WEF 2019: opportunities for Vietnam to speed up global integration

(VOVWORLD) - Prime Minister Nguyen Xuan Phuc will lead a Vietnamese high-level delegation to the World Economic Forum in Davos, Switzerland, from Tuesday until Friday, at the invitation of WEF Founder and Executive Chairman Prof. Klaus Schwab. This is an important political and diplomatic event to help Vietnam raise its international status.
WEF 2019: opportunities for Vietnam to speed up global integration - ảnh 1Prime Minister Nguyen Xuan Phuc received WEF Founder and Executive Chairman Klaus Schwab at the WEF ASEAN 2018 in Vietnam. 

WEF 2019 will draw 3,000 delegates, including 50 state and government leaders and heads of international organizations. Themed “Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”, the forum will discuss important political, economic, technological, and environmental issues.

Current Affairs debated

Participants will discuss the impacts of, and solutions for, key geopolitical issues around the world and the reform of global institutions to adapt to new situation, and will set new regulations for cooperation to deal with shared problems.

The Forum will analyze multi-dimensional impact of the 4th Industrial Revolution on all sectors, particularly on economic restructuring and policies for sustainable and inclusive development.Other issues on the agenda are labor, employment, and solutions to improve environmental management at the national, regional, and global levels.

Vietnam seizes opportunities

Attending the WEF Davos, Prime Minister Nguyen Xuan Phuc will meet with other state leaders to connect Vietnam with the world and catch up with new ideas and technology advancements.

Vietnam will collaborate with the WEF to organize the 1st Vietnam Economic Dialogue with the participation of the WEF President and leaders of global groups.

Vietnam and the WEF are slated to sign an agreement establishing a 4th Industrial Revolution Center and a Letter of Intent on cooperation in handling plastic waste. Prof. Doctor Pham Quang Minh, Director of Hanoi’s National University of Social Sciences and Humanity, said: “The Davos multilateral forum is an opportunity for the Prime Minister to introduce Vietnam's stable politics and a favorable investment environment. Vietnam will create conditions to attract foreign investment and Vietnam supports trade liberalism. Over the past 32 years, Vietnam’s economy has integrated deeply into the world.”

Since joining the WEF in 1989, Vietnam has hosted many regional WEF events. Vietnamese businesses have taken advantage of the WEF to develop cooperative networks and share business experience.