Brian Jeffrey
On January 21, Prime Minister Pham Minh Chinh took part in a special discussion named “Breakthrough to the Future: Vietnam’s Vision for Innovation and Its Global Role” during the World Economic Forum (WEF) in Davos 2025.
The session, moderated by Financial Times editor Gillian Tett, explored Vietnam’s development strategies and its foreign relations with major powers.
When questioned about balancing ties with the U.S. and China amidst their rivalry, the Prime Minister reaffirmed Vietnam’s ongoing commitment to a foreign policy centered on independence and self-sufficiency.
He reiterated Vietnam’s dedication to multilateralism and diversification, positioning the country as a trustworthy partner and responsible global citizen, focused on fostering peace, stability, cooperation, and development.
In addressing worries over the trade surplus with the U.S., the Prime Minister expressed Vietnam’s readiness to engage in discussions, respond to concerns, and enhance imports and partnerships in sectors where the U.S. excels and Vietnam has specific needs, like aviation and advanced technology.
He highlighted the significance of mutual advantages and shared responsibilities, quoting President Ho Chi Minh: “Nothing is difficult if one has determination. Mountains can be moved, seas can be filled, and success will come with perseverance.”
Responding to a question about interactions with former U.S. President Donald Trump’s administration, the Prime Minister noted that General Secretary To Lam had direct talks with President Trump.
While certain discussions remain private, others have been made public.
In a light moment, Gillian Tett inquired if the Prime Minister planned to visit President Trump at Mar-a-Lago for a round of golf.
He replied, “If playing golf is beneficial for the nation and its people, I would gladly do so.”
On the subject of climate change and the need to balance economic growth with protecting the environment, the Prime Minister affirmed Vietnam’s strong pledge to achieve net-zero emissions.
Being one of the most affected countries by climate change and rising sea levels, Vietnam aims for a transition towards greener practices and sustainable production.
This includes speeding up renewable energy initiatives and reviving nuclear energy projects to secure a reliable and clean energy supply for national growth.
In closing the discussion, Gillian Tett noted the global admiration for Vietnam’s remarkable economic evolution over the past four decades of reforms.
With robust growth, stable financial and currency systems, and a GDP growth rate exceeding 7% despite worldwide challenges, Vietnam has become an attractive destination for foreign investment.
With aspirations for double-digit growth in the near future, Vietnam is positioned to serve as a model for global development.
Tett commended the Vietnamese government’s dedication to national advancement, echoing President Ho Chi Minh’s belief: “Mountains can be moved, seas can be filled, and success will come with perseverance.”
Participants of the dialogue session highly valued Prime Minister Pham Minh Chinh’s insights.
