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Vietnam to improve market economy, deepen world economic integration

Vietnam will try its best to further improve market economy institutions and strengthen its integration into the world economy, Deputy Prime Minister Pham Binh Minh has said.

Vietnam will try its best to further improve market economy institutions and strengthen its integration into the world economy, Deputy Prime Minister Pham Binh Minh has said
Vietnam will try its best to further improve market economy institutions and strengthen its integration into the world economy, Deputy Prime Minister Pham Binh Minh has said

Deputy PM Minh, who is also Minister of Foreign Affairs, made the statement when he hosted a year-end get-together with the diplomatic corps in Hanoi on Wednesday, according to the Vietnam News Agency.

The official also said the Vietnamese government will continue bettering its market economy institutions, policies and laws and improving the business and investment climate, making it easier for the country to integrate into the international economy.

Vietnam will actively take part in global security and development issues as well as in responding to global challenges including climate change, water and energy security, he said.

Deputy PM Minh assured his guests that Vietnam is determined to deepen ties with countries worldwide in 2015, an important year for the Southeast Asian nation as it will mark the birth of the ASEAN Community and the enforcement of many free trade agreements.

Minh stressed that countries should respect mutual interests, comply with international law, demonstrate goodwill for cooperation for the sake of peace and development of all parties concerned.

Moroccan Ambassador and head of the diplomatic corps El Houcine Fardani praised Vietnam as an active and responsible member of the international community.

The fact that Vietnam has been elected as a member of the United Nations Human Rights Council proves the world’s recognition of the country’s progress in improving human rights, the ambassador said.

He highly valued Vietnam’s preparations for the 132nd General Assembly of the Inter-Parliamentary Union (IPU) slated for March this year.

The diplomat also hailed the country for overcoming challenges regarding maritime disputes.