To improve the effectiveness of economic diplomacy

Delegates attend the conference at the Hung Yen’s bridge point.

The conference was held both in face-to-face and virtual forms from the Government headquarters’ bridge point to the bridge points of provinces and cities nationwide and the ones at Vietnamese representative agencies abroad. The conference drew the attendance of Deputy Prime Minister, Minister of Foreign Affairs Bui Thanh Son; Ministers, heads of ministerial-level agencies, and agencies under the Government; leaders of 94 Vietnamese representative agencies abroad... At the Hung Yen’s bridge point the conference saw the participation of comrade Nguyen Le Huy, Member of the Provincial Party Committee’s Standing Board, Vice Chairman of the Provincial People's Committee.

In the first 6 months of 2025, the economic diplomacy has been implemented in a systematic and effective manner, making substantial contributions to socio-economic development. Vietnamese representative agencies abroad have carried out 300 economic diplomacy activities, trade activities, tourism investment, science and technology; supported localities in organizing 150 trade and investment promotion conferences.

The economic diplomacy contributes to maintaining a favorable foreign situation for national development and promoting the attraction of resources to serve growth drivers; improving the effectiveness of performing signed trade liberalization agreements, upgrading existing agreements and proactively negotiating new agreements and new markets; actively supporting localities and enterprises to beef up international economic cooperation.

In recent times, Hung Yen province has focused on boosting economic diplomacy in many forms, including: organizing working sessions with the embassies of countries in Vietnam, international organizations and participating in international forums; organizing investment promotion delegations abroad; maintaining relationships with Vietnamese diplomatic missions abroad, foreign representatives in Vietnam... Up to now, the province has 890 valid foreign direct investment projects with a total registered investment capital of about 16.05 billion USD; 12 foreign non-governmental organizations are allowed to operate, effectively contributing to the socio-economic development of the province.

At the conference, delegates discussed, analyzed, clarified the results, limitations and proposed many solutions and recommendations to improve the effectiveness of economic diplomacy to be more practical and effective, contributing to the goal of double-digit economic growth of localities and the whole country.

Concluding the conference, Prime Minister Pham Minh Chinh assessed that in recent times, economic diplomacy has achieved a lot of positive, more substantial and effective; more professional and methodical results.

In the coming time, the Prime Minister requested that Vietnamese Ambassadors and representatives abroad focus on reviewing and grasping the local situation, forecasting, evaluating, advising and proposing to the Party and State leaders the solutions to avoid surprises in foreign affairs. To continue to closely follow the requirements and development goals of the country and the needs of domestic enterprises and localities, do a good job of connecting the world economy with the Vietnamese economy, connecting foreign enterprises with Vietnamese enterprises, connecting localities of other countries with Vietnamese localities. It is necessary to diversify markets, products and supply chains, ensuring the principle that no market is unique or monopoly.

The Prime Minister requested ministries, branches, localities and enterprises to proactively bolster connections with representative agencies abroad.