In a bid to propel Vietnam’s economic trajectory, Deputy Prime Minister Nguyễn Văn Thắng has urged for enhanced collaboration with the World Trade Organization (WTO) and the World Economic Forum (WEF). During discussions held in Switzerland, Thắng emphasized Vietnam’s dedication to a global trading system grounded in rules and called for the WTO to expedite its reform processes. He pointed to the necessity of reviving the dispute settlement mechanism and expanding the organization’s agenda to address emerging issues like digital trade, artificial intelligence, climate change, and supply chain resilience.
Thắng underscored Vietnam’s ambitious target of achieving high-income status by the year 2045. To reach these economic milestones, he invited the WEF to strengthen its cooperation with Vietnam by fostering investment and innovation. He also stressed the importance of public-private partnerships and the establishment of international financial hubs to support this vision. The Vietnamese government is keen on leveraging these partnerships to enhance the country’s economic standing on the global stage.
The meetings reflected Vietnam’s strategic approach to engaging with international bodies to boost its trade and investment landscape. The Deputy Prime Minister’s call for support aligns with Vietnam’s broader strategy to integrate into global markets and adapt to new economic trends. By positioning itself as a proactive player, Vietnam hopes to secure a more influential role within the global economy, particularly in areas that are gaining prominence such as technology and environmental sustainability.
Officials from the WTO and WEF expressed their support for Vietnam’s economic reforms and assured continued collaboration in areas of trade, investment, and capacity building. Their commitment highlights the international community’s recognition of Vietnam’s efforts to transform its economy and adapt to the evolving global market demands. Such partnerships are seen as vital in facilitating Vietnam’s journey toward economic prosperity and resilience.