Conveying the message of building a scrupulous, highly developed and action-oriented government

Sunday, 2017-01-22 15:21:14
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Prime Minister Nguyen Xuan Phuc (left) and WEF President Klaus Schwab.
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NDO - Prime Minister Nguyen Xuan Phuc and a high-level Vietnamese delegation on January 20 concluded an official visit to Switzerland to participate in the World Economic Forum (WEF) Annual Meeting 2017. On this occasion, Deputy Foreign Minister Bui Thanh Son granted an interview to the press about the outcomes of the Prime Minister’s attendance to the forum.

Q: Could you tell us about the significance of the theme “Responsive and Responsible Leadership” of this year’s WEF?

A: Each WEF meeting was held in a particular context. Unlike previous events, the World Economic Forum Annual Meeting 2017 took place in the context of new developments in the world, such as the global economic slowdown showing signs of stagnation; trade and investment facing significant challenges; and the complicated political-security situation in the world. The rise of populism, extreme nationalism and protectionism in many countries is challenging the achievements of globalisation and economic integration. While the strong development of the fourth industrial revolution has created more opportunities it also poses new issues in terms of institution, economics and society that need to be addressed.

In this context, many countries are adjusting their development and external relation policies and strategies. The theme of the WEF Meeting 2017 reflected requirements for leaders and governments to act with high responsibility before the people and the business community in the new situation while contributing to consolidating the environment of peace, stability and cooperation around the world.

Q: Could you assess outstanding results achieved by the Vietnamese delegation during the WEF Meeting?

A: The Vietnam delegation led by Prime Minister Nguyen Xuan Phuc participated in the World Economic Forum Annual Meeting 2017 from January 18-20, marking the first time after seven years a Vietnamese PM has attended the event. Many important and practical results were achieved after only two days of the meeting.

Firstly, the Prime Minister conveyed a message to the international business community about the determination of the Party and State on national comprehensive reform, promoting economic restructuring and growth model shifting in Vietnam between now and 2020; about the policies and efforts made by the Government to build a scrupulous, highly developed and action-oriented government, to improve the business and investment environment, as well as encourage entrepreneurship, innovation and creativity. All of which is very suitable with the WEF meeting’s theme “Responsive and Responsible Leadership”, therefore the attendance and initiatives of Vietnam were welcomed by delegates at the meeting, contributing to enhancing the position and image of Vietnam at the event.

Secondly, PM Nguyen Xuan Phuc met senior leaders from many countries such as Switzerland, the Netherlands, Austria, and international organisations, including the World Bank, WTO, ADB, OECD and several others, in efforts to deepen the fine relations with the mentioned countries and organisations. Furthermore, the PM met and held talks with around 40 world leading corporations such as Microsoft, Facebook, Alphabet (Google), Qualcomm, Standard Chartered, Prudential, Alibaba, as well as encouraged them to increase investment in Vietnam in the coming years. In addition, Vietnamese ministers also actively participated in meetings and working groups, as well as meet new business partners and enterprises to promote cooperation in agriculture and industry - manufacturing.

Thirdly, on the occasion, Vietnam and the WEF signed a partnership agreement in form of Public – Private Partnership (PPP) to support the country’s economic development as the Fourth Industrial Revolution unfolds. The agreement will bring together the Forum’s ongoing initiatives in Vietnam, which cover areas such as food security, trade, infrastructure and the future of manufacturing while launching new additional initiatives. The work will focus on the Forum’s capacity to convene expertise on issues related to the Fourth Industrial Revolution and to recognise what impact this will have on issues such as development models, industrial structures, and the inclusiveness of growth.

Fourthly, the WEF meeting brought together numerous senior leaders of countries, international organisations, and major enterprises, which provided a good opportunity for Vietnam to promote the 2017 APEC Year in Vietnam, contributing to improving Vietnam's status as the host of the APEC. At the meeting, Vietnam organised many leaders of major international organisations and world leading enterprises to participate and respond to activities of the Vietnam APEC Year 2017.

Fifthly, 2017 is also the 50th anniversary of ASEAN, thus the WEF organised numerous activities and meetings to commemorate the anniversary. And in fact, Vietnam’s active participation as well as its initiatives proposed at the meeting contributed to positively affirmed Vietnam’s image as a responsible member of the ASEAN Community.

Finally, the WEF meeting 2017 brought together leading scholars and experts to share ideas on shaping the global agenda in 2017. It can be said that the event provided a good opportunity for Vietnam to connect, access new ideas, as well as grasp the development trend of the world, especially the development trend of the fourth industrial revolution, in order to apply it to the construction and implementation of national development strategies as well as socio-economic governance.

The aforementioned outstanding results were achieved thanks to the PM’s active attendance at the meeting. The Foreign Ministry also coordinated with relevant agencies and the WEF to build a plan for the participation of Vietnam at the event in an effort to create opportunities and promote Vietnam to the world's leading corporations, as well as attract more high-quality resources for the country in the future.

Thank you very much!