Prime Minister meets with int’l finance and business executives
Prime Minister Nguyen Xuan Phuc met with WB President Jim Yong Kim, WTO Director General Roberto Azevêdo and Chairman of the Chinese Alibaba Group Jack Ma in Davos on January 19.
Prime Minister Nguyen Xuan Phuc (L) meets with WB President Jim Yong Kim on January 19 (Photo: VNA)
Davos (VNA) – Prime Minister Nguyen Xuan Phuc met with President ofthe World Bank (WB) Jim Yong Kim, Director General of the World TradeOrganisation (WTO) Roberto Azevêdo, and Chairman of the Chinese Alibaba GroupJack Ma on the sidelines of the World Economic Forum Annual Meeting in Davos,Switzerland, on January 19.
At his meeting with the WB President, the PM praised the lender’s role andpositive contributions to Vietnam’s socio-economic development. He invited theofficial to attend the APEC High-level Week 2017 in Vietnam.
The WB executive showed his impression at Vietnam’s development over the pastyears and affirmed that his institution will continuously assist Vietnam inaccomplishing its development goals and is ready to participate in activitiesin the APEC Year 2017.
He expected thatVietnam will work with the lender in rallying additional capital sources.
During a reception for the WTO Director General, PM Phuc asserted that Vietnam highlyvalues the multilateral trade system with the WTO playing the key role.
He briefed his guest about Vietnam’s ratification of the amended protocol onthe Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS)and suggested the organisation support the country in training and enhancingthe capacity for implementing the WTO agreements, trade talks and disputesettlements.
Prime Minister Nguyen Xuan Phuc (L) meets Alibaba Chairman Jack Ma in Davos (Photo: VNA)
Welcoming the Chairmanof the Chinese Alibaba group, he affirmed that the economic cooperation betweenVietnam and China has grown actively in recent years as the two governmentshave moved to facilitate their businesspeople to boost partnerships in thefields that bring in mutual benefits.
He hailed the Alibaba and Chairman Jack Ma as a shining example of startup andsuggested the executive sharing startup experience and seeking investmentcooperation opportunities with Vietnamese partners.
Jack Ma said Vietnam is a potential market with young population, noting thathis group is devising a cooperation plan, which includes digital technology,with Vietnam.-VNA
PM Nguyen Xuan Phuc’s attendance of the annual meeting of the World Economic Forum in Davos will highlight Vietnam’s determination to promote comprehensive reform and international integration.
Vietnam is focusing on completing economic reforms and building a consistent, synchronous and modern administrative regime to enhance governance efficiency, said Prime Minister Nguyen Xuan Phuc.
Prime Minister Nguyen Xuan Phuc particpated in activities on the sidelines of the 47th annual meeting of the World Economic Forum (WEF) in Davos city, Switzerland on January 18.
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam always welcomes international media to the country to cover its development and global integration.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Prime Minister Nguyen Xuan Phuc (L) meets with WB President Jim Yong Kim on January 19 (Photo: VNA) 
Prime Minister Nguyen Xuan Phuc (L) meets Alibaba Chairman Jack Ma in Davos (Photo: VNA) 
