Preparing to build the Industrial Revolution 4.0 Center in Ho Chi Minh City

(Dan Tri) - The World Economic Forum (WEF) is coordinating with the Ho Chi Minh City People's Committee to prepare to build the Industrial Revolution 4.0 Center. This center will be part of the WEF's global network.

This information was provided by the Executive Chairman of the World Economic Forum (WEF) Borge Brende during a meeting with Prime Minister Pham Minh Chinh in Dubai, UAE, on the evening of December 2, local time. The WEF Executive Chairman congratulated Vietnam on its positive economic achievements in the context of slow global economic growth and a slight economic recession in some major powers. A survey of the WEF business network showed that Vietnam is one of the three most interested countries (along with India and Mexico).

Prime Minister Pham Minh Chinh received Executive Chairman of the World Economic Forum (WEF) Borge Brende (Photo: Doan Bac).

Mr. Borge Brende also said that WEF is coordinating with the Ho Chi Minh City People's Committee to prepare for the construction of the Fourth Industrial Revolution Center here. This center will be part of the WEF's global network. Based on the results of the implementation of the "Vietnam National Action Partnership Program on Plastic Waste" between WEF and the Ministry of Natural Resources and Environment, the two sides are discussing and promoting public-private cooperation activities, science and technology and experience sharing. In addition, the two sides are continuing to cooperate to address the issue of plastic waste; develop policies and programs to support Vietnam in implementing its commitments at COP26, and develop and apply circular economic models. Affirming that WEF pays much attention to Vietnam, Mr. Borge Brende said that WEF is looking forward to Prime Minister Pham Minh Chinh attending the WEF Davos Annual Meeting 2024, where Vietnam's potential is of great interest to international investors and WEF can organize a national strategic dialogue on Vietnam. Prime Minister Pham Minh Chinh said that after WEF Tianjin (June 2023), Vietnamese agencies have studied and accepted WEF's advice, contributing to maintaining macroeconomic stability, controlling inflation, promoting growth, ensuring major balances; exchange rates and interest rates are kept stable; the whole year is expected to achieve a trade surplus of 25 billion USD... The Prime Minister asked WEF to continue to accompany and support Vietnam on the upcoming development path. Appreciating the theme that WEF has chosen for the upcoming WEF Davos 2024 conference, the Prime Minister said that Vietnam will consider and soon respond to the invitation to attend.

CEO of HSBC Group (UK) Noel Paul Quinn and Prime Minister Pham Minh Chinh during a meeting in Dubai, UAE (Photo: Doan Bac).

Earlier, receiving the CEO of HSBC Group (UK) Noel Paul Quinn in the afternoon of the same day, Prime Minister Pham Minh Chinh highly appreciated HSBC's promotion of investment in Vietnam and participation in the Government's programs to promote economic development. HSBC is one of the largest banks in the world, with nearly 220,000 employees in 64 countries, serving more than 40 million customers worldwide. Recently, HSBC has played an important role in the Working Group to support capital mobilization for the Just Energy Transition Partnership (JETP) with Vietnam. The Prime Minister asked HSBC to continue arranging and disbursing capital for sustainable development and green transformation in Vietnam at the most preferential interest rates possible, especially in agricultural economic development (the program of 1 million hectares of high-quality, low-emission rice), digital transformation, strategic infrastructure construction, etc.; promoting FDI capital flows into Vietnam, etc. Hoai Thu (From Dubai, UAE)

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