Vietnam’s Deputy Prime Minister Nguyễn Văn Thắng has emphasized the need for increased backing from the World Trade Organization (WTO) and the World Economic Forum (WEF) to enhance the nation’s trade, investment, and long-term economic growth. During discussions held in Switzerland, Thắng reiterated Vietnam’s dedication to a global trading system based on rules and urged the WTO to expedite its reforms. He underscored the importance of reviving its dispute settlement mechanism and broadening its focus to include emerging areas such as digital trade, artificial intelligence, climate change, and supply chain resilience.
Thắng outlined Vietnam’s ambition to become a high-income economy by the year 2045, encouraging the WEF to intensify collaboration by fostering investment, innovation, public-private partnerships, and the establishment of international financial centers. The Deputy Prime Minister’s statements reflect Vietnam’s strategic vision for economic advancement and its desire to position itself as a key player in the global market.
Officials from both the WTO and the WEF responded positively to Vietnam’s ongoing economic reforms. They expressed their commitment to maintaining collaboration on initiatives related to trade, investment, and capacity-building. This commitment highlights the international community’s recognition of Vietnam’s efforts and potential in contributing to global economic developments.
The call for stronger support from international organizations aligns with Vietnam’s broader economic goals and its pursuit of sustainable development. By advocating for reform and cooperation in emerging sectors, Vietnam seeks to ensure its economic policies are aligned with global trends, allowing it to effectively navigate the challenges and opportunities of the modern economic landscape.