PM underlines importance of building independent, self-reliant economy

Chia sẻ
(VOVWORLD) - Prime Minister Pham Minh Chinh on Saturday stressed the importance of building an independent, self-reliant economy associated with extensive, effective, and practical international integration in Vietnam. 
PM underlines importance of building independent, self-reliant economy  - ảnh 1PM Pham Minh Chinh delivers a speech at Harvard Kennedy School, the US, on May 14, 2022. (Photo: VNA)

Speaking at Harvard Kennedy School, Massachusetts, during his US visit, Mr. Chinh affirmed Vietnam's consistent policy of reform, ‘open doors’, active, extensive, effective and practical international integration.

Vietnam wants to be a good friend, a reliable partner, and a responsible member in addressing regional and international issues for the sake of global prosperity, he said.

Economic independence and self-reliance are associated with independence and self-control in terms of politics, foreign policy, and international integration.

The respect for differences in conditions and characteristics of politics, economy, history, culture, and society will contribute to the diversity and richness of the global economy and national advantages, but along with that, there must be respect for the legitimate rights and interests of countries based on the UN Charter and international law.

PM Chinh stressed that building an independent and self-reliant economy associated with extensive, practical and effective international integration, is based on three pillars: building a socialist-oriented market economy, building a socialist rule-of-law State, and building a socialist democracy.

To realise these objectives, it’s crucial to maintain independence, sovereignty, territorial integrity, and socio-political stability, fine-tune the socialist-oriented market economy institutions in line with international commitments, ensure macroeconomic stability and major balances and deepen practical international integration, he said.