Sunday, 23/2/2020
International economic integration and its requirements for Vietnam’s external policies and activities
8/3/2007 16:8' Send Print

International economic integration, first of all, is a unity in which the interaction between national economies as well as between each national economy and the overall operating rules, mechanisms and practices of the global economy will define in the main the development and prosperity of the economy of each nation and the entire world. The globalisation process confronts each country and each society with new and complicated realities and mathematical problems, which require a general and dialectical vision and concrete knowledge, and a capacity for long-term prediction and rapid and flexible adjustment and adaptation. To realise this goal, Vietnam in general and each economic sector in Vietnam in particular should study, think and define where we are now in “the flat world” in a "global supply chain". In the coming further integration period, we will have to apply the formula on position and strength in the global conditions and setting, from external thinking to external policies, measures, methods and people involved in external activities. It is impossible to define and promote the position and strength in integration in the globalisation and post-cold war period without defining the primary factor which controls economic and political strategies and tactics of all countries and economies, namely the country and nation’s interests. The identification and wide consensus of the connotation of the country and nation’s interests at macro level in the globalisation process and post-WTO period are the key demand of external policies in the integration process. This is the guideline for any subject involved in the current and future external battlefield. From these assessments, we can draw some requirements as follow: 1- In the post- WTO period, the State should re-define its role and methods to effectively intervene and support the national economy and each economic subject, and not to run counter to WTO rules. 2- Meanwhile, occupational associations should strive to further meet the needs of their members in a professional manner in the new period. Information and knowledge are urgent and decisive. 3- International interaction must be of mutual interest. 4- External activities in the international integration process should be diverse, multi-sided, and general. Vietnamese businesses and businesspeople should pay attention to the cultural factor when doing business, treating domestic and foreign clients and consumers appropriately, and building trademarks. 5- Implementation of policies, mechanisms and human resources in the period of broadening and deepening international integration should take into account the fact that many different subjects in the world are involved in this process. 6- Define the level and method of participation in the capacity of an “insider” and a full member who is obliged to observe “rules of the game” while making contributions to the common interest to build “rules of the game”, and the protection of national interests.

Ton Nu Thi Ninh