Vietnam attends World Economic Forum
Kuala Lumpur (VNA) – Vietnam’s Finance Minister Vu Van Ninh has called upon Asia to work together to find solutions to dealing with impacts from the slowdown in the world at a world economic forum.
Addressing the 17 th World Economic Forum on East Asia 2008 opened in Kuala Lumpur on June 15, Minister Ninh said given the strong integration of the global economy, the slowdown was certainly having an impact on Asian economies. Vietnam is also affected by high inflation.
At the opening session, managing director of the World Economic Forum, Borge Brende, said the fuel crisis and food shortages were proving a testing time.
"The region cannot afford to be complacent. The question is whether Asia can maintain its growth momentum against the strong headwinds," he said.
Participants in the forum agreed that Asia needs to first enhance regional cooperation and not resort to protectionism.
Japanese Minister of Financial Services and Administrative Reform, Yoshimi Watanebe, called on Asian nations not to fall into the trap of protectionism but help one another.
During the two-day forum, participants from 25 countries debate the challenges and priorities that will ultimately shape the region's future agenda.
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