Deputy PM hails outcomes of patriotism emulation movements in industry and trade sector

Tuesday, 2020-09-29 17:38:45
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Deputy Prime Minister Truong Hoa Binh speaks at the congress. (Photo: VGP)
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NDO – Deputy Prime Minister Truong Hoa Binh has suggested that the patriotic emulation movements of the Ministry of Industry and Trade (MIT) should focus on performing the assigned tasks by the Party and State, identifying institutions as an important breakthrough in the sector.

Addressing the Patriotism Emulation Congress of the MIT for the 2016-2020 period on September 29, Deputy PM Binh urged the ministry to pay special attention to improving the institutional system to handle and respond to problems related to trade protectionism and competition, as well as trade defence activities.

He also lauded efforts made by the ministry over the past five years in overcoming difficulties and challenges, successfully completing their assigned tasks and taking the lead in international economic integration.

Many bilateral and multilateral free trade agreements have been signed, in particular the European Union - Vietnam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), helping open up great opportunities for trade and investment, and accelerating the process of reforming growth models and restructuring the economy.

In the time to come, the Deputy PM urged the MIT continue its focus on economic restructuring towards building an independent, self-reliant, modern, integrated and sustainable economy.

Attention should also be paid to synchronously and effectively implement free trade agreements that have already taken effect, as well as other commitments to the World Trade Organisation and ASEAN Economic Community.

Domestic trade should be developed to effectively exploit the local market of nearly 100 million people, in which, it is necessary to accelerate the modernisation of commercial infrastructure and the development of e-commerce to take advantages of opportunities brought about by the fourth industrial revolution, he noted.

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