Promoting transformation, opening up new growth drivers

Prime Minister Pham Minh Chinh emphasized that to promote transformation, creation, and opening up new growth drivers, Vietnam will focus on four main groups of solutions.

Thủ tướng Phạm Minh Chính phát biểu tại Phiên Đối thoại chiến lược quốc gia Việt Nam-WEF. (Nguồn: TTXVN)

Prime Minister Pham Minh Chinh attends and speaks at the Vietnam-WEF National Strategy Dialogue. (Source: VNA)

On the afternoon of January 16, in Davos, Switzerland, Prime Minister Pham Minh Chinh and a high-ranking Vietnamese delegation attended and delivered a speech at the Vietnam National Strategic Dialogue and the World Economic Forum (WEF) with the theme: "New Development Horizons: Promoting Transformation, Opening Up New Growth Drivers in Vietnam".

Attending the Dialogue were WEF Asia-Pacific Director Joo-Ok Lee and about 60 global corporate leaders who are WEF members.

This is one of eight national dialogue activities held within the framework of the 54th Annual Meeting of the World Economic Forum (WEF Davos 2024), aiming to introduce Vietnam's socio-economic development strategy, priority areas for attracting investment and specific policies that the Government will implement in the coming time to create an attractive environment for investors.

At the Dialogue, partners were interested in learning about Vietnam's policies in emerging areas such as green transformation, renewable energy development, rare earth mining, semiconductor industry development, carbon credit market, and implementation of Power Plan VIII...

Prime Minister Pham Minh Chinh affirmed that Vietnam is promoting transformation, including economic transformation, renewing old growth drivers and promoting new ones. (Source: VNA)

Speaking at the Dialogue, Prime Minister Pham Minh Chinh highly appreciated the theme of the Strategic Dialogue in the context of the world experiencing many difficulties and challenges; thanked the presence of partners at the dialogue, thereby strengthening trust, inspiring and creating motivation for deeper and more effective cooperation with Vietnam.

The Head of the Vietnamese Government affirmed that transforming, searching for and creating new growth drivers is an objective and inevitable trend in today's world; no country or economy can develop quickly and sustainably if it still maintains the old mindset, relying only on traditional growth drivers.

The Prime Minister emphasized that to promote transformation, creation, and opening up new growth drivers, Vietnam will focus on four main groups of solutions: reviewing and perfecting institutions and laws with the spirit of creating the most favorable conditions for businesses and investors; developing infrastructure, focusing on developing strategic infrastructure, especially transport infrastructure, digital infrastructure, and infrastructure to respond to climate change; developing human resources, focusing on developing high-quality human resources; restructuring the economy associated with growth model innovation, prioritizing the development of renewable energy industries, green transformation, digital transformation, semiconductor industry, and promoting innovation.

Prime Minister Pham Minh Chinh affirmed that Vietnam is promoting transformation, including economic transformation, renewing old growth drivers (investment, export, consumption) and promoting new growth drivers; digital transformation, green transformation, developing circular economy, sharing economy, knowledge economy; transformation of mechanisms and policies, building strategic infrastructure for transformation; transformation of human resources.

Along with that, Vietnam persistently pursues an independent, self-reliant, diversified, multilateral foreign policy; is a good friend, a reliable partner, and a responsible member of the international community; persistently pursues the "four no's" defense policy; firmly protects independence, sovereignty, unity, and territorial integrity; ensures political stability, social order and safety; maintains a peaceful and stable environment for development; builds an independent and self-reliant economy associated with proactive, active, deep, substantive, and effective international integration; and constantly improves internal strength and resilience.

Sharing with WEF and businesses about Vietnam's advantages, Prime Minister Pham Minh Chinh suggested that WEF and its members continue to cooperate with Vietnam; called on investors to join Vietnam in increasing investment in priority areas such as innovation, high technology, including semiconductor technology and artificial intelligence; affirmed that Vietnam always accompanies and cooperates with investors in the spirit of mutual win-win, mutual benefit, harmonious benefits, and shared risks.

Prime Minister Pham Minh Chinh emphasized that to promote transformation, creation, and opening up new growth drivers, Vietnam will focus on four main groups of solutions. (Source: VNA)

Agreeing with the comments of Prime Minister Pham Minh Chinh, WEF leaders and business representatives highly appreciated Vietnam's achievements in recovery, development, economic and trade growth, as well as its determination to transform and economic prospects. They assessed Vietnam as one of the bright spots in economic recovery in the region, playing a pioneering role in transforming the growth model and committing to energy transition.

WEF commented that Vietnam is one of the countries that the business community is most interested in at this Conference. The theme of the National Dialogue was chosen with the belief that Vietnam will continue to maintain positive growth in a more sustainable direction, contributing and playing an increasingly important role in the global economy.

Many businesses affirmed their satisfaction with investment projects in Vietnam; expressed their impression that the Vietnamese Government has drastic policies and measures to create an attractive investment environment, as well as always paying great attention and support to the business community.

The business community believes that Vietnam is one of the most suitable choices, an investment destination and a long-term cooperation opportunity; wishes to continue supporting and accompanying Vietnam in the development and transformation process; requests that Vietnam continue to share issues that need support and continue to maintain stable, long-term policies.

(according to VNA)

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