Deputy Prime Minister Le Minh Khai attends the Vietnam Executive Leadership Program (VELP) 2024 at Harvard Kennedy School, the United States. Photo: VGP/Tran Manh
As reported, from March 30 to April 8, 2024, Deputy Prime Minister Le Minh Khai will lead the Vietnamese delegation to attend the Vietnam Senior Leadership Program (VELP) 2024 and work in the United States.
The delegation included Mr. Nguyen Hoang Anh, Chairman of the State Capital Management Committee; leaders of the Ministry of Public Security, Government Office, Ministry of Foreign Affairs, Ministry of Planning and Investment, Ministry of Industry and Trade, Ministry of Finance, Ministry of Science and Technology, Ministry of Information and Communications, State Bank, leaders of Ha Nam Provincial People's Committee, Ho Chi Minh City People's Committee.
On the morning of April 1 (local time), at Harvard Kennedy University, Deputy Prime Minister Le Minh Khai and the delegation listened to Professor Thomas Vallely, Director of the Vietnam Program at Harvard University, representing Harvard Kennedy University, introduce the topic "Global economy and Vietnam's economic growth prospects", with discussion sessions: "Crisis and global economic growth prospects to 2030, impact on emerging economies" - Speaker is Professor of Economics Jason Furman, Harvard Kennedy School, Former Chairman of President Barack Obama's Council of Economic Advisers; "Recent economic developments in Asia and impact on the global economy and Vietnam" - speaker is Professor of International Relations Anthony Saich, Harvard Kennedy School.
In the afternoon, Deputy Prime Minister Le Minh Khai and the delegation attended the discussion sessions "Artificial Intelligence Revolution - Opportunities and Challenges for Vietnam" - Speaker Dr. Le Viet Quoc, Google Deepmand; "Semiconductor War: The Race for the World's Most Important Technology" - Speaker Dr. Chris Miller, Tufts University.
During the discussion sessions, Professor Thomas Vallely, Director of the Vietnam Program at Harvard Kennedy University, affirmed that "Vietnam has succeeded thanks to its openness". "Vietnam has had very good development, but at the same time, it also needs to improve its policies for the next period".
Professor Jason Furman said he had visited Vietnam twice and was impressed by the success of the Vietnamese economy. According to him, Vietnam is one of the most successful economies in the world in the past two decades. Professor Jason Furman also assessed that "Vietnam controls inflation very well" and congratulated Vietnam on this.
Assessing the global economic outlook and advice for Vietnam, Professor Jason Furman said that Vietnam has taken advantage of opportunities very well and "benefited a lot" from globalization. US consumers are also "happier when buying goods from Vietnam".
Emphasizing that "I am very optimistic about Vietnam's economic growth", Professor Jason Furman said that the fact that Vietnam is implementing many solutions to develop artificial intelligence is a very important issue. Professor Jason also made recommendations: Vietnam should invest in emerging technologies and areas with spillover effects, implement solutions to develop the private economic sector, etc.
Professor of International Relations Anthony Saich affirmed that Vietnam is very good at balancing relations between major countries; he said that "Vietnam's perseverance is unmatched by any other country", and also pointed out challenges and suggested solutions for Vietnam in the context of complex world developments and major countries adjusting their foreign policies.
In his presentation, Dr. Le Viet Quoc said: According to statistics, AI can contribute up to 25.6 trillion USD to the world economy (McKinsey, 2023). In 2023, the global AI market size reached nearly 208 billion USD. It is expected that by 2030, the market size will reach nearly 2,000 billion USD (Statista, 2023).
Dr. Le Viet Quoc affirmed that we are in the middle of an AI boom; AI science and models are popularizing very quickly. Expressing "optimism about Vietnam's AI", Dr. Le Viet Quoc said: Vietnam has many opportunities in AI applications, cloud computing and chip design; sharing his views on human resource development and AI ecosystem in Vietnam.
Presenting the article "Semiconductor War: The Race for the World's Most Important Technology", Dr. Chris Miller, author of the book "Semiconductor War", said: Advances in AI always depend on exponential growth in computing power. That is why many governments are aiming to promote computing power growth as a national goal. Analyzing in depth the semiconductor technology and the relationship between semiconductors, chips, AI, Dr. Chris Miller suggested opportunities and recommended policies for Vietnam to participate in this value chain.
Speaking at the program, Deputy Prime Minister Le Minh Khai thanked Professor Jason Furman and Professor Anthony Saich for their comprehensive and profound presentations, opening up a panoramic picture and prospects of the world economy, the current situation and development directions of major economies and the multi-dimensional impacts on Vietnam.
The professors also analyzed in depth the issues of interest rates, inflation, monetary policy; non-traditional security challenges, geopolitics, etc. and suggested solutions for Vietnam to have appropriate response policies.
Deputy Prime Minister Le Minh Khai thanked Dr. Le Viet Quoc and congratulated a Vietnamese son who has risen to become a leading expert at Google, making many important contributions not only to Google but also to the world. Thanking Dr. Le Viet Quoc for his dedication and valuable recommendations for Vietnam, Deputy Prime Minister Le Minh Khai requested the Ministry of Science and Technology and the Ministry of Information and Communications to absorb and study and report to the Government solutions to develop this field.
Deputy Prime Minister Le Minh Khai also hopes that Dr. Le Viet Quoc, the Vietnamese community abroad, especially scientists in this field, will continue to have valuable recommendations so that Vietnam can take advantage of opportunities from AI for the country's development.
The Deputy Prime Minister thanked the professors of Harvard University for presenting to the delegation important topics of interest to the whole world, such as AI and semiconductor chips, helping the delegation have more useful information for research and future orientations.
In the context of Vietnam's economy in transition, with high openness and limited resilience, Deputy Prime Minister Le Minh Khai expressed his wish to continue receiving consultation and recommendations from scientists of the VELP program and Harvard Kennedy University in the process of building and implementing socio-economic development policies.
On the same day, Deputy Prime Minister Le Minh Khai met with President of Harvard University Kennedy Douf Elmendor.
* According to the program, on April 2, Deputy Prime Minister Le Minh Khai and the delegation will attend a discussion on the topic "Promoting Vietnam's digital transformation and growth based on breakthrough technologies", with the following discussion sessions: "Technology - challenges to global security and response solutions" - Speaker: Ms. Anne Neuberger, Deputy National Security Advisor for Cyber Security and Emerging Technologies; "Cloud computing and policy implications for Vietnam" - Speaker: Ms. Alla Seiffert, representative of Amazon Web Services; "Maximum advantage in Vietnam's digital environment: Hardware or software" - Speaker: Dr. Le Quan, Fulbright University; "Prospects for promoting economic growth and transformation by 2024" - Speaker: Mr. Nguyen Xuan Thanh, Senior Lecturer, Fulbright University.
On April 3, Deputy Prime Minister Le Minh Khai and his delegation discussed the topic "Narrow Corridors and the Middle Income Trap" with the following sessions: "Growth Drivers in Vietnam - a Middle Income Country: Exports, Investment, Technology and Urbanization" - Speaker: Professor David Dapice, Chief Economist, Vietnam Program, Harvard Kennedy School - Professor Emeritus at Turfs University; "Innovating the Growth Model to Escape the Middle Income Trap" - Speaker: Dr. Vu Thanh Tu Anh, Director of the School of Public Policy, Fulbright University.
Source: baochinhphu
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