Vietnam prepares highly-feasible projects for intra-bloc connectivity

Prime Minister Nguyen Xuan Phuc chaired an international media conference on Wednesday afternoon, after a series of events as part of the 3 Mekong-related summits.

They are the World Economic Forum on the Mekong (WEF-Mekong), the seventh Ayeyawady-Chao Phraya-Mekong Economic Cooperation Summit (ACMECS 7) and the eighth Cambodia-Laos-Myanmar-Vietnam Summit (CLMV 8). PM Phuc said Vietnam was successful in hosting the 3 summits, in which the World Economic Forum on the Mekong was inspired by Vietnam and praised by its development partners. The forum set out directions for green growth, inclusive growth, a people-oriented society, and prompt response to climate change, while adopting measures to link ACMECS and CLMV. Member countries stressed the need to boost better intra-bloc connectivity, develop the relationship with developed countries from ASEAN founding members, EU countries, and China to their development partners such as the World Bank and the Asian Development Bank. Prime Minister Nguyen Xuan Phuc spoke about the outcomes of the summits: "The summits discussed ways to mobilize resources for tapping the potential of the Mekong region and pointed out opportunities and challenges that the 4th industrial revolution brings to the Mekong region's industrialization. The forum also worked out measures to increase cooperation between the government and the business community. Member countries said as Cambodia, Laos, Myanmar, and Vietnam saw their growth come in later periods due to historical circumstances and harsh natural conditions, they should improve the investment environment and work on the digital economy quickly to tap advantages, including tourism, organic technology, and IT."

Prime Minister Phuc said development partners praised the host country's agenda as practical and called for major projects to link countries. Mr. Phuc suggested what Vietnam should do to seize opportunities: "Vietnam should prepare highly-feasible projects for intra-bloc connectivity as it realizes its weaknesses and responsibility. Vietnam raises the issue of reforming itself to improve the business and investment climate and to be included in the top rankings of ASEAN, not just of CLMV. Effort should be made to operate a facilitating government, better manage the society and economy, serve the people and businesses, and create the best resources for national development to catch up with other countries."

Source: VOV5