The Prime Minister affirmed that Vietnam wants the business and investor community to promote their role as pioneers leading development in the spirit of "Investing today, shaping tomorrow."
On October 30, in Riyadh, Saudi Arabia, Prime Minister Pham Minh Chinh delivered a speech at the 8th Future Investment Initiative Conference.
We would like to introduce the full text of Prime Minister Pham Minh Chinh's speech:
"Dear Leaders of countries, international organizations and business community!
I am delighted to join you at the 8th Future Investment Initiative (FII 8) Conference - dubbed the “Davos in the desert.”
I highly appreciate the theme “Infinite Horizons: Investing Today, Shaping Tomorrow.” This is a good opportunity for us to exchange, share, and propose investment cooperation initiatives, overcoming all limits to move towards a sustainable and prosperous future.
Dear leaders and ladies!
Today's world tends to polarize political order; diversify product markets; green production and business; digitize all human and social activities; affecting every country, region, field, and every citizen.
That context requires all of us, all relevant subjects, to join hands to solve it with a comprehensive, all-people, all-inclusive and global approach.
We are all well aware of the need to invest effectively, responsibly, and with a future orientation, for the sustainable, inclusive, comprehensive, and prosperous development of nations and peoples, for a happier and better life for all people. In particular, it is especially important not to politicize development investment; everywhere, 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 nation, people, and each subject to rise together, towards "Endless Horizons."
Dear leaders and ladies!
In the context of many difficulties from both inside and outside, from a poor, backward agricultural country, severely devastated by 40 years of war, and besieged and embargoed for 30 years, Vietnam has made tireless efforts, resolutely, persistently, and steadfastly implemented 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 group of 20 leading economies in terms of trade, having signed 17 free trade agreements, opening markets with over 60 countries and territories.
To date, Vietnam has diplomatic relations with 194 countries, including Comprehensive Strategic Partnerships with eight countries, Strategic Partnerships with 10 countries, and Comprehensive Partnerships with 14 countries; and is an active and responsible member of more than 70 regional and international organizations.
At this Conference, Vietnam hopes that partners, the business community, and investors will promote their role as pioneers in leading and orienting development in the spirit of "Investing today, orienting tomorrow;" especially needing to accompany, support, help, and promote cooperation and investment in developing countries and poor countries, "leaving no one behind" in a better world.
Dear leaders and ladies!
Despite the geographical distance, Vietnam and the Middle Eastern countries in general and Saudi Arabia in particular have long had a tradition of good friendship. In particular, in recent years, Middle Eastern countries have placed Vietnam in a priority position in their “Eastern policy”.
This is an important foundation for both sides to exploit each other's potential and strengths, complement each other, and bring the relationship to a new level, more comprehensive, deeper, more effective, and more sustainable in terms of politics, economy, and investment.
Recently, Vietnam and Saudi Arabia jointly organized many activities to celebrate the 25th anniversary of establishing diplomatic relations (October 21, 1999).
Our two countries have many similarities and strengths that can support and complement each other; especially both sides value time and intelligence, promote the development of science and technology, innovation, digital transformation, green transformation, circular economy, and climate change response...
With a favorable geographical location, the two sides need to coordinate closely and together become a bridge to promote cooperation between ASEAN and the Middle East.
Dear leaders and ladies!
Vietnam hopes that partners, business communities, investors from Saudi Arabia, the Middle East and the world will continue to further promote investment and business activities in Vietnam and with Vietnamese partners, especially in areas where you have strengths and Vietnam has needs such as: Digital transformation, Artificial Intelligence, cloud computing, Internet of Things, renewable energy, smart cities, smart infrastructure, smart governance, etc.
Vietnam has always maintained a consistent policy of attracting all resources from within and outside, especially public-private partnership, creating favorable conditions and ensuring the legitimate rights and interests of investors.
Vietnam always promotes strategic institutional breakthroughs, creates a favorable legal environment, a transparent and highly competitive investment and business environment in the region and globally; constantly cuts and simplifies administrative procedures, prioritizes emerging industries and fields, and removes difficulties for investment and business.
Vietnam is focusing on investing in developing a synchronous and modern strategic infrastructure system, especially transportation and logistics infrastructure to reduce costs and time, increase product competitiveness, and medical and educational infrastructure to ensure investor welfare.
Vietnam always pays great attention to training human resources, especially high-quality human resources, associated with scientific and technological development and innovation to contribute to increasing labor productivity and improving investment efficiency.
At the same time, Vietnam invests in consolidating and enhancing its national defense and security potential, maintaining socio-political stability, firmly protecting independence and sovereignty, creating a solid foundation to ensure security, safety and preserve a peaceful, stable, long-term, and favorable environment for businesses and investors.
Dear leaders and ladies!
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.”
We hope and believe that businesses and investors in Saudi Arabia, Vietnam in particular, the Middle East and the world in general, will join together, promote the spirit of “tomorrow starts today”, strengthen investment cooperation with each other, and together move towards “Endless Horizons”, for a safe, sustainable and prosperous world.
Wish the conference a great success!
Wishing you all health, happiness and success!
Thank you very much!"
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