The World Economic Forum (WEF) wants to continue cooperating with Vietnam after the successful conclusion of a three-year cooperation agreement which kicked off in 2017, including the launch of the Industry 4.0 Center in Vietnam, according to WEF’s CEO Borge Brende.

Deputy Prime Minister Truong Hoa Binh and WEF's CEO Borge Brende. Source: VGP.

The center would be among the WEF’s global network of Industry 4.0 Centers, aiming to facilitate R&D in Vietnam and enhance the country’s efficiency in participating in the Fourth Industrial Revolution, said Brende at a meeting with Deputy Prime Minister Truong Hoa Binh on January 21, to make public a report marking the end of the cooperation agreement between Vietnam and the WEF.

Deputy PM Binh highlighted the success of the cooperation agreement, which created positive impacts in the fields of infrastructure development, agriculture, education, healthcare in Vietnam.

According to Binh, the agreement between Vietnam and the WEF could be seen as an example for the latter to expand cooperation with countries in Southeast Asia.

The meeting is part of the WEF’s 50th annual meeting, which are being held from January 21 – 24 in Davos, Switzerland, themed “Stakeholders for a Cohesive and Sustainable World”.

The event brings together 3,000 participants from around the world, including 50 government leaders and senior executives of multinationals, and aims to give concrete meaning to “stakeholder capitalism”, assist governments and international institutions in tracking progress towards the Paris Agreement and the Sustainable Development Goals, and facilitate discussions on technology and trade governance.

Deputy Prime Minister Truong Hoa Binh and Vice President for Global Public Policy of Amazon Web Services Michael Punke. Source: VGP.

On the same day, Binh also had meetings with Head of Asia Pacific and Member of the Executive Committee of the WEF and Vice President for Global Public Policy of Amazon Web Services Michael Punke.