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WEF on East Asia 2010 opens in HCM City

VGP - The World Economic Forum (WEF) on East Asia 2010 opened this morning in Hồ Chí Minh City with the participation of 450 delegates, including many national leaders, government and corporate officials, and scholars around the world.

June 06, 2010 9:40 AM GMT+7

PM Nguyễn Tấn Dũng is making the opening speech to the World Economic Forum (WEF) on East Asia 2010, Hồ Chí Minh City, June 6, 2010  – Photo: VGP/Nhật Bắc
Delivering the opening speech, PM Nguyễn Tấn Dũng stated that the forum’s theme “Raising the Leadership Role of Asia” is very suitable to the current context of the region. East Asian economies have coped with the global crisis fairly effectively, and are recovering at the fastest pace, and functioning as the driving force for the world economy’s growth, he said.

Amid the crisis, regional cooperation in East Asia has been expanded through many mechanisms. ASEAN always proves its central role, status and makes contribution to the construction of regional and inter-regional institutions in East Asia and the Asia-Pacific.

Three big questions for East Asia

Stating that East Asian economies should reconsider their targets and priorities for the post-crisis period, PM Nguyễn Tấn Dũng raised three big questions for them to answer in order to further develop and play a bigger global role.

First, at national scale, what adjustments should be made for the current development model to maintain rapid and sustainable economic growth?

Second, at regional scale, how regional linkages should be enhanced to effectively support economic development and lay the foundation for East Asia’s increasingly bigger role in the world.

Third, at global scale, what role and responsibility East Asia should undertake for common issues of the world.

To play a more important role in the global economic and political system, each member of the East Asian community should enhance their leadership and act timely and smartly, first of all at national and regional levels, said PM Dũng.

“We have made important progresses, but the road ahead is still long and with a lot of difficulties and challenges which require new approaches, creativeness and breakthroughs in thinking,” the Vietnamese PM said. He stressed that, as the host country of the event, Việt Nam hopes that the WEF East Asia 2010 will bring out many initiatives and create a new springboard for sustainable development in the region.

The WEF on East Asia 2010 has four key topics for discussions: the leadership of Asia, global risks, green growth programs, and future growth programs.

By Ngọc Vân