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| Prime Minister Pham Minh Chinh with businesses attending the Dialogue. (Source: VGP) |
On the morning of January 17 (local time), in Davos, Switzerland, within the framework of a working trip to attend the World Economic Forum (WEF) Davos 2024, Prime Minister Pham Minh Chinh chaired the discussion "Vietnam - ASEAN's leading destination for sustainable investment".
The seminar was co-organized by the Ministry of Planning and Investment, the Permanent Mission of Vietnam in Geneva, the Young Global Leaders Organization (YPO) and the VinaCapital Foundation.
The seminar was attended by Minister of Planning and Investment Nguyen Chi Dung, Minister of Foreign Affairs Bui Thanh Son, Minister of Industry and Trade Nguyen Hong Dien, Minister of Science and Technology Huynh Thanh Dat, Minister of Education and Training Nguyen Kim Son, Governor of the State Bank of Vietnam Nguyen Thi Hong, Chairman of the Ho Chi Minh City People's Committee Phan Van Mai; representatives of large enterprises in Vietnam and the world, and members of YPO.
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| Prime Minister Pham Minh Chinh held a discussion with businesses on the topic: Vietnam - ASEAN's leading destination for sustainable investment. (Source: VNA) |
At the seminar, Mr. Pascal Gerken, Honorary Chairman of YPO and delegates expressed their impression that in the context of many difficulties in the world, Vietnam still achieved impressive socio-economic development results in 2023, with gross domestic product (GDP) increasing by 5.05%, controlling inflation, and attracting high levels of foreign direct investment (FDI).
In 2023, Vietnam will be the only country to welcome both the President of the United States and the General Secretary and President of China. Vietnam will become one of the most attractive destinations not only in the region but also in the world and Vietnam will certainly play a more important role in the global supply chain.
Delegates were excited to learn about new investment opportunities in Vietnam; learn about regulations and policies related to import and export, investment attraction, infrastructure development, promoting innovation, developing artificial intelligence, sustainable energy conversion, monetary policy, exchange rate management, Vietnam's priorities in the current transition period...
Next, under the coordination of Dr. Philipp Rösler, former German Vice Chancellor, former WEF Executive Director, currently Honorary Consul of Vietnam in Switzerland, investors and YPO representatives spoke about the investment and business environment in Vietnam, had an open, sincere and frank dialogue, together found new opportunities and promoted investment cooperation activities, and shared about investment plans for the coming time.
Mr. Thomas Serva, CEO of Baracoda Group (France), said that Vietnam is one of the most attractive destinations, with abundant, high-quality human resources and good relations between Vietnam and France. This enterprise wishes to participate in building innovation centers and developing artificial intelligence in Vietnam.
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| Prime Minister Pham Minh Chinh speaks. (Source: VGP) |
After the speeches of leaders of ministries, branches and localities, Prime Minister Pham Minh Chinh thanked the delegates for their attention to Vietnam.
According to Prime Minister Pham Minh Chinh, with the theme “Rebuilding Trust”, this WEF Davos has attracted great attention from national and business leaders. The Prime Minister said that although there are many concerns and worries, with the frankness and sincerity in dialogue, it can be believed that after this WEF Conference, trust between countries and businesses, and between countries and businesses, will be consolidated and enhanced, including trust with Vietnam.
Prime Minister Pham Minh Chinh shared some fundamental factors for Vietnam to become a safe, healthy and sustainable investment destination; at the same time, he emphasized Vietnam's great and valuable lessons: Persistently following the path of national independence and socialism; the people are the ones who make history; promoting the strength of great national unity and international solidarity; combining national strength with the strength of the times, creatively applying Marxism-Leninism, Ho Chi Minh thought and cultural and historical traditions in accordance with the current conditions and circumstances of the country and the world context; promoting the leadership role of the Communist Party of Vietnam.
Regarding Vietnam's major orientations, Prime Minister Pham Minh Chinh said that Vietnam is building a socialist democracy, a socialist rule-of-law state of the people, by the people, for the people, and a socialist-oriented market economy. Vietnam is a developing country, its economy is in transition, its economic scale is still modest, its resilience is limited but its openness is large, small external fluctuations can have a big impact on the internal ones, so the economy needs state regulation when necessary.
Along with that, Vietnam identifies the human factor throughout, taking people as the center, subject, driving force, the most important resource and the goal of development; not sacrificing progress, social justice, social security, and the environment to pursue mere economic growth. Vietnam builds an advanced culture, imbued with national identity, culture lights the way for the nation, as long as culture exists, the nation exists.
Vietnam consistently pursues a foreign policy of independence, self-reliance, peace, friendship, cooperation and development, diversification, multilateralization, proactive and active international integration comprehensively, deeply and effectively, being a friend and reliable partner, an active and responsible member of the international community; and persistently pursuing the "four no's" defense policy.
Vietnam develops an independent, self-reliant economy, actively and proactively integrating deeply, substantially and effectively into the international economy; taking internal resources as fundamental, strategic, long-term and decisive; external resources as important, breakthrough and regular.
To date, Vietnam has established diplomatic relations with more than 190 countries, including Comprehensive Strategic Partnership or Strategic Partnership with all 5 permanent members of the United Nations Security Council and many countries in the Group of 20 (G20); signed 16 Free Trade Agreements (FTAs) with more than 60 countries.
Prime Minister Pham Minh Chinh said that Vietnam's 10-year socio-economic development strategy for the 2021-2030 period clearly identified the need to "mobilize all resources, develop rapidly and sustainably on the basis of science, technology, innovation and digital transformation, striving to become a developing country with modern industry and high middle income by 2030 and become a developed country with high income by 2045".
In the coming time, Vietnam will continue to promote three strategic breakthroughs including building strategic infrastructure to reduce logistics costs, input costs, and increase product competitiveness; training high-quality human resources; and perfecting institutions to facilitate and reduce compliance costs for businesses and people.
Along with that, Vietnam has priority mechanisms and policies suitable for priority, spearhead, and emerging fields such as digital transformation, science and technology, artificial intelligence, green transformation, etc.
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| Prime Minister Pham Minh Chinh with businesses attending the Dialogue. Source: VNA) |
Prime Minister Pham Minh Chinh affirmed that in the recent difficult context, Vietnam continues to maintain macroeconomic stability, control inflation, promote growth, ensure major balances, public debt, government debt, foreign debt, and deficit under control. Vietnam operates appropriate monetary and exchange rate policies and in fact, the Vietnamese currency has remained relatively stable compared to other currencies.
Also in 2023, people and economic organizations deposited about 13.5 million billion VND in banks, the highest ever, showing improved income and people's confidence.
Prime Minister Pham Minh Chinh emphasized the motto: “Policies must be open, infrastructure must be smooth, and governance must be smart. Even if the world is in turmoil, we will persist with these policies, in the spirit of harmonizing the interests of the State, people, businesses, investors, and sharing when there are risks. This is the greatest balance.”
The Prime Minister hopes that investors will continue to come to Vietnam, bringing capital, modern technology, contributing to institutional improvement, human resource training, and improving modern management capacity; affirming that the Government and ministries are always listening, ready to dialogue, share, negotiate, "promises must be kept, commitments must be fulfilled" and also hopes that investors will follow this spirit; Vietnam always protects the legitimate and legal rights and interests of investors.
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