The Government News quoted Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), as stating during the meeting with PM Pham Minh Chinh on the sidelines of the WEF Annual Meeting of the New Champions in Dalian City, China's Liaoning province, on June 26 that “the World Economic Forum (WEF) describes Vietnam as a model of a robust developing economy that effectively optimizes the opportunities of the Fourth Industrial Revolution.”

During the meeting, the Vietnamese PM hailed the success of this year's WEF meeting themed 'Next Frontiers for Growth', which has inspired nations and businesses to continue innovation and collaboration to build the future economy.

Prof. Schwab, for his part, expressed his impression of the Prime Minister's messages during the plenary session of the 2024 WEF Annual Meeting of the New Champions and his sincere and open exchanges with WEF's top CEOs.

He added that WEF and its member business giants greatly upbeat about Vietnam's prospects, investment environment, business climate and outstanding economic achievements.

The two sides were pleased to witness the significant developments in the cooperation between Vietnam and the WEF in recent times, especially the signing of the Memorandum of Understanding (MoU) for the 2023-2026 period last year at the WEF's summer meeting in Tianjin, China.

Both sides agreed to effectively implement the MoU and coordinate to turn the Ho Chi Minh City Center for the Fourth Industrial Revolution into a leading regional hub.

The WEF welcomed Vietnam's participation in the WEF's Center for Fourth Industrial Revolution (C4IR) and regarded this as an opportunity for Vietnam not only to share technological knowledge, but also to enhance cooperation in science, technology, and innovation.

Prof. Schwab also extended a formal invitation to Prime Minister Pham to attend the WEF Annual Meeting in Davos in 2025.