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Continue to promote and increase the efficiency of international economic integration

On August 24, comrade Mr. Nguyen Thanh Hai - Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People’s Committee, Head of the Provincial International Economic Integration Committee - presided over a conference to hear the Department of Industry and Trade - Standing agency of the Provincial International Economic Integration Committee - report on the results of implementing International Economic Integration in the first six months of 2023; the results of implementing International Economic Integration in the first six months of 2023, as well as a draft plan to implement the Government’s Resolution No. 93/NQ-CP dated July 5, 2023 on improving the effectiveness of International Economic Integration and promoting rapid and sustainable economic development in the period 2023-2030.

Continue to promote and increase the efficiency of international economic integration

Mr. Nguyen Thanh Hai, Vice Chairman of the Provincial People’s Committee, delivered a speech during the conference.

Recently, in order to carry out the work of International Economic Integration in the province, agencies, units, and municipalities have aggressively carried out propaganda and correct dissemination of information regarding free trade agreements (FTA) to enterprises. Concerns have been raised about construction, human resource development, investment promotion, and trade promotion. The corporate investment climate has continued to improve, which has helped to promote import and export activity, improve the trade balance, and contribute to economic growth. Outside of the state budget, the mobilization of investment capital has increased quickly in both quantity and magnitude during the last six months. With over 100 projects, the province has attracted and grown money, with 32 foreign-invested projects totaling 52.2 million USD in total investment capital.

Continue to promote and increase the efficiency of international economic integration

Leaders from the Department of Industry and Trade discussed the province’s six-month international economic integration project.

Regarding the use of FTAs by businesses, positive results have been obtained; in the year 2020-2022, the average growth rate of Phu Tho’s exports to the FTA market would be 55%; the average import growth rate reached 64%. As a result, good signals for export activity in general are being sent. The province ran a trade surplus for three years in a row, with the surplus amount increasing each year.

Continue to promote and increase the efficiency of international economic integration

The representative of leaders from the Department of Labour, Invalids, and Social Affairs spoke about vocational training for workers to satisfy the requirements of firms in integration.

Continue to promote and increase the efficiency of international economic integration

A delegate from the Department of Agriculture and Rural Development spoke on agricultural and forestry product exports.

Speaking at the conference’s conclusion, Vice Chairman Nguyen Thanh Hai hailed the progress made in the work of International Economic Integration over the years, while also pointing out certain faults and problems and emphasizing: To continue promoting and increasing the efficacy of International Economic Integration, the whole political system, relevant agencies, units, enterprises, and individuals must be committed. The Provincial International Economic Integration Board must conduct additional research, analysis, and evaluation of the effects, opportunities, and challenges of FTA Agreements on industries and fields in the province, in order to define specific tasks and assign implementation responsibilities to members in the future. In addition, continue to do well in investment promotion to attract potential businesses to invest in the province; promote trade with enterprises doing business related to FTAs; and strengthen administrative reform, focusing on investment procedures, customs procedures, import and export, and so on. Innovating methods and improving the efficiency of information and propaganda activities about the situation of international economic integration and FTA agreements; strengthening coordination, exchange, and supply of information to improve the quality and effectiveness of propaganda and dissemination of knowledge about the situation of international economic integration and related international commitments for the province’s units and enterprises.

Nguyen Hue


Nguyen Hue

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