Economic diplomacy focuses on semiconductor, high technology, and green transition.

Minister of Foreign Affairs Bui Thanh Son recently chaired a conference on the implementation of economic diplomacy in 2024 to serve economic and social development. The conference took place in the evening of February 22nd in Hanoi.

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Deputy Minister Nguyen Minh Hang, Head of the Economic Diplomacy Steering Committee, chaired the discussions. Attending the conference were leaders of the Ministry of Foreign Affairs, heads of units within the Ministry, the heads of Vietnamese representative agencies abroad for the term 2024-2027, and 94 Vietnamese representative agencies abroad participating online.

The conference on implementing the economic diplomacy work in 2024 to serve socio-economic development. Photo: Ministry of Foreign Affairs

In his orientation speech, Minister Bui Thanh Son emphasized the promotion of important and historically significant achievements, creating new opportunities for development and enhancing the country’s achieved reputation in 2023. Diplomatic and economic foreign affairs will continue to contribute to the country’s overall achievements.

In January alone, Vietnam successfully organized the Prime Minister’s trip to attend the WEF Davos 2024 Conference, official visits to Hungary and Romania; received five high-level delegations (from Germany, Indonesia, Philippines, Laos, and Bulgaria), with many important agreements signed and highly evaluated by high-level leaders.

During the conference, Ms. Doan Phuong Lan, Director of the Economic General Department, Deputy Head of the Economic Diplomacy Steering Committee, presented a report on the central tasks of economic diplomacy in 2024 and measures to enhance the effectiveness of economic diplomacy.

Representatives of Vietnamese representative agencies abroad and heads of units also discussed three main points: Promoting new growth drivers to serve the three strategic breakthroughs; Renewing traditional growth drivers; Enhancing the effectiveness of economic diplomacy, particularly in reviewing international agreements and commitments.

Participants also discussed measures to enhance the effectiveness of economic diplomacy, including the key solution for 2024, which is to focus on promoting agreements with partners, especially in new fields such as semiconductors, high technology, innovation, and green transformation…

Minister of Foreign Affairs, Bui Thanh Son, closing the conference. Photo: Ministry of Foreign Affairs

In his closing statement, Minister of Foreign Affairs Bui Thanh Son welcomed and highly appreciated the opinions of the heads of representative agencies and the heads of units within the Ministry.

Minister Son requested the heads of units and representative agencies to closely follow the economic and social management directions and practical needs of industries, sectors, localities, and businesses. This will enable them to mobilize resources from all units and representative agencies to serve the three strategic breakthroughs; renew traditional growth drivers, and effectively exploit new growth drivers to make economic diplomacy a strong driving force for the country’s rapid and sustainable development.

Minister Bui Thanh Son emphasized the three key groups of tasks for economic diplomacy in 2024: First, consolidating traditional growth drivers and effectively exploiting new growth drivers; Second, enhancing efficiency and innovating in research, advising, and information forecasting; Third, improving the effectiveness of economic diplomacy and the coordination role of the Economic Diplomacy Steering Committee.

In the coming time, the Minister emphasized that the tasks for foreign affairs, especially economic diplomacy, will be more onerous, difficult, and demanding. “It requires us to be extremely proactive, creative, and innovative in our thinking and ways of doing things” in order to fulfill the tasks assigned by the Party, the State, and the Government to the Ministry of Foreign Affairs.