07/07/2021 09:43 GMT+7 print

Vietnam underlines increasing important role of Indo-Pacific region

Deputy Minister of Foreign Affairs Nguyen Quoc Dung underlined the increasingly important role that the Indo-Pacific region is playing in promoting development cooperation and global economic connectivity, in his remarks at the inaugural session of the 2021 Indo-Pacific Business Summit, which was held virtually on July 6.

The event was jointly organised by India’s Ministry of External Affairs and the Confederation of Indian Industry.

Dung said that the region, which is home to major and most-dynamic economies of the world, is, however, facing traditional and non-traditional challenges such as climate change, terrorism and diseases, particularly the ravaging COVID-19 pandemic.

He added that it is an urgent need to pursue and build an Indo-Pacific region of peace, cooperation, freedom, openness and inclusion in order to bring equal development benefits to the majority of people and countries in the region.

He asked regional countries to boost cooperation, share and ensure COVID-19 vaccine supply, maintain the supply chain and restructure the economy along an innovative and modern direction.

The nations also need to push ahead with digital connection and e-commerce, expand entry into each other’s market, and bolster maritime connectivity and trade facilitation.

Speaking highly of the role and position of India in the order of the region and the world, along with the country’s contributions to enhancing economic connectivity, upgrading infrastructure and raising people’s living conditions, Dung expressed his belief that with strengths across multiple spheres, India will serve as one of the locomotives which help developing economies repel the pandemic and recover.

He took the occasion to underline Vietnam’s extensive and inclusive international integration policy and accomplishments of the country in renewal and building the economy based on science-technology, innovation and digital transformation.

The official also spoke highly of the Vietnam-India comprehensive strategic partnership, calling on both countries to foster cooperation in information-technology, digital economy and supply chain diversification, and seek deeper participation in the global supply chain, thereby benefiting people in their countries and the region./
VNA/VNP