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At the invitation of Founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab, Prime Minister Pham Minh Chinh and his wife will join a high-ranking Vietnamese delegation to attend the 55th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland.
This is the second consecutive year that Prime Minister Pham Minh Chinh has attended WEF Davos and the fourth time attending WEF conferences as Prime Minister.
Important foundation to promote cooperation between Vietnam and WEF
Since Vietnam and the World Economic Forum established relations in 1989, cooperation between Vietnam and WEF has been promoted and developed in many fields by leaders of both sides.
Vietnam has attended the WEF Davos Annual Meeting at the Prime Minister level 5 times (2007, 2010, 2017, 2019, 2024) (other years usually attended at the Deputy Prime Minister level); attended the WEF Pioneers Annual Meeting in Tianjin/Dalian twice (2023, 2024); attended the WEF ASEAN Meeting (before 2016, it was WEF East Asia) at the Prime Minister level 4 times (2012, 2013, 2014 and 2017) (other years usually attended at the Deputy Prime Minister level).
Leaders of the two sides also promoted high-level contacts and exchanges, especially between Prime Minister Pham Minh Chinh and WEF Founder and Executive Chairman Klaus Schwab at the WEF Tianjin Conference (June 2023), the 41st ASEAN Summit (November 2022) and the 43rd (September 2023) and Professor Klaus Schwab's visit to Vietnam (October 2024).
Vietnam and WEF have coordinated to organize many important conferences: The first Vietnam-WEF National Strategy Dialogue (CSD) (October 29, 2021) was held in a combination of in-person and online formats with the theme "Strengthening public-private partnerships: A key driver of comprehensive recovery and sustainable, inclusive, and innovative development."
The dialogue is considered the most successful national strategic dialogue that WEF has coordinated with a country to organize, in terms of participation level, content, timing and organization.
At the 2023 WEF Tianjin Conference, Prime Minister Pham Minh Chinh co-chaired the 2nd National Strategy Dialogue (June 26, 2023) with the theme "Promoting new growth drivers to create the country's future."
At the WEF Davos 2024 Conference, Prime Minister Pham Minh Chinh chaired the 3rd National Strategic Dialogue (January 16, 2024) with the theme "New Development Horizons: Promoting Transformation, Opening Up New Growth Drivers in Vietnam."
Vietnam hosted the WEF ASEAN 2018 in Hanoi from September 11-13, 2018, the first WEF-Mekong Conference on October 25, 2016 in Hanoi and the WEF East Asia Conference from June 6-7, 2010 in Ho Chi Minh City.
On June 26, 2023, at the WEF Tianjin Conference, Vietnam and WEF signed the Vietnam-WEF Cooperation Memorandum for the 2023-2026 period, witnessed by Prime Minister Pham Minh Chinh and Professor Klaus Schwab.
On June 26, 2023, at the WEF Tianjin Conference, the two sides signed the Vietnam-WEF Cooperation Memorandum of Understanding for the 2023-2026 period, witnessed by Prime Minister Pham Minh Chinh and Professor Klaus Schwab, which is an important foundation to promote bilateral cooperation in the new period.
The MoU focuses on cooperation in six areas: innovation in the food sector; development of innovation and green transformation skills; industrial clusters towards net zero emissions; promoting actions on plastics, including the Global Partnership for Plastics Action Programme (GPAP); financing for renewable energy transition; cooperation on digital transformation and promoting the establishment of the Center for the Fourth Industrial Revolution (C4IR).
Prime Minister Pham Minh Chinh inaugurated the C4IR Center for the Fourth Industrial Revolution on September 25, 2024 in Ho Chi Minh City. This is the 19th C4IR Center of WEF worldwide and the second Center in Southeast Asia.
Speaking at the inauguration ceremony of the C4IR Center for the Fourth Industrial Revolution in Ho Chi Minh City, Prime Minister Pham Minh Chinh affirmed that the establishment of the Center is the result of realizing the policies and guidelines of the Party and State of Vietnam on the fourth industrial revolution; meeting the requirements of national development in the new period.
