Vietnam can grow fast and sustainably: Prime Minister
Vietnam can achieve fast and sustainable economic growth without having to choose between growth quality and speed, stated Prime Minister Nguyen Xuan Phuc at the Vietnam Economic Forum (VEF) 2019’s plenary and high-level policy dialogue in Hanoi on January 17.
Prime Minister Nguyen Xuan Phuc addresses the Vietnam Economic Forum 2019’s plenary and high-level policy dialogue in Hanoi on January 17 (Photo: VNA)
Hanoi (VNA) – Vietnam can achieve fast and sustainable economic growth withouthaving to choose between growth quality and speed, stated Prime Minister NguyenXuan Phuc at the Vietnam Economic Forum (VEF) 2019’s plenary and high-levelpolicy dialogue in Hanoi on January 17.
Hesaid that “fast and sustainable” are the key words and the motto for the strategyand action of the Government through the years.
Vietnamhas defined economy, society and environment as three key pillars in its developmentpolicy and models, said the PM, stressing that sustainable growth is notcontrary to fast growth, instead they are the necessary and sufficientconditions for high growth over the long term, especially in the context of thefourth Industrial Revolution.
TheGovernment leader said that Vietnam is experiencing a transformation in growthmodel to a higher ladder in the value chain, with improved living conditions oflocals and strong expansion of the private sector.
Citingstatistics that showed more than 130,000 new firms were established and 34,000enterprises resumed operation last year, he said that was a good signal.
Regardingmissions and targets for 2019, the PM said that the Government will re-evaluateall aspects of its socio-economic governance from the central to local level,with focus on the mindset, the socio-economic planning process in the recent 10years, and governance principles and model.
Accordingto the government leader, principles and governance models that are no longersuitable will be adjusted to complete targets in digital government, growthfacilitation and government’s integrity.
PMPhuc stressed that the Government will also re-assess the real situation andpotential of key economic sectors with a view to creating new driving forces fordevelopment. The Government sees the digital economy as a driver and the locomotivefor fast and sustainable growth of Vietnam, he underscored.
TheVietnam Economic Forum 2019 was jointly organized by the Government and theParty Central Committee’s Economic Commission on January 16 and 17 in Hanoi.
The event aimed toreview the Vietnamese economy’s development in 2018 and discuss its prospects in2019, as well as analyse opportunities along with difficulties and challengesfacing the Vietnamese economy, in order to propose measures to promoteinnovation and bolster socio-economic growth.-VNA
The Government will cooperate with the Party Central Committee’s Economic Commission to host the Vietnam Economic Forum 2019 (VEF 2019) on January 16-17 in Hanoi.
The Vietnam Economic Forum 2019 (VEF 2019), slated for January 16-17, will review the Vietnamese economy’s development in 2018 and discuss its prospects in 2019, as well as outline breakthrough measures to promote innovation and bolster socio-economic growth.
Experts and business representatives all stressed the need for a strategy for the development of Artificial Intelligence (AI) in Vietnam at a thematic workshop held in the framework of the 2019 Vietnam Economic Forum in Hanoi on January 17.
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.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Prime Minister Nguyen Xuan Phuc addresses the Vietnam Economic Forum 2019’s plenary and high-level policy dialogue in Hanoi on January 17 (Photo: VNA) 
