WEF regards Vietnam as a model of robust developing economy


Prime Minister Phạm Minh Chinh and Prof Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF). - Photo: Vientiane News/ANN

LIAONING, (China): Vietnamese Prime Minister Phạm Minh Chinh on Wednesday (June 26) morning met with Prof Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), as part of his working trip to attend the WEF Annual Meeting of the Champions in Dalian City, Liaoning Province of China.

During their talks, PM Chinh expressed the appreciation for Prof Schwab's vision and the significant role of the WEF in promoting global dialogue and cooperation, particularly in public-private partnerships.

PM Chinh praised the success of the WEF meeting this year, on the theme 'Next Frontiers for Growth', which has inspired nations and businesses to continuously innovate and collaborate to build the future economy.

Prof Schwab expressed his pleasure at meeting PM Chinh again in China, marking his third consecutive attendance at the WEF annual meeting.

The WEF Founder was impressed by the Prime Minister's messages during the plenary session and his sincere and open exchanges with WEF's top CEOs.

Prof Schwab stated that the WEF and its member corporations greatly valued Vietnam's prospects, investment environment, business climate and outstanding economic achievements.

They view Vietnam as a model of a robust developing economy that effectively leverages the opportunities of the Fourth Industrial Revolution.

Both sides were pleased with the significant developments in the cooperation between Vietnam and the WEF in recent times, especially the signing of the Memorandum of Understanding (MOU) for the 2023-26 period last year at the WEF's summer meeting in Tianjin, China.

Both sides agreed to effectively implement the MOU and coordinate to turn the HCM City Centre for the Fourth Industrial Revolution into a leading regional hub.

The WEF welcomed Vietnam's participation in the WEF's Centre for Fourth Industrial Revolution (C4IR) and viewed this as an opportunity for Vietnam not only to share technological knowledge, but also to enhance cooperation in science, technology, and innovation.

Prof Schwab also extended a formal invitation to PM Chinh to attend the WEF Annual Meeting in Davos in 2025. — Vientiane News/ANN

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