Vietnamese and other East Asian leaders called for the region’s greater role in the global governance at the 19th World Economic Forum (WEF) on East Asia opened in Ho Chi Minh City Sunday.
"The theme of rethinking Asia's leadership of this conference is very appropriate to our regional context", Vietnamese Prime Minister Nguyen Tan Dung said in a keynote speech at the opening ceremony.
“A truly new opportunity has dawned on East Asia and so it must take a greater role in global governance,” Dung said.
He said that the WEF was held in Vietnam at a time when the country was taking over ASEAN presidency made it an important event and would contribute to the process of policy making and cooperation in the region for the years to come.
According to Dung, the global financial crisis has revealed some shortcomings of the international financial and economic system, while East Asian countries have dealt with these difficulties quite effectively, eventually becoming the locomotive of world economic recovery.
"The region has recovered swiftly from the global economic crisis", Dung said, adding that but it must work to turn recovery into economic growth that is sustainable, equitable and helps to solve global problems such as climate change.
"East Asia is well-positioned to make active contributions to the development of a new, more effective and democratic structure of global governance."
He also pointed out the need for each individual nation to consider balancing domestic production and exports as a matter of fact amidst the international trend towards globalization.
Exports orientations will make an important contribution to the world economy, Dung said, citing Vietnam as an example.
“As the world’s second largest rice exporter, Vietnam has not only tapped its advantage but also contributed to the world food security.”
Surin Pitsuwan, ASEAN Secretary General, said Asia’s leadership depended on the region’s capacity to solve comprehensive reforms mechanism and handle economic stimulus packages as well as contributions made by each individual Asian nation to international issues.
Andrei L.Konstin, Russia’s VTB Bank President, shared his view by saying that there were a lot for Asia to do to emerge as Europe of the previous century.
The question is that what Asia should do to turn itself into Europe while avoiding Greek problems, he said.
Hemant Nerukar, India’s Tata Group General Manager, pointed out four major questions that Asia should address, namely financial management, enterprises’ social responsibility, management of talents and environment.
An estimated 450 leading government leaders and officials, leading scholars and entrepreneurs from over 50 countries and regions took part in the conference.
During the two-day conference, participants will discuss four major topics including Asia's leadership Agenda, global risks, sustainability and green growth, and regional competitiveness in a global economy.
The Geneva-based WEF is an independent and non-profit international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.
WEF on East Asia is a regional event of WEF held annually in Asia.
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