Vietnam is seeking increased backing from global organizations to boost its economic prospects, as Deputy Prime Minister Nguyễn Văn Thắng emphasized the need for enhanced support from the World Trade Organization (WTO) and the World Economic Forum (WEF). In recent discussions held in Switzerland, Thắng reiterated Vietnam’s dedication to a rules-based international trade system and called on the WTO to expedite its reform processes. He urged the organization to restore its dispute resolution mechanism and broaden its scope to include critical areas such as digital trade, artificial intelligence, climate change, and supply chain resilience.
Highlighting Vietnam’s ambitious target of achieving a high-income status by 2045, Thắng invited the WEF to strengthen its collaboration with Vietnam. He proposed deeper cooperation in areas like investment, innovation, and public-private partnerships, along with the establishment of international financial centers. The Deputy Prime Minister’s call to action underscores Vietnam’s proactive approach to integrate into the evolving global economy and leverage international support to fuel its development goals.
Officials from both the WTO and the WEF responded positively to Vietnam’s initiatives, recognizing the significance of the country’s economic reforms. They expressed their commitment to ongoing cooperation in trade, investment, and capacity-building efforts, which are crucial for Vietnam’s economic trajectory. The supportive stance of these international bodies reflects their acknowledgment of Vietnam’s potential and the strides it has made in reforming its economy.
Thắng’s appeal to the WTO and WEF also aligns with Vietnam’s broader strategy to navigate emerging challenges and opportunities in the global market. By advocating for reforms and expanding the focus of international trade discussions, Vietnam is positioning itself as a forward-thinking player on the global stage, eager to embrace technological advancements and address pressing global issues such as climate change.
These discussions in Switzerland mark a significant step in Vietnam’s journey towards economic advancement, as the country seeks to solidify its place within the global economic community. The commitments made by the WTO and WEF to support Vietnam’s endeavors highlight a shared vision for a more inclusive and resilient global economy, with Vietnam poised to play a pivotal role in its future development.