Prime Minister Pham Minh Chinh delivered a special speech at the Opening Session of the WEF Dalian together with Chinese Premier Li Qiang and Polish President Andrzej Duda.

According to a special correspondent of Vietnam News Agency, on the morning of June 25, in Dalian, China, the 15th Annual Pioneers Meeting of the World Economic Forum in Dalian (WEF Dalian) opened.

Prime Minister Pham Minh Chinh delivered a special speech at the Plenary Opening Session together with Chinese Premier Li Qiang and Polish President Andrzej Duda.

The 2024 WEF Dalian Conference attracted the largest attendance of the 15 conferences held in China, with more than 1,700 delegates from 80 countries, international organizations, scholars, multinational corporations and WEF innovative startups.

The delegates attending the conference are all pioneers in new innovations, new ideas, new ways of doing things, promoting and developing new economic sectors.

With the theme “New Growth Horizons,” this year’s conference discussed one of the top concerns of governments, international organizations and the business community, which is to overcome limits to growth, seek new growth paths and models and take advantage of new development potentials and opportunities in the context of the world economy undergoing profound changes.

This is the third consecutive time that WEF has invited Prime Minister Pham Minh Chinh to attend the annual conference, not only demonstrating WEF's respect for Vietnam but also WEF's appreciation for Vietnam's role in contributing to discussions on global issues as well as sharing inspirational stories about Innovation, integration and development.

Speaking at the conference, Chinese Prime Minister Li Qiang commented on the role of science, technology and innovation in creating growth momentum and opening up new development spaces.

Prime Minister Li Qiang made four proposals: Strengthening development cooperation and technology sharing in the spirit of win-win; Sustainable development, in harmony with nature, realizing the goals of the Paris Agreement on climate change; Promoting open markets, increasing openness, interaction, breaking down barriers towards new horizons; Inclusive development, mutual benefit; Cooperation in training, improving capacity for workers, meeting market needs.

Premier Li Qiang stressed that China continues to prioritize high-tech development to create new momentum for growth, calling for promoting cooperation between countries, linking research and enhancing science and technology cooperation.

Regarding China's economy, Prime Minister Li Qiang emphasized the role of green industries, new industries, and innovation in China's economy, contributing greatly to China's economic growth (Q1 increased by 5.3%, target for 2024 is 5%).

The Polish President shared the successful formula for turning the Polish economy into a fast-growing economy in the European Union (EU) thanks to infrastructure investment policies, taking advantage of its favorable geographical location as the center of Europe to connect with Asia, promoting economic connectivity between the EU and Asia, including China.

In his introduction to the Vietnamese Prime Minister's speech, WEF Founder and Executive Chairman Klaus Schwab praised Vietnam as a dynamic economy, a beacon of economic development and a growth engine of the region.

Speaking at the opening session, Prime Minister Pham Minh Chinh shared his profound views on the five outstanding characteristics of the world economy, three key factors impacting and influencing the current world, and three pioneering fields shaping the future world.

The Prime Minister emphasized that these issues are of special importance, opening up “new growth horizons,” requiring new thinking, methodologies, and approaches that are global, inclusive, comprehensive, and win-win, for the overall immediate and long-term interests of humanity.

Prime Minister Pham Minh Chinh highly appreciated the leading role of the Chinese economy in global economic growth. As a close neighbor, “mountains connected to mountains,” “rivers connected to rivers,” and jointly building a “Vietnam-China Community of Shared Future of Strategic Significance,” Vietnam is pleased with China’s development and strong rise amid many difficulties and challenges in the world and the region.

“Vietnam believes that China will continue to promote its role, promote new growth drivers; strongly promote multilateralism, strengthen solidarity and international cooperation, maintain a peaceful, stable, cooperative and prosperous environment in the region and the world. A self-reliant, strong, competitive and deeply integrated Chinese economy will bring positive impacts to the world,” the Prime Minister emphasized.

