PM Nguyen Xuan Phuc (L) and  President of the World Bank (WB) Jim Yong Kim, Davos, January 19, 2017

At his meeting with the WB President, the PM praised the lender’s role and positive contributions to Vietnam’s socio-economic development. He invited the President to partake in the APEC High-level Week 2017 in Vietnam.

The WB executive expressed his impression at Vietnam’s development over the past years and affirmed that the lender will continuously assist Vietnam in fulfilling its development goals and is ready to participate in activities in the APEC Year 2017.

The same day, during a reception for the WTO Director General, PM Phuc asserted that Vietnam highly values the multilateral trade system with the WTO playing the key role.

The Government leader briefed his guest about Vietnam’s ratification of the amended protocol on the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS) and suggested the organization support the country in training and enhancing the capacity for implementing the WTO agreements, trade talks and dispute settlements.

PM Phuc also received Chairman of the Chinese Alibaba group Jack Ma  in which he affirmed that the economic cooperation between Vietnam and China has grown actively in recent years as the two governments have moved to facilitate their businesspeople to boost partnerships in the fields that bring in mutual benefits.

He hailed the Alibaba and Chairman Jack Ma as a shining example of startup and suggested the executive sharing startup experience and seeking investment cooperation opportunities with Vietnamese partners.

In return, Mr. Jack Ma said Vietnam is a potential market with young population, noting that his group is devising a cooperation plan, which includes digital technology, with Vietnam.