Vietnamese PM delivers message at G7 expanded Summit

Hiroshima, The Gulf Observer: Vietnamese Prime Minister Pham Minh Chinh stressed that promoting a more substantive and effective global partnership, international solidarity, and multilateral cooperation is key to solving today’s complex challenges.

In his remarks at the “Working to address multiple crises” meeting, the first plenary session of the expanded Summit of the Group of Seven (G7) in Hiroshima, Japan, the PM noted it is necessary to ensure that people are the centre, driving force, subject, resource and goal of development.

He held that the current unprecedented context calls for actions going beyond the precedents with a global, inclusive and multilateral approach, and emphasised an urgent need for promoting and creating new driving forces serving the recovery of the global economic growth and development in a greener, cleaner and more sustainable direction.

PM Chinh proposed improving the global economic governance efficiency; strengthening policy coordination, particularly in interest rates, finance-currency, trade-investment; and reforming a World Trade Organization-centred multilateral trading system.

Welcoming the Partnership for Global Infrastructure and Investment (PGII) initiative, he suggested that G7 continue to support developing countries through the provision of green finance and cooperation in developing strategic infrastructure systems, especially for transport.

Chinh affirmed that Vietnam highly values the Hiroshima Action Statement for Resilient Global Food Security, and proposed G7 and its partners step up the opening of agricultural markets, promote green agricultural cooperation, increase their participation in and support for the implementation of the South-South and trilateral cooperation mechanisms in ensuring the global food security.

Vietnam is ready to scale up food production contributing to the conduction of the action statement, the Chinh said.