On behalf of the delegation of the Socialist Republic of Viet Nam, I would like to extend our warmest congratulations to you, Sir, upon your election as President of the General Assembly at its fifty-third session. I am convinced that under your wise guidance the work of this session will be crowned with success. I wish also to express our high appreciation to your predecessor, Mr. Hennadiy Y. Udovenko, for his major contribution during the fifty-second session, which benefited from his effectiveness as President. I warmly congratulate the Secretary-General, His Excellency Mr. Kofi Annan, for his active contribution over the past year to the activities of the United Nations and to the reform process. An eventful year has elapsed since the fifty-second session. While undergoing the intense and unpredictable impact generated by the unprecedented financial and monetary crisis, the world community has had to face tremendous challenges emerging out of tensions and conflicts in many corners of the world, out of policies of hegemony and imposition, and out of social injustice and the growing gap between rich and poor countries. However, peace, stability and cooperation for development continue to mark the prevailing international trend; that trend derives from the age-old aspirations of humankind and, above all, from the pressing demand of all peoples in the face of today?s swiftly changing and complex world. That prevailing trend is becoming all the more established in a world context of growing interdependence and of the speedier pace of globalization and regionalization. This situation also presents the international community with as many challenges as opportunities. It must therefore be emphasized that least developed and developing countries are also confronted with considerable challenges, and that the world?s development takes place in a context of various closely linked factors that have reciprocal impacts. In the light of the many important advances that have been made in science and technology, no one can deny the role played by developed countries. But the overall development of the integrated global economy cannot occur without the active participation of developing countries, which account for the majority of the members of the international community. Globalization is characterized principally by the rapid expansion of trade and economic relations and the swift movement of capital at the international level. We must nevertheless acknowledge that despite the twelve- fold growth in the global volume of trade since the end of the Second World War, the share of developing countries registered just a modest increase while that of least developed countries has been halved in the last two decades and currently stands at 0.4 per cent of the total value of international trade. Since the world?s capital moves faster than trade grows, developed countries are the principal beneficiaries of these resources, with the rest going to a limited number of developing countries. In an environment of economic opening up, characterized by the growing liberalization of trade and investment, developing countries — having undercapitalized industries, less efficient management and dilapidated equipment — have to confront unequal and relentless competition in which absolute superiority is enjoyed by countries that have advanced technologies at their disposal and to multinational corporations whose revenues are sometimes even higher than the gross national product of some countries. Undoubtedly, this cannot but cause concern to the developing and least developed countries that are beginning their global and regional economic integration. Additionally, although the current financial and monetary crisis began in East Asia, it is no longer an East Asian phenomenon, but has spread like an oil slick to the rest of the world and now resembles a dangerous storm causing unpredictable losses across many countries in different continents. This illustrates the negative side effects of globalization and provides additional proof of the fact that the greater the rate of globalization, the more interrelated both developed and developing economies become and the more they influence one another. This situation calls for the international community?s programme of action to include mutual cooperation between the developed countries and developing and least developed countries; and among countries that have strong economies, international institutions and the countries in crisis. It is only through this basic approach of mutual assistance that developing countries and 27 countries in crisis will have an opportunity to join in the efforts of the developed countries to overcome the problems and make the global economy?s growth more stable, which in the long run will benefit everyone. Obviously, such cooperation and mutual assistance must be based on mutual interest and respect. It can certainly be said that in a situation of generalized crisis, going to someone else?s aid means saving oneself. We believe that in adopting this approach, developing countries and countries in crisis should fully exploit their own domestic strengths and mobilize their existing potential to speed up and take advantage of international aid and cooperation. As far as external aid is concerned, we believe that the individual conditions of each recipient country should be taken into account in order to avoid the imposition of any remedy that might worsen its situation and cause unforeseen effects to social stability. Furthermore, we are convinced that in implementing these measures to stimulate liberalization, attention should be paid to the diversity of the global economy, as well as to the heterogeneous nature of national and regional economies. This is the only approach capable of ensuring the efficiency of our cooperation, the beneficial quality of our ties and our common prosperity. In this light, we would like to express the following hopes. More than ever, developed countries should facilitate access to their markets, accord most-favoured-nation status to developing countries — especially those countries which have been ravaged by the crisis or are suffering from its consequences — and include them in the Generalized System of Preferences. They should also support developing and least developed countries. It is more necessary than ever to maintain the level of official development