DPM Tran Hong Ha attends WEF Davos

The theme for this year’s WEF meeting is ‘Cooperation in a Fragmented World’.  The congregation of experts, academics, investors, and political and business leaders will discuss some of the pressing issues the world is facing today, such as the Russia-Ukraine crisis, global inflation and climate change and promote innovative solutions.    

World leaders are expected to share their insights on the prevalent economic conditions across the globe. According to the WEF’s annual Global Risks Report, recession threat, cost-of-living crisis and debt distress is likely to dominate the outlook for at least two years. 

Settling emerging global challenges

The World Economic Forum (WEF) Annual Meeting 2023 is a chance for Viet Nam to share with the international community its vision on common efforts in settling emerging global challenges and Viet Nam's policies and experience in international integration and socio-economic development.

The event also offers a chance for Viet Nam to call for investment and resources from international organizations, economic groups and investment funds in the world and Switzerland in particular.

Tran will attend the WEF annual meeting on January 17, which will be his first trip abroad just days after he was confirmed by the National Assembly as Deputy Prime Minister of Viet Nam.

Tran will deliver remarks at discussions on food and water security, and this represents a good stepping stone to draw the attention of the international community on food security before the country hosts the fourth Global Conference on Sustainable Food System in April.

The Deputy Prime Minister will co-chair a Viet Nam-WEF global business forum which will focus on green and creative transformation

He will also hold a number of bilateral meetings with Prof. Schwab; Achim Steiner, Administrator of the UN Development Program (UNDP); Axel van Trotsenburg, Managing Director of Operations of the World Bank (WB) .

Overview of Viet Nam-WEF relations

Since Viet Nam and the WEF set up their relations in 1989, the two sides have paid great attention to bolstering the ties across all fields.

Viet Nam has attended the WEF at a high level, including the Prime Minister-level at four WEF Annual Meetings in Davos, the same level at four WEFs on ASEAN.

Viet Nam also hosted the WEF ASEAN Summit in 2018, the first WEF-Mekong Conference in 2016, and the WEF East Asia Conference in 2010.

In line with the COVID-19 pandemic containment efforts, the two sides held the first National Strategic Dialogue in 2021 with the aim of strengthening the public-private partnership as a key driver in the comprehensive recovery and sustainable and inclusive development plan.

The two sides are also working for the signing of a Viet Nam-WEF cooperation agreement in the new period, creating a framework for deeper and more extensive partnership.

The Vietnamese side always highly values the WEF's recommendations and cooperation with the Vietnamese Government agencies in the fields of sustainable development, digital transformation, and innovation, she said, underlining that the country hopes that the WEF will continue to assist Viet Nam by offering access to advanced knowledge and resources in order to serve the sustainable development goals and make effective use of new growth drivers./.