Prime Minister receives WTO Director-General

Prime Minister Pham Minh Chinh on May 18 hosted a reception for Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala, who is on a working visit to Vietnam.

Prime Minister receives WTO Director-General hinh anh 1

Prime Minister Pham Minh Chinh (R) shakes hands with Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala. (Photo: VNA)

Prime Minister Pham Minh Chinh on May 18 hosted a reception for Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala, who is on a working visit to Vietnam.

At the meeting, PM Chinh spoke highly of the role and efforts of the WTO Director-General in managing and promoting the organisation’s activities, and congratulated Okonjo-Iweala on her remarkable achievements since she took office in March 2021.

He shared Vietnam’s successes, stressing that the nation is consistent with its foreign policy of independence, self-reliance, peace, friendship, cooperation and development, persification and multilateralisation of relations, and extensive and comprehensive international integration.

According to the PM, after more than 35 years of its renewal (Doi moi), Vietnam's economy reached 409 billion USD, with per capita income increasing to 4,100 USD from 160 USD. Vietnam has been among 20 leading economies in terms of international trade. The country signed about 100 bilateral and multilateral trade agreements and over 60 investment protection and encouragement deals.

As a responsible member of the WTO, Vietnam advocates promoting its active role in the WTO's cooperation frameworks, strives to fulfill its commitments and make positive contributions to issues of common concern of the organisation, he affirmed.

Vietnam has always supported an open, transparent, fair and rules-based multilateral trade system in which the WTO plays a central role in promoting trade and investment, and helping countries effectively respond to challenges, PM Chinh said.

He expressed his hope that the WTO will continue its support for member countries to seize opportunities from shifting trends and reshape supply chains, production, and investment, especially developing and underdeveloped countries.

The government leader suggested the WTO continue to strongly and practically reform itself to affirm its role as a foundation for the transparent and fair multilateral trade system that brings practical benefits to countries, including Vietnam.

Vietnam is willing to share its experience in fulfilling its WTO accession commitments; promoting trade growth, socio-economic development, poverty reduction, and inequality reduction in society, and women's empowerment, he said, adding that the nation is ready to coordinate with other WTO members to contribute practical and effectively to the organisation’s activities in the coming time.

The PM hoped that the Director-General and WTO will continue its cooperation and financial and technical assistance programmes for Vietnam to help the Southeast Asian nation improve the efficiency of international economic integration.

For her part, Okonjo-Iweala congratulated Vietnam on its socio-economic development achievements, saying that the country’s successes have inspired and provided experience for many countries around the world.

While the world economy has faced many difficulties and challenges, Vietnam's economy has been still growing at a relatively high rate because the country has operated financial and monetary policies flexibly and effectively, the WTO Director-General said.

She agreed with PM Chinh’s views on the WTO’s reform as well as strengthening cooperation between the organisation and Vietnam, saying that the WTO wants to cooperate with the country in developing green economy, digital economy, and inclusive economy, and in caring for vulnerable groups, women and children so that no one is left behind./.

en.vietnamplus.vn

Related News

Prime Minister: State-owned enterprises continue to lead, pave the way, and pioneer in innovation

Prime Minister: State-owned enterprises continue to lead, pave the way, and pioneer in innovation

VCN - Appreciating the role of state-owned enterprises (SOEs), the Prime Minister requested to continue promoting their role of paving the way and leading; SOEs need to be a pioneering force, leading in innovation and economic restructuring...
The Prime Minister instructed state-owned enterprises to exceed assigned business targets

The Prime Minister instructed state-owned enterprises to exceed assigned business targets

VCN - Prime Minister Pham Minh Chinh has just signed Directive 07/CT-TTg on innovating governance, improving production and business efficiency and strongly promoting investment and development of corporations and state-owned enterprises (SOEs).
The Sixth IP & Innovation Researchers of Asia Conference held in Viet Nam

The Sixth IP & Innovation Researchers of Asia Conference held in Viet Nam

On 18 and 19 January 2024, Intellectual Property & Innovation Researchers of Asia (IPIRA) Conference held its sixth Conference in Ha Noi, Viet Nam, under the co-organization of the World Intellectual Property Organization (WIPO) Academy, and the World Trade Organization (WTO). The IPIRA Conference is today one of the premiere annual academic gatherings in Asia, attracting a large number of participants. The sixth IPIRA Conference brought together 250 presenters, chairs, policy makers, officials and participants across Asia and the Pacific, Europe, Africa, and the Americas to meet and discuss their works-in-progress.
VAT proposed to reduce in the first half of 2024

VAT proposed to reduce in the first half of 2024

VCN – The Ministry of Finance proposes to reduce 2% VAT for some groups of goods and services that are applied 10% VAT. The effective date is from January 1 to June 30, 2024.

