Famous quote by Nguyen Xuan Phuc

"We are committed to building a strong and resilient economy that can withstand challenges"

About this Quote

The promise of commitment signals more than a policy stance; it conveys a governing philosophy that values durability over short-term gains. Strength speaks to productivity, competitiveness, and the capacity to generate rising living standards. Resilience adds a crucial dimension: the ability to absorb shocks, adapt to shifting conditions, and emerge better configured for the future. Together, they frame economic policy as a form of national security and social stability.

Withstanding challenges implies anticipating a wide array of stressors, pandemics, financial volatility, supply chain disruptions, climate impacts, and geopolitical uncertainty. Building buffers, healthy public finances, adequate foreign reserves, and prudent regulation, matters, but resilience also requires agility: diversified export markets, deeper domestic value chains, flexible yet protected labor markets, and institutions that learn and reform quickly.

Such a vision recognizes that resilience is a system property. It depends on human capital and healthcare, on infrastructure that lowers logistics costs and withstands extreme weather, on digital networks that decentralize risk and broaden opportunity. It asks the state to set clear rules, curb corruption, and invest where markets underinvest, basic research, education, and climate adaptation, while empowering private enterprise and innovation to carry growth forward.

For an open, trade-driven economy, balancing integration with strategic autonomy is essential. Openness brings technology and investment; selective self-reliance ensures critical capacities during disruptions. Upgrading along global value chains, strengthening small and medium-sized enterprises, and fostering green and digital transitions deepen this balance, reducing vulnerability while enhancing competitiveness.

Resilience is social as well as macroeconomic. Social safety nets, fair competition, and regional inclusion bind citizens to a shared project, sustaining confidence through downturns and distributing the dividends of recovery. The emphasis on commitment underscores continuity: resilience cannot be improvised in crisis; it must be built patiently through institutions, trust, and steady investment. The goal is not immunity from shocks but the capacity to turn adversity into a catalyst for more inclusive, innovative, and sustainable growth.

About the Author

Nguyen Xuan Phuc This quote is written / told by Nguyen Xuan Phuc somewhere between July 20, 1954 and today. He was a famous Politician from Vietnam. The author also have 19 other quotes.
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