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Vietnam joins G20 in development agenda

ASEAN, as well as Vietnam, is ready to cooperate with the Group of Twenty (G20) to carry out the development agenda, affirmed Prime Minister Nguyen Tan Dung.
ASEAN, as well as Vietnam, is ready to cooperate with the Group ofTwenty (G20) to carry out the development agenda, affirmed PrimeMinister Nguyen Tan Dung.

PM Dung made thestatement while addressing the theme on the global economy and frameworkfor strong, sustainable and balanced growth, at the G20 Seoul Summit inthe Republic of Korea (RoK) on Nov. 12.

PMDung held up the first-ever policy combination at regional and globallevels under the guidance of G20 as the most important reason to helpthe global economy quickly recover.

He proposed theG20 consider the establishment of a pilot policy consultation mechanismwith a number of regional organizations, including ASEAN, to exchangeinformation and views on regional and global financial and economicissues and jointly implement G20’s important decisions.

PM Dung hailed G20 economies, especially its host, for bringingdevelopment issues into the agenda of the G20 Seoul Summit.

He proposed the G20 continue prioritising development issues in itsfuture summit agendas and take measures to assist developing nations,especially those that have entered the middle-income category, to helpthem not fall back to the low-income category.

Hesuggested G20 think about the establishment of a G20 knowledge sharingnetwork with the participation of G20 member and non-member countries.

On the theme of climate change and green development,PM Dung also proposed G20 nations do their best to reach aninternational agreement on coping with global climate change after 2012,at the 16 th Conference of the Parties to the Kyoto Protocol inCancun , Mexico , in late November 2010.

The PMput forward two initiatives to the G20 to set up a special fund toassist countries severely affected by climate change and hold a nationalcoastal forum on climate change and marine ecological environmentalprotection.

He highlighted the result of theInternational Development Association’s activities to assist poor anddeveloping nations and recommended G20 nations continue financing theIDA’s 16 th action programme.

According to Vietnam’s initiative reached at the meeting between the Vietnamese and DutchPMs at the G20 Toronto Summit in Canada last June, the twocountries’ agencies have jointly finalized the Vietnam-Netherlandscommon view document on the G20’s important issues, includingdevelopment issues, climate change and green development.

Vietnam , as ASEAN Chair in 2010, has collaborated with otherASEAN nations to compile the ASEAN common view document on G20 issuesthat have been sent to participating countries and internationalorganizations.

The G20 Summit draws theparticipation of 34 delegation heads, including leaders of G20economies, five government leaders of invited nations, and nine chiefsof international organisations.

Themed, “Shared GrowthBeyond the Crisis”, the meeting discussed the world economy andframework for strong, sustainable and balanced growth; developmentissues; trade; reforms of international institutions and safe globalfinancial networks; financial regulation reforms; climate change andgreen growth.

In the context of certain difficulties andchallenges, participating economies made efforts to produce importantresults, including the approval of the Seoul Consensus for Shared Growthand its Multi-Year Action Plan on Development.

Theconsensus indentified nine key pillars, including infrastructure, humanresource development, trade, private investment and job creation, foodsecurity, growth with resilience, financial inclusion, domestic resourcemobilisation and knowledge sharing.

Besides supportingless developed and low-income countries, following proposals ofVietnam and several developing countries, G20 also recognised thenecessity of assisting developing countries in general.

The meeting reiterated its commitment to soon complete the Doha negotiations and end trade protection.

Manycountries backed the Republic of Korea ’s initiative on setting up anetwork of global financial safety, which will be implemented at the2011 G20 Summit in France .

On the sidelines of the G20 Summit, the G20 Business Summit took place with the participation of 120 leading enterprises.

On the evening of Nov. 12, PM Dung and his entourage left Seoul toconclude their attendance at the G20 Summit at the invitation of RoKPresident Lee Myung-Bak./.

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