"Planning the way forward" when the world economy is increasingly unpredictable

hủ tướng Phạm Minh Chính phát biểu chỉ đạo Hội nghị thúc đẩy sản xuất tiêu dùng trong nước và mở rộng thị trường xuất khẩu năm 2023

Prime Minister Pham Minh Chinh delivered a speech to direct the Conference to promote domestic production and consumption and expand export markets in 2023

“High mountains also have a way to climb”
If 2022 is seen as a "complex and different" year of the world economy, then this year 2023 must definitely be considered the most "unpredictable" in the past half-century, since the Great Depression. global oil crisis in 1973. It is difficult to predict because the military conflict between Russia and Ukraine will never end; never know when world energy prices will return to normal; it is unclear whether global inflation has bottomed or not; I don't know when the world consumer demand will grow again...

All these "unknown" and "unknown" not only cause headaches for world economic experts, but also disrupt supply chains and aggregate demand, directly affecting countries that are deeply integrated. as wide as Vietnam, with 89.2 points in terms of trade openness, ranking 2nd in East - Southeast Asia and 5th globally, according to Fitch Solutions - a macro research unit of a global credit rating agency. Fitch Ratings.

The report and comments at the Conference to promote domestic consumption production and expand export markets in 2023, taking place on the morning of February 3, 2023, showed a common picture with many pressures from the difficulties and uncertainties of the world, from the economy facing difficulties in terms of aggregate supply and aggregate demand, and internal limitations in the industry that need to be overcome such as production and export showing signs of slow growth. On the other hand, the production capacity of the fundamental and key industries has been slow to improve; the participation of domestic enterprises in global supply chains is still limited; exports are still heavily dependent on the FDI sector; market diversification in some products and the slow transition from unofficial to official export; domestic purchasing power recovered slowly.

Speaking at the conference, Prime Minister Pham Minh Chinh praised the straightforward spirit of the Ministry of Industry and Trade, and directed: "Having identified such causes, we cannot sit still, we must act. If the market is narrow, it must find ways to expand, gain new markets and keep the existing market demand; then stimulate domestic consumption demand, promote production".

The Prime Minister's guiding ideology of "paving the way and moving forward" has become familiar to the industry and trade sector. Previously, on August 19, 2022, at the online conference with the overseas Vietnamese trading system - the first meeting of the Government with overseas representative agencies in the context of the export market. is tending to shrink due to many objective factors, the world economy has many complicated fluctuations - Prime Minister Pham Minh Chinh also emphasized: "The important thing is that we expand the market and overcome the problems in the market. schools are shrinking. High mountains also have climbing roads, even dangerous roads have paths. The tradition of the nation is that the more difficult the situation, the more solidarity, creativity, and efforts to overcome and rise up.

Towards sustainable development

The Prime Minister's spirit of "paving the way forward" was clearly demonstrated by the Industry and Trade sector at the Conference to promote domestic production and consumption and expand export markets in 2023. The Commander of Industry and Trade affirmed, first of all, , focusing on implementing synchronously and effectively the Action Program of the Industry and Trade sector to implement Resolution No. 01/NQ-CP of the Government (issued together with Decision No. 32/QD-BCT dated January 9, 2023) of the Minister of Industry and Trade with 9 major task groups and more than 50 specific solutions) from the early days of 2023.

kinh tế thế giới

In particular, many issues were proposed by industry and trade delegates to overcome objective difficulties. A representative of the Department of Industry said that the National Assembly Standing Committee agreed with the formulation and promulgation of the Law on Industrial Development, however, it is necessary to clearly define the scope of regulation of the Law project. Based on the opinion of the National Assembly Standing Committee, as well as sticking to the spirit of Resolution No. 29-NQ/TW, the Ministry of Industry and Trade has absorbed and revised it in the direction of narrowing the scope into building a Law on Basic Industry. foundation. It is expected that the dossier will be submitted to the Government at a legal symposium to submit to the National Assembly Standing Committee before March 31, 2023.

However, because the legal system needs time to develop and perfect, in order to meet state management, the Department will develop development strategies for a number of key industries. In 2022, the Prime Minister approved the Strategy for Sustainable Development of the Textile, Garment and Footwear Industry in the period to 2030, with a vision to 2045. Following the results of 2022, the Industry Department will continue to study , to develop a strategy for developing the dairy industry, a strategy for the automobile industry and a strategy for the steel industry in the direction of a green industry.

In trade promotion, in the context of shrinking export orders from the fourth quarter of 2022, the Ministry promptly implemented Directive 03/CT-TTg dated January 27, 2023 of the Prime Minister with the issuance of the Program National level on trade promotion and National Brand Program in 2023 with nearly 300 domestic and international trade promotion activities, with hundreds of thousands of businesses participating and benefiting from these activities. For a large market like China, the Ministry of Industry and Trade is developing a plan to coordinate with Vietnamese ministries, branches and relevant agencies in China to organize the first "Vietnam-Shanghai Trade Forum on Trade Forum" official export of Vietnamese agricultural and seafood products to China via Shanghai port” is expected in April in Hanoi and will become an annual forum.

In order to expand domestic consumption, a representative of the Domestic Market Department said, besides effectively implementing the Strategy for Domestic Trade Development in the period to 2030, with a vision to 2045, and programs and projects. on consumption of agricultural products; developing the domestic market in association with the campaign "Vietnamese people give priority to using Vietnamese goods... will focus on developing infrastructure and new retail methods in both rural, remote and isolated areas." ethnic minority areas, and delta and urban areas.

With the spirit of "paving the way and moving forward", in the context of increasingly demanding domestic and foreign markets, all fields of the Industry and Trade industry are proactively moving towards sustainable production and consumption. In industry, it is research and development of dairy industry development strategy, automobile industry strategy and steel industry strategy towards green industry.

In consumption is promoting a sustainable link between production - distribution - consumption, increasing the presence of eco-labelled, environmentally friendly products at modern distribution facilities and traditional distribution facilities. system. In trade promotion is to encourage trade promotion activities to promote the import of modern machinery and equipment, source technology, input materials for deep processing, with high value-added content. export service.

In import and export is the harmonization between short-term and long-term goals; harmonize opportunities to participate in and enjoy the fruits of import and export growth; harmonize export growth with environmental protection and adaptation to climate change; identify new drivers for import and export development including: digital economy, green economy, circular economy, human resources and innovation.

In science and technology, it is the effective implementation of the supporting industry development program, which focuses on solutions for consulting and training human resources; supporting the construction and operation of smart factory models, digital transformation, green production, and clean production.

Sustainable production and consumption is both a humane goal, a responsibility to the community, and a competitive tool to expand domestic production and boost exports. The harshness of the market, when the world economy is increasingly dependent on geopolitical factors, becomes increasingly unpredictable.

Thuc Dia
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