Strengthen economic diplomacy for development in 2024

Overview of the conference at Bac Ninh’s venue.

Attending the conference at Bac Ninh’s venue were Mrs. Nguyen Huong Giang, Deputy Secretary of the Provincial Party Committee and Chairwoman of the Provincial People’s Committee, as well as leaders of relevant department and sectors.

In 2023, Vietnam’s economic diplomacy has been implemented comprehensively, in-depth and substantively, opening up new and breakthrough directions, thereby, making practical contributions to socio-economic development. In more than 60 high-level diplomatic activities from the beginning of 2023 until now, economic content has become the focus, bringing specific results, many commitments and economic cooperation agreements with various partners.

Recently, Bac Ninh has proactively and actively implemented economic diplomacy to attract external resources for socio-economic development. In 2023, the province attracted nearly USD 1.8 billion in foreign investment (2.8-time increase in new projects and 3.3-time increase in registered capital compared to 2022). Accumulated to date, Bac Ninh province has granted investment registration to more than 2,200 valid projects with a total registered investment capital of nearly USD 26 billion.

The province implemented many investment promotion activities in 2023, typically such as: Meet Korea in the Northern region in 2023; FDI Business Dialogue; Meet Bac Ninh - Japan; Meeting programs for Korean, Japanese, Chinese, Taiwanese enterprises, and so on. In addition, the province also organized many local and investment promotion programs from abroad.

Concluding the conference, PM Pham Minh Chinh requested ministries, branches, localities, Vietnamese representative agencies abroad, and businesses listen and understand; share vision and action; work and enjoy together, ensuring harmonious interests of the State and the people. At the same time, the competent agencies promote the country’s position and strength to boost exports and foreign investment attraction; diversify markets, supply and production chains, as well as maximize the effectiveness of science, technology and innovation, he added.

Concluding at Bac Ninh’s venue, Chairwoman of the Provincial People’s Committee Nguyen Huong Giang requested departments and branches implement the PM’s direction to effectively deploy economic diplomacy in the province. The functional units also propagandize and mobilize businesses and people to learn about and actively participate in implementing the province’s economic diplomacy programs, plans and projects, she highlighted.