Prime Minister Pham Minh Chinh (right) and Founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab. (Photo: VNA)

Schwab hailed Vietnam’s socio-economic achievements over the recent past, especially the country’s comprehensive approach in macro-economic management, helping the national economy sail through challenges amidst the present regional and global situation.

For his part, PM Pham Minh Chinh congratulated the WEF on the successful organisation of its annual meeting in Tianjin (China), contributing to affirming its reputation and role in promoting dialogues and public-private partnership, and proposing initiatives and new models to contribute to global economic recovery.

The PM also spoke highly of the signing of a memorandum of understanding on cooperation between Vietnam and the WEF for 2023-2026, and pledged to coordinate in implementing the six collaboration areas of innovation in food-foodstuff, and innovation skill development and green transition; zero-emission industrial clusters; plastic waste reduction; financing for energy transition; digital transformation and the establishment of a Centre for the Fourth Industrial Revolution.

In the context of food security issues, especially the rice supply crunch which has raised concern among many countries in the region, the leader affirmed that Vietnam stands ready to assist other countries in ensuring stable supply and contribute to strengthening food security globally.

Vietnam will also further participate in and actively contribute to the forum’s initiatives and activities, he said, calling for the WEF’s coordination in hosting activities that bring together leading experts and economic policy makers in the region and the work to discuss issues of shared concern, including the utilisation of scientific-technological advances in economic recovery and growth globally.

On this occasion, the WEF Executive Chairman invited PM Pham Minh Chinh to attend the WEF Davos 2024./.