Prime Minister Pham Minh Chinh co-chaired the World Economic Forum (WEF)'s Country Strategic Dialogue on Viet Nam 2021, October 29, 2021. Photo: VGP
In his speech, PM Chinh affirmed Viet Nam’s determination to recover and develop the economy, while emphasizing that the government and businesses need to strengthen the public-private partnership to overcome difficulties in the context of the pandemic.
He highlighted the country’s socio-economic situation with improvements in October as the pandemic has been basically controlled and the economy has been re-opened step by step.
In ten months of this year, newly-registered FDI rose by 11.6 percent and over US$15 billion were disbursed. Exports went up 16.6 percent annually while the consumer price index inched up 1.81 percent, showing that the existing difficulties are only temporary. Viet Nam’s potential, advantages, new driving force for long-term development and macro-economic foundations as well as major balances remain stable and solid, he said.
The PM stressed that Viet Nam gives priority to restructuring its economy in combination with renewing growth model, improving productivity, quality, efficiency and self-resilience of the economy following the pandemic.
Based on Viet Nam’s development orientations, he called on investors to restore safe production in industrial, economic, hi-tech and processing zones to maintain orders and supply chains, as well as invest in fields of Vietnam’s priority with special incentives such as hi-tech, information technology and support industry.
Many regional and global business heads highly valued the Vietnamese Government's decision to shift to safe adaptation to the epidemic. They acknowledged Viet Nam's efforts in universal vaccination and disease control as well as its support packages for firms and workers.
The foreign business community made numerous policy recommendations to revive and stimulate the economy, promote foreign direct investment, and improve domestic and cross-border goods transport connections.
Major technology corporations proposed policies for the promotion of public-private partnership to develop digital infrastructure, and encourage investment in digital transformation, and strategies to take advantage of the 4th industrial revolution technology in COVID-19 response and post-pandemic recovery.
In the field of renewable energy, an enterprise proposed that Viet Nam set up a consultative energy forum with the participation of the private sector and the Government to strengthen cooperation in this area.
Closing the dialogue, Schwab once again expressed his belief in the potential and position of Viet Nam. He pledged that the WEF will continue to give maximum cooperation and support to the Government of Viet Nam.
The Country Strategic Dialogue on Viet Nam is one of the most important events in the WEF agenda in 2021 to support global corporations to expand their investment and business, and anticipate new trends in the context of the global economy on the way to recovery.
It is also an important event for the Vietnamese Prime Minister to discuss directly with global business leaders in order to mobilize all resources for the implementation of the country’s socio-economic recovery and development plans./. VNA