Along with that, the Center demonstrates Vietnam's deep integration and participation with the world to promote science and technology, innovation; demonstrates Ho Chi Minh City's pioneering role in this field, while demonstrating Vietnam's mettle, intelligence, pride, and aspiration in the fourth industrial revolution; affirms the close relationship between Vietnam and WEF in the spirit of "what is said is done, what is committed is implemented effectively in practice."
Requesting the Ho Chi Minh City Center for the Fourth Industrial Revolution to promote the spirit of self-reliance, self-improvement, and creative activities based on its functions, tasks, and powers, the Prime Minister entrusted the Center with 20 words: "Pioneering, cooperating, connecting, digitalizing, greening, practical, effective, spreading, for the country, for the people."
Collaboration in the Smart Age
The fact that WEF continuously invites the Prime Minister to attend WEF Global Conferences shows Vietnam's increasing role, position and international prestige.
Attending the WEF conference also demonstrates Vietnam's efforts in maintaining peace, development, solving global issues, sharing views on development thinking and global governance in the context of profound changes in the world economy.
According to Deputy Minister of Foreign Affairs Nguyen Minh Hang, Prime Minister Pham Minh Chinh’s attendance at the 55th WEF Davos Conference with the theme “Cooperation in the Smart Age” is highly anticipated by the WEF Board of Directors and the global business community. This is an important opportunity for the international community and large enterprises to directly discuss with the Prime Minister and leaders of ministries, sectors, localities and enterprises about development orientations, priorities and opportunities that Vietnam can bring to businesses in the current period of profound world transformation.
The Prime Minister will convey important messages about Vietnam's determination, aspiration and vision towards strategic development goals in the next 20 years.
The Prime Minister will convey important messages about Vietnam's determination, aspiration and vision towards strategic development goals in the next 20 years.
With in-depth exchanges at the Conference attended by more than 3,000 leaders of countries, international organizations and the world's leading corporations, we also promptly grasp the development trends of the times, the flows that are shaping the smart era, thereby building mechanisms, policies and measures to take advantage of opportunities and minimize negative impacts from new trends.
The Prime Minister will also chair many discussions on practical topics related to the current requirements of national development, especially the implementation of Resolution No. 57 of the Politburo on breakthroughs in science and technology development, innovation and national digital transformation.
The Prime Minister's working trip will open up many cooperation opportunities between Vietnam and leading countries and corporations in the world in key areas such as artificial intelligence (AI), investment in innovation, high technology, AI application in smart manufacturing, development of an international financial center in Ho Chi Minh City, application of AI and new technologies in the healthcare and pharmaceutical industries, etc.
According to Deputy Foreign Minister Nguyen Minh Hang, the Prime Minister's trip to attend the WEF Davos Conference is a multilateral foreign activity that opens a very exciting year of multilateral foreign affairs for Vietnam.
We believe that through this conference, Vietnam will continue to affirm its role as a reliable partner, an active, responsible and potential member of the international community in the smart era, towards a prosperous and sustainable future for humanity.
The World Economic Forum (WEF) is a non-profit organization operating in the form of public-private partnership, founded in 1971 by Professor Klaus Schwab, headquartered in Geneva, Switzerland.
WEF currently has about 700 partners who are leaders of the world's leading corporations in various fields.
WEF was one of the first forums to discuss the Fourth Industrial Revolution and is currently implementing a number of specific and substantive initiatives such as the Fourth Industrial Revolution Hub in the United States, India and Japan and the Cybersecurity Hub with the participation of 92 partners.
The most important event of WEF is the Annual Conference held every January in Davos, Switzerland. Besides, there are regional forums: WEF Tianjin Conference (or Dalian, China), WEF ASEAN Conference...
WEF events attract the world's leading political, business, cultural, social, research-academic leaders to shape agendas at the regional and global levels.
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