Sharing Vietnam's story, Prime Minister Pham Minh Chinh emphasized that Vietnam's success over the past nearly 40 years is associated with key keywords: Innovation, creativity and integration.

From a country devastated by 30 years of war and embargo, Vietnam has become a middle-income country, among the 40 largest economies in the world.

Vietnam is considered by the international community as a model in healing and restoring the wounds of war, putting the past behind, respecting differences, looking toward the future, turning enemies into friends, and successfully implementing the United Nations Millennium Development Goals.

The achievements have affirmed the correctness of the development policies and viewpoints of the Party and State of Vietnam with 3 foundations, 6 key policies, 3 strategic breakthroughs and a consistent principled viewpoint: Maintaining political stability; taking people as the center, subject, goal, driving force and most important resource of development; not sacrificing progress, social justice, social security and the environment to pursue mere economic growth.

To move towards “New Growth Horizons,” Prime Minister Pham Minh Chinh suggested that all parties work together to build and strengthen trust, promote dialogue, promote the spirit of solidarity, unity, cooperation and development, effectively resolve issues based on the law and ensure harmony of interests among relevant parties; not politicize and discriminate against science, technology, and global innovation.

The Prime Minister suggested that WEF and its partners promote public-private cooperation, promote the role of pioneers in leading and orienting the development and economic restructuring of countries, regions and the world, especially in three important areas.

One is to build and perfect the market economic institution, especially to mobilize and effectively use all resources and improve the effectiveness of national governance.

Second, focus on developing strategic infrastructure systems, especially transport infrastructure, digital infrastructure, climate change response, social infrastructure, healthcare infrastructure, and education.

Third is training and developing human resources, especially high-quality human resources for new growth drivers, digital economy, green economy, and circular economy.

In particular, Vietnam proposes to strengthen international cooperation in policy development, planning and implementation at regional and global levels.

Strengthen cooperation, prioritize growth, coordinate more closely in operating proactive, flexible, timely and effective monetary policies, especially reducing interest rates and stabilizing exchange rates; coordinate synchronously and harmoniously with a reasonable expansionary fiscal policy, taking public investment as the leader of private investment; at the same time strongly promote trade and investment liberalization; thereby contributing to stimulating aggregate demand in the short term and positively impacting aggregate supply in the medium and long term.

At the end of his speech, Prime Minister Pham Minh Chinh proposed implementing “3 together”: Listening and understanding together; sharing vision and action together; working together, enjoying together, winning together and developing together, with the spirit of harmonious benefits, sharing risks, for a better, fair, equal, harmoniously developed and sustainable world; together moving towards “New growth horizons,” new development horizons, for the prosperous and prosperous development of the world, for a happier and better life for all people and for humanity.

At noon on the same day, Prime Minister Pham Minh Chinh attended and spoke at the Inclusive Leaders Discussion Session (IGWEL) on “Cooperation towards economic growth.”

The discussion session was attended by Professor Klaus Schwab, Founder and Executive Chairman of WEF, UN Deputy Secretary-General Amina Mohammed, ministers and senior leaders of corporations and global pioneers who are members of WEF.

Speaking at the discussion session, Prime Minister Pham Minh Chinh stated that in the context of increasing geopolitical and geo-economic divisions, fragmentation, separation, conflicts, and supply chain disruptions; and increasingly severe impacts and influences from natural disasters, epidemics, climate change, and population aging, international cooperation, promoting multilateralism, and promoting the role of the business community are more urgent than ever to achieve the goal of comprehensive, sustainable, and inclusive growth.

The Prime Minister shared lessons learned from Vietnam's macroeconomic management. Vietnam remains a "bright spot" in the global economy, with positive growth momentum, among the region's high growth groups.

To cooperate towards economic growth, Prime Minister Pham Minh Chinh emphasized five priority solutions, including: building and innovating the global economic governance system towards efficiency, transparency and inclusiveness; building a framework for macro-policy coordination; promoting trade and investment liberalization; strengthening cooperation in mobilizing resources for development; focusing on strongly promoting new growth drivers./.