PM puts forward digital economy development proposals at global summit

Promoting cooperation in digital transformation will help countries soon meet United Nations Sustainable Development Goals 2030 given the current context, said Vietnamese Prime Minister Pham Minh Chinh at the Global Trade in Services Summit 2021.

Prime Minister Pham Minh Chinh stresses the importance of promoting international cooperation in developing a digital economy at  the Global Trade in Services Summit 2021. (Illustrative image)

Prime Minister Pham Minh Chinh stresses the importance of promoting international cooperation in developing a digital economy at  the Global Trade in Services Summit 2021. (Illustrative image)

Addressing the event that opened in Beijing on September 2 via video, Chinh pointed to the fact that countries are now suffering from combined effects of the COVID-19 pandemic, climate change and resource depletion.

Given the context, he said increasing international cooperation in the field of technology is the key to helping countries transform growth models, better exploit resources, promote flows of capital, goods and services, thereby creating a new driving force for economic growth, and ensuring sustainable, inclusive and comprehensive development.

The Prime Minister emphasized that Vietnam’s potential for digital economic development is enormous, for the nation is a dynamic developing economy in ASEAN, it has signed 17 Free Trade Agreements with over 60 partners, and it a market of nearly 100 million consumers, most of whom are young and quickly adapting to digital technology.

To promote international cooperation in the field of technology, the Vietnamese Prime Minister made five specific proposals.

Firstly, he said countries need to take advantage of digital transformation to accelerate the fulfilment of the United Nations Sustainable Development Goals 2030, which focus on narrowing the development gaps and social inequality between countries, creating conditions for people in underdeveloped areas to have equal access to services provided on digital platforms.

Secondly, he recommended further strengthening the role of international cooperation agreements on digital technology so that the digital economy develops strongly and in the right direction, while at the same time it ensures cyber security and safety, guarantees privacy, fights monopoly and eliminates inequality in the implementation of tax obligations.

Vietnam is willing to work alongside other countries to build an appropriate legal framework in order to help the digital economy develop strongly, contribute and harmonize with the common interests of the whole society, he stressed.

Thirdly, according to Chinh, it is imperative to strengthen international cooperation in education and training of human resources in the field of science and technology, supporting employees to gradually adapt to digital technology.

Fourthly, he suggested promoting the role of digital technology in trade facilitation, especially the movement of goods by multimodal transport, creating favourable conditions for people’s travel, and ensuring the supply chain is not disrupted in the context of the COVID-19 pandemic.

Last but not least, he said countries need to strengthen cross-border e-commerce on the basis of equality and mutual benefit, thereby helping promote exports, especially for seasonal agricultural and aquatic products.

The Global Trade in Services Summit 2021 opened in Beijing, China, on September 2 as part of the China International Fair for Trade in Services (CIFTIS) 2021.

This year's event has attracted over 11,000 enterprises from 153 countries and regions, up 45% from last year. Among the 2,400 firms that are showcasing their products and services offline, up to 18% are Fortune 500 companies and leading enterprises, according to the organizers.

Chinese President Xi Jinping delivered a keynote speech at the opening ceremony. Other speakers included Belarusian President Alexander Lukashenko, Uruguayan President Luis Lacalle Pou, Zimbabwean President Emmerson Mnangagwa, Irish Prime Minister Micheal Martin, and WTO Deputy Director-General Anabel Gonzalez.

VOV

Other News

National Assembly Chairman urges renovation in leadership, working style

National Assembly Chairman urges renovation in leadership, working style

The NA's Committee for Cultural and Social Affairs has moved fast to reshuffle its organisation after the 14th National Party Congress and the election of deputies to the 16th NA, updating its work agenda to match new directives set out in the resolutions of the 14th National Party Congress and the first Congress of the NA Party Organisation for the 2025–2030 term.

Vietnam treasures ties with Croatia: PM

Vietnam treasures ties with Croatia: PM

Vietnam and Croatia should strive to double bilateral trade turnover from the current level of 161 million USD; study the establishment of a Joint Committee on Economic Cooperation to create a long-term, stable, and effective framework for collaboration, said Prime Minister Le Minh Hung.

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Deputy Foreign Minister Nguyen Minh Hang shared Vietnam’s approach to building an independent and self-reliant economy linked to deep international integration, while proposing several key areas for enhanced cooperation between BRICS and partner countries at the Expanded BRICS Foreign Ministers' Meeting that opened on May 14 in India.

Vietnam asks parties to respect its sovereignty over Truong Sa

Vietnam asks parties to respect its sovereignty over Truong Sa

PSNews - The spokesperson stated that the dispatch of personnel by relevant parties to features belonging to Truong Sa without Vietnam’s permission constitutes a violation of Vietnam’s sovereignty under international law. She stressed that such actions run counter to the Declaration on the Conduct of Parties in the East Sea (DOC) as well as ongoing efforts by countries to negotiate a Code of Conduct in the East Sea (COC).

Hanoi to host ASEAN Future Forum 2026 in mid-June

Hanoi to host ASEAN Future Forum 2026 in mid-June

PSNews - Vietnam’s proposals placed the highest priority on ensuring a peaceful and stable environment conducive for continued sustainable development and improving the well-being and happiness of the ASEAN people. They were praised by member states and incorporated into the core contents of the ASEAN Leaders’ Statement on the response to the Middle East crisis.

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam highly values the support of the United Nations Office on Drugs and Crime (UNODC) in strengthening national capacity in crime prevention and criminal justice, drug control, and addressing emerging challenges, particularly cybercrime, said Ambassador Vu Le Thai Hoang.

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Consolidating the central steering committees for institutional and legal reform and for judicial reform is necessary in order to streamline organisational structures without reducing responsibilities, while ensuring clear accountability, measurable outputs and concrete results. Following the restructuring, the body will be renamed the central steering committee for institutional improvement and law enforcement, with the Party General Secretary and State President serving as its head.

Vietnam strives for substantive outcome at NPT review conference

Vietnam strives for substantive outcome at NPT review conference

At the meeting this week, Ambassador Viet briefed the UNGA President on developments during the first two weeks of the conference. He stressed that the current international geopolitical landscape poses numerous complex challenges, while reaffirming Vietnam’s determination, together with other member states, to promote substantive and balanced outcomes at the conference.

Top leader of Vietnam receives Vientiane official in Hanoi

Top leader of Vietnam receives Vientiane official in Hanoi

The host leader stressed that cooperation between localities, particularly between the capitals of Hanoi and Vientiane, plays an especially important role as a pioneering force in effectively implementing the foreign polices of the two Parties and States, while also serving as a bridge between politics and development, as well as between strategy and concrete action.