Latest News

Green transformation and ESG practice to participate in the global competition

Green transformation and ESG practice to participate in the global competition

VCN - Vietnam is in a transition period from encouraging to mandating green and sustainable criteria so as not to fall behind or be excluded from the green transformation trend that is taking place strongly around the world.
Factors influencing Vietnam’s FMCG market

Factors influencing Vietnam’s FMCG market

Economic outlook, demographic transformation and changing consumer trends are among macro shifts reshaping Vietnam’s fast-moving consumer goods (FMCG) landscape, according to marketing data and analytics company Kantar Worldpanel.
Shrimp exports to major markets bounce back

Shrimp exports to major markets bounce back

Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
Quang Ninh aims to become international tourism hub

Quang Ninh aims to become international tourism hub

Quang Ninh aims to become an international tourism hub and a world leading destination by 2050 through establishing the brand of Ha Long Bay - Bai Tu Long Bay as a landscape paradise and harmonising the development of economic-social-environmental ecosystems, along with raising the quality of life of local residents to meet international standards.

More News

Measures sought to boost Vietnam - Russia digital economic cooperation

Measures sought to boost Vietnam - Russia digital economic cooperation

The Vietnamese Embassy in Russia organised a seminar on April 19 on prospects for Vietnam-Russia digital economic cooperation, attracting over 100 delegates representing ministries, sectors, research institutes, and business associations of the two countries.
Vietnam becomes biggest rice supplier for Singapore

Vietnam becomes biggest rice supplier for Singapore

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
New fulcrums for economic growth

New fulcrums for economic growth

VCN - According to experts, despite the improvement, Vietnam's economy in 2024 still has potential risks, weighing on growth solutions until the end of the year. Accordingly, the application of science and technology, innovation, and green transformation are considered important factors and new growth drivers for Vietnam.
Opportunity for a high open economy like Vietnam

Opportunity for a high open economy like Vietnam

VCN - According to economic expert Nguyen Bich Lam (photo), in 2024, our country's economy will have bright spots, with opportunities that not every country has to more effectively promote existing dynamics and create new driving forces for development.
Cooperation with Vietnam among EU’s priorities in Indo-Pacific: official

Cooperation with Vietnam among EU’s priorities in Indo-Pacific: official

The Vietnamese Embassy in Belgium - the Vietnamese Delegation to the European Union (EU) held a meeting with the Asia-Oceania Working Party (COASI) of the EU Council on April 17 to update the latter on the country’s socio-economic situation and foreign policy and suggest cooperation areas to be promoted.
Overseas remittances to HCM City record highest increase in three years

Overseas remittances to HCM City record highest increase in three years

Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
Vietnam, UK sign new agreement on illegal migration

Vietnam, UK sign new agreement on illegal migration

Vietnam and the UK signed an agreement to increase cooperation on tackling illegal migration in London on April 17.
Quang Ninh tops country’s public administrative reform index

Quang Ninh tops country’s public administrative reform index

The northeastern province of Quang Ninh again secured its top place in the Public Administrative Reform (PAR) Index ranking in 2023 which was announced by the Government’s Steering Committee for Administrative Reform on April 17.
Government urged to probe gold traders to prevent possible market manipulation

Government urged to probe gold traders to prevent possible market manipulation

The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
Read More

Your care

Latest Most read
Green transformation and ESG practice to participate in the global competition

Green transformation and ESG practice to participate in the global competition

Vietnam is in a transition period from encouraging to mandating green and sustainable criteria so as not to fall behind or be excluded from the green transformation trend
Factors influencing Vietnam’s FMCG market

Factors influencing Vietnam’s FMCG market

Economic outlook, demographic transformation and changing consumer trends are among macro shifts reshaping Vietnam’s fast-moving consumer goods (FMCG) landscape, according to marketing data and analytics company Kantar Worldpanel.
Shrimp exports to major markets bounce back

Shrimp exports to major markets bounce back

Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
Quang Ninh aims to become international tourism hub

Quang Ninh aims to become international tourism hub

Quang Ninh aims to become an international tourism hub and a world leading destination by 2050 through establishing the brand of Ha Long Bay - Bai Tu Long Bay as a landscape paradise and harmonising the development of economic-social-environmental ecosystems, along with raising the quality of life of local residents to meet international standards.
Measures sought to boost Vietnam - Russia digital economic cooperation

Measures sought to boost Vietnam - Russia digital economic cooperation

The Vietnamese Embassy in Russia organised a seminar on April 19 on prospects for Vietnam-Russia digital economic cooperation, attracting over 100 delegates representing ministries, sectors, research institutes, and business associations of the two countries.
Mobile Version