Prime Minister Pham Minh Chinh addresses the WEF's Country Strategic Dialogue on Vietnam in Davos, Switzerland on January 16 (Photo: VNA) The event saw the participation of Joo-Ok Lee, Head of Regional Agenda for Asia-Pacificat the World Economic Forum (WEF) and about 60 leaders from the WEF’s global membergroups.
This is one of eight national dialogue activitiesheld within the framework of the 54th annual World Economic Forum (WEF) tointroduce Vietnam’s socio-economic development strategy, priority areas to drawinvestments, and specific policies that the Government will carry out in the futurein order to create an attractive environment to investors.
At the dialogue, partners showed theirinterest in Vietnam’s policies in emerging areas such as green transition, renewableenergy development, rare earth exploitation, semiconductor industry development,carbon credit market, and power development plan implementation.
The PM affirmed that transforming, finding and creating new growth drivers isan inevitable trend in today's world; no country or economy can develop rapidlyand sustainably if it still maintains old thinking, and only relies ontraditional growth drivers.
He stressed to promote transformation and creation of newgrowth drivers, Vietnam will focus on four main groups of solutions, namely reviewingand perfecting institutions and laws with the spirit of creating the most favourableconditions for businesses and investors; developing infrastructure with focuson strategic infrastructure, especially transport infrastructure, digitalinfrastructure, and infrastructure to respond to climate change; developing humanresources, especially high-quality human resources; and restructuring theeconomy associated with renewing growth model, with priority given to renewableenergy industries, green transition, digital transformation, semiconductorindustry, and innovation.
Chinh said Vietnam is accelerating transformation,including economic transformation with the renewal of old growth drivers and promotionof new growth drivers; digital transformation, green transition, thedevelopment of circular economy, sharing economy, knowledge-based economy;transformation of mechanisms and policies, building strategic infrastructurefor transformation; and human resources transformation.
Highlighting the country’s potential, Chinhsuggested the WEF and its members continue cooperating with Vietnam, whilecalling on investors to accompany the country to intensify investment in priorityareas such as innovation, high sci-tech, including semiconductor technology andartificial intelligence. He affirmed that Vietnam always accompany andcooperate with investors in the spirit of win-win cooperation, harmonisedbenefits, and shared risks.
Agreeing with PM Chinh’s speech, WEF leaders andrepresentatives of businesses spoke highly of the achievements inrecovery, development, growth of economic size, trade scale, as well asVietnam's determination to transform and economic prospects. They assessedVietnam as one of the bright spots for economic recovery in the region, playinga pioneering role in growth model renewal and commitments to energy transition.
The WEF said Vietnam is one of the countries drawing mostinterest from the business community at this meeting.
Many businesses affirmed their pleasure with investment projects in Vietnam, andshowed their impression on the Vietnamese Government’s policies and drastic measuresto create an attractive environment as well as its support to the businesscommunity.
The business community said that Vietnam is one of themost suitable options, a destination for those seek long-term investment andcooperation opportunities. They wished to continue to support and accompanyVietnam in its development and transition process, while suggesting Vietnamcontinue sharing issues that the country needs to support, and maintainingstable, long-term policies./.
VNA
