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ECONOMY

PM searches for Vietnam’s opportunities in WEF 2019 in Davos

Updated at Wednesday, 23 Jan 2019, 11:56
The Hanoitimes - Vietnam and the World Economic Forum (WEF) are scheduled to sign an agreement on establishing a Fourth Industrial Revolution Center and a Letter of Intent on cooperation in handling plastic waste.
Prime Minister Nguyen Xuan Phuc departed Vietnam on January 22 to attend the 49th annual WEF 2019 meeting in Davos with an intention to promote the country on global scale and facilitate a favorable external environment for higher economic growth this year, the governmental portal reported. 
 
Illustrative photo.
Illustrative photo. Source: Shuttershock. 
At the WEF, the PM is expected to brief on Vietnam’s socio-economic achievements in 2018 and progress in global integration, while sending the message on priorities of the Vietnamese government in 2019, especially when Vietnam has recently enforced the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and is waiting for the passage of the EU – Vietnam Free Trade Agreement (EVFTA). 

Moreover, Vietnam and the WEF are scheduled to sign an agreement establishing a Fourth Industrial Revolution Center and a Letter of Intent on cooperation in handling plastic waste. 

Phuc’s attendance in the WEF 2019 is expected to expand Vietnam’s cooperation with world’s top partners and multinational companies, creating conditions to attract foreign investments and boost exports. 

The WEF meeting will be held on January 22 – 25 and themed “Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”. 

More than 3,000 participants are expected to join the event, including 60 heads of state or government, 40 international organizations and 1,700 business leaders. 


Vietnam achieved a 10-year high GDP growth rate of 7.08% in 2018, joining the group of the world's fastest growing economies. The country sets GDP growth target of 6.6 - 6.8% in 2019. 
Hai Yen
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