Econ
PM Phuc: Setting businesses at the center of national innovation system
On January 19, at a debate session on the future of production in Davos, Switzerland, Prime Minister Nguyen Xuan Phuc stressed that Vietnam will focus on developing human resources, science and technology in a bid to keep pace with the fourth industrial revolution.
Prime Minister Nguyen Xuan Phuc attended the discussion
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He briefed participants that the country is renewing growth modal and improving growth quality, labour productivity and economic competitiveness while developing sectors with high added value, scientific and technological applications and highly-skilled workers.
He affirmed that businesses are positioned as the central part of Vietnam’s renovation course and the Government will work to spur development, serve the people and businesses, and strive to create a fair and favorable business environment for businesspeople.
Prime Minister Nguyen Xuan Phuc met with delegates to the event
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Up to 110,000 new businesses were set up in 2016, he said, reporting on the country’s 2020 goal of having over 1 million new enterprises and assisting 600 businesses with 2,000 projects in creative start-up with a view to helping businesses’ access to novel technologies. In addition to that, Vietnam will speed up international integration to nurture renovation and creativity.
In 2017, Vietnam will host the APEC Summit under the theme “Creating new driving force for a common future”, which is facilitating discussions on promoting economic linkages and raising competiveness in the digital era and offering a good chance for businesspeople and investors to seek partnerships, he stressed.
The World Economic Forum (WEF) Annual Meeting 2017 started in Davos, Switzerland, on January 17. It brought together 3,000 participants, including 50 State leaders, government officials from 70 countries worldwide, and representatives from international organisations, such as the United Nations and the World Trade Organisation. Lasting through January 20, the meeting consists of 446 sessions, discussing the global matters, such as inclusive growth, the fourth industrial revolution, international cooperation models and immigration.
The same day, Prime Minister Nguyen Xuan Phuc met with President of the World Bank (WB) Jim Yong Kim, Director General of the World Trade Organisation (WTO) Roberto Azevêdo, and Chairman of the Chinese Alibaba Group Jack Ma on the sidelines of the World Economic Forum Annual Meeting in Davos, Switzerland.
At his meeting with the WB President, the PM praised the lender’s role and positive contributions to Vietnam’s socio-economic development. He invited the official to attend the APEC High-level Week 2017 in Vietnam.
Prime Minister Nguyen Xuan Phuc met with WB President Jim Yong Kim
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The WB executive showed his impression at Vietnam’s development over the past years and affirmed that his institution will continuously assist Vietnam in accomplishing its development goals and is ready to participate in activities in the APEC Year 2017.
He expected that Vietnam will work with the lender in rallying additional capital sources. During a reception for the WTO Director General, PM Phuc asserted that Vietnam highly values the multilateral trade system with the WTO playing the key role.
He briefed his guest about Vietnam’s ratification of the amended protocol on the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS) and suggested the organisation support the country in training and enhancing the capacity for implementing the WTO agreements, trade talks and dispute settlements.
Welcoming the Chairman of the Chinese Alibaba group, he affirmed that the economic cooperation between Vietnam and China has grown actively in recent years as the two governments have moved to facilitate their businesspeople to boost partnerships in the fields that bring in mutual benefits.
He hailed the Alibaba and Chairman Jack Ma as a shining example of startup and suggested the executive sharing startup experience and seeking investment cooperation opportunities with Vietnamese partners. Jack Ma said Vietnam is a potential market with young population, noting that his group is devising a cooperation plan, which includes digital technology, with Vietnam.
