PM: Vietnam commits to realising GMS priorities

The Government of Vietnam commits to implementing initiatives of the Greater Mekong Subregion (GMS) and is translating them into reality.
PM: Vietnam commits to realising GMS priorities ảnh 1Prime Minister Nguyen Xuan Phuc speaks at the plenary meeting of the GMS Business Summit in Hanoi on March 30 (Photo: VNA)

Hanoi (VNA) - The Government of Vietnam commits toimplementing initiatives of the Greater Mekong Subregion (GMS) and istranslating them into reality, Prime Minister Nguyen Xuan Phuc said at theplenary meeting of the GMS Business Summit in Hanoi on March 30.

The PM affirmed that Vietnamfocuses on creating a favourable environment for development, improvinginstitutional and legal groundwork, enhancing management capacity in order tobring about equal opportunities for all economic sectors, while payingattention to training and development of human resources, infrastructuredevelopment, and only considers investing into important areas which haveproved difficult for private businesses to invest in.

“Vietnam will continue improving the business environment tocreate a facilitative and competitive business environment,” he said, addingthe country has worked to implement its commitments to protecting intellectualproperty, innovative ideas and inventions of start-ups.

The country will continue to boosttax policy reforms and corporate tax rate will be decreased to 15 – 17 percentand put in place many preferential regulations for investment in advancedtechnology, supporting industries, and high-tech organic agriculture, and otherareas that create a lot of employment opportunities, he pledged.

As one of the three pillars of the GMS, the Government of Vietnam currentlyprioritises investing and attracting investment in the vital transport routes,he said.

The country is actively promotinginvestment in transport infrastructure on the East-West, North-South, andsouthern economic corridors, he added.

The Vietnamese Government also commits to implementinginitiatives to support border trade, investment, tourism, agriculture andeconomy, as well as other forms of cross-border economic cooperation.

The leader said Vietnam will further promote active international integration in the GMS and the CLV. From 2018 to 2019, the Southeast Asian nation will focus on the signing and ratification of two new-generation free trade agreements, namely Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and EU-Vietnam Free Trade Agreement (EVFTA).

In his speech, PM Nguyen Xuan Phuc welcomed nearly 2,600 investors andentrepreneurs of the region and the world to Vietnam to attend the 6th GMS Summit and the 10th Cambodia-Laos-Vietnam (CLV) Summit, sayingthat they are the major driver of GMS economic growth.

Amidst the profound transformations underway in the worldeconomy and development environment, the GMS needs to find more robust driversfor its development such as promoting effective use of both internal andoutside resources, effectively harnessing the technological advancements andbreakthroughs, and ensuring rapid and sustainable development remain a toppriority, he said.

The plenary session also heard speeches by Thai PrimeMinister Prayut Cha-o-cha, Cambodian Prime Minister Hun Sen, Lao Prime Minister Thongloun Sisoulith, Myanmar Vice President UHenry Van Thio, State Councilor of the People’s Republic of China Wang Yi,President of the Asia Development Bank Takehiko Nakao, Secretary General of theAssociation of Southeast Asian Nations (ASEAN) Lim Jock Hoi, and World BankManaging Director and World Bank Group Chief Financial Officer Joaquim Levy.

The event sawthe paricipation of representatives from nearly 100 international organisationsand development partners, together with more than 2,000 domestic busineses andthose outside the GMS region.-VNA
VNA

See more

State President Luong Cuong (R) and Lao Minister of Foreign Affairs Thongsavanh Phomvihane. (Photo: VNA)

Vietnamese State President hosts Lao foreign minister

Lao Minister of Foreign Affairs Thongsavanh Phomvihane believed that Vietnam will successfully realise the Resolution of the 13th National Party Congress, especially as it approaches the 14th National Party Congress, and on the way to become a developed, high-income nation by 2045.

Spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang. (Photo: VNA)

Vietnam ready to cooperate closely with US in receiving deported nationals

Hang made the statement while answering a reporter’s query about Vietnam’s handling and receiving of Vietnamese nationals deported from the US, as President Donald Trump has announced that he will enact a deportation campaign against illegal immigrants or those with prior criminal records, which include Vietnamese.

Party General Secretary To Lam (R) receives visiting Lao Minister of Foreign Affairs Thongsavanh Phomvihane in Hanoi on February 13. (Photo: VNA)

Party chief receives Lao Minister of Foreign Affairs

Party General Secretary To Lam affirmed Vietnam’s commitment to preserving and strengthening the great friendship, special solidarity, and comprehensive cooperation with Laos in a more practical and effective manner.

Party General Secretary To Lam addresses the discussion (Photo: VNA)

Restructuring political system awaited by public: Party leader

Speaking at a group discussion on the draft Law on the Government Organisation (revised), the draft Law on the Organisation of Local Government, and a draft resolution addressing a number of issues related to State apparatus restructuring as part of the National Assembly’s 9th extraordinary session on February 13, the Party chief said that the policy is something the people have long awaited.

Politburo member, permanent member of the Secretariat of the PCC Central Committee, and head of the committee’s Organisation Commission Roberto Morales Ojeda addresses the event (Photo: VNA)

Communist Party of Vietnam’s founding anniversary celebrated in Cuba

A ceremony was held in Havana on February 12 to mark the 95th founding anniversary of the Communist Party of Vietnam (February 3, 1930 - 2025), with the attendance of high-ranking Cuban leaders and representatives from Cuban socio-political organisations and the Vietnamese community in Cuba.

Prime Minister Pham Minh Chinh (right) meets with General Director of Samsung Vietnam Choi Joo Ho in Hanoi on February 12. (Photo: VNA)

PM receives Samsung Vietnam leaders

PM Pham Minh Chinh thanked Samsung Vietnam General Director Choi Joo Ho for his contributions to the development of Samsung Vietnam and the relationship between Vietnam and the Republic of Korea (RoK)