Prime Minister Pham Minh Chinh Shares Vietnam’s Vision at WEF 2024

DNHN - Prime Minister Pham Minh Chinh will share Vietnam’s vision at the 54th World Economic Forum Annual Meeting (WEF-54) in Davos, Switzerland, from January 16 to 18.

Ms Le Thi Tuyet Mai, Ambassador and Permanent Representative of Vietnam to the United Nations, WTO, and other international organisations in Geneva, shared that Prime Minister Pham Minh Chinh’s participation in the 54th World Economic Forum (WEF) will provide an opportunity for Vietnam to share its ideas, commitments, and solutions for implementing the country’s sustainable socio-economic development and international integration strategy.

Ms. Mai also announced that the Vietnamese government leader will participate in key sessions, including the WEF’s Country Strategy Dialogue on Vietnam, Vietnam’s policy dialogue, and discussions with several ASEAN countries on the role of global cooperation in the region.

Within the framework of the WEF, Prime Minister Pham Minh Chinh is expected to join a session on restoring confidence in the global system, along with leaders of nations, international organisations, and multinational corporations.

In addition, the Vietnamese leader will deliver speeches at other events, including a seminar on attracting investment in the semiconductor industry and the development experience of international financial centres, with the participation of leading Swiss financial corporations. Furthermore, Prime Minister Pham Minh Chinh will hold bilateral meetings with leaders of many countries and international organisations to discuss regional and international issues, as well as to strengthen connections with partners.

During the meetings, the Vietnamese Prime Minister will personally present Vietnam’s efforts in transforming the growth model, promoting the green economy, reducing greenhouse gas emissions, and fostering innovation and digital transformation, based on the principle of equality. At the same time, he will demonstrate Vietnam’s determination and efforts in fulfilling the commitments made at the 26th United Nations Climate Change Conference (COP26) to achieve net zero emissions by 2050.

In addition, the Vietnamese Prime Minister is scheduled to meet with WEF Founder and Executive Chairman Klaus Schwab to witness the signing of a Memorandum of Understanding on cooperation between Vietnam’s Ministry of Labour, Invalids and Social Affairs and the WEF in developing green transition skills innovation and creativity. Moreover, an agreement between the Ho Chi Minh City People’s Committee and the WEF on cooperation to establish the Centre for the Fourth Industrial Revolution is also expected to be signed.

In over 30 years of cooperation with the World Economic Forum (WEF), Vietnam has affirmed itself as an active, responsible member and a trusted partner of the organisation. The cooperative relationship between Vietnam and the WEF is not merely a partnership but has also been expanding and developing over time.

The WEF and Professor Klaus Schwab, in particular, highly value and appreciate Vietnam’s role and position in the cooperation process. They have created an environment that encourages the sharing of ideas, the search for solutions, and the implementation of important cooperative projects.

The two sides have closely collaborated in various fields, including macroeconomic policy consultation, plastic waste reduction, sustainable agriculture promotion, narrowing the labour skills gap, and accelerating digital transformation. This has contributed to building a strong collaborative platform between Vietnam and the WEF.

Cooperation between Vietnam and the WEF not only occurs at the government level but also includes the active participation of businesses and the international community. Cooperation through WEF programmes, projects, and participation in WEF events has helped Vietnam attract investment, enhance its national image, and expand its relationships with many global businesses.

Last year, a significant event took place when Prime Minister Pham Minh Chinh and Professor Klaus Schwab witnessed the signing of a Memorandum of Understanding (MoU) between Vietnam and the WEF. This MoU was established to promote closer cooperation in the new phase, focusing on six key areas: innovation in agriculture, green transition, zero-waste goals, waste and plastic reduction, transition to renewable energy, digital transformation, and the establishment of the Centre for the Fourth Industrial Revolution. These efforts promise to bring about breakthrough solutions and contribute positively to the sustainable development of both sides.

Thanh Ha