Nguyen Phuong Nga, Deputy Foreign Minister of Vietnam, made the call at the 13 th UN conference on trade and development (UNCTAD) in Doha, Qatar, from April 21-26.
She also called for an elimination of trade protection measures that are exerting a negative impact on global economic recovery.
Nga suggested that the UN organisation better perform its role in addressing challenges to development, strengthening global partnerships and assisting developing countries to access capital resources, market, transfer of technology, especially green technology, and to adapt to climate change.
She briefed the conference on Vietnam’s major achievements in socio-economic development, primarily poverty reduction, and highlighted the country’s efforts to renew its economic growth model and restructure its economy.
She underlined the importance of South-South cooperation and introduced Vietnam’s experience in carrying out the tripartite cooperation model, citing ongoing cooperation projects in agriculture, health care and education between Vietnam, a UN agency, and African countries such as Angola, Mozambique and Benin.
The conference brought together more than 5,000 senior officials and government representatives from 194 UNSCTAD member countries, UN agencies, the Group of 77 countries (G77) and China, the Francophonie, the World Trade Organisation (WTO), the World Bank, the International Monetary Fund, international non-governmental organisations, as well as representatives from business communities.
They shared the view that the global economy has not been out of the woods yet since the financial crisis in 2008-09. It is coping with emerging challenges such as hunger and poverty, development gaps, unemployment, trade protection measures, and non-traditional security (climate change, food and energy security).
They said these challenges are causing inequality amongst countries and in every country, seriously affecting the implementation of the UN Millennium Development Goal.
The conference adopted the Doha Declaration, emphasising the UNCTAD member countries’ determination to capitalise on trade globalisation and international investment, along with accelerating economic growth and sustainable development, aimed at reducing inequality and poverty and creating jobs to meet people’s expectations.