President Nguyen Xuan Phuc at the event (Photo: VNA) Hanoi (VNA) – Vietnam supports and will contribute to the Global Southfor a world of fairness, openness, prosperity and happiness, President NguyenXuan Phuc said in his remarks delivered virtually at the opening of the Voice of Global South Summit onJanuary 12.
Initiated by Indian Prime Minister Narendra Modi, the event wasone of the first activities within the framework of India’s G20 Presidency withan aim to integrate views and stances of developing countries into the G20agenda, thereby promoting global solidarity and building a common voice in addressingpressing challenges as well as fulfilling sustainable development goals.
In his remarks, President Phuc highlighted the needto join hands to strengthen foundations for global peace and development, specificallyreinforcing international solidarity and cooperation and maintaining a peacefuland stable environment for development, promoting free trade and internationalinvestment as a driving force for sustainable economic growth, putting peopleat the center and "leaving no one behind"; creating new growthengines on the basis of creatively taking advantage of the IndustrialRevolution 4.0, reforming the global governance system towards enhancing theposition and voice of developing countries.
In order to spread the Voice of the Global South, he suggested raisinga common voice and making substantial contributions to promotingmultilateralism, reforming the United Nations to be more democratic andeffective, strengthening the multilateral trading system with the World TradeOrganisation (WTO) at the centre and minimising trade barriers.
President Phuc also proposed increasing developed nations’ preferential financialsupport for the South countries, waiving and rescheduling debts payment forpoor nations, providing support in climate change response, green transition,sustainable development and building post-2025 finance roadmap, strengtheningnew financial mechanisms and mixed financing with the involvement of theprivate sector.
In his view, technology, digital transformation and innovationneed to have a central position in the development strategy of every country, playingas a driving force of green growth, labour productivity and competitiveness.
Participants at the event urged stakeholders to take immediate actions to meetsustainable development goals on schedule.
Themed “Unity of Voice, Unity of Purpose”, the event saw theattendance of heads of State and Government leaders of Mozambique, Senegal,Guyana, Uzbekistan, Bangladesh, Cambodia, Mongolia, Papua New Guinea andThailand.
Initiatives, commitments and recommendations at the event laidan important foundation for G20’s agenda in 2023, toward the G20 Summitscheduled for September 2023./.
