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Positive outcomes for Vietnam at WEF-ASEAN

Released at: 09:57, 15/05/2017

Positive outcomes for Vietnam at WEF-ASEAN

Prime Minister Nguyen Xuan Phuc speaks at the closing session of the WEF-ASEAN 2017 (Photo: VNA)

Hosting WEF-ASEAN next year is a chance for Vietnam to promote its image further in the region and the world, senior diplomat said.

by Nguyen Quoc

The Vietnamese delegation, led by Prime Minister Nguyen Xuan Phuc, attending the 26th WEF-ASEAN in Cambodia between May 10 and 12 at the invitation of WEF Executive Chairman Klaus Schwab, has returned to Hanoi.

Vietnam gained practical outcomes from its attendance, Deputy Foreign Minister Dang Dinh Quy was quoted by the Vietnam News Agency as saying.

Unlike previous forums, he said, this year’s WEF-ASEAN was significant since it took place amid the 50th anniversary of the founding of ASEAN and a number of challenges facing the region, especially globalization, economic connectivity, and the fourth industrial revolution. Vietnam will now host WEF-ASEAN 2018.

He added that Vietnam expressed its resolve to boost comprehensive reforms, economic and growth model restructuring, policies and efforts to facilitate government, step up business climate improvements, and encourage startups and innovation, and its determination to integrate into the world despite the unfavorable global situation.

A series of meetings hosted by PM Phuc connected leading regional and global enterprises with Vietnam’s business circles. Two major events were held specifically for Vietnam, gathering major firms such as Visa, Golden Gates Ventures & Bragiel Brothers, Marsh, OPTrust, Unison Capital, Mitsubishi, Development Bank of Japan, Hanwha, Standard Chartered, Geneva Swiss Bank, Temasek, and Eastspring Investments.

The PM also invited leaders of WEF member businesses to take part in activities around APEC Vietnam 2017, Mr. Quy said.

He added that its presence at WEF-ASEAN 2017 helped promote Vietnam’s profile as an active, proactive and responsible member of the ASEAN Community.

As this year’s forum focused on the impacts of technology on growth and employment in ASEAN, it was a good occasion for Vietnam to learn about the world and the region’s evaluations of ASEAN and its member nations, and to recognize new development trends, especially regional countries’ actions to adapt to the fourth industrial revolution. This will help Vietnam design and carry out its own development strategies, he noted.

PM Phuc’s attendance at WEF-ASEAN just two weeks after officially visiting Cambodia showed Vietnam’s support to the WEF’s activities as well as to Cambodia, which hosted the event for the first time. Senior Cambodian leaders also appreciated the PM’s presence, which contribute substantially to the bilateral friendship, Mr. Quy added.

The Deputy Minister said the hosting of WEF-ASEAN next year will be an opportunity for Vietnam to promote itself further in the region and the world, helping to foster global businesses’ interest in the country.

Dialogue and connectivity can be bolstered between Vietnamese enterprises and their partners from around the globe, he said, noting that Vietnam also hopes the event will encourage entrepreneurship and businesses’ engagement in national development.

The hosting of the WEF-ASEAN 2018 is part of multilateral external activities between 2016 and 2020 and Vietnam’s foreign policy of active and proactive international integration and being a friend, trustworthy partner, and responsible member of the international community, Mr. Quy said.

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