Prime Minister Pham Minh Chinh declared three important messages at the expanded G7 meeting, demonstrating Vietnam’s role, contribution and international prestige, according to the foreign minister.
Prime Minister Pham Minh Chinh has just ended a business trip to attend the G7 Summit and work in Japan, with many results in multilateral and bilateral aspects, according to Chancellor Bui Thanh Son.
During the three days in which the Prime Minister participated in the conference and carried out parallel activities, Vietnam contributed with important approaches and solutions from the perspective of a developing country, promoting deep and comprehensive international integration.
In sessions of the expanded G7 summit, Prime Minister Pham Minh Chinh raised three important messages, including the promotion of a more substantive and effective global partnership. In this message, the Prime Minister highly valued international solidarity and persisted in multilateral cooperation, considering it the key to solving the current unprecedented challenges.
Prime Minister Pham Minh Chinh (right), US President Joe Biden (left) and Brazilian President Lula da Silva shake hands on the sidelines of the discussion “Towards a peaceful, stable and prosperous world” 21 May in Hiroshima, Japan. Photo: VNA
In the second message, the Vietnamese leader said that, as climate change becomes increasingly complex, efforts to reduce emissions and the energy transition can only be successful through a global, universal, balanced and inclusive. .
The Prime Minister’s third message is to resolve all disputes by peaceful means, in the spirit of respect for the law, respect for the Charter of the United Nations and international law, and to resolve all disputes by legal means.
The Prime Minister also made many proposals to promote cooperation in resolving common international and regional issues, which were highly appreciated by country leaders and international organizations.
According to Minister Bui Thanh Son, Vietnam’s participation made an important contribution to the joint efforts of the international community to maintain peace, stability and development based on equality and in line with the interests of the international community of developing countries. .
“The mission left a deep impression on Vietnam’s role, contribution and international prestige, affirming Vietnam’s image as an important voice in global affairs,” the minister said.
Bilateral activities during the business trip also contributed to deepen the relationship between Vietnam and its partners.
With Japan, the Prime Minister’s talks and exchanges with his Japanese counterpart Kishida Fumio, Hiroshima Prefectural leaders and other Japanese circles have contributed to improving political trust and deepening strategic ties.
Prime Minister Pham Minh Chinh and Japanese Prime Minister Kishida Fumio in Hiroshima, Japan, May 21. Photo: Duong Giang
Japan is the biggest donor of concessional aid to Vietnam, with about 2,980 billion yen (US$21.6 billion) over the past 30 years.
Minister Bui Thanh Son said that Vietnam and Japan have reached a consensus on promoting Japan’s ability to provide new generation ODA to Vietnam. This is a capital with high incentives, simple and flexible procedures for strategic infrastructure development projects, such as highways, North-South high-speed railway, Ho Chi Minh City – Can Tho railway line. .
He assessed that the new generation of ODA cooperation, especially in strategic infrastructure and promoting economic and trade cooperation, will be the main guidelines of the extensive Vietnam-Japan strategic partnership in the new period.
The two countries signed three ODA cooperation documents worth 61 billion yen (about US$500 million) for a new generation ODA program project for post-Covid-19 economic and social recovery and development and two improvement projects of traffic infrastructure in Binh Duong, Lam Dong.
Transport Minister Nguyen Van Thang said that finding and mobilizing a new generation of ODA for transport infrastructure projects will reduce the burden on the budget in the context of many tasks that need to be spent.
For loans to be effective, the procedure needs to be shortened because this is a major hurdle in recent ODA disbursement, causing projects to be delayed and completed late. “Procedural hurdles, if not overcome by relevant ministries and sectors, will turn preferred loans into high-interest loans,” Minister Thang told VnExpress.
Prime Minister Pham Minh Chinh and his Japanese counterpart Kishida Fumio witnessed the exchange of documents for the signing of three ODA cooperation projects worth a total of 61 billion yen (about US$500 million). Photo: Duong Giang
2023 is the year that Vietnam and Japan celebrate the 50th anniversary of the establishment of diplomatic relations. The two countries’ extensive strategic partnership has comprehensively developed over the past time. Japan is the first G7 member to recognize Vietnam’s market economy status.
This country is Vietnam’s fourth largest trading partner. The total volume of imports and exports last year reached nearly US$50 billion, up from US$42.7 billion in 2021. In the first three months of this year, this country’s export volume reached nearly US$50 billion, up from 42.7 billion dollars in 2021. Imports from the two countries reached almost 11 billion dollars.
In terms of direct investment, Japan ranks third out of 143 countries and territories pouring capital into Vietnam. Cumulatively up to the end of March, Japanese companies invested in 5,050 FDI projects in Vietnam, with a total capital of nearly US$70 billion.
Prime Minister Pham Minh Chinh has also had dozens of bilateral meetings with G7 leaders such as US President Joe Biden, British Prime Minister Rishi Sunak, German Chancellor Olaf Scholz, Canadian Prime Minister Justin Trudeau, and many international economic organizations.
All partners expressed their willingness to strengthen multifaceted cooperation with Vietnam, focusing on economy and trade and addressing emerging issues such as food security, response to climate change and weekly economy.