The conference took place over two days, November 22-23, 2025, with the participation of senior leaders of G20 member countries [1] , 20 guest countries [2] and 21 leaders of international and regional organizations [3] .
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 self-reliant world ”.
Accordingly, 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.
The 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, combined with slowing growth and prolonged geopolitical tensions, have negatively impacted the development space of countries. In this context, the leaders emphasized 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, supporting the strengthening of the multilateral trading system, reforming the WTO and supporting 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 stated: The world is undergoing profound changes of an epochal nature, with many issues that are unprecedented, national, comprehensive, and global. In that context, global governance needs to aim at: The central 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 national, comprehensive, global, and puts 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:
First , 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 mechanism for international cooperation with mutual respect, 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, and ensuring global macroeconomic stability.
Second , ensuring 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 effective financial systems and improve digital transformation capacity, better meet the needs of rapid and sustainable development of countries; and comprehensively reform the WTO to operate more actively and effectively.
Third , 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 strengthen dialogue, build a global governance framework that harmonizes the economy, society and environment, the present and the future, and balances interests among economies; and promote cooperation on artificial intelligence, climate change, and prevention of natural disasters and epidemics.
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 expressed agreement and appreciation by many countries.
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[1] Including UK, India, Argentina, Saudi Arabia, Brazil, Canada, Germany, South Korea, Indonesia, European Union, African Union, Mexico, South Africa, Japan, Russia, Australia, France, Turkey, China, Italy.
[2] Including Egypt, Ireland, Algeria, Qatar, United Arab Emirates, Zimbabwe, Ethiopia, Equatorial Guinea, Jamaica, Netherlands, Kenya, Malaysia, Namibia, Norway, Nigeria, Finland, Spain, Vietnam, Sierra Leone, Singapore.
[3] African Union Commission (AUC), African Continental Free Trade Area Secretariat (AfCFTA), African Development Bank (AfDB), Financial Stability Board (FSB), Latin American and Caribbean Development Bank (CAF), European Economic Development Bank (CEB), Food and Agriculture Organization of the United Nations (FAO), International Labour Organization (ILO), International Telecommunication Union (ITU), International Monetary Fund (IMF), New Development Bank (NDB), Organization for Economic Cooperation and Development (OECD), South Centre, United Nations (UN), United Nations Conference on Trade and Development (UNCTAD), United Nations Development Programme (UNDP), United Nations Economic Commission for Africa (UNECA), United Nations Educational, Scientific and Cultural Organization (UNESCO), World Bank (WB), World Health Organization (WHO), World Trade Organization World Trade Organization (WTO).
Source: https://nhandan.vn/thu-tuong-pham-minh-chinh-de-xuat-g20-can-di-dau-trong-xay-dung-co-che-hop-tac-quoc-te-ton-trong-lan-nhau-post925129.html
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