Foreign Minister Bui Thanh Son made three important proposals.

At the invitation of the Secretary General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann and the Foreign Secretary of the United Kingdom James Cleverly, from June 7-8, in Paris, France, Foreign Minister Bui Thanh Son attended the 2023 OECD Ministerial Council Meeting.

Hội nghị Hội đồng Bộ trưởng OECD: Bộ trưởng Ngoại giao Bùi Thanh Sơn đưa ra ba đề xuất quan trọng

Foreign Minister Bui Thanh Son attends the 2023 OECD Ministerial Council Meeting.

With the theme “Ensuring a Resilient Future: Shared Values and Global Partnerships”, this is the most important OECD Conference in 2023 with the participation of Ministers of OECD member countries and guest countries, leaders of the European Commission (EC) and many international organizations, representatives of the OECD Business Network...

Foreign Minister Bui Thanh Son attended the Conference in his capacity as Co-Chair of the OECD Southeast Asia Programme (SEARP).

At the Conference, announcing the Global Economic Prospects Report, OECD assessed that global GDP in 2023 will reach 2.7%, an increase of 0.1% compared to the forecast in March 2023, while global GDP in 2024 will remain at 2.9%. The global economy is entering a more stable phase, but positive signals are still very fragile and risks continue to exist. OECD assessed that Asia is the driving force for growth and a bright spot of the global economy in 2023 and 2024.

Based on the OECD forecast, the Ministers discussed measures to create new drivers for global economic growth, trade and investment, diversify and strengthen supply chains, accelerate the clean energy transition, and develop global regulations related to new technologies.

OECD countries affirmed their importance to the role of the Indo-Pacific region, in which Southeast Asia is one of the OECD's top priorities. The meeting agreed to strengthen coordination and support Southeast Asian countries to maintain positive economic growth momentum and increasingly approach OECD standards and regulations.

Minister of Foreign Affairs Bui Thanh Son attended and spoke at the thematic discussion session on "Inclusive and Sustainable Growth".

Speaking at the Conference, Minister Bui Thanh Son emphasized that growth can only be sustainable and inclusive with a global, comprehensive approach that puts people at the center; countries need to continue to create new growth drivers, promote the application of technology, and innovate towards a greener, cleaner, and smarter ecosystem; this process needs to be implemented synchronously and smoothly from policy institutions to apparatus institutions, from infrastructure to technology, from financial investment to human resource training, ensuring that no one or country is left behind.

On that basis, Minister Bui Thanh Son made three important proposals.

Firstly, OECD and countries need to strengthen policy coordination, limit barriers, protect trade and investment, build a smooth global trading system, operate on the basis of rules, freedom, fairness, transparency and inclusiveness with the WTO at the center.

Second, OECD, in its role as policy advisor, establishes global standards, continues to strengthen engagement and dialogue with developing countries, taking into account the conditions and perspectives of non-OECD countries in the process of formulating global policies and standards.

Third, the OECD continues to support developing countries in enhancing their competitiveness, positioning themselves in the global value chain, and effectively adapting to global policy adjustments, including global minimum taxes and cross-border carbon taxes; helping to narrow digital and technological gaps, train skills, and promote the potential of female workers and small and medium-sized enterprises.

Delegates take souvenir photos.

Minister Bui Thanh Son also emphasized that, as Co-Chair of the Southeast Asia Programme, Vietnam will continue to make active and responsible contributions to efforts to address regional and global challenges. To further promote cooperation between Southeast Asian countries and the OECD, Vietnam will host the second OECD-Southeast Asia Ministerial Forum in October 2023. Vietnam's initiative was welcomed and highly appreciated by the Conference.

Within the framework of the Conference, the Vietnamese delegation also attended many other important activities, including the OECD Global Technology Forum, the Workshop on Global Tax Policy Developments, focusing on discussing the implementation of the Global Minimum Tax within the framework of the two pillars of the Multilateral Agreement on the Implementation of Measures Related to the Tax Agreement on Base Erosion and Profit Shifting (BEPS MLI).

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