Vietnam calls on UNCTAD to continue supporting developing countries

The Global Leadership Forum on the occasion of the 60th anniversary of the United Nations Conference on Trade and Development (UNCTAD) took place at the UN headquarters in Geneva, Switzerland from June 12 to 13, local time.

The Vietnamese delegation led by Deputy Foreign Minister Nguyen Minh Hang attended the forum.

Attending the forum, Deputy Minister Nguyen Minh Hang spoke at two discussion sessions on Promoting sustainable investment flows and improving the efficiency of global supply chains and Preparing for the future economy - Urgent options and actions.

Thứ trưởng Bộ Ngoại giao Nguyễn Minh Hằng đã phát biểu tại diễn đàn. Ảnh: BNG — Deputy Minister of Foreign Affairs Nguyen Minh Hang spoke at the forum. Photo: BNG

In her speech, Deputy Minister Nguyen Minh Hang highly appreciated the achievements and contributions of UNCTAD over the past 60 years in its role as a representative of developing countries and a promoter of global trade and investment. Sharing her assessment of the opportunities and challenges for global economic growth, trade, investment and sustainable development, Deputy Minister Nguyen Minh Hang emphasized five challenges: The adaptability of developing countries cannot keep up with the rapid and profound changes in the world; the development, technology and investment gap between countries is still large; financial, human and natural resources are still limited; climate change and environmental challenges are evolving in a complex manner; geopolitical tensions, fragmentation and increasing competition.

In that context, Deputy Minister Nguyen Minh Hang proposed five orientations for UNCTAD to continue to promote its role and support developing countries in the coming time. First, continue to take the lead in promoting multilateralism and strengthening global cooperation actions. Second, develop an open trade and investment system that benefits all countries and stakeholders. Third, UNCTAD supports enhancing the voice of developing countries in the process of policy making, global regulations and standards, especially in new areas such as green growth, digital transformation, innovation, etc. Fourth, support developing countries to increase resilience to external shocks and multiple crises. Fifth, strengthen the connection of UNCTAD's activities with global agendas.

Deputy Minister Nguyen Minh Hang also shared Vietnam's economic development achievements, development policies and orientations, investment policies, and international integration. Deputy Foreign Minister Nguyen Minh Hang thanked UNCTAD for its support to Vietnam in the past and asked UNCTAD to continue accompanying Vietnam on its development journey. Deputy Minister Nguyen Minh Hang affirmed Vietnam's commitment to supporting UNCTAD's cooperation goals and orientations.

On the occasion of attending the event, Deputy Minister Nguyen Minh Hang had a meeting with UNCTAD Secretary General Rebeca Grynspan, Director General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala, Executive Director of the World Economic Forum (WEF) Mirek Dusek, and Senior Minister in charge of special issues of Cambodia Sok Siphana.

According to People's Army Newspaper

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