Davos (VNA) – Impacts of the fourth industrialrevolution on governments, businesses and people were highlighted by PrimeMinister Nguyen Xuan Phuc when he attended a session as part of the WorldEconomic Forum Annual Meeting in Davos, Switzerland.

The session on January 20 morning (local time)focused on the governance in the fourth industrial revolution.

PM Phuc said governments should fine-tune institutions,regulations and policies to meet the development requirements brought about bythe fourth industrial revolution. They also need to make use of therevolution’s opportunities to solve global issues such as developing new energysources, water resources security, sustainable organic agriculture, andresponding to natural disasters, epidemics and climate change.

Vietnam is pushing forward with start-up andinnovation facilitation policies, obstacle removal, IT application ande-Government building, he noted.

At a meeting with Ukrainian President PetroPoroshenko, PM Phuc said the two countries should enhance cooperation ineconomics, trade, education-training, science-technology and culture. He askedUkraine to continue providing favourable conditions for Vietnamese people inthe country who in turn will help to reinforce bilateral ties.

President Poroshenko said the countries’time-honoured relations need to be strengthened, adding that there remain hugecooperation potential and Ukraine is willing to boost partnership in suchspheres as economics, trade, tourism and defence.


Meanwhile, the Vietnamese leader spoke highly ofStandard Chartered’s operations in Vietnam while meeting with the bank’sChairman Jose Vinals. He asked the firm to share experience with and assistcommercial banks of Vietnam to expand operations in global markets.

Vinals said Standard Chartered pledges long-termpresence in the Southeast Asian nation and will help the country developfinancial and banking systems, attract investment and access internationalsources of capital.


At another meeting with Facebook COO SherylSandberg, PM Phuc called on Facebook to foster cooperation in IT development inVietnam, particularly in promoting start-ups and assisting small and mediumenterprises (SMEs) to access information and expand operations via socialnetworks.

He also invited Facebook representatives to attend the APEC CEO Summit, slatedfor this November in Vietnam.

For her part, Sandberg noted Facebook is workingclosely with Vietnam in image promotion projects to ensure the success of APECVietnam 2017. She also underlined her wish to help SMEs to do business viaFacebook, adding that the social network is coordinating with the VietnamChamber of Commerce and Industry to carry out assistance. About 78 percent ofVietnam’s SMEs are using Facebook’s services for business activities.

Also on January 20, the Government leader ofVietnam met President of CNN International Commercial Rani R. Raad, welcomingCNN as well as other foreign media outlets coming to Vietnam to report on thecountry’s situation and popularise image of its land and people. The country isalso open to CNN and international media to report on important APEC activitiesin 2017.

Raad said CNN attaches importance to relationswith Vietnam, noting that its cooperation with Vietnamese ministries, sectorsand localities is growing.

He affirmed more and more information about the country will be presented onthe channels, websites and fan pages of CNN, which also wants to update APEC activitiesin Vietnam this year.-VNA