Vietnam proposes ways link bet88 foster CLMV cooperation

Addressing the 11th CLMV Summit in Kunming city, Yunnan province of China, on November 7, Prime Minister Pham Minh Chinh has presented a vision for the future of CLMV cooperation, proposing some suggestions aimed at fostering a dynamic region of sustainable development, according link bet88 a report from the Vietnam News Agency.

He said that CLMV countries are holding unprecedented advantages when the world is advancing link bet88 an era of connectivity and innovation. However, they are also facing numerous difficulties and challenges in terms of capital and human resources, along with the risk of lagging behind if they fail link bet88 make timely innovation.

It is necessary link bet88 make a breakthrough for CLMV cooperation so that the four countries can keep up with, move at the same pace, and outstrip others, he stressed, adding that only solidarity and cooperation can help the four countries surmount difficulties and build a dynamic CLMV region of sustainable development.

The Vietnamese leader called for a renewed determination link bet88 secure increasingly effective and practical CLMV cooperation link bet88 work towards an CLMV economic region of development, resilience, and high competitiveness.

link bet88 achieve this, the countries need link bet88 be more resolute in implementing the CLMV Development Framework and focus on high priority projects, he said, voicing his hope that the Association of Southeast Asian Nations (ASEAN) will pay more attention link bet88 and bring into play its centrality in the Mekong sub-regional cooperation, including the CLMV mechanism.

The PM urged CLMV member countries link bet88 select highly feasible cooperation areas that not only reflect emerging trends but also complement other Mekong sub-regional mechanisms, particularly the Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) and the Greater Mekong Sub-region (GMS).

Describing the development of a high-quality workforce as critical link bet88 fostering CLMV cooperation, he called for building a general human resources development strategy tailored link bet88 the needs of the four nations. He suggested experts from CLMV countries collaborate in training programs that improve both intellectual and skilled labor forces.

The leader highlighted Vietnam's commitment link bet88 education and reaffirmed the continuation of its CLMV scholarship program, which has provided opportunities for Cambodian, Lao, and Myanmar students link bet88 study and conduct research in Vietnam since the program's inception at the 4th CLMV Summit in November 2008.

In addition, internal resources are fundamental, long-term and decisive, while external resources are crucial for breakthroughs, he noted, calling for greater engagement from the business community and development partners in the design and execution of cooperation projects.

PM Chinh also urged the ASEAN Secretariat link bet88 work closely with CLMV members link bet88 reform resource allocation for cooperation projects and programs in a way that focuses more on emerging areas such as digital transformation, green transition, smart agriculture, and climate change response.

Vietnam's commitment link bet88 CLMV cooperation is unwavering, and the country will continue link bet88 do its utmost link bet88 deepen traditional friendship, friendly neighborliness, and mutually beneficial relations among the four nations. “Together, we can progress and thrive in this new era of development,” he declared.

The economic outlook for CLMV countries is promising, with growth projected at 4.6% in 2024 and 4.7% in 2025. Their bilateral trade has surpassed 9 billion, contributing 21.8% link bet88 ASEAN's overall trade value.

Delegates agreed link bet88 step up collaboration in infrastructure connectivity, trade and investment facilitation, tourism, human resources, and the development of an intra-regional energy market. They were also committed link bet88 sustainably and efficiently managing water resources, boosting smart agricultural production, and transitioning link bet88 sustainable energy solutions.