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Prime Minister attends kick-off discussion on Indo-Pacific Economic Framework

On the afternoon of May 23, in Tokyo (Japan) took place the Announcement Ceremony kicking off discussions on the Indo-Pacific Economic Framework for Prosperity (IPEF) in the form of face-to-face and online collaboration.

The Prime Minister attends the kick-off discussion on the Indo-Pacific Economic Framework - Photo 1.

Prime minister Pham Minh Chinh delivered an online speech at the launch ceremony to discuss the Indo-Pacific Economic Framework for Prosperity – Photo: VGP

The announcement ceremony kicked off the discussion with the participation of Prime minister Japan Kishida Fumio, Indian Prime Minister Narendra Modi, US President Joseph Biden, South Korean President Yoon Suk-yeol, New Zealand Prime Minister Jacinda Ardern, Thai Prime Minister Prayut Chan-o-cha, Singaporean Prime Minister Lee Hsien Long and the economic ministers of Brunei, Indonesia, Malaysia, the Philippines and the heads of the Australian Department of Foreign Affairs.

Prime Minister Pham Minh Chinh attended and spoke online.

The leaders shared a vision of an open, inclusive, equitable, rules-based, connected, resilient, secure, and prosperous Asia-Pacific region, with potential Sustainable and inclusive economic growth is the driving force for the global economy, upholding the central role of ASEAN.

The leaders also emphasized the urgency of working closely to ensure economic recovery and development on an adaptive, sustainable and inclusive basis. At the same time, affirming the importance of enhancing economic competitiveness, transparency and anti-corruption, cooperation, maintaining essential supply chains, promoting economic growth, creating jobs and expanding economic opportunities for the people.

The leaders agreed to initiate the IPEF discussion process and stand ready to invite countries in the region of interest to participate in the hope that this cooperation framework will help strengthen the most resilient economies. is in the post-pandemic recovery process, enhancing competitiveness, adaptability, sustainability, inclusivity, contributing to regional cooperation, stability, prosperity, development and peace, for the benefit of practicality of the people. Discussions in the coming time will focus on four pillars: Trade; supply chain; clean energy, decarbonization and infrastructure; taxation and anti-corruption.

The Prime Minister attends the kick-off discussion on the Indo-Pacific Economic Framework - Photo 2.

Prime Minister Pham Minh Chinh attended and delivered an online speech – Photo: VGP

Speaking at the announcement ceremony to kick off the IPEF discussion, Prime Minister Pham Minh Chinh emphasized the need to adjust the growth model and economic linkages towards a more sustainable, more self-reliant, and maximized content. force, combined with external force optimization; uphold multilateralism and strengthen international solidarity on the basis of sincerity, trust and responsibility.

This event will kick-start and promote countries to work together to actively exchange, seriously discuss, and join hands to deal with important regional and global issues such as diversity and supply chain sustainability, innovation and innovation. new technology, digital transformation, e-commerce, combating climate change, emission reduction, green development, tax issues and anti-corruption, negative…

The Prime Minister affirmed that Vietnam is steadfast in its policy and is promoting the building of an independent and self-reliant economy associated with proactive and active international integration, which is extensive, substantive and effective. Vietnam also participates in many international economic integration initiatives, actively contributing responsibly to joint efforts to accelerate economic recovery and sustainable development in the region and around the world.

The Prime Minister said that in the process of discussing IPEF, it is necessary to aim at a cooperation framework that brings practical benefits to the people. This needs to be an open, inclusive, balanced process, in line with international law, and responsive to the legitimate and legitimate interests of stakeholders.

Vietnam will work with ASEAN countries and relevant partners to continue discussing and clarifying the content of cooperation pillars, bringing a positive, effective and feasible economic agenda to the region. and for each country; for peace, stability, cooperation, development and prosperity in the region and around the world.

After the announcement ceremony to kick off the discussion on IPEF, the economic ministers of the countries will meet to discuss the implementation plan in the near future.

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