G20 countries need to take lead in building mutual respect, peaceful world

The Vietnamese Prime Minister made the call while addressing the G20 Summit in Johannesburg, South Africa on November 22.

G20 countries also need to coordinate policies to prevent systemetic risks and cope with crisises; reduce trade barriers and fragmentation of supply chains while promoting initiatives to ensure global stability, said Pham.

He also called on G20 to work together to ensure a global rule-based multilateral trading system with the World Trade Organization at its core and a balanced, transparent and open financial system.

The Vietnamese Prime Minister called for equal access to science and technology and finance for development. He suggested G20 countries enhance cooperation to ensure that science and trade are not politicized; assist developing countries to formulate trade policies, develop effective financial systems for rapid and sustainable development.

Pham urged G20 countries to push for comprehensive reform of the World Trade Organization to make it more dynamic and effective.

On global governance, the Prime Minister called on the G20 countries to collaborate with multilateral institutions to enhance dialogue, build a global governance framework that can ensure balanced economic interests among economies.

He affirmed that Viet Nam stands ready to cooperate with countries and the international community to build a world of peace, prosperity, sustainable and inclusive development, to leave no one behind./.