PM discusses new development trends with WEF’s leader
Prime Minister Pham Minh Chinh and Founder and Executive Chairman of the World Economic Forum (WEF) Prof. Klaus Schwab discussed new development trends, the shape of the “era of intelligence”, Vietnam’s development and prospects in this new era, and cooperation between the country and the forum during their meeting in Hanoi on October 7.
Prime Minister Pham Minh Chinh (R) and Founder and Executive Chairman of the World Economic Forum (WEF) Prof. Klaus Schwab at their meeting on October 7. (Photo: VNA)
Hanoi (VNA) - Prime Minister Pham Minh Chinh and Founder and Executive Chairman of the World Economic Forum (WEF) Prof. Klaus Schwab discussed new development trends, the shape of the “era of intelligence”, Vietnam’s development and prospects in this new era, and cooperation between the country and the forum dur✱ing their meeting in Hanoi on October💧 7.
Chinh thanked Schwab for accepting the invitation to visit Vietnam and engaging in the talkshow that inspires and motivates Vietnamese youth at the Vietnam National University, Hanoi (VNU).
Schwab expressed his admiration for Vietnam's significant changes and strong development. He commended the performance of the Vietnamese Government, especially in maintaining impressive economic growth in recent years despite difficulties facing the global economy.
He said that with its prospects and outstanding socio-economic achievements, Vietnam is likely to become a 2-trillion-USD economy by 2050.
The expert said that he is deeply impressed by the dynamism and rapid adoption of smart technology trends among Vietnamese youth, saying that this is one of Vietnam's competitive advantages that should be further harnessed to achieve strategic development goals.
Chinh applauded Schwab’s large and strategic vision in founding the WEF in 1971, saying that over more than five decades, the forum has affirmed its leading role and reputation in the globe in not only initiating and capturing new global trends but also pioneering in proposing future solutions.
The two sides showed their pleasure at the increasingly substantive development of the ties between Vietnam and the WEF, noting that the recently inaugurated Centre for the Fourth Industrial Revolution (C4IR) in Ho Chi Minh City, one of the WEF’s 19 centres of this kind in the world, marks an important milestone in the relationship.
The Vietnamese leader called on the WEF to collaborate with Vietnam to make the centre one of the exemplary models within the WEF’s network, serving as a motivation for applying advanced technologies in key sectors of the economy.
He suggested Schwab and the WEF continue connecting Vietnam with global corporations and investment funds, and supporting the Southeast Asian nation in attracting high-quality investment inflows in priority areas such as high technology, energy transition, green economy, and sustainable infrastructure development. He called for the WEF’s assistance for Vietnam in developing a startup and innovation ecosystem, thus making it easier for young businesses to develop and integrate into the global value chain./.
Tran Luu Quang, Chairman of the Party Central Committee's Economic Commission, received visiting Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), in Hanoi on October 7.
Prime Minister Pham Minh Chinh and Founder and Executive Chairman of the World Economic Forum (WEF) Professor Klaus Schwab on October 7 had an exchange with nearly 500 students from universities in Hanoi.
Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), held a talkshow with young entrepreneurs, innovative startups, students, and outstanding young citizens of Ho Chi Minh City on October 6, as part of his working visit to the southern metropolis.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
