14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM
Log in
Business

PM outlines key factors for ASEAN’s success in smart era

The Vietnamese Prime Minister stressed that the bloc must enter this new era with ambition and a mindset of "thinking big, acting boldly."

Prime Minister Pham Minh Chinh highlighted six key factors for  ASEAN to ensure success in the smart era during a discussion at the World Economic Forum (WEF) in Switzerland.

 Prime Minister Pham Minh Chinh at the session. Photos: VNA

The Prime Minister shared his view during the session "ASEAN: Connected for Greater Growth," moderated by WEF President Borge Brende on January 22.

Speakers at the event highlighted the opportunity for  ASEAN to take the lead in the transition to the smart era by tapping into the region’s strong entrepreneurial and innovative spirit, particularly among its younger generation.

Speaking as the leader of ASEAN’s fastest-growing economy, the Vietnamese Prime Minister stressed that the bloc must enter this new era with ambition and a mindset of "thinking big, acting boldly."

He underscored that science, technology, innovation, and digital transformation should serve as the primary drivers of ASEAN’s economic breakthroughs. To succeed, ASEAN must ensure political and security stability, maintain peace, and prevent conflicts, Chinh said.

In addition, Chinh said that the region's economic development must be both rapid and sustainable, while its cultural landscape should balance unity and diversity, fostering a common  ASEAN identity while preserving the heritage of individual member states. Environmental sustainability is another critical factor, and responsible resource management is essential for future generations. Social progress must be inclusive, ensuring equity and that no one is left behind. Finally, ASEAN must enhance its regional and global connectivity, deepening cooperation both within the bloc and with international partners.

Chinh reaffirmed Vietnam’s commitment to developing science, technology, innovation, and digital transformation, structured around three strategic priorities: institutional reform, infrastructure development, and human capital investment.

 Overview of the session. 

According to Chinh, Vietnam has issued Resolution 57 to achieve breakthroughs in these areas, alongside a legal framework to support the national innovation ecosystem. The country will also strengthen its digital infrastructure, focusing on big data as a key driver of economic growth. Additionally, Vietnam is preparing a highly skilled workforce, particularly in emerging industries such as green transformation, digital economy, and knowledge-based sectors, leveraging its strengths in mathematics and logical thinking.

The Prime Minister called for greater regional and global collaboration, emphasizing the need for ASEAN to strengthen its internal connections while engaging more effectively with international partners. On the issue of Myanmar, he expressed confidence that ASEAN would play a crucial role in restoring peace, stability, and well-being for its people.

The session also featured Malaysian Prime Minister Anwar Ibrahim, Bangladesh's interim Prime Minister Muhammad Yunus, and UN Special Envoy for Myanmar Julie Bishop. Anwar Ibrahim outlined three key priorities for Malaysia’s ASEAN Chairmanship in 2025, focusing on ensuring energy security through green and alternative energy sources, enhancing ASEAN connectivity by leveraging artificial intelligence and climate change adaptation, and deepening regional integration.

This discussion marked Chinh’s last engagement at the 55th WEF Annual Meeting. Later that evening, he and his spouse left  Switzerland, concluding his European diplomatic tour.

Reactions:
Share:
Trending
Most Viewed
Related news
Online retail sales in Vietnam top US$16 billion

Online retail sales in Vietnam top US$16 billion

Vietnamese consumers purchased more than 3.6 billion products on Shopee, Lazada, Tiki and TikTok Shop in 2025, up more than 15% on year.

Dutch chip giant ASML eyes Vietnam expansion as semiconductor ambitions accelerate

Dutch chip giant ASML eyes Vietnam expansion as semiconductor ambitions accelerate

Vietnam’s plan to build a high-value semiconductor ecosystem is drawing attention from Dutch giant ASML, one of the world’s most critical chip equipment suppliers, signaling rising confidence in the country’s technology-led growth strategy.

Capital calls on enterprises to lead innovation push for double-digit growth

Capital calls on enterprises to lead innovation push for double-digit growth

Hanoi leaders are urging enterprises to accelerate innovation, digital transformation, and green growth as the capital targets GRDP growth of at least 11% in 2026, laying the foundation for sustained double-digit expansion through 2030.

Vietnam tipped as Asia’s growth champion in 2025: HSBC

Vietnam tipped as Asia’s growth champion in 2025: HSBC

For 2026, HSBC forecasts Vietnam’s GDP growth at 6.7%, supported by faster public investment and the resilience of exports.

Hanoi ramps up essential goods reserves to stabilize prices for Tet 2026

Hanoi ramps up essential goods reserves to stabilize prices for Tet 2026

Demand for essential goods in Hanoi is expected to rise sharply ahead of the 2026 Lunar New Year, prompting authorities to require higher inventories, strengthen supply linkages and tighten oversight to prevent shortages and price spikes during the holiday period.

FPT opens Israel office, deepening global technology expansion and strategic innovation ties

FPT opens Israel office, deepening global technology expansion and strategic innovation ties

FPT Group continues its international expansion with a new office in Tel Aviv, targeting collaboration in artificial intelligence, cybersecurity and semiconductors.

EuroCham's business confidence its seven-year high as Vietnamese economy's outlook strengthens

EuroCham's business confidence its seven-year high as Vietnamese economy's outlook strengthens

European business confidence in Vietnam surged in late 2025, with EuroCham’s Business Confidence Index reaching its highest level in seven years, reflecting stronger performance, improving outlooks and sustained optimism despite global uncertainties.

High-tech industries to make up over 70% of Hanoi’s key industrial output

High-tech industries to make up over 70% of Hanoi’s key industrial output

Hanoi plans to develop 30-40 key industrial products in 2026 as part of a broader push to strengthen its manufacturing base and boost export capacity.