At the plenary session of the 22nd St. Petersburg International Economic Forum (Photo: VNA)

Moscow (VNA) –
The plenary session of the 22nd St. Petersburg International Economic Forum (SPIEF-2018), the most important event of the forum, took place in Russia on May 26 under the theme “Creating an Economy of Trust”.

Prominent guests include French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan, and Managing Director of the International Monetary Fund (IMF) Christine Lagarde.

Addressing the event, President Vladimir Putin said Russia is always aware that it is part of the global economy. 

He said competition is inevitable in economy, but countries need to show mutual respect on the basic of constructive and win-win dialogues.

French President Emmanuel Macron reiterated that trust plays an important role in the global economy. He admitted that many differences remain between France and Russia, but the two countries also share viewpoints on some issues and are working to build a roadmap to enhance bilateral cooperation. 

Participants discussed how to build trust in international rapports in general and economic relations in particular.

The SPIEF–2018 drew an estimated of nearly 10,000 participants from Russia and other countries from May 24-26, including heads of state and government, politicians and corporate leaders. 

The forum aims to promote constructive dialogues for policymakers, corporations and experts. 

Relevant events focused on four key categories – “The Global Economy in an Era of Change,” “Harnessing Russia’s Growth Potential,” “Human Capital in the Digital Economy” and “Technology for Leadership.”

The Vietnamese delegation led by Chairman of the Communist Party of Vietnam Central Committee’s Commission for Economic Affairs Nguyen Van Binh had a bilateral meeting with IMF Director Christine Lagarde on May 25 to discuss cooperation orientations between the IMF and Vietnam in the coming time.

On the second working day of the forum, Vietnamese Ambassador to Russia Ngo Duc Manh witnessed the signing between Vietnamese entrepreneurs living in St. Petersburg and local authorities of a project on repairing and upgrading a complex of hotels with over 130 rooms in the city with an initial investment of over 10 million USD.-VNA