assistance. This is not only necessary to halt the downward trend, but also for donor countries to seek to reach the United Nations target of 0.7 per cent of gross national product devoted to development by donor countries. Moreover, this assistance is considered important for developing countries because it allows them to strengthen their energy resources and contributes to building both their economic and social infrastructures, elements which are essential for development and in order to attract foreign investments. The role of multilateral institutions — particularly that of the United Nations — is very important in resolving the long- and short-term problems of developing nations. However, it is regrettable that United Nations assistance to developing countries is continuing to decline. We therefore welcome the adoption of measures by the United Nations to improve the quality of its development cooperation, as well as the initiative of the Secretary- General to create a Development Account using the savings realized from reductions in administrative costs. The United Nations Development Programme (UNDP), along with other international organizations and bilateral and multilateral donors, is currently working to find solutions to the urgent problems of developing and least developed countries. Viet Nam has in recent years benefited from their considerable assistance, which ranged from restructuring the economy into a market economy to specific activities in different areas of society, particularly in the battle to eliminate famine and reduce poverty. More recently, the effective support provided by the Food and Agriculture Organization of the United Nations (FAO) through the implementation of a tripartite agricultural cooperation mechanism agreed among FAO itself, Viet Nam and certain African countries has yielded encouraging results. We hope that on the basis of that experience, the United Nations will focus more on development issues and create conditions that are more favourable for providing assistance to the developing and less developed countries. In recent years, we have witnessed the formation and expansion of linkages among countries at the regional, interregional, intercontinental and global levels. These multi-level linkages among States also give rise to favourable conditions for all nations to exploit their comparative advantages, and they give impetus to increased mutual assistance among various partners, which leads to more equitable and sustainable growth within each region as well as among regions. Peace, stability and development are closely interrelated, like companions on the road to prosperity. Our own experience has taught us that a peaceful environment and political and social stability are indispensable for a nation to devote itself to achieving economic development. In turn, a more developed economy and improved living standards help strengthen political and social stability and thus preserve peace. Two opposing tendencies have characterized the world security situation since the fifty-second session. On the one hand, numerous events have shown a continuing trend of peace and improved relations among countries, 28 as evidenced by fact that the peaceful settlement of certain decades-long conflicts is under way and that relations among nations, including major Powers, continue to improve. On the other hand, we are witnessing on a daily basis bloodshed and confrontation in many regions, from the Middle East to Africa, from the Balkans to South Asia, and so on. The arms race continues unabated. One terrorist act follows on the heels of another. The list of countries to be “punished” is not getting any shorter, and the direct victims continue to be the elderly and women and children. Our planet is thus not yet out of the reach of the Damocles sword of insecurity. The painful lessons of the twentieth century — a century replete with conflicts and wars, including the two World Wars, which claimed tens of millions of lives — and the burning desire of humankind for a better life on the eve of the new century require that we all redouble our efforts to achieve a solid and lasting peace. In today?s world, such a peace will be achieved only if every people and every State — large or small, rich or poor, wherever its location — make every effort in jointly working towards it. Such a peace can be achieved only if it is based on a strict observance in international relations of the principle of respect for independence, sovereignty and territorial integrity; non-intervention in one another?s internal affairs; the non-use or threat of use of force; and sanctions. Such a peace will be established only when the goal of total disarmament is achieved, first and foremost through the elimination of weapons of mass destruction. In this spirit, all States must put an end to the production, testing, stockpiling, proliferation, use or threat of use of these weapons. South-East Asia, as an integral part of the planet, is affected by current global developments. In these last 50 years, it has been a hotbed of conflicts and disputes and the scene of numerous bloody wars and crises. But today South-East Asia?s luck is changing, and an atmosphere of peace, stability and cooperation for development prevails. The membership of the Association of South-East Asian Nations (ASEAN) has increased, bringing it closer to its goal of 10 member countries and helping to put an end to the region?s historical divisions. The South-East Asia Nuclear-Weapon-Free Zone Treaty has been signed. Nevertheless, problems remain, including sovereignty disputes in the South China Sea, that must be resolved in order to ensure peace and stability for all countries in the region. We believe, however, that tensions can be avoided if all parties concerned practise self-restraint; refrain from aggravating the situation; ensure freedom of international maritime transportation; settle their disputes through negotiation on the basis of respect for international law, particularly the 1982 United Nations Convention on the Law of the Sea; and, in the immediate future, seek to identify patterns of cooperation acceptable to all sides. This is in line with the all-out efforts by the countries of the region to build neighbourly relationships of friendship and cooperation based on the principle of mutual respect. In this spirit, as Cambodia?s immediate neighbour, we welcome the