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PM attends G20 Summit

Released at: 19:33, 29/06/2019

PM attends G20 Summit

Prime Minister Nguyen Xuan Phuc (front, centre) at the first session of the 14th G20 Summit (Photo: VNA)

Summit underway in Osaka on June 28.

by Long Van

Prime Minister Nguyen Xuan Phuc attended several sessions during the 14th G20 Summit that opened in Osaka, Japan, on June 28, as its guest, according to a report from the Vietnam News Agency (VNA).

Following a welcome ceremony in the morning, leaders of G20 members and guest countries engaged in a thematic discussion on the digital economy presided over by Japanese Prime Minister Shinzo Abe.

The session adopted the Osaka statement on the digital economy, which stressed the huge potential and significance of the digital economy, and agreed to enhance international cooperation in order to facilitate the development of the digital economy, optimize benefits brought about by the digital economy and emerging technologies, and ensure security and safety in the digital economy.

During the first session, the leaders looked into the global economic, trade and investment situation and prospects.

They shared the view that although the global economy basically remained stable, growth remains sluggish with substantial risks.

The leaders affirmed that they will continue to use and combine policy tools to spur sustainable, balanced and inclusive growth, consolidate trust and prevent risks.

Given the complex development of global trade tensions, leaders of many countries advocated international cooperation and called for efforts to fight protectionism, promote economic, commercial and investment connectivity, push ahead with reforming the WTO, and maintain and consolidate the multilateral trade system.

They also underlined the need to step up cooperation in mobilizing and using resources for high-quality infrastructure development effectively, thus contributing to global economic growth.

Addressing a working session in the afternoon on innovation, Prime Minister Phuc said Vietnam regards the digital economy as a major growth engine and will issue a strategy on national digital transformation late this year.

He welcomed the initiative proposed by Prime Minister Abe on free data flows with trust, and suggested forming a global legal framework and regulations on data flows and management.

Vietnam and other ASEAN members stand ready to cooperate with G20 members to encourage innovation and optimize economic benefits brought about by the digital economy while ensuring compliance with local and international law, Prime Minister Phuc said.

He also lauded the G20’s approach of people-centered AI development and proposed promoting the formation of a global network of innovation centers, including those engaging in AI research and development, in order to increase the sharing of knowledge and new technologies and help developing countries make use of the opportunities created by innovation and AI, thus ensuring that no one will be left behind and that there will be peace and sustainable development in the digital era.

Prime Minister Phuc also met world leaders.

At his meeting with Russian President Vladimir Putin, the two leaders agreed to accelerate the implementation of agreements signed during high-level official visits between the two countries, particularly the Russia trip this June, thus boosting the bilateral comprehensive strategic partnership in a substantive, deeper and effective manner, especially in the fields of energy, oil and gas, and high tech.

.Prime Minister Nguyen Xuan Phuc(right) and Russian President Vladimir Putin (Photo: baochinhphu.vn)

Meanwhile, Australian Prime Minister Scott Morrison highly valued the flourishing relations between Vietnam and Australia in recent times, affirming the Australian Government’s commitment to elevating the bilateral strategic partnership to new heights in various areas.

He expressed his support for Vietnam as ASEAN Chair in 2020 and wished to further enhance ties with ASEAN within the ASEAN plus one mechanism.

Prime Minister Morrison agreed with Prime Minister Phuc’s proposal on close coordination in implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as well as accelerating the early conclusion of negotiations on the Regional Comprehensive Economic Partnership (RCEP).

The two leaders shared views on international and regional issues of common concern, including the maintenance of peace, stability, and freedom of navigation and aviation in the region.

Prime Minister Phuc invited Prime Minister Morrison to visit Vietnam in the future.

At the meeting between Prime Minister Phuc and German Chancellor Angela Merkel, who appreciated effective exchange activities on measures to boost the strategic partnership, the two leaders affirmed their commitments to continuing to carry out solutions to enhance the bilateral partnership in a more extensive and substantive manner in the time ahead.

In a talk with the President of the Republic of Korea Moon Jae-in, the two sides agreed to take measures to boost bilateral ties and coordination in regional and international issues of shared concern, including the denuclearization of the Korean peninsula.

Meanwhile, World Bank President David Malpass highlighted Vietnam’s achievements in socioeconomic development, poverty reduction, and infrastructure construction, affirming continued support for the country in specific investment projects and consulting sustainable development policies.

Asian Development Bank (ADB) President Takehiko Nakao spoke highly of the strong development of Vietnam’s economy, which is expected to expand 7 per cent this year, while considering Vietnam a good example in sustainable development, socioeconomic management, and particularly public debt management and reduction.

He affirmed the ADB wants to promote cooperation with Vietnam, especially in loans for infrastructure and social development and structural reform, while proposing the two sides ink loan agreements in healthcare and human resources development worth $225 million. He revealed the ADB’s plan to provide Vietnam with $315 million in loans to carry out projects on the enhancement of capacity for climate change adaptation and urban environment improvements in the 2019 fiscal year.

Secretary-General of the United Nations Antonio Guterres congratulated Vietnam on its election as a non-permanent member of the UN Security Council for the 2020-2021 tenure, saying that the country will be an important factor contributing to the UN body’s activities.

He appreciated Vietnam’s contributions to peace and stability in the world, including the continued deployment of peacekeeping forces to South Sudan, and affirmed his support for it to fulfil its roles at the UN.

The two sides discussed issues on security and development in the region and the world as well as measures to foster cooperation between the UN and ASEAN in 2020 when Vietnam assumes ASEAN Chair.

Prime Minister Phuc took the opportunity to invite the UN Secretary General to visit Vietnam and attend related activities of ASEAN in 2020. The latter accepted the invitation with pleasure.

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