In his opening speech, Chinese Premier Li Qiang affirmed that China will promote the Chinese economy towards high-quality, stable and sustainable development in the long term; committed to continuing to expand the market, strengthen cooperation and create opportunities for the recovery of the world economy as well as opportunities for investors.

The world should “cherish openness and cooperation after experiencing setbacks in economic globalization,” the Chinese premier said, adding that “sincere and effective” exchanges are needed to enhance understanding and reduce conflicts. He also said cooperation is needed to address global challenges including public health governance, climate change, rising debt and slow growth.

Prime Minister Pham Minh Chinh speaks at the plenary session.

The first discussion session of the WEF Tianjin Conference took place under the chairmanship of WEF President Borge Brende, with the participation of more than 300 delegates who are leaders of countries, international organizations and representatives of large corporations and enterprises in the world. Joining the discussion with Prime Minister Pham Minh Chinh were New Zealand Prime Minister Chris Hipkins, Barbados Prime Minister Mia Mottley, Director General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala and Chairman of the State-owned Assets Supervision and Administration Commission of China Zhang Yuzhuo.

Speaking at the conference, Prime Minister Pham Minh Chinh highly appreciated the WEF for choosing Tianjin, China as the venue for the conference, demonstrating China's important role in the global economy and the strong development of the Chinese economy in difficult conditions.

The Prime Minister emphasized six “headwinds” that are hindering the growth of the world economy and Vietnam. These are: (i) global economic downturn, rising inflation, etc.; people's lives are facing many difficulties; (ii) the consequences of the Covid-19 pandemic on the world economy and other countries are still long-lasting; (iii) geostrategic competition, protectionism, separation, fragmentation, and lack of close connectivity; (iv) conflicts, including the conflict in Ukraine, threaten global food and energy security; (v) developing countries are most severely affected and have limited ability to adapt and withstand external shocks; (vi) climate change, natural disasters, and epidemics are increasingly complex and unpredictable.

Prime Minister Pham Minh Chinh speaks at the plenary session.

To cope with the “headwinds”, Prime Minister Pham Minh Chinh has proposed an approach and 6 important orientations. Regarding the approach, the Prime Minister believes that these are global issues that affect people, so a global, all-people approach is needed.

Regarding the orientations, the Prime Minister emphasized that first, it is necessary to strengthen international solidarity, promote multilateralism; put people as the subject, the center, the resource, and the driving force for development. Second, it is necessary to focus on restoring production and business, creating jobs, promoting trade and investment, creating capital flows, markets, and products.

Accordingly, international organizations, international financial institutions, and major countries need to have policies to unlock resources, activate new growth drivers for digital transformation, green growth, circular economy, market diversification, and fight protectionism, especially prioritizing poor and developing countries. Third, have appropriate solutions to promote aggregate supply and aggregate demand through monetary and fiscal policies, promote trade and investment liberalization, and reduce energy and food prices. Fourth, do not politicize economic relations, and minimize factors that hinder global development. Fifth, promptly find solutions to resolve conflicts. Sixth, strengthen public-private cooperation, creating favorable conditions for businesses, especially small and medium-sized enterprises.

Prime Minister Pham Minh Chinh shared Vietnam's experiences and lessons in the process of fighting the pandemic and recovering and promoting economic growth. The Prime Minister affirmed that Vietnam will continue to focus on implementing three strategic breakthroughs in infrastructure - institutions - human resources; Vietnam's consistent viewpoint is not to sacrifice fairness, social security, and environmental protection to pursue pure growth. Prime Minister Pham Minh Chinh pledged that Vietnam will continue to create the most favorable conditions for international and domestic enterprises, and continue to improve the investment and business environment. The Prime Minister asked countries and international organizations, including the WEF and its members, to continue to cooperate and support Vietnam in terms of technology, finance, human resource training and modern management experience, helping Vietnam continue to achieve its socio-economic development goals as set.

Sharing the comments and directions given by Prime Minister Pham Minh Chinh, WEF President Borge Brende congratulated and said that the international community knows Vietnam as one of the countries with high economic growth in the region, developing very dynamically and converging many potentials to increasingly contribute to regional and global economic growth.

The WEF Tianjin Conference is the most important and second largest event of the WEF after the Annual Conference in Davos. This year's conference attracted the participation of more than 1,400 delegates, including Prime Ministers/Ministers of 21 countries, and leaders from 850 corporations, agencies and global organizations. Vietnam is one of 5 countries selected to attend at the Prime Minister level, along with the Prime Ministers of China, New Zealand, Mongolia and Barbados.

At the discussion session, leaders of governments, international organizations and representatives of corporations and businesses around the world assessed the global economic situation and solutions to effectively exploit opportunities to restart growth. Speakers emphasized strengthening connectivity, avoiding fragmentation, separation and disintegration among countries, limiting protectionism and looking inward. Speakers also affirmed that countries need to increase the mobilization of diverse capital sources for green development and responding to climate change.

 

Prime Minister Pham Minh Chinh meets Prime Minister of New Zealand

On the occasion of attending the World Economic Forum (WEF) in Tianjin, China, on June 27, Prime Minister Pham Minh Chinh had a bilateral meeting with New Zealand Prime Minister Chris Hipkins.

