GMS cooperation needs to ensure harmony, balance of interests

VGP – “As harmony is a traditional Asian value, I believe that every national development plan, investment or business activity, or cooperation program between GMS countries needs to ensure the harmony and balance of interests among countries, among governments, businesses and people, between businesses and people.”

March 31, 2018 5:34 PM GMT+7

PM Nguyen Xuan Phuc addresses the 6th Greater Mekong Subregion Summit in Ha Noi on March 30, 2018. Photo: VGP

>>> Speech by PM Nguyen Xuan Phuc at Greater Mekong Subregion Sumit

PM Nguyen Xuan Phuc made the above statement at the 6th Greater Mekong Subregion Summit in Ha Noi on Friday.

Rapid and sustainable development must remain the top priority, as it is the future generations’ expectation toward each of our decisions and actions, said PM Phuc.

Photo: VGP

He added that rapid growth must go hand-in-hand with protection of the ecology and natural resources, especially the sustainable management and use of the Mekong River’s valuable resource.

The Vietnamese Government chief called for amplifying the combined determination and effort of all sides in order to generate new resources to settle differences, broaden and deepen the sphere for economic cooperation.

According to PM Phuc, new resources for development come first from the effective use of internal resources. Each member economy needs to create a favorable business environment in order to harness all the potential and innovation of businesses and people.

Perhaps this would be a new resource for development, as well as the foundation for successful international economic integration and connectivity, through attracting support from international development partners and outside resources for our GMS region and Cambodia-Laos-Viet Nam (CLV) Development Triangle Area.

PM Phuc believes that each member economy of the GMS region needs to create a favorable business environment in order to harness all the potential and innovation of businesses and people. Photo: VGP

PM Phuc said another important new resource comes from effectively harnessing the technological advancements and breakthroughs. More than anyone, all businesspeople here would understand how the Industrial Revolution 4.0 and its new technologies will carry the potential for connecting GMS and CLV economies in non-traditional methods, which will surpass the bounds of GMS founders’ imagination from 25 years ago.

Presently, advanced technologies such as IoTs, biotechnology, artificial intelligence, robotics, and so on, become ever more prevalent in many of the region’s economic sectors.

The aforesaid resources will result in new drivers for GMS development in the time to come, the Vietnamese leader stated./.

By Hai Minh