Vietnamese Prime Minister Pham Minh Chinh attended a Vietnam - World Economic Forum (WEF) national strategic dialogue organized in China on Monday, with the participation of 50 leaders of global groups which are members of the WEF, as part of his ongoing visit to China.

The Vietnamese government leader arrived in Beijing on Sunday to begin his first China visit of his tenure.

After arriving in Tianjin, a coastal metropolis in northern China, to sit in on the 14th Annual Meeting of the New Champions of the WEF, the Vietnamese government chief entered into the dialogue titled 'Boosting New Growth Drivers to Build the Future for The country.'

The dialogue also featured WEF founder and executive chairman Klaus Schwab, as well as WEF president Borge Brende.

This was the only country dialogue to be organized by the WEF within this year’s meeting in Tianjin.

Addressing the dialogue, PM Chinh said that Vietnam has a highly open economy and is significantly affected by the global economy.

Despite global economic uncertainties, Vietnam has effectively responded to outside challenges.

The Southeast Asian nation is focusing on perfecting its mechanisms, developing a high-quality workforce, and investing in modern and synchronous infrastructure, said the prime minister.

After pinpointing Vietnam’s advantages, PM Chinh proposed the WEF and its members keep supporting the country, and deepen cooperation in financial and technological development and high-quality manpower training.

Vietnam is one of the spotlights for economic recovery in the region, and acts as a pioneer in growth model shift and commitments to energy transition, according to the leaders of the WEF.

Many participating firms appreciated the Vietnamese government's support for the business community.

They underscored that Vietnam is one of the most suitable destinations for long-term investment and cooperation.

At the dialogue, many groups showed their interest in some of Vietnam’s potential fields such as traffic infrastructure, logistics, power development, and digitalization, affirming that they will enter the nation to sound out cooperation opportunities.

Nasdaq is committed to aiding Vietnamese firms

Prime Minister Chinh had a meeting with Robert H. McCooey, Jr., vice-chairman of Nasdaq, an American multinational financial services corporation, on Monday afternoon.

Thanking Nasdaq for supporting Vietnamese enterprises, the prime minister expects the corporation to provide Vietnam with information about currency policies in major nations, global financial market trends, and share its experience in capital market development.

The top Vietnamese official also aired his hopes that Nasdaq will continue working closely with Vietnamese investors.

The Nasdaq vice-chairman highly valued the Vietnamese government’s currency and financial management policy, as well as Vietnamese enterprises’ active operations.

He pledges to help Vietnamese firms flourish in the global market.

The vice-chairman also expressed his wish to welcome PM Chinh to the headquarters of the Nasdaq Stock Exchange as soon as possible. 

PM Chinh had another meeting with WEF founder and executive chairman Klaus Schwab, and witnessed the signing of a memorandum of understanding between Vietnam and the WEF in the 2023-26 period on Monday afternoon.

The deal focuses on boosting innovation in food production, developing skills in innovation and green transition, moving industrial clusters toward zero emissions, fostering plastic reducing programs, financing renewable transition, and accelerating digitalization and building the fourth industrial revolution center.

The prime minister and Dr. Schwab discussed some topics about the annual meeting of the WEF scheduled in Davos, Switzerland in January 2024.

The two said that technology, artificial intelligence; technological application to production, agriculture development; and training should be tabled at the next WEF meeting.

Dr. Schwab invited PM Chinh to the WEF meeting in Davos in 2024, while the Vietnamese government leader invited the former and other WEF leaders to pay a visit to Vietnam.

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