The Prime Minister attended the launching ceremony of the Indian Ocean Economic Framework

On the afternoon of May 23, 2022, in Tokyo (Japan) took place the Launching Ceremony to discuss the Indo-Pacific Economic Framework for Prosperity (IPEF) in the form of direct and online combination. .

The announcement ceremony kicked off the discussion with the participation of Japanese Prime Minister 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 Loong and Economic Ministers of Brunei, Indonesia, Malaysia, Philippines and Australia’s Foreign Ministry.

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 interested countries in the region to participate in the hope that this cooperation framework will help strengthen the most resilient economies. is in the process of post-pandemic recovery, enhancing competitiveness, adaptability, sustainability, inclusivity, contributing to regional cooperation, stability, prosperity, development and peace, for the benefit practicality of the people.

Discussions in the coming time will focus on four pillars: (i) trade; (ii) supply chain; (iii) clean energy, decarbonization and infrastructure; (iv) taxation and anti-corruption.

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 linkage towards more sustainable, more self-reliant, and maximized. multiple internal forces, combined with optimization of external forces; 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.