Vietnam is seeking enhanced support from the World Trade Organization (WTO) and the World Economic Forum (WEF) to boost its trade, investment, and long-term economic growth, according to Deputy Prime Minister Nguyễn Văn Thắng. During his meetings in Switzerland, Thắng emphasized Vietnam’s dedication to a global trading system grounded in rules and called upon the WTO to expedite reforms. He also urged the restoration of the dispute settlement mechanism and an increased focus on new areas such as digital trade, artificial intelligence, climate change, and supply chain resilience.
Thắng outlined Vietnam’s ambition to achieve high-income status by 2045 and invited the WEF to enhance cooperation through the promotion of investment and innovation. He also highlighted the importance of public-private partnerships and the establishment of international financial centers. These steps, he argued, are essential for Vietnam to sustain its economic momentum and reach its developmental goals.
The Deputy Prime Minister’s appeal to the WTO and WEF underscores Vietnam’s commitment to integrating more deeply into the global economy. By aligning with these international organizations, Vietnam aims to solidify its economic reforms and build a resilient economy capable of navigating future challenges. Thắng’s statements reflect a strategic approach to position Vietnam as a key player on the global economic stage.
Officials from the WTO and WEF responded positively to Vietnam’s reform efforts, pledging to maintain their support for the country’s trade, investment, and capacity-building initiatives. Their continued collaboration is expected to facilitate Vietnam’s integration into the global market while addressing critical areas such as innovation and sustainability.