success beyond expectations of the Cambodian elections last July, which were recognized to be free and fair by the entire international community. We sincerely hope that this will lead to the early formation of a new government in Cambodia that will set the Cambodian people on the road to building and developing their country in conditions of peace and stability. Regrettably, East Asia in general and South-East Asia in particular, reputed in past decades to be the world?s most dynamic economic growth area, are suffering an unprecedentedly serious crisis. This has led certain people hastily to declare the demise of the miracle of the East Asian development model and even go so far as to reject “Asian values”. I would humbly suggest that such views are groundless. Indeed, the current crisis in East Asia is neither the first nor the last in the history of the market economy. Although some errors were made, the East Asia and South-East Asia development model has already provided quite a few valuable experiences and useful lessons. Are not the virtues of studiousness, industriousness, thrift, intelligence, creativity and caring for one another eternal and universal values? Moreover, there remain substantial economic foundations, unique cultures and the achievements of the people of the region realized thanks to their hard work and creativity — not to mention other positive factors, such as the region?s abundant natural resources, large internal market and major role in world politics and economics. The existence and growth of the Association of South-East Asian Nations (ASEAN) has been another positive factor in the development of South-East Asia. Despite difficulties and challenges, ASEAN continues to 29 become more unified, promote cooperation and play an active role in Asia and the Pacific and the world, not only through intensive interactions with dialogue partners and other international and regional organizations, but also by means of its vigorous work in different multilateral forums: the ASEAN Regional Forum, the Asia/Europe Meeting, the Asia-Pacific Economic Cooperation, the Non-Aligned Movement and the United Nations itself. After successfully hosting the seventh summit of the French-speaking community in November 1997, Viet Nam has the great honour to again play host — this time to the sixth ASEAN Summit, which will be held in Hanoi this December. The Summit, whose theme will be strengthening unity and broadening cooperation for a South-East Asia of peace, stability and balanced development, will adopt the Hanoi declaration and plan of action, which will guide South-East Asia as it enters the next century. As a result of the factors I have outlined, we are firmly convinced that South-East Asia will soon overcome its difficulties and regain its previous pace of growth, and that the international community will continue to regard the region as a promising and reliable partner. To build peace and promote development, it is urgently important to reform the United Nations, to make it more democratic and better adapted to confront the profound changes that have taken place in the world in the 50 years since the Organization was founded. We all agree that it is essential to reform the Security Council so that it will be more democratic, more transparent and more accountable to the General Assembly, the biggest and most representative forum of the community of nations. Viet Nam and its Non-Aligned Movement partners are committed to the position that the developing countries should be represented in the Security Council through permanent membership. In view of the legitimate interests of potential candidates, Viet Nam will support the rotation formula if a majority of countries accept it. Our country also supports the proposed limiting of the right of the veto — prior to abolishing it — to decisions relating to issues provided for under Chapter VII of the Charter. This year the international community will celebrate the fiftieth anniversary of the Universal Declaration of Human Rights. We have always regarded the Declaration as a great achievement of the world?s peoples in their long struggle for fundamental rights, the most important of which are the right to live in peace, independence, prosperity and happiness, and with social justice, and the right to self-determination. It is unfortunate that the issue of human rights has sometimes been twisted to serve as a pretext for intervening and interfering in other countries? affairs. In this regard, Viet Nam greatly appreciates the position the Non-Aligned Movement expressed in the Durban Declaration, during its recent twelfth summit meeting, that human rights should not “be used as a political instrument for interference in internal affairs. ... They require an environment of peace and development, respect for sovereignty, territorial integrity and non-interference in the internal affairs of States. Socio-economic rights, including the right to development, are inextricably part of real human rights.” Having suffered humiliation under foreign domination, having been ridiculed and having sacrificed innumerable lives in order to regain their human rights and dignity, our people will spare no effort to hold on to the fundamental rights they have regained. To achieve the objective of becoming a prosperous people, a strong State and a just and developed society, the Vietnamese people are, and will remain, resolved to pursue their policy of renewal and to industrialize and modernize the country. To do this and promote peace, cooperation and development, Viet Nam will continue to pursue its foreign policy in support of independence, sovereignty, openness, multilateralism, diversification of foreign relations, and gradual global and regional integration. Thus Viet Nam will always be an active member of international and regional organizations. It will continue to contribute to the United Nations efforts for peace and development, particularly in its capacity as a newly elected member of the Economic and Social Council. Humanity enters the new millennium with earnest hopes for a better and more prosperous life. At this historic turning point, we expect the United Nations to make greater efforts to achieve lasting peace and a climate of international cooperation supportive of the development of every nation. Viet Nam will spare no effort to contribute fully to the achievement of that lofty goal.