Fostering Vietnam-US Relations: Mr. Konstantin Dubrovsky’s insights at HSB

(Hanoi, October 28) The distinguished guest lecturer, Mr. Konstantin Dubrovsky, who serves as the Deputy Economic Counselor at the United States Embassy in Hanoi, undertook a visit to the Hanoi School of Business and Management (HSB) to engage in an instructive discourse with the academic community. The thematic foundation for this academic interaction resides in the recent elevation of the Vietnam-US diplomatic relationship to a comprehensive strategic partnership, signifying the initiation of a novel phase in their bilateral collaboration. Mr. Dubrovsky, a highly regarded expert in the realm of international economics and diplomacy, enriched the academic milieu with his profound insights on various subjects.

Bilateral Upgrade

The recent upgrade of Vietnam-US relations to a comprehensive strategic partnership represents a significant milestone, signaling a new chapter in bilateral friendship and cooperation. This upgrade demonstrates the mutual desire to deepen the partnership, with an expanded scope of collaboration across various sectors, including trade, security, education, technology, and culture. The partnership reflects shared values and goals in the Indo-Pacific region, emphasizing peace, stability, and prosperity. It not only opens doors for economic opportunities but also encourages cooperation in security, education, and technology. This development is underpinned by mutual respect and sovereignty, respecting each nation’s independence and territorial integrity. The comprehensive strategic partnership creates a model for positive relations, promoting diplomacy and dialogue as essential tools in addressing international challenges. Mr. Dubrovsky’s presentation at HSB highlighted the significance of this upgrade and the promising prospects it offers for both Vietnam and the United States in the broader region.

Economic Opportunities & Challenges

Mr. Dubrovsky delved into the economic aspects of this partnership. He discussed the dynamics of foreign investment in Vietnam, emphasizing that investors may not always seek direct permission from local authorities, as universities and other entities maintain their independence. The lecturer expressed optimism about Vietnam’s attractiveness for long-term investments, citing factors such as the country’s dynamic environment, a well-educated population, and global respect. He highlighted the importance of the private sector as the engine for economic growth, explaining that the U.S. places the weight of economic development on private enterprises, which operate independently, identifying opportunities and pursuing them proactively. The role of the government is seen as one that facilitates rather than dictates investments. Due diligence is crucial for companies looking to invest, and they should not rely on the government for directions in this regard.

Indo-Pacific Economic Framework

Touching on a broader scope, Mr. Dubrovsky discussed the Indo-Pacific economic framework. This framework represents a strategic approach to regional engagement and cooperation in the Indo-Pacific region. It aims to strengthen ties between countries in this region and create a more connected and prosperous community. The discussion emphasized the United States’ commitment to the Indo-Pacific region, with a particular focus on strengthening economic partnerships and fostering shared economic growth. The guest speaker acknowledged that these discussions, while positive, can be complex and nuanced, especially in the context of changing political administrations. He emphasized that despite the apparent differences between American political parties, the direction of the country’s foreign policy remains relatively consistent. Throughout the conversation, Mr. Dubrovsky highlighted the importance of democratic governance, even if it can be messy and subject to changes with different administrations. The speaker encouraged the audience to focus on the consistent aspects of U.S. foreign policy rather than political campaign rhetoric.

 

Mr. Dubrovsky’s talk covered vital topics related to the upgraded Vietnam-US partnership, focusing on economic opportunities and challenges, and the broader Indo-Pacific economic framework. This insightful conversation with a seasoned professional provided students at HSB with firsthand knowledge and a deeper understanding of the dynamics of international relations and economics in the region.