WEF to expand cooperation with Vietnam in Davos 2019: official hinh anh 1Illustrative image (Source: AFP)

Geneva (VNA) – The World Economic Forum (WEF) will expand cooperation with Vietnam in 2019, which will be momentum for the two sides to strengthen their partnership in the time ahead, according to Justin Wood, head of the WEF’s Regional Agenda – Asia Pacific.

Justin Wood, who is also member of the WEF’s Executive Committee, made statement in an interview with the Vietnam News Agency ahead of Prime Minister Nguyen Xuan Phuc’s trip to Switzerland to attend the WEF Annual Meeting 2019 in Davos (Davos 2019) from January 22-25.

The two sides will reach two important partnership agreements during the forum, covering the management of plastic waste, which remains a headache of all economies, he said.

The WEF has developed different initiatives and projects in an effort to bring businesses and governments closer to manage plastic waste, and build up common perception of responsibility for plastic waste, towards a more sustainable and responsible economy, Wood noted.

He said PM Phuc would hope to apply these initiatives in Vietnam to help the country manage the plastic economy in the most effective way, and share them with the whole Association of Southeast Asian Nations (ASEAN).

Vietnam’s ASEAN Chairmanship in 2020 would be an opportunity to roll out the initiatives in the regional scale, Wood noted.

The other agreement will target cooperation in the fourth Industrial Revolution, Wood said, adding that the WEF has, to date, built four centres for the Fourth Industrial Revolution (C4IR) worldwide, with the headquarters based in San Francisco, the US.

The centres aim to connect governments with corporate leaders to seek treatment methods towards technologies in the most responsible manner, bringing the most interests to the society and ensuring that cutting-edge technologies are used for right purposes.  

Wood highlighted the fruitful relations between the WEF and Vietnam, which has been reflected in 2018, with the WEF on ASEAN as the spotlight.

The two sides are partnering in many spheres with valid projects in Vietnam covering food industry, infrastructure and the fourth Industrial Revolution, he said.

They are working on ways to improve the quality of Vietnamese farm produce, increase investment in Vietnam’s infrastructure and apply achievements of the fourth Industrial Revolution in Vietnam.

Mentioning cooperation within the public-private partnership (PPP) agreement signed by the WEF and the Vietnamese Ministry of Foreign Affairs in Davos in 2017, Wood said the WEF will continue to work together with Vietnam to extend the collaboration until 2020.

The deal has laid a foundation for the two sides’ affiliation, and it has been realised effectively with the above-mentioned projects, he said.

Wood last visited Vietnam in November 2018 to discuss the relations between the WEF and Vietnam, including the possible establishment of a branch of the C4IR in the Southeast Asian nation.-VNA