Prime Minister Pham Minh Chinh affirmed that Vietnam attaches importance to and wishes to promote the strategic partnership with New Zealand. Prime Minister Pham Minh Chinh conveyed the greetings of the Vietnamese high-ranking leaders to New Zealand Governor-General Dame Cindy Kiro; at the same time, he affirmed that the Vietnamese Government will create conditions and encourage New Zealand businesses to invest in Vietnam in areas where New Zealand has strengths and Vietnam has great demand such as education - training, processing and manufacturing technology, agriculture, forestry, fisheries, and construction; and requested New Zealand to support and create favorable conditions for Vietnamese businesses to invest in New Zealand.

Prime Minister Pham Minh Chinh meets with New Zealand Prime Minister Chris Hipkins.

New Zealand Prime Minister Chris Hipkins congratulated Vietnam on its achievements in socio-economic recovery and development; and expressed his agreement with Prime Minister Pham Minh Chinh’s ideas and proposals, especially promoting bilateral cooperation with economic and trade as the focus, as well as enhancing coordination between the two sides at multilateral forums.

The New Zealand Prime Minister emphasized his support for strengthening the central role of the Association of Southeast Asian Nations (ASEAN) in regional issues. The two leaders emphasized the importance of maintaining and promoting peace, security, stability, safety, freedom of navigation and aviation in the East Sea, promoting dialogue, enhancing trust, and resolving disputes by peaceful means in accordance with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

Prime Minister Pham Minh Chinh meets with Prime Minister of Barbados

On the occasion of attending the World Economic Forum (WEF) in Tianjin, China, on June 27, Prime Minister Pham Minh Chinh had a bilateral meeting with Barbados Prime Minister Mia Mottley.

The two Prime Ministers agreed to promote delegation exchanges at all levels, especially high-level ones, to enhance mutual understanding and develop solidarity and friendship between the people of the two countries.

Prime Minister Pham Minh Chinh met bilaterally with Barbados Prime Minister Mia Mottley.

To promote the development of bilateral relations, Prime Minister Pham Minh Chinh suggested that the two sides coordinate to promote bilateral cooperation, in which priority is given to signing cooperation documents to create a legal corridor, to further promote economic, trade and investment cooperation, first of all promoting the signing of a visa exemption agreement for diplomatic and official passport holders. Prime Minister Pham Minh Chinh also emphasized that Barbados is an important country in the Caribbean region, hoping that through Barbados, Vietnam will further strengthen relations with the region.

Prime Minister Mia Mottley highly appreciated Vietnam's socio-economic development achievements, especially Vietnam's early overcoming of the Covid-19 pandemic and strong recovery; hoped that the two sides would continue to create conditions and frameworks for enhancing cooperation in trade, investment, tourism, etc.; maintain close cooperation in bilateral relations and support each other at international organizations and multilateral forums, especially at the United Nations; Barbados is ready to act as a bridge for Vietnam to strengthen relations with Caribbean countries.

Prime Minister Pham Minh Chinh meets with Mongolian Prime Minister

On the occasion of attending the World Economic Forum (WEF) in Tianjin, China, on June 27, Prime Minister Pham Minh Chinh had a bilateral meeting with Mongolian Prime Minister Oyun-Erdene Luvsannamsrai.

The two leaders expressed their delight at seeing that after nearly 70 years of establishing diplomatic relations, the traditional friendship between Vietnam and Mongolia has continuously strengthened and developed.

Prime Minister Pham Minh Chinh conveyed the greetings of the Vietnamese high-ranking leaders to the Mongolian Prime Minister; affirmed that Vietnam consistently attaches importance to and wishes to continue consolidating and strengthening the good traditional friendship between the two countries; suggested that the two sides promote delegation exchanges at both central and local levels, thereby enhancing mutual understanding and trust; and implement measures to create more favorable conditions for exchanges and mutual interactions between the two peoples. In the context of fluctuations in the world and the region, strengthening the Vietnam-Mongolia relationship is of great significance to the people of the two countries. Vietnam welcomes and is ready to be a bridge to support Mongolia in expanding and strengthening relations with the Association of Southeast Asian Nations (ASEAN) for peace and prosperity in the region and the world.

Prime Minister Pham Minh Chinh met with Mongolian Prime Minister Oyun-Erdene Luvsannamsrai.

Prime Minister Oyun-Erdene Luvsannamsrai expressed his pleasure to meet Prime Minister Pham Minh Chinh and respectfully invited the Prime Minister to visit Mongolia; affirmed that Mongolia is proud to be a friend of Vietnam - a brave and highly independent nation, a country with increasingly growing international position and prestige in the region and the world and one of the important economic locomotives of Asia. The people of the two countries have a deep understanding of each other on the basis of the long-standing traditional friendship nurtured by many generations of leaders of the two countries. Prime Minister Luvsannamsrai suggested that both sides should promote the role of the Mongolia - Vietnam Intergovernmental Committee and cooperation mechanisms between the two sides; emphasized that Mongolia wishes to further expand and enhance cooperation with Vietnam, especially in the fields of: Transportation, railways, aviation, people-to-people exchange, tourism, etc.

The two Prime Ministers discussed a number of international and regional issues of mutual concern, including the role of multilateralism and compliance with international law.

* Also on the morning of June 27, within the framework of the WEF Tianjin Conference, the Prime Minister attended and spoke at the closed session with the theme "Preventing a lost decade". The session focused on discussing promoting cooperation between the State and enterprises in trade and investment in green and innovative fields to transition to a sustainable growth model, preventing a long-term growth decline.

News and photos: VNA