Prime Minister Pham Minh Chinh proposes 3 strategic guarantees at the G20 Summit

Thanh Hà |

Prime Minister Pham Minh Chinh proposed 3 strategic guarantees to promote inclusive and sustainable growth at the G20 Summit.

On the morning of November 22, in Johannesburg, South Africa, on the first working day of the G20 Summit in 2025, Politburo member and Prime Minister Pham Minh Chinh and leaders attended two important discussion sessions with the topics: "Sustainable and inclusive economic development - leaving no one behind" and "The G20's contributions to a self-reliant world".

Speaking at the conference, Prime Minister Pham Minh Chinh stated that the world is going through profound changes of the times, many unprecedented issues are all-people, comprehensive, and global.

In that context, global governance needs to aim towards: The key goal is to maintain peace, stability and inclusive and comprehensive development; The most important principle is respect for equality, mutual benefit, based on international laws and practices, solidarity, cooperation, and dialogue to create strength, bring benefits, and strengthen trust; The consistent approach is all-people, comprehensive, global, putting people at the center.

With the motto "unity to gain strength - cooperation to gain benefits - dialogue to gain trust", the Prime Minister proposed three strategic guarantees to promote inclusive and sustainable growth without leaving anyone behind:

First, ensure stability for development in international relations, world politics and the global macro economy. The Prime Minister proposed that the G20 take the lead in building a mutually respectful international cooperation mechanism, seeking solutions to conflicts, creating a favorable environment for development; coordinating policies to prevent systemic risks, respond to crises; limit trade barriers, reduce supply chain segmentation; promote debt conversion initiatives, ensure global macro stability.

Second, ensure a multilateral trading system based on rules, with WTO as the center, a balanced, transparent, and open global financial system; equal access to science and technology and finance for development. The Prime Minister suggested that the G20 strengthen cooperation, fight against the non-politization of science and trade, support developing countries with fair trade policies, harmonize benefits, develop an effective financial system and improve digital transformation capacity, better meet the needs of rapid and sustainable development of countries; comprehensively reform the WTO to operate more actively and effectively.

Third, ensure flexible and effective global governance, creating an ecosystem for strong development in the era of digital transformation and green transformation. The Prime Minister called on the G20 and multilateral mechanisms to strengthen dialogue, build a harmonious global governance framework between economy, society and environment, between present and future, balance benefits between economies; promote cooperation in artificial intelligence, climate change, natural disaster prevention, epidemics, etc.

The Prime Minister affirmed that Vietnam is ready to cooperate actively, equally, and mutually beneficially with countries, the G20 and the international community for a peaceful, civilized, prosperous, sustainable and inclusive world, "leaving no one behind" so that all people can benefit from the fruits of extensive and effective international development and integration.

Thanh Hà
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