Vietnam puts forward initiatives to promote Asia’s role and sustainable development

He said Asia remains a dynamic and steady growth region, citing the fact that after each crisis in the past three decades, Asia has overcome difficulties, resolved challenges, developed more strongly and truly become a role model of development with pioneers and leaders in many new fields.

To promote its role and development in the future, he said it’s necessary for Asia to maintain a peaceful and stable environment as a premise for cooperation and development, while respecting the United Nations Charter and international law, especially the 1982 United Nations Convention on the Law of the Sea.

In his viewpoint, benefits from trade and investment liberalization are distributed widely and equally among countries, and countries uphold multilateralism and take a global, all-people, comprehensive approach in solving common challenges.

The Deputy Prime Minister called on regional partners to promote and strengthen the adaptive capacity and resilience of Asian economies and businesses.

According to him, through multilateral frameworks, regional economies need to increase information sharing, coordinate macro policies, and promptly promote regional and inter-regional economic cooperation initiatives.

Cooperation on food security, energy security, cyber security and trade connections to diversify supply sources is necessary to contribute to strengthening the economic security of the Asian region, he stressed.

He also suggested bringing into full play resources to promote new growth drivers in the green economy and digital economy, saying regional economies need to prepare to welcome new development trends, such as artificial intelligence, quantum computing, and new energy; pilot and replicate green, circular, and sharing economy models; and enhance the implementation of regional initiatives such as Japan’s Asia Zero Emission Community (AZEC) initiative; the ASEAN Digital Economy Framework Agreement, the ASEAN Blue Economy Framework, and the ASEAN Strategy for Carbon Neutrality.

To do this, the Deputy Prime Minister requested that developed countries continue paying attention to and providing support to developing countries in terms of finance, technology transfer, and improving capacity building to implement commitments on green growth, emission reduction, climate change adaptation, and human resources training.

Amidst common challenges in the region, the Vietnamese leader called on businesses to accompany the governments in implementing its commitment to sustainable development, towards long-term economic, environmental and social goals. He underscored the need to increase investment in science - technology, and human capital, and in building inclusive, self-reliant communities, considering this an opportunity for Asian businesses to establish positions in global supply chains.

The Deputy Prime Minister expressed his hope that leaders would support youth exchange programmes to strengthen mutual understanding and build up trust for the next generations.

He also highly appreciated Japan’s role in shaping Asia’s future development, saying as one of the most developed economies in the region, Japan has made important contributions to regional cooperation and development over the past decades.

He expected that Japan, with its advantages in capital, technology and governance, would continue to play a leading role in promoting regional economic cooperation and development, as well as supporting and accompanying partners in Asia and ASEAN on this journey.

At the meeting, Deputy PM Khai affirmed that Vietnam is part of the great Asian family, and it wishes to further promote its role as a good friend, a reliable partner, and a responsible member of the region and the international community.

He briefed delegates on Vietnam’s recent development achievements and its policy line, saying the country is entering a new stage of development with the vision of becoming a developed economy by 2045.

To realise the goal, he said Vietnam focuses on implementing three strategic breakthroughs, namely economic institutions, infrastructure and human resources; steadfastly building an independent, self-reliant economy closely linked to deep, active and effective international integration; and persistently implementing the foreign policy line of independence, self-reliance, peace, friendship, cooperation and development, along with multilateralization and diversification of foreign relations.

He also assured that the Government of Vietnam accompanies foreign investors to iron out snags for win-win results.