Vietnam, WEF sign first PPP agreement

PM Nguyen Xuan Phuc meets World Economic Forum (WEF) President Klause Schwab, Davos, Switzerland, January 18, 2017 - Photo: VNA

Accordingly, the WEF will help Viet Nam connect with leading business and professional networks, coordinate with Viet Nam in researches and policy consultancy in such areas as economic restructuring, high-tech agriculture, national competitiveness and climate change adaption.

The Vietnamese high-ranking delegation, led by PM Nguyen Xuan Phuc, started joining activities of the 47th World Economic Forum (WEF) Meeting in Davos from January 17-21.

The PM held bilateral meetings with Austrian PM Christian Kern, WEF President Klaus Schwab, President of the Asian Development Bank (ADB) Tahehiko Nakao and Microsoft's President Bradford Smith as well as attended dialogues with large corporations and met with press agencies.

At the meeting with the Austrian counterpart, the two sides highly valued the developments in the two nations’ relationship and agreed to launch activities to celebrate the 45th anniversary of diplomatic ties and soon organize the meeting of the Inter-Governmental Committee on economic and trade cooperation.

PM Phuc suggested Austria recognize Viet Nam as a market economy, urge the EU to officially approve and sign the EU-Viet Nam Free Trade Agreement and advocate Viet Nam's bid to run for a non-permanent membership of the United Nations Security Council.

At the meeting with the WEF President, the PM proposed the WEF continue organizing the WEF Mekong Conference, support Viet Nam to connect with top corporations and professionals, consult policies in the national competitiveness and develop high technology.

The WEF President praised the role and development potentials of Viet Nam, expecting to strengthen cooperation with Viet Nam in form of PPP.

PM Phuc and ADB President Tahehiko Nakao consented to realize projects in fields of infrastructure, climate change, economic restructuring, poverty reduction in the 2016-2020 period, coordination with nations in the Greater Mekong Sub-region (GMS) for the sixth meeting of the Working Group on the GMS in Viet Nam.

The Vietnamese leader invited the ADB leaders to attend the APEC High-level Week in November 2017 in the central city of Da Nang.

The ADB leader expressed his hope to implement long-term cooperative strategy with Viet Nam, committed to granting preferential credits for Viet Nam till 2019 and assisting the nation in realizing projects in the framework of the GMS.

At the reception with Microsoft's President Bradford Smith, the PM suggested the corporation pouring more investment in Viet Nam, inviting the president to join the APEC High-level Week in November in 2017.

For his side, the Microsoft's President expected to enhance cooperation with Viet Nam in terms of cyber security, human resource training and software development.