Vietnam focuses on building an independent and self-reliant economy and promoting international integration

On the afternoon of April 13, Prime Minister Pham Minh Chinh had a phone conversation with Professor Klaus Schwab, Founder and CEO of the World Economic Forum (WEF).WEF).

In a frank, sincere and open atmosphere, the two sides exchanged assessments and comments on global trends and challenges, solutions for economic recovery, promotion of green growth and sustainable development. as well as orientation of Vietnam – WEF relations in the coming time.

At the phone call, Prime Minister Pham Minh Chinh highly appreciated the role of the WEF as the leading economic forum; wishes to further promote substantive and effective cooperation between Vietnam and WEF and member corporations of WEF.

Affirming that the right thinking and policy orientation is an important factor creating resources for development, the Prime Minister shared a number of major, directional issues, which are the development viewpoints of the Party. Communist Vietnam headed by General Secretary Nguyen Phu Trong. In particular, the Prime Minister emphasized that Vietnam continues to build three pillars of socialist democracy, building a socialist rule of law state and building a socialist-oriented market economy. The Prime Minister emphasized that Vietnam does not sacrifice progress and social justice to pursue economic growth alone. In the context of the complicated world situation, current challenges are global and affect all people, the two sides share the important role of multilateralism, international cooperation, and approach. approach globally, join hands to solve global challenges, especially epidemics, climate change, food security, restore global supply chains…

The Prime Minister said that Vietnam focuses on building an independent and self-reliant economy, while continuing to promote extensive, comprehensive and effective international integration, with the motto of taking internal resources as the basis. strategic, long-term; External resources are important, breakthrough. The Prime Minister asked the WEF to continue to accompany and support Vietnam, especially providing policy advice to help Vietnam perfect its institutions, transform its growth model, and restructure its economy towards a green, sustainable and practical direction. implement digital transformation, apply science and technology and improve the quality of human resources; connecting Vietnam with prestigious global corporations and investment funds, helping Vietnam to attract investment and finance from WEF member groups, especially in the fields of high technology, energy transformation quality, digital transformation, infrastructure development…

Professor Schwab was particularly impressed and congratulated Vietnam on achieving many important results in terms of epidemic prevention and economic recovery in 2021. The results of socio-economic development have proved the decision to switch Vietnam’s strategy to safe adaptation is very correct and timely. Professor Schwab said that, with the right development orientation, commitment and determination to digital transformation, green transformation as well as human potential, Vietnam is facing many great opportunities to develop strongly, become becoming a constructive partner of the international community in its efforts to shape the future, and at the same time a destination highly appreciated by global businesses, especially members of WEF. Professor Schwab affirmed that the WEF and Professor personally have a lot of affection and deep interest in Vietnam, and are committed to continuing to accompany and cooperate with Vietnam to realize socio-economic development goals. propose that the two sides sign a Partnership Agreement in order to create a substantive and effective cooperation framework in the coming time.

Professor Schwab said that the WEF is actively preparing for the WEF Davos Annual Meeting on May 22-26, 2022 in a live format with the theme “History at a turning point: Government policy and corporate strategy”. Prof. Schwab cordially invites Prime Minister Pham Minh Chinh to attend and speak at the Forum; He believes that with the role and prestige of Vietnam, the participation of Vietnam, together with the leaders of other countries, international organizations and global corporations will contribute to the orientation of strategic ideas, thinking and policies. strategy in the current turning point.

The Prime Minister highly appreciated the significance of the upcoming WEF Davos Annual Meeting. The Prime Minister thanked Professor Schwab and affirmed that Vietnam will actively participate and contribute at the Conference.

On this occasion, Prime Minister Pham Minh Chinh invited Professor Klaus Schwab, Founding Chairman and CEO of WEF to soon lead a delegation of member businesses to visit Vietnam. Professor Schwab happily accepted the invitation, looking forward to returning soon to witness Vietnam’s impressive development achievements and further promote Vietnam-WEF relations.

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