PM lauds Australia’s Southeast Asia Economic Strategy to 2040
Prime Minister Pham Minh Chinh has commended Australia’s Southeast Asia Economic Strategy to 2040, stressing that ASEAN’s development cannot be achieved without Australia’s active contributions, particularly from private businesses.
PM Pham Minh Chinh speaks at the event (Photo: VNA)
Vientiane (VNA)🌳 – Prime Minister Pham Minh Chinh has commended Australia’s Southeast Asia Economic Strategy to 2040, stressing that ASEAN’s development cannot be achieved without Australia’s active contributions, particularly from private businesses.
PM Chinh was addressing a ceremony marking the first anniversary of Australia’s strategy held in Vientiane on October 11, on the sidelines of the 44th and 45th ASEAN Summits and related meetings.
He suggested Australia develop balanced trade and invest in infrastructure connectivity and logistics projects, expand cooperation in both traditional and emerging fields such as digital economy, green economy, and innovation.
The Vietnamese leader proposed that Australia broaden collaboration in education-training, labour, and youth partnerships to bring new breakthroughs in ASEAN-Australia economic ties in the coming years, in line with the ASEAN-Australia Comprehensive Strategic Partnership established in 2021.
In his speech, Australian PM Anthony Albanese highlighted Australia's significant strides in the region over the past year, including the dispatch of 220 business delegations to explore investment opportunities and the establishment of a 2 billion AUD investment support fund. This has resulted in a more than 1 billion AUD increase in foreign direct investment in Southeast Asia, bolstered by the opening of three new investment promotion centres in Ho Chi Minh City, Jakarta, and Singapore.
Furthermore, Australia has awarded 130 scholarships to the region, launched a 22.5 million AUD support package for the Mekong sub-region, and extended visa duration for ASEAN businesses from three to five years./.
Vessel 18 under Brigade 171 of Naval Region 2 actively participated in activities within the framework of Exercise Kakadu 2024 on September 10-11 in Darwin, Australia.
Vietnam and Australia will prioritise coordination in implementing the Comprehensive Strategic Partnership, including the newly established ministerial-level dialogue mechanisms on trade, energy and minerals to create a favourable environment for their businesses.
Vietnam always regards the RoK as an important and long-term strategic partner; and hopes that the two sides will work together to further deepen the Comprehensive Strategic Partnership in a more substantive, effective, and comprehensive manner in the coming time.
Within the framework of the Vietnam-Australia Comprehensive Strategic Partnership, people-to-people exchanges and local cooperation have been priorities.
The merger of Nam Dinh, Ha Nam, and Ninh Binh aims to shape a modern, vibrant development space with Ninh Binh at its heart, transforming the region into a hub of smart and green industry and services by 2030, while preserving its unique identity as a national heritage centre.
While praising the efforts of ministries, sectors, and localities in tackling smuggling, trade fraud, counterfeiting, and intellectual property violations, PM Chinh acknowledged that in some places and at certain times, there has been lax enforcement and unclear jurisdiction, leading to increasingly complex developments in these issues.
At the working session, General Secretary Lam presented the Party Committee of the VFF and central mass organisations with the Politburo’s Decision No. 304-QD/TW, which outlines the new structure, functions and tasks of the VFF Central Committee, marking a significant step in improving its organisational effectiveness.
Describing the exhibition as a large-scaled, content-rich, and unprecedented event with high requirements and limited preparation time, PM Pham Minh Chinh urged all ministries, sectors, and localities to participate with the highest sense of responsibility, ensuring the exhibition is inclusive, objective, truthful, feasible, and impactful.
Vietnam’s attendance reaffirms its consistent foreign policy of independence, self-reliance, multilateralisation and diversification, and comprehensive, intensive, extensive and effective international integration.
Cheng stressed that this is third time PM Chinh has attended the meeting and he is among the few senior government officials participating in this year's event, which is considered as a rare and commendable gesture.
The fact that the Vietnamese PM has been invited to attend and speak at this important event for three consecutive years reflects the WEF as well as the international business community's recognition and high regard for Vietnam's position, role, and contributions to global and regional economic growth.
This new era marks a crucial phase in which the country must strive with determination to fulfil its strategic objectives, achieving breakthrough development at new levels of sophistication, quality, and global standing, laying the foundation for further growth. Era after era forms a continuous history of development, ascending steadily from one level to the next.
The resolution on such mechanisms aims to serve as a legal basis for opportunely dealing with difficulties and hindrances caused by legal regulations in important, priority, and urgent areas that require immediate settlement so as to unlock resources, facilitate economic development, and turn legislation into a competitive edge.
PM Pham Minh Chinh instructed chairpersons of the People’s Committees of provinces and centrally-run cities to strictly follow the Ministry of Finance's guidelines on handling public finances and budgets, with a focus on preventing wastefulness, misconduct, or corruption.
Knapper reaffirmed the US's commitment to supporting a strong, independent, prosperous and resilient Vietnam, while respecting each other’s territorial integrity, sovereignty, independence and political systems.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
