The Prime Minister said that at this conference, Vietnam hopes that partners, the business community and investors will promote their pioneering role in leading and orienting future development.
According to a special correspondent of Vietnam News Agency, from October 29-31, the 8th Future Investment Initiative (FII) Conference took place in Riyadh, the capital of Saudi Arabia, with the theme "Endless Horizons: Investing Today, Shaping the Future."
The conference was initiated by the Saudi Arabia Future Investment Initiative Institute, a non-profit organization established by the Public Investment Fund of Saudi Arabia.
The FII Conference was first held in October 2017 with the aim of bringing together policy makers, investors, entrepreneurs and young leaders to discuss international investment and the global economy.
The event, also known as “Davos in the Desert,” attracted about 6,000 participants from nearly 100 countries around the world, including leaders of the world's leading countries, businesses, corporations, and international organizations.
This year, the FII 8 Conference is held to continue to bring the world's pioneering leaders together and discuss the potential of investment to bring a prosperous and sustainable future for the whole world, especially investment in important areas for the future of humanity such as AI, renewable energy, green finance, etc.
Speaking at the Conference, Prime Minister Pham Minh Chinh highly appreciated the Conference's theme "Endless Horizon: Investing today, orienting for tomorrow" because this is a good opportunity to exchange, share, and propose investment cooperation initiatives, overcoming all limits to move towards a sustainable and prosperous future.
The Prime Minister acknowledged that today's world is tending towards polarization of political order; diversification of product markets; greening of production and business; digitalization of all human and social activities. This affects every country, region, field, and citizen. This reality requires all stakeholders to join hands to solve problems of a comprehensive, all-people, all-round, and global nature; and to invest effectively, responsibly, and with a vision for the future.
In particular, it is necessary not to politicize development investment; it is necessary to focus on encouraging all investments for development, especially investments in science and technology, innovation, improving the quality of human resources, digital transformation, green transformation, circular economy, and responding to climate change to effectively promote the potentials and strengths of each country, ethnic group, and each subject to rise together, towards "Endless Horizons."
Citing Vietnam's reality, the Prime Minister said that from a poor, backward agricultural country, severely devastated by 40 years of war and embargoed for 30 years, Vietnam has made tireless, determined, persistent, and steadfast efforts to implement the policy of innovation, opening up, integrating, and developing a socialist-oriented market economy, rising to be among the 34 largest economies in the world; the top 20 economies in terms of trade, having signed 17 free trade agreements, opening markets with over 60 countries and territories.
Therefore, with this conference, Vietnam hopes that partners, the business community and investors will promote their pioneering role in leading and orienting future development. In particular, it is necessary to accompany, support, help and promote cooperation and investment in developing and poor countries, "leaving no one behind."
Appreciating the good friendship between Vietnam and Saudi Arabia, the Prime Minister especially appreciated the “Look East” policy of the Middle Eastern countries. The two countries have many similarities and strengths that can support and complement each other, both valuing time and intelligence, and new fields.
Therefore, the Prime Minister hopes that partners, businesses and investors will continue to promote investment and business in Vietnam, especially in areas of demand: digital transformation, artificial intelligence, cloud computing, internet of things, renewable energy, smart cities, smart infrastructure, smart governance, etc.
The Prime Minister emphasized that Vietnam has always adhered to the policy of increasing the attraction of all resources from both inside and outside. Vietnam always promotes the implementation of strategic institutional breakthroughs, creating a favorable legal environment, a transparent investment and business environment, and high competitiveness in the region and globally. Vietnam is focusing on investing in developing a synchronous and modern strategic infrastructure system, especially transport and logistics infrastructure.
Vietnam always pays great attention to training human resources, especially high-quality human resources. At the same time, Vietnam invests in consolidating and enhancing its national defense and security potential, maintaining political and social stability, firmly protecting independence and sovereignty, creating a solid foundation to ensure security, safety and maintain a peaceful, stable, long-term, and favorable environment for businesses and investors.
Finally, the Prime Minister said that Saudi Arabia has a proverb: "One hand does not make a sound." Vietnam has Ho Chi Minh's ideology: "Unity, unity, great unity - Success, success, great success." Therefore, he expressed his wish and belief that businesses and investors in Saudi Arabia, Vietnam in particular, the Middle East and the world in general, will work together, promote the spirit of "tomorrow starts from today," strengthen investment cooperation with each other, and together move towards "Endless Horizons," for a world of safe, sustainable and prosperous development.
After his speech, the Prime Minister participated in a discussion session with Ms. Zanny Minton Beddoes, Editor-in-Chief of The Economist magazine.
Discussing Vietnam's positioning as a gateway to Southeast Asia for Middle Eastern countries; as well as Vietnam's strategy to embrace the wave of the 4th Industrial Revolution, implement the green transformation strategy and commit to Net Zero.
The Prime Minister said that Vietnam is determined to build an independent and self-reliant economy associated with active and proactive international integration, comprehensively, practically and effectively. In addition, Vietnam clearly identifies the importance of digital transformation and technology application to enhance the country's competitiveness and is synchronously implementing many solutions, including the issuance of the Strategy for the Development of the Industrial Revolution 4.0. This strategy is not only a set of goals, but also a clear roadmap to make Vietnam a pioneer in the field of technology in the region.
Finally, Prime Minister Pham Minh Chinh said that the resources to implement the energy transition in the next 10 years in Vietnam are enormous and asked the leaders attending the Conference to support Vietnam in accessing essential resources, strengthening investment cooperation with Vietnam and supporting Vietnam in continuing to perfect its institutions and policies to be able to implement its commitment to net zero emissions. Accordingly, the Prime Minister affirmed that in some areas such as electricity, transportation, and agriculture, Vietnam is ready to implement the energy transition as committed.
In response to the question about Vietnam's vision and choices for development, the Prime Minister affirmed that Vietnam will always adapt and harmonize the interests of all parties. Along with the interest of many investors and expectations of Vietnam, the Prime Minister also affirmed that strategic views, innovative thinking and appropriate vision to encourage investors will be the key for Vietnam and investors to "work together, win together."
At the end of the discussion, Ms. Zanny Minton Beddoes said that Vietnam will soon become an important position in the Eastward policy of Middle Eastern countries and believes that Vietnam will be successful, successful, and very successful./.
Source
Comment (0)