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Vietnam to overcome difficulties in 2021 through solidarity: MoIT leader

Challenges remain ahead in 2021, but Vietnam will overcome all with solidarity between the political system, businesses, and the people, Politburo member, head of the Party Central Committee’s Economic Commission, and Minister of Industry and Trade (MoIT) Tran Tuan Anh has said.

In an interview with the Vietnam News Agency, Anh said that this year, amid the complex developments of the COVID-19 pandemic, the major target defined by the Party, State, and Government continues to be effectively containing the pandemic to protect people’s lives and public health.

The country will coordinate with the international community to fight COVID-19 while continuing to recover its economy and return to true normal, ensuring people’s living conditions and building a foundation for the country’s sustainable development over the next five and 10 years, he said.

All economic recovery and normalisation activities will be conducted on the basis of ensuring the prevention of COVID-19, he added.

He underlined that the new integration frameworks Vietnam is engaging in, especially free trade agreements (FTA) and new-generation FTAs, bring unprecedented opportunities for the country in all fields, helping to fuel economic growth.

Anh stressed the need for the Ministry of Industry and Trade to further speed up the restructuring of economic sectors towards reforming the growth model, and improving added value.

It is also necessary to encourage innovative startups and continue creating favourable conditions for the attraction of development resources, optimising the advantages and outstanding benefits from these FTAs, he said.

He highlighted the necessity for Vietnam to further expand markets, especially within the FTAs, while engaging more deeply in supply chains to promote supporting industries as well as the manufacturing and processing sector and agriculture. This is a vital factor for the successful international integration by agriculture and farmers under the country’s general strategy.

In particular, it is crucial to immediately implement Politburo Resolution No 55 on sustainable energy development and Resolution No 23 on national industrial policies, he said, describing those documents as the cornerstones for the building and development of essential infrastructure of vital significance for the economy, serving sustainable development in the future.

He noted that Vietnam signed three FTAs in 2020: with the EU and the UK as well as the Regional Comprehensive Economic Partnership (RCEP).

Thanks to its integration process, Vietnam has made fundamental changes in its macro-economy, thus securing economic and socio-political stability and paving the way for continuous sustainable development in the years ahead, he said./.