On the morning of November 22, in Johannesburg, South Africa, after the welcoming ceremony for Senior Leaders and Heads of Delegations from countries and international organizations , the 2025 G20 Summit officially opened under the chairmanship of South African President Cyril Ramaphosa, G20 President 2025.
Leading the Vietnamese delegation attending and delivering an important speech at the conference, Prime Minister Pham Minh Chinh proposed three strategic guarantees to promote inclusive and sustainable growth and leave no one behind.
The G20 Summit took place over two days, November 22-23, with the participation of senior leaders of G20 member countries, 20 guest countries and 21 leaders of international and regional organizations.
This is the first time a G20 Summit has been held in Africa, the most important event concluding South Africa's G20 Presidency Year 2025, and marking the fact that G20 member countries have taken turns holding the Presidency of this mechanism.
On the first working day, Prime Minister Pham Minh Chinh and other leaders attended two important discussion sessions with the themes “Sustainable and inclusive economic development - leaving no one behind” and “G20 contributions to a resilient world .”
The leaders focused on exchanging and agreeing on a number of major orientations on economic development, the role of trade and finance for development and debt burden handling, disaster risk reduction and climate change, equitable energy transition and food security.
Leaders shared the view that the global economy is facing many risks and uncertainties, reflected in global macroeconomic imbalances, rising trade protectionism, escalating public debt, and increasingly narrowing access to capital.
These challenges, coupled with slowing growth and persistent geopolitical tensions, negatively impact countries' development space.
In that context, the leaders stressed the need to strengthen coordination of fiscal-monetary-trade policies, address macroeconomic imbalances and inequality, strengthen market confidence, promote regional connectivity and mobilize investment resources more strongly, thereby ensuring macroeconomic stability and promoting global growth in an inclusive and sustainable direction.
The leaders affirmed that international trade continues to be an important driver of growth, supported strengthening the multilateral trading system, reformed the World Trade Organization (WTO), and supported small and medium-sized enterprises to participate deeply in the global value chain.
The leaders also called for accelerating reforms of the international financial system, enhancing transparency and debt sustainability, and effectively implementing debt resolution mechanisms such as the G20 Common Debt Resolution Framework, increasing the role of multilateral development banks, and mobilizing resources for infrastructure development, energy transition, and sustainable development goals.
The conference affirmed the urgent need to improve resilience to natural disasters and respond to climate change as risks are increasing, greatly impacting people's lives, economic activities and efforts to promote sustainable development.
The leaders agreed to strengthen international cooperation in disaster risk management, establish early warning systems, build high-quality infrastructure, and ensure water, food, and health security.
The leaders also agreed to increase resource mobilization for green energy transition and sustainable agriculture.
Speaking at the Conference, Prime Minister Pham Minh Chinh assessed that the world is undergoing profound epochal changes, with many unprecedented issues of a national, comprehensive and global nature.
In that context, global governance needs to aim at: The core goal is to maintain peace, stability and inclusive, comprehensive development; The most important principle is to respect equality, mutual benefit, based on international laws and practices, solidarity, cooperation, and dialogue to create strength, bring benefits, and strengthen trust; The consistent approach is to be all-people, comprehensive, global, and put people at the center.
With the motto “unity for strength - cooperation for benefits - dialogue for trust,” the Prime Minister proposed three strategic guarantees to promote inclusive and sustainable growth and leave no one behind.
To ensure stability for development in international relations, world politics and global macroeconomics, the Prime Minister proposed that the G20 take the lead in building a mutually respectful international cooperation mechanism, seeking solutions to conflicts, creating a favorable environment for development; coordinating policies to prevent systemic risks, respond to crises; limiting trade barriers, minimizing supply chain fragmentation; promoting debt conversion initiatives, ensuring global macroeconomic stability.
To ensure a rules-based multilateral trading system with the WTO at its center, a balanced, transparent and open global financial system; equal access to science, technology and finance for development, the Prime Minister suggested that the G20 strengthen cooperation, fight against politicization of science and trade, support developing countries with fair trade policies, harmonize interests, develop an effective financial system and improve digital transformation capacity, better meet the needs of rapid and sustainable development of countries; comprehensively reform the WTO to operate more actively and effectively.
To ensure flexible and effective global governance, creating an ecosystem for strong development in the era of digital transformation and green transformation, the Prime Minister called on the G20 and multilateral mechanisms to enhance dialogue, build a global governance framework that harmonizes the economy, society and environment, the present and the future, balances interests between economies; and promote cooperation on artificial intelligence, climate change, natural disaster and disease prevention.
The Prime Minister affirmed that Vietnam is ready to actively, equally and mutually beneficially cooperate with countries, the G20 and the international community for a world of peace, civilization, prosperity, sustainable and inclusive development, “leaving no one behind” so that all people can benefit from the fruits of development and deep and effective international integration.
The Prime Minister's speech was welcomed and highly appreciated by many countries./.
Source: https://www.vietnamplus.vn/thu-tuong-pham-minh-chinh-de-xuat-3-bao-dam-chien-luoc-ve-thuc-day-tang-truong-post1078666.vnp
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