Vietnam’s Strategic Initiatives: Defence, Finance, and International Cooperation

Vietnam’s Prime Minister emphasizes the importance of its defence industry while enhancing international cooperation in green finance and economic growth. Recent diplomatic activities include collaborations with the US, Luxembourg, and ASEAN partners, as well as commemorations of significant military sacrifices. These initiatives reflect Vietnam’s commitment to strengthening international relationships and guiding national development.

Prime Minister Chinh emphasized the importance of domestically developed defence products in establishing a strong and modern defence industry in Vietnam. He views this sector as a potential spearhead of the nation’s overall industrial growth.

Vietnam aims to enhance green finance cooperation with Luxembourg, particularly concerning the development of an international financial centre. The trip offers an opportunity to explore collaboration with local financial institutions and investment funds to support Vietnam’s financial centre initiatives in Ho Chi Minh City and Da Nang.

During a meeting in Hanoi, Prime Minister Chinh sought the expertise of US professor Vallely to help foster a balanced and sustainable economic relationship between Vietnam and the United States. This aligns with Vietnam’s broader goals for economic development.

Vietnam has recently submitted its chart and geographical coordinates for territorial waters in the Gulf of Tonkin to the UN Secretary-General. This action, taken on March 7, 2025, affirms Vietnam’s territorial claims and maritime jurisdiction in the region.

Party General Secretary To Lam has called for ongoing reviews and revisions to the draft Political Report, emphasizing the importance of adequately guiding the nation’s future development.

Vietnam and the Republic of Korea discussed strategies for tech-driven economic growth, focusing on essential sectors such as artificial intelligence and semiconductors, which are crucial for Vietnam’s technological transformation.

Two officials were expelled from the Party for significant violations and misconduct, with disciplinary measures reflecting the severity and consequences of their actions.

The National Assembly Standing Committee concluded its 43rd session, reaching consensus on seven draft laws and preparing for the upcoming ninth session in May.

In a recent meeting, the Vietnamese Minister of Trade and the US Trade Representative achieved positive results, marking the first ministerial-level engagement since the new US administration commenced its term.

The strategic upgrade of the Vietnam-Singapore relationship is regarded as beneficial for both nations and the broader region, enhancing their mutual impact on international affairs.

NA Vice Chairwoman Nguyen Thi Thanh highlighted the positive developments in Vietnam-US relations, considering 2025 a milestone marking three decades since normalization.

Discussions between Vietnam’s Party chief and leaders from Indonesia and Singapore focused on strengthening cooperation in pursuit of ASEAN’s community goals by 2045.

The ceremony commemorating the 64 fallen naval officers of the Gac Ma battle reflects the enduring pride and sacrifice of Vietnam’s military personnel in protecting national sovereignty.

According to Beni Sukadis, a researcher at an Indonesian strategic studies institute, the Party chief’s visit to Indonesia has yielded tangible benefits, particularly in trade and cooperation across several sectors.

Vietnamese Ambassador to Australia Pham Hung Tam expressed gratitude for South Australia’s role in enhancing collaboration in sectors like innovation and education between the two nations.

In summary, Prime Minister Chinh’s recent activities underscore Vietnam’s commitment to strengthening its defence industry, fostering international cooperation in finance, and enhancing its economic partnerships with the US and ASEAN nations. Vietnam’s proactive diplomatic initiatives aim to bolster bilateral relationships and support national development aspirations across various sectors.

Original Source: en.vietnamplus.vn

About Aisha Khoury

Aisha Khoury is a skilled journalist and writer known for her in-depth reporting on cultural issues and human rights. With a background in sociology from the University of California, Berkeley, Aisha has spent years working with diverse communities to illuminate their stories. Her work has been published in several reputable news outlets, where she not only tackles pressing social concerns but also nurtures a global dialogue through her eloquent writing.

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