This message was stated by Prime Minister Pham Minh Chinh at the seminar Vietnam – ASEAN’s leading destination for sustainable investment, Attendees at the World Economic Forum (WEF) Davos 2024, Switzerland, January 17.

The Prime Minister said that in the difficult context, in 2023 Vietnam will still maintain macroeconomic stability, control inflation, and promote growth. Large balances, public debt, Government debt, foreign debt and overspending are under control and below the ceiling allowed by the National Assembly. Policies are guaranteed to be clear, infrastructure is smooth, and management is smart.

“Even though the world is in turmoil, we still persist in these policies, in the spirit of harmonizing the interests of the State, people and businesses, and sharing when there are risks. This is the greatest balance,” the Prime Minister said.

According to him, if this balance is not maintained, the cooperative structure will break down, unable to ensure sustainable and effective cooperation.

Prime Minister Pham Minh Chinh chaired the discussion “Vietnam – ASEAN’s leading destination for sustainable investment”, in Davos (Switzerland), January 17. Image: Nhat Bac

Mr. Don Lam, General Director of VinaCapital, assessed that the Vietnamese Government has created a safe and sustainable investment environment by becoming one of the most attractive destinations in the region and globally. “Vietnam will certainly play a more important role in the global supply chain,” VinaCapital General Director commented.

Abundant and high-quality human resources are the factors that, according to investors, “attract” them to Vietnam. CEO of Baracoda Group (France) Thomas Serva said this business wants to participate in building innovation centers and developing artificial intelligence in Vietnam.

Mr. Philipp Rösler, former Deputy Prime Minister of Germany and VinaCapital General Director Don Lam at the discussion on January 17. Image: Nhat Bac

However, Prime Minister Pham Minh Chinh said that Vietnam is a developing country, the economy is in transition, the scale is still modest, the resilience is limited but the openness is large. “A small fluctuation on the outside can have a big impact on the inside, so the economy needs state regulation when necessary,” the Prime Minister said.

In the coming time, the Government will promote three strategic breakthroughs, including infrastructure, high-quality human resource training and institutional improvement. At the same time, Vietnam will have priority policies in areas such as digital transformation, science and technology, and artificial intelligence.

He reiterated the view that Vietnam does not sacrifice progress, social justice, social security, and the environment to pursue simple economic growth. People are identified as the most important subject and resource in Vietnam’s policies, according to the Prime Minister.

Prime Minister Pham Minh Chinh is attending the 54th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, from January 16 to 18. WEF often attracts the participation of leaders of most countries, international organizations as well as the world’s leading corporations and companies. Vietnam and WEF have had relations since 1. This organization often invites Vietnam to attend annual conferences in Davos and WEF conferences on East Asia.

Source: VnExpress
18/1/2024