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Vietnam to speed up signing of FTA with Brazil and Mercosur

Hanoi, Feb 1 (Prensa Latina) Vietnamese Prime Minister Pham Minh Chinh stressed the need to speed up negotiations and sign the Free Trade Agreements (FTA) with Brazil, the Southern Common Market (Mercosur) and India.

This Thursday, Minh Chinh chaired an ordinary government meeting to evaluate the socio-economic situation of Vietnam in January 2024, in which he also urged the conclusion of the Vietnam-United Arab Emirates Comprehensive Economic Partnership Agreement.

At the gathering, the Vietnamese dignitary pointed out that it is necessary to maintain macroeconomic stability, control inflation and guarantee greater balances in the economy, as well as monetary operation policy in a proactive, flexible, fast and effective manner.

The prime minister stressed the need to continue promoting growth mechanisms and said it is essential to focus on creating favorable conditions to attract and disburse investment resources from the whole society.

He also called to promote and attract large-scale and high-tech foreign direct investment projects, especially in processing, manufacturing, electronics, semiconductor and hydrogen industries. The PM explained the necessity of attracting green financial resources and preferential green credit to develop renewable and new hydrogen energy sources, and also build and develop a regional and international financial center in Vietnam.

He emphasized, moreover, the need to promote exports, especially of agricultural, forestry and aquatic products, while promoting agricultural production with high added value, developing the processing industry in this sphere and guaranteeing national food security.

jrr/llp/jf/mpm

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