PM’s presence at WEF Davos 2019 facilitates national development

Prime Minister Nguyen Xuan Phuc’s presence at the annual conference of the World Economic Forum (WEF) in Davos, Switzerland from January 22-25, will be a chance to propagate the country’s socio-economic development and international integration achievements in 2018.
Prime Minister Nguyen Xuan Phuc (Source: VNA)

Prime Minister Nguyen Xuan Phuc (Source: VNA)

His attendance at this important event will also deliver Vietnam’s major policies, orientation and measures on socio-economic development in 2019, thus encouraging leading partners and groups to continue intensifying cooperation with Vietnam, thus consolidating a favourable international environment for the implementation of the country’s socio-economic development targets this year.

Since joining the WEF in 1989, Vietnam’s relations with the high-profile forum have developed rapidly in various aspects. WEF has become an important dialogue forum for Vietnamese Government leaders with their counterparts from nations around the world and leading groups, opening up many investment and development opportunities for the country.

Vietnam’s senior leaders regularly participate in annual conferences of the WEF in Davos and East Asia. Attending the annual conference in Davos in 2017, Prime Minister Nguyen Xuan Phuc delivered a strong message on the country’s economic prospects as well as its commitment to comprehensive reform and active international integration. Also at the event, Vietnam became the first country to sign a cooperative agreement on Public – Private Partnership (PPP) with the WEF on the development of Vietnam's self-reliant economy in the future.

In recent years, Vietnam has proactively taken part in the WEF on East Asia. The 2010 WEF on East Asia was held in Ho Chi Minh City on 2010, drawing about 450 delegates from regional countries, international organisations and multi-national companies. 

Last year, Vietnam again organised the WEF on ASEAN, themed “ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution,” in Hanoi from September 11-13, which was assessed by WEF Founder and Executive Chairman Prof. Klaus Schwab as the most successful regional meeting of the WEF.

The country has also hosted regional conferences of the WEF, notably the WEF on the Mekong Region in October 2016 on the occasion of the 7th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy Summit (ACMECS 7) and the 8th Cambodia-Laos-Myanmar-Vietnam Summit (CLMV 8) to promote the image of the Mekong sub-region to the world’s leading groups.

Vietnam and the WEF have expanded their partnership to other areas such as increasing national competitiveness and in industry and agriculture. The country has actively joined in WEF initiatives such as “New Vision for Agriculture”, “Grow Asia”, and “Green Growth Action Alliance”.

Over the past years, Vietnamese enterprises such as Viettel, FPT, VinGroup, VNPT, Vietcombank have also participated in activities of the WEF, using these opportunities to boost collaboration and exchange experience in business development.

The WEF was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It now engages the foremost political, business and other leaders of society to shape global, regional and industry agendas

This year’s forum will be themed “Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”.

VNA

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.