At the seminar in Davos on January 17. (Photo: VNA)The event was jointly held by the Vietnamese Ministryof Planning and Investment, Vietnam's permanent mission in Geneva, the YoungPresidents' Organisation (YPO) and the VinaCapital Foundation.
PM Chinh expressed his belief that after the WEF-54, whichtakes the theme of “Rebuilding Trust”, the trust among countries, among businesses, andbetween countries and businesses will be consolidated and fostered, including the confidencein Vietnam.
The leader briefed the participants on somefundamental factors that make Vietnam a safe, healthy and sustainable investment destination, and highlighted the country's valuable experiences such as persistently pursuing national independence and socialism, maximising the strength of the great national solidarity and international solidarity, combining the strength of the nationwith that of the era, creatively applying Marxism-Leninism, President Ho Chi Minh'sideology and cultural and historical traditions, and upholding the leadership of the Communist Party ofVietnam.
Regarding Vietnam's major orientations, he said that Vietnamis building a socialist democracy, a law-governed socialist State of thepeople, by the people and for the people, and a socialist-oriented marketeconomy.
Vietnam is a developing country, so its economy needs theState’s regulation when necessary, he said, stressing that Vietnam considers the peoplethe centre, the subject, the most important driver and resource, and the targetof development. Vietnam will not trade social equality and welfare and environment for economic growth, PM Chinh said.
He went on to say that Vietnam stays steadfast in its foreign policyof independence, self-reliance, peace, friendship, cooperation and development,diversification and multilateralisation of relations, comprehensive, intensive,extensive and effective international integration, and being a friend, areliable partner, and a constructive and responsible member of theinternational community; as well as in its "four no's" defencepolicy.
The PM emphasised that Vietnam has set up diplomaticrelations with more than 190 countries, including comprehensive strategic orstrategic partnerships with all of the five permanent members of the UnitedNations Security Council and many of the Group of Twenty (G20) developed andemerging economies, and signed 16 Free Trade Agreements (FTA) with more than 60countries.
Vietnam aims tobecome a developing country with a modern industry and upper middle income by2030, and a developed, high-income nation by 2045, he said, adding to that end,the country will further step up the three breakthroughs of strategicinfrastructure construction, high-quality personnel training, and institutionperfection.
At the same time, it will roll out mechanisms andincentives for priority, spearhead and emerging sectors such as digitaltransformation, science-technology, AI and green transition, Chinh told the seminar.
He highlighted Vietnam’s efforts in maintaining macro-economicstability, controlling inflation, spurring growth, ensuring major economicbalances, and guaranteeing that public, government and foreign debts andoverspending are within its control.
Despite global turmoil, Vietnam still persistently pursuesthese policies in the spirit of harmonising the interests of the State, people,businesses and investors and sharing risks, he affirmed, calling this thegreatest balance.
On this occasion, the PM called on investors to bringmore capital and cutting-edge technologies to Vietnam, and contribute ideas tohelp the country consolidate its institutions, develop human resources andimprove administration capacity, pledging that the government, ministries andagencies are always ready for dialogues and negotiations.
Delegates at the seminar expressed their impressionsof Vietnam’s remarkable socio-economic achievements in 2023 with GDP growth of 5.05%, controlled inflation and big volume of foreign direct investment,and noted their belief that the Southeast Asian nation will play a moreimportant role in the global supply chain.
Thomas Serva, CEO of France’s Baracoda Group, saidVietnam is one of the most attractive destinations, with abundant, high-qualityhuman resources, and that his groupwants to participate in building innovation centres and developing AI in the country./.
VNA
