The strengthening of economic diplomacy is a major policy of the Party and State and has been actively followed and implemented by the province, achieving many important results ...

The strengthening of economic diplomacy is a major policy of the Party and State and has been actively followed and implemented by the province, achieving many important results ...

Thanks to economic diplomatic policies, the export activities of products at Hung Yen Garment Corporation- Joint Stock Company have many advantages.

The Provincial Party Committee and the Provincial People's Committee have promptly issued plans to concretize the policy of the Party and State on the work of economic diplomacy, promoting international economic integration towards more effectiveness and efficiency. The functional sector has timely informed and forecasted economic opportunities as well as risks under the impact of the world situation, helping organizations and businesses set up and implement production and business development orientations, effectively adapting to complex and unpredictable developments. The province directs functional agencies and localities to closely follow countries with which Vietnam has stable diplomatic relations, at the level of a strategic and comprehensive partnership to orient and support businesses in the process of implementing international economic integration commitments, expansion of export and commodity markets. In particular, focusing on enhancing the role of warning, supporting enterprises to handle problems in doing business with foreign countries, helping export enterprises avoid risks, and minimizing economic losses. To strengthen support for businesses in the province to associate with foreign enterprises to access advanced technology, acquire management experience to change vision and labor skills. As a result, more than 300 enterprises import and export directly and participate in exporting goods in the form of consignment or entrustment. Exporting establishments and enterprises have developed product consumption markets in more than 50 countries and territories; in which mainly the EU, US, Japan, Korea, China and ASEAN markets... In 2022, although the demand for goods in the global market decreased, the province's export turnover still reached 6,300 million USD, seeing an increase of 12.5% compared to 2021. In which, markets that are partners of signing Free Trade Agreements (FTAs) with Vietnam have high growth rates such as: European Union (EU); Southeast Asia…

The province also directs branches and localities to drastically reform administration, create an open investment environment, reduce costs in order to increase investment attraction, especially FDI enterprises. In which, promoting investment promotion through diplomatic missions and foreign enterprises from countries and territories that have been making stable investments in the province. To prepare synchronous infrastructure for traffic, electricity, water, communication and premises, especially in industrial zones, to be ready to meet the needs of foreign investors. Up to now, the province has 513 foreign-invested projects registering for operation, with a total capital of 6.2 billion USD. The result of attracting foreign investment has made an important contribution to the economic growth of the province, the scale of the economy is expanded, creating jobs, ensuring a stable income for workers, contributing to the socio-economic development and new rural construction.

Many external economic activities have been maintained and promoted effectively. Typically, the implementation of ODA projects in the fields of land, agriculture, transport, health, and education. International economic cooperation in the field of agriculture and rural development is interested by the province in order to improve the qualifications of technicians, introduce new technologies into production and processing, and improve the thinking of small and fragmented production and relying too much on chemicals in the production, preservation and processing of agricultural products; bring the province's agriculture to access to high technology and successfully realize the industry restructuring target. Therefore, the province has built cooperative relationships with a number of partners such as Japan, Belarus ... to support the transfer of new technology and equipment into production to improve productivity and quality of agricultural products.

From 2018 to now, the province has organized nearly 150 delegations of cadres, civil servants and public employees to Japan, Korea, China, Germany, France... The provincial leaders' delegations went to promote and call for investment in the US, Korea, Japan, China, Italy, Russia... to call for investment, introduce potentials, strengths, and preferential policies when investing in the province. Through labor cooperation programs, the province has nearly 10,000 workers working abroad under contracts with different industries and occupations in markets such as Japan, Korea, and Taiwan (China), Malaysia...

In the new stage of development of the country, the work of economic diplomacy needs to be paid attention to by all levels of Party committees and authorities to improve the quality and effectiveness in a comprehensive way, the province requires all levels of government, functional branches to closely follow and carry out the work of economic diplomacy in accordance with the direction of the Secretariat of the Party Central Committee in Directive No. 15-CT/TW dated August 10, 2022 and the Government's Action Plan for the period of 2022-2026 to implement Directive No. 15-CT/TW on economic diplomacy work for national development to 2030. At the same time, it is proposed that ministries and central branches pay attention to training and capacity building, especially fostering knowledge about economic diplomacy for local professional staff; support and create conditions for localities to participate in and implement projects to improve competitiveness for products and businesses from international cooperation projects; create favorable conditions to help promote the image and investment environment of the province; support to introduce and call for investment programs and projects in the locality.

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