Tianjin (VNA) - Prime Minister Pham Minh Chinh on June 27 emphasisedthe importance of global and all-people approaches to and response measuresagainst “headwinds” that are hindering economic growth of the world and Vietnam.

Addressing a debate themed “Braving the Headwinds: RewiringGrowth Amid Fragility” within the framework of the 14th Annual Meeting of theNew Champions (AMNC) of the World Economic Forum (WEF) in Tianjin, China, PMChinh noted that there are currently six “headwinds” which are global economic recessionand rising inflation; prolonged consequences of the COVID-19 pandemic on theworld economy; geostrategic competition, protectionism, separation,fragmentation, and lack of cohesion; conflicts which threaten global food andenergy security; developing countries hardest hit and having limited capacityto adapt to and withstand external shocks; and increasingly complicated andunpredictable climate change, natural disasters and epidemics.

To cope with these problems, the Vietnamese leader stressedthe need to strengthen international solidarity and promote multilateralism, andconsider the people as the subject, the centre, the resources and the drivingforce for development; and focus on recovering production and business,creating jobs, promoting trade and investment, and creating capital flows,markets and products.

International organisations and financial institutions, andbig countries need to issue policies to unlock resources and activate new growth driversin terms of digital transformation, green growth and circular economy;diversify markets; and prevent protectionism, with priorities given to poor and developing nations, PM Chinh said.

According to the PM, attention should be paid to taking appropriate solutions topromote the total supply and demand through monetary and fiscal policies, steppingup trade and investment liberalisation, and reducing energy and food prices;not politicising economic relations, and minimising factors that hinder globaldevelopment; early seeking solutions to solve conflicts; and strengtheningpublic-private partnership, and creating favourable conditions for businesses,especially small- and medium-sized enterprises.

PM Chinh also shared Vietnam's experiences and lessons in the fight against the COVID-19 pandemic and in the post-pandemic economic recovery and developmentprocess. Vietnam has continued to focus on implementing three strategicbreakthroughs in terms of infrastructure - institutions - human resources, he said, noting that Vietnam's consistent view is not to sacrifice social equity and security, andenvironmental protection to pursue mere growth.

He pledged that Vietnam will continue creating the most favourableconditions for international and domestic enterprises, and improving itsbusiness investment environment.

The Vietnamese leader suggested countries and internationalorganisations, including the WEF and its members, maintain cooperation with and assistance to Vietnam in terms of technology, finance, human resources training  and modern governance expereinces to help the nation realise its socio-economic development goals.

Acknowledging PM Chinh’s opinions and orientations, WEFPresident Borge Brende said that the international community has recognised Vietnam asone of the countries with high economic growth in the region, which isdeveloping dynamically and has a lot of potential to contribute more and moreto regional and global economic growth.

The AMNC is the WEF's second largest event after the annual meetingin Davos. This year's event has attracted the participation of more than 1,400delegates who are leaders and ministers of 21 countries, and leaders from 850 global corporations,agencies and organisations. Vietnam is one of the five countries invited to attendat the Prime Minister level, along with the prime ministers of China, NewZealand, Mongolia and Barbados./.