events marking the 200th anniversary of Bolivia’s Independence Day.
Party General Secretary To Lam met with members of the Vietnam Innovation Network in Korea (VINK) and Vietnamese experts living and working in the Republic of Korea (RoK) in Seoul on August 10 as part of his state visit to the RoK.
In an interview with Korean media on the occasion of Party General Secretary To Lam’s state visit to the RoK, Deputy Prime Minister and Foreign Minister Bui Thanh Son affirmed that the visit demonstrates Vietnam’s strong resolve to further deepen the Comprehensive Strategic Partnership with the RoK, with the aim of fostering greater political trust, closer strategic coordination, more substantive and comprehensive cooperation, and stronger bonds of friendship between the two countries' people.
Prime Minister Pham Minh Chinh, who is also a Politburo member and Secretary of the Government Party Committee, attended the 4th Party Congress of the EVN Party Organisation for the 2025–2030 tenure on August 10, directing EVN to ensure power supply to meet the country’s development demands with double-digit growth set for the coming years.
Party General Secretary To Lam and his spouse Ngo Phuong Ly, along with a high-ranking delegation of Vietnam arrived in Seongnam Air Base in Seoul on August 10 afternoon (local time), beginning a state visit to the Republic of Korea from August 10-13.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Prime Minister Nguyen Xuan Phuc at the event (Photo: VNA) 
