UN General Assembly
1993

the world, Viet Nam has both assets and difficulties, opportunities and challenges stemming from its specific historical circumstances, natural conditions and its geopolitical and geoeconomic position. We are now facing the acute challenge of how to overcome, soon, our state of poverty and underdevelopment, and join the mainstream of progress in the region. The only way is to tap all domestic resources, which, first and foremost, means bringing into full play the dynamism and creativity of every Vietnamese, and at the same time expanding international cooperation in friendship with all countries based on the principle of mutual respect for national independence and sovereignty, and on equality and mutual benefit. This imperative need impels us to initiate and step up efforts towards renewal in every sphere of social life; at its core, this is focused on a market economy and on perfecting the rule of law in a State that is truly of the people, by the people and for the people. The process of renewal focuses on the economic field with a view to developing a multisectoral economy operating