As reported, Prime Minister Pham Minh Chinh will attend the 54th Annual Meeting of the World Economic Forum (WEF-54) in to Davos, Switzerland and pay official visit to to Hungary and Romania from January 16-21.

Busy agenda at WEF-54

Under the motto: "Rebuilding Trust", the WEF-54 will take place from January 15-19, marking the largest gathering since the onset of the COVID-19 pandemic.

The forum attracts nearly 100 senior leaders from countries and international organizations, around 3,000 executives from global corporations and businesses to share ideas, engage in compelling discussions on the prospects of the world economy, explore new trends, and envision global development.

Deputy Foreign Minister Nguyen Minh Hang said that the forum provides a crucial opportunity for Viet Nam to showcase its achievements, development directions and strategies, and foreign policy, delivering a message about a dynamic and innovative Viet Nam as an attractive destination for global corporations.

Prime Minister’s attendance at the meeting, along with his sharings and proposals on the global development situation, solutions to stimulate growth and address emerging challenges, will further affirm Viet Nam's responsible and effective contributions to peace, development and common concerns, thereby spurring the country's position and reputation on the international stage, particularly within the global business community.

The meeting will also offer an opportunity for Viet Nam to enhance exchanges and promote cooperation with Switzerland, other partners and international organizations across various sectors, especially in economy, trade and investment in accordance to the foreign policy set by the 13th National Party Congress, she added.

Prime Minister Pham is expected to engage in a busy agenda, including delivering speeches at major sessions, chairing dialogues with executives of global corporations, and having bilateral meetings with leaders of countries, international organizations and businesses.

Especially, he will share experience in macroeconomic management, and Viet Nam's readiness to attract investment, especially in priority areas such high technology, research and development, green transition, digital transformation and circular economy.

The Deputy Foreign Minister said that the Vietnamese delegation will engage in discussions and propose directions to leverage the potentials, strengths and central role of ASEAN and Viet Nam in promoting growth, consolidating trade and investment linkages, global supply and value chains. This effort targets to serve for economic recovery and resilience of the global economy.

Boosting ties with two traditional partners

Following his tour to Davos, Prime Minister Pham Minh Chinh will pay official visits to Hungary and Romania at the invitations of Hungarian Prime Minister Viktor Orbán and Romanian Prime Minister Marcel Ciolacu.

These are the first delegation exchanges at the Prime Minister level between Viet Nam and Hungary in the past seven years and between Viet Nam and Romania in the last five years.

During the visits, Prime Minister Pham will meet with senior leaders of Hungary and Romania, visit localities, universities, research centers, businesses, Viet Nam’s friendship associations with Hungary and Romania, and the Vietnamese communities in the two nations.

The visits will contribute to further consolidating political trust, strengthening the traditional friendship and mutual support between Viet Nam and the two countries; bringing traditional areas of cooperation such as economy, trade, labor, culture, education and human resource training to a new stage to meet the development requirements of each country.

In addition, the visits are expected to promote linkages in potential and strong fields such as science and technology, information and communication, pharmaceuticals and innovation; and further tightene the friendship between the people of Viet Nam and those of Hungary and Romania.

Hungary and Romania were two of the first 10 countries in the world to recognize and establish diplomatic relations with Viet Nam after it gained independence.

Looking back on the past over 70 years, the Governments and people of the two countries have always given Viet Nam great affection and support in the past fight for independence and national reunification, as well as in innovation and socio-economic development at present.

During the COVID-19 pandemic when Viet Nam was facing the most difficulties, Hungary and Romania were the first countries to provide Viet Nam with hundreds of thousands of vaccine doses and medical equipment, helping the country overcome the epidemic soon and open the doors for economic recovery.

Hungary and Romania have also actively supported Viet Nam in the comprehensive partnership and cooperation between Viet Nam and the European Union (EU), especially in the process of negotiating, signing and ratifying the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Viet Nam Investment Protection Agreement (EVIPA).

Romania has made every effort to accelerate the signing of the EVFTA on the last day of its rotating EU presidency. Hungary was the first EU member state to ratify the EVIPA./. VGP