Conveying Vietnam’s message of comprehensive reform

Tuesday, 2017-01-17 10:54:14
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NDO—At the invitation of Klaus Schwab, executive chairman of the World Economic Forum (WEF), Prime Minister Nguyen Xuan Phuc and a high-ranking Vietnamese delegation will attend the WEF’s 2017 annual meeting in Davos, Switzerland.

This is an important event, aiming to strengthen Vietnam’s relationship with the WEF and convey a strong message on Vietnam’s economic outlook, determination to carry out comprehensive reform and commitment to building a facilitative and action-orientated government.

The WEF is one of the world’s most prestigious and effective global forums, drawing the interest and participation of the leaders of most major countries, international organisations and world-leading companies. Each year, the WEF holds many global and regional forums, gathering leaders of governments, enterprises, social organisations and scholars from across the world to discuss economic and development issues, as well as global affairs.

The WEF’s most important event is the annual meeting held at the end of January in Davos, Switzerland. There are also regional forums including the WEF on East Asia, Latin America and the Middle East, where regional development issues are discussed, analysed and evaluated.

Established in 1989, the relationship between Vietnam and the WEF is advancing positively. The fine relationship is marked by high-level bilateral activities. Philipp Rösler, a member of the WEF’s Managing Board, visited Vietnam in 2014, 2015 and 2016. Vietnam’s senior leaders have also frequently attended the WEF’s annual meeting and the WEF on East Asia.

In 2010 the WEF on East Asia was held in Ho Chi Minh City with the attendance of about 450 delegates. As the host of the forum, Vietnam actively participated in its activities, leaving a good impression on government leaders and the global business community.

In October 2016 on the occasion of the Cambodia-Laos-Myanmar-Vietnam Summit and the Ayeyawady–Chao Phraya–Mekong Economic Cooperation Strategy Summit, Vietnam collaborated with the WEF to hold the WEF Mekong to promote the Mekong subregion to the global business community. This was a significant milestone in Vietnam-WEF cooperative relations. In agriculture, Vietnam and the WEF are also cooperating closely with Vietnam being one of the WEF’s key partners in its New Vision for Agriculture initiative. Currently Vietnam has eleven large companies that are members of the WEF.

Under the theme “Responsive and Responsible Leadership,” the WEF’s 2017 annual meeting is expected to draw the participation of 3,000 delegates. So far more than 40 leaders of countries, international organisations, world-leading corporations and renowned scholars have affirmed their attendance.

This year’s annual meeting will include more than 300 sessions on the following groups of issues: enhancing global governance, responding to security instability and crises, promoting inclusive and sustainable growth amid a global economic slowdown, national and regional economic restructuring and social reform and developing new industrial systems and business models amid the fourth industrial revolution. The annual meeting will also discuss implementing the WEF’s initiatives in such areas as consumption, digital economy and society, economic growth and social inclusiveness, energy, the environment, the financial and monetary systems, food security, healthcare, investment and international trade and infrastructure.

The meeting is an opportunity to promote the position and role of Vietnam as the host of the APEC Summit, affirm the country’s responsible contributions to ASEAN through activities towards the 50th anniversary of the establishment of ASEAN held by the WEF.

Attending the WEF’s 2017 annual meeting in Davos, the Vietnamese delegation, headed by Prime Minister Nguyen Xuan Phuc, will convey a strong message about Vietnam’s economic outlook, economic policies and determination to push for comprehensive reform and proactive international integration.

Vietnam’s message of commitment to building a facilitative and action-orientated government comes in line with the meeting’s theme, thereby enhancing the role of the Vietnamese government in comprehensively reforming the country to reinforce the confidence of the international community.