PM Pham Minh Chinh addresses the high-level session at the 4th Vietnam Economic Forum (Photo: VNA)

The effective implementation of this policy during more than 35 years of Doi Moi has contributed to producing historical achievements, the Government leader told the high-level session at the forum, adding that in the current situation, the building of an independent, self-reliant economy in combination with proactive and active international integration is an objective inevitability.

He stressed that the 13th National Party Congress has set the goal of Vietnam becoming a developing country with modernity-oriented industry and income above the lower middle level by 2025, a developing country with modern industry and upper middle income by 2030, and a developed country with high income by 2045.

However, Vietnam will not sacrifice social justice and security and the environment for economic growth, the PM said.

On key tasks and solutions, PM Chinh said the first thing is to create a peaceful environment, maintain national independence, sovereignty and territorial integrity, political stability, social order and safety, and stabilize the legal environment, thus creating the foundation and favourable conditions for building an independent, self-reliant economy in combination with extensive and in-depth international integration.

Another task is to continue fine-tuning institutions of the socialist-oriented market economy that suit Vietnam’s conditions and international commitments.

PM Pham Minh Chinh speaks at the high-level session of the 4th Vietnam Economic Forum (Photo: VNA)

PM Chinh stressed that the building of an independent, self-reliant economy in combination with extensive and in-depth international integration has an especially important meaning for the country in the new period.

“Vietnam affirms our consistent policy of not choosing a closed economy, but instead staying steadfast to the direction of Doi Moi (renewal), building an independent, self-reliant economy in combination with proactive and active international integration,” he said, reiterating that Vietnam wants to be a good friend, a reliable partner and a responsible member of the international community, ready to join hands with the international community to address regional and global challenges for a peaceful, cooperative and prosperous world.

The 4th Vietnam Economic Forum was co-organised by the Party Central Committee’s Economic Commission, the Government and Ho Chi Minh City on June 5.
Besides the high-level session, three other thematic workshops were held the same day on the development of stable labour supply chains after the pandemic, the capital and real estate markets, and technology modernization, digital transformation and diversification of supply chains.