Prime Minister Pham Minh Chinh and businesses attending the discussion. Photo: TTXVN.
The discussion was jointly organized by the Ministry of Planning and Investment, the Permanent Mission of Vietnam in Geneva, the Young Global Business Leaders Organization (YPO) and the VinaCapital Foundation.
The discussion 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, Ministry of Minister of Education and Training Nguyen Kim Son, Governor of the State Bank of Vietnam Nguyen Thi Hong, Chairman of Ho Chi Minh City People’s Committee Phan Van Mai; representatives of large Vietnamese and world businesses, and members of YPO.
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, attracting high foreign direct investment (FDI).
In 2023, Vietnam is the only country to welcome both the President of the United States and the General Secretary and President of China to visit. Vietnam has become one of the most attractive destinations not only in the region but also in the world and it 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 the field of import and export, attracting investment, developing infrastructure, promoting innovation, developing artificial intelligence, sustainable energy transition, and public policy. Monetary policy, exchange rate management, Vietnam’s priorities in the current transition period…
Next, under the coordination of Dr. Philipp Rösler, former Deputy Prime Minister of Germany, former Executive Director of WEF, currently Honorary Consul of Vietnam in Switzerland, investors and YPO representatives spoke highly of evaluate the investment and business environment in Vietnam, have open, sincere, and frank dialogue, find new opportunities and promote investment cooperation activities, and share time investment plans. next.
Mr. Thomas Serva, CEO of Baracoda Group (France), said Vietnam is one of the most attractive destinations, with abundant, high-quality human resources and good relations between Vietnam and France. This business wants to participate in building innovation centers and developing artificial intelligence in Vietnam.
After speeches from leaders of ministries, branches and localities, Prime Minister Pham Minh Chinh thanked the delegates for their interest in Vietnam. According to Prime Minister Pham Minh Chinh, with the theme “Rebuilding trust”, this time WEF Davos attracted great attention from national and business leaders. The Prime Minister said that although there are many concerns and worries, with frankness and sincerity in dialogue, it can be believed that after this WEF Conference, trust between countries, businesses, and nations will be restored. Engagement with businesses will be consolidated and strengthened, 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 the great and valuable lessons of Vietnam: Persistence on the path of national independence and socialism; The people are the ones who make history; promote 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’s ideology and cultural and historical traditions in accordance with the country’s conditions and circumstances and the world context. Currently; promote the leadership role of the Communist Party of Vietnam.
Regarding Vietnam’s major directions, 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 building an economy. socialist-oriented market. Vietnam is a developing country, the economy is in transition, the economic scale is still modest, the resilience is limited but the openness is large, small fluctuations on the outside can have a big impact on the inside, therefore The economy needs state regulation when necessary.
Along with that, Vietnam consistently identifies the human factor, taking people as the center, the subject, the most important driving force, resource and goal of development; Do not sacrifice progress, social justice, social security, and the environment to pursue simple economic growth. Vietnam builds an advanced culture, rich in national identity, culture lights the way for the nation to go, if culture exists, the nation will survive.
Vietnam is steadfast in its foreign policy of independence, self-reliance, peace, friendship, cooperation and development, diversification, multilateralization, proactive and positive international integration, comprehensively, deeply and effectively. effective, a friend, a reliable partner, an active and responsible member of the international community; persist in the “four no’s” defense policy.
Vietnam develops an independent, self-reliant, proactive, and proactive economy with deep, substantive, and effective international economic integration; Taking internal resources as basic, strategic, long-term, decisive; External resources are important, groundbreaking, and frequent.
To date, Vietnam has had diplomatic relations with more than 190 countries, including comprehensive strategic partnerships or strategic partnerships with all 5 permanent countries of the United Nations Security Council and many member countries. Group of the world’s leading developed and emerging economies (G20); Signed 16 Free Trade Agreements (FTA) with more than 60 countries.
Prime Minister Pham Minh Chinh said that Vietnam’s 10-year socio-economic development strategy for the period 2021-2030 clearly identifies 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 average income by 2030 and by 2045 to become a developed country with high income.
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; Improve institutions to facilitate and reduce compliance costs for businesses and people. Along with that, Vietnam has priority mechanisms and policies appropriate to priority, spearhead, and emerging fields such as digital transformation, science – technology, artificial intelligence, green transformation…
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, and government debt. government, foreign debt, overspending under control. Vietnam operates appropriate monetary and exchange rate policies and in fact, over the past time, the Vietnamese currency has remained relatively stable compared to other currencies. Also in 2023, people and economic organizations deposit about 13.5 million billion VND into 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 clear, and management must be smart.” Even though the world is in turmoil, we still persist in 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 improving institutions, training human resources, and improving modern governance capacity; affirmed that the Government and ministries are always listening, ready to dialogue, share, negotiate, “promised to do, committed to implement” and also expected investors to follow this spirit; Vietnam always protects the legal and legitimate rights and interests of investors.
