During key discussions in Switzerland, Vietnam’s Deputy Prime Minister Nguyễn Văn Thắng emphasized the need for enhanced support from the World Trade Organization (WTO) and the World Economic Forum (WEF) to bolster the country’s trade, investment, and sustainable economic growth. His call to action underscores Vietnam’s dedication to engaging actively within a rules-based global trading system.
Thắng urged the WTO to expedite its reform processes, particularly highlighting the necessity to reinstate its dispute settlement mechanism. He also advocated for the organization to broaden its scope to address emerging global issues such as digital trade, artificial intelligence, climate change, and supply chain resilience, reflecting Vietnam’s proactive stance in these critical areas.
In his statements, Thắng reiterated Vietnam’s ambition to achieve a high-income economic status by the year 2045, setting a clear long-term vision for the nation. He invited the WEF to enhance its cooperation with Vietnam by fostering investment, encouraging innovation, supporting public-private partnerships, and aiding in the establishment of international financial hubs.
Both WTO and WEF officials responded positively to Vietnam’s ongoing economic reforms, committing to continued collaboration in areas of trade, investment, and capacity-building endeavors. Their support reflects an international endorsement of Vietnam’s strategic economic goals and reformative measures.