Deputy PM Tran Luu Quang delivers a speech at the 28th International Conference on the Future of Asia in Tokyo on May 25.

Highly valuing the conference’s theme of “Leveraging Asia’s power to confront global challenges,” Quang said the world and Asia are witnessing turning-point changes with many intertwined opportunities and challenges. In that context, Asia should be responsible for and play an important role in tapping into opportunities and addressing difficulties and challenges of the era.

Asia holds all the necessary potential and advantages for leveraging its contribution to the settlement of challenges facing humankind and for becoming a role model of peace, cooperation, and development, he noted.

Giving five suggestions, the Deputy PM said that first, Asian countries need to share and realize the vision on building a rules-based and U.N. Charter-centered international system; consistently promoting multilateral cooperation and engaging in reforming and improving the efficiency of such global governance institutions as the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank (WB); and increasing the exchange of viewpoints and coordination of stances on global governance issues. 

Second, Asia should promote joint efforts and actions more strongly to cope with global challenges, reach the Sustainable Development Goals, and tackle new and non-traditional global challenges like energy security, cybersecurity, human security, and health security; support the global approach to the settlement of development challenges; encourage enterprises’ intensive and extensive participation in development programs and projects; and create favorable institutional conditions to step up the public - private partnership.

Third, countries should cooperate more closely and effectively to jointly achieve fast, inclusive, and sustainable development; and properly bring into play new growth impetuses such as digital transformation, green transition, and innovation.

More developed countries in the continent should help developing ones improve institutional, infrastructure and manpower capacity, share technology and governance models; develop economies centered on humans and based on fine cultural values; and consider the handling of difficulties and challenges as a cooperation driver for stronger development, Quang recommended.

Fourth, it is necessary to further boost people-to-people exchanges, youth connectivity, and partnerships in culture, education, and tourism.

Fifth, he emphasized that ensuring the creation and consolidation of a peaceful and stable environment is the prerequisite for development in Asia and the world. It is necessary to identify that solidarity, cooperation, responsibility, building strategic trust, respect for the U.N. Charter and international law, as well as peaceful settlement of disputes will connect countries so that they can together surmount difficulties, challenges, and crises.

Deputy PM Tran Luu Quang speaks at the 28th International Conference on the Future of Asia on May 25.

Regarding the East Sea (South China Sea) issue, the official went on, the parties concerned need to seriously implement the Declaration on the Conduct of Parties in the East Sea (DOC) and build a substantive and effective Code of Conduct (COC) that accords with international law, especially the U.N. Convention on the Law of the Sea (UNCLOS) 1982, while exercising self-restraint and refraining from actions that may complicate the situation or violate the related countries’ sovereignty, sovereign right, and jurisdiction established under the UNCLOS 1982.

In his speech, Deputy PM Quang spoke highly of Japan’s role in efforts to leverage Asia’s power, stressing that the country has taken the lead in promoting initiatives and been a key link in regional and global economic connectivity structures and value chains. It has also pioneered in fostering digital transformation and green transition, recovering and guaranteeing supply chain security, strengthening trade and investment cooperation, and responding to development challenges.

Vietnam attaches importance to the enhancement of ties with partners, including its extensive strategic partnership with Japan, he affirmed, expressing his belief that the two countries will become a model of the partnership for development.

At the conference, Quang also highlighted Vietnam’s development targets, orientations, viewpoint, and priorities. He underlined the country’s consistent foreign policy of independence, self-reliance, multilateralization and diversification of external relations, and being a good friend, trustworthy partner, and active and responsible member of the international community.

Also on May 25, Deputy PM Quang had meetings with Japanese Foreign Minister Hayashi Yoshimasa and Chief Representative of the Komei Party of Japan Yamaguchi Natsuo.

Deputy PM Tran Luu Quang (left) meets with Japanese Foreign Minister Hayashi Yoshimasa in Tokyo on May 25.

During the meetings, the Deputy PM asked the Japanese side to provide new-generation ODA for Vietnam and facilitate Vietnam's participation in Japan's support program to build quality infrastructure in Indo-Pacific and the Asia Energy Transition Initiative (AETI). He also hoped for Japan's support for the Vietnamese community in Japan.

Quang agreed with Yamaguchi's suggestion on promoting exchanges through the party and parliament channels, particularly between young and female parliamentarians.

Source: VNA