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Socialist-oriented economy helps Vietnam go forward confidently: Russian expert

A socialist-oriented economy is the firm foundation for Vietnamese people to look to the future with confidence, Chairman of the Council of Experts of the Eurasian Research Fund Grigory Trofimchuk told Vietnam News Agency's correspondents in Russia.

Production at the Phuc Yen shoe company in Vinh Phuc province

The expert said the socialist democracy model has certain advantages and good development prospects, with social factors playing an important role and the human factor never forgotten, particularly in Vietnam.

He noted Vietnam has extensive international relations and participates in most of the major international organisations.

According to him, Vietnam has come up with approaches that can help the world respond better to a number of challenges, such as the COVID-19 pandemic. When participating in international organisations and economic forums, the Vietnamese Government has clearly introduced benefits of such memberships to the Vietnamese people, creating links between the sides and their consensus towards a common goal.

The expert praised the outcomes of the Communist Party of Vietnam’s 13th National Congress at a time when the country has an increasing role and importance regionally and internationally.

He said the congress has truly propelled the country forward as it addressed key issues of the nation and set out new tasks for the national development toward 2045.

He also took the occasion to express his belief in Vietnam’s future successes./.

VNA

Malaysia launches ASEAN startup platform

Malaysia’s Ministry of Science, Technology and Innovation on June 25 officially launched “Startup ASEAN”,

ASEAN steps up terrorism fight in digital age

The Southeast Asia Regional Centre for Counter‑Terrorism (SEARCCT) under Malaysia's Ministry of Foreign Affairs held an international conference in Kuala Lumpur on June 24

Singapore's core inflation falls in May

Singapore’s core inflation and overall inflation are projected to average between 0.5% and 1.5% this year.

Indonesia concludes FTA talks with Eurasian Economic Union

Indonesia and the Eurasian Economic Union (EAEU) have officially concluded negotiations on a free trade agreement (FTA), aiming to sign the deal later this year,

ASEAN education ministers agree on joint statement on student dropout

The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges"

ASEAN reaffirms commitment to advancing green energy agenda

The 43rd ASEAN Senior Officials Meeting on Energy (SOME), held from June 16–18, marked a significant milestone as member states reached consensus on key strategic agendas

Indonesia to start operating first ocean power plant in 2028

The project is planned to be developed in two phases with each phase of 20 MW in East Nusa Tenggara and West Nusa Tenggara.

ASEAN identified as strategic partner of Argentina

In 2023, trade turnover between Argentina and ASEAN exceeded 9 billion USD, with Argentina

Leaders extend congratulations on Russia Day

General Secretary of the Communist Party of Vietnam Central Committee To Lam and State President Luong Cuong on June 12 cabled their messages of congratulations to Russian President Vladimir Putin on the occasion of Russia Day (June 12, 1990).

Indonesia aims to stop corn imports in 2026

President Prabowo noted that in 2024, the country imported around 500,000 tonnes of corn.

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