 Quý vị, kính thư các vị đại biểu. Xin chào mừng quý vị tới buổi lệ bế mạc. Lê Cát Trông Lê, bạn có thể chào mừng tôi đến đây không? Xin chào. Tôi hiểu tất cả những tên dụng là tên dụng rất quan trọng khi đến với music ở Việt Nam. Tên dụng của bạn sử dụng tên dụng tên dụng tên dụng tên dụng tên dụng tên dụng tên dụng tên. Bạn có thể nói mọi chuyện Nó là một cơ hội để đi bên trong, và một cơ hội bình tĩnh. Cái cơ hội là về mơ, và mơ hội mà tất cả mọi người có. Cái cơ hội là một cơ hội của một cơ hội bình tĩnh. Cái cơ hội mà tất cả mọi người không thể nói. Wow, chúng ta đang tìm ra. Thank you. Còn chân chữ chỉ hơi cho nát tranh văn, vư tình là điên, nè mô mê nát tranh văn, sông sâu trôi ước trôi. Còn chân chữ chỉ không trăng dậy. Thank you very much. So now it's to invite the co-chairs of the meeting to join me here on stage. It has been substantial summit on ASEAN, the 27th one. I think ASEAN also has grown even more in importance during these 27 years. Let me start with Mr. Kevin Snyder, who is the global head of McKinsey. I know you know the region really well. You've been living in Hong Kong, maybe that also shows how past the world is changing, that the global head of McKinsey is now based in Hong Kong and not in London or in New York. So Kevin, what is your main takeaway from this ASEAN summit? It's been a very busy 48 hours, whatever it is, it's hard to believe it's over. First of all, the economic optimism that remains for all the talk of trade conflict, for all the many challenges one can hypothesize, strengthening dollars, etc. I do still sense from the conversations I've had and also just observing where we are that the underlying fundamentals of this part of the world remain solid. And therefore, while there may be turbulence in the near term, we should expect and can believe in a very positive future for ASEAN and beyond. And related to that, and I think this does tie to the theme around the fourth industrial revolution, the requirements to evolve the model that ASEAN has had which has been successful to one that recognizes the need to reinvent the labour force, the need to engage in the activities that will lead to digital productivity and the investment and infrastructure that that requires, that would be the other part of the conversation. And if I had one last takeaway and I'll keep it short, the value of dialogue, the conversations that one's had over the last 48 hours, the kind of bringing together of many different voices is truly unique and I think has reminded me of how valuable it is to spend time on these issues but I leave with a strong sense of optimism. Thank you. I share with you this feeling of optimism but when you then turn on your TV, when you come to your hotel room in the evening and watch the world news, there is quite mixed news. Of course, U.S. economy is growing very strongly this year. The global growth will be still 3.9%. But for ASEAN overall, are you also optimistic in the coming years? Is also ASEAN well prepared if the global growth is going down? We will not see a repetition of what we saw in the 90s. Well, I think the situation today is a bit different from the 90s. I mean, even on an economic basis, we have floating exchange rates, not fixed exchange rates. We have a situation where the geographic exposure of many of the countries is different than it was back in 97. That said, look, there could be near-term gyrations, near-term turbulence, but I think the ultimate way of looking at this is the fundamentals remain 650 million people, a market that is rapidly leading to consumption as opposed to just a quantitative market where you've actually got consuming middle class coming in and spending, and ultimately also the trade flows. The trade flows are changing. Intra ASEAN trade, whilst it's been stuck at 20, 22, 24, you believe, I do still sense that if we are going to see trade barriers put up in some parts of the world, well, that just underscores the need for and the importance of greater trade within this part of the world. So I remain confident in the long term. That's not to say we could have some fallout in the short term, but I think you look at these economies, they're well placed in the longer term. The interest from other countries in investing in ASEAN is growing fast. When I looked at the FDI figures, I was a little bit surprised. Japan is still the largest investor in ASEAN, China number two. Why is there this big interest in investing in ASEAN? And do you think what we are now seeing with some disturbances related to emerging markets like Turkey, South Africa, and Argentina, are you concerned that this can also have negative impact on ASEAN or is ASEAN, as you already touched on, more resilient? Well, ASEAN is different. I think the risk of contagion, which is what people talk about, often leads to confusion around the underlying fundamentals of different parts of the world. Argentina has huge exposure to dollar, loans, it doubled its exposure. If you look at this part of the world and you look at across the geographies, you will find that external debt and dollar-denominated external debt is a far more modest number than it is in the parts of the world where contagion becomes even more risky. But perception can be reality and I think it is very important to disentangle the commentary and again focus in on the underlying fundamentals of these economies. We heard from Shreemiliyani that there are things that, for example, Indonesia needs to do to reduce its current account deficit. That remains important. But at the same time, Indonesia is one of the greatest consumer markets that the world will see. Will see, not may see. And so I think when you put all that together, again, there is the risk and the stock markets will gyrate. There's no question, you'll see opportunistic speculation and all that goes with it. But the fundamentals, I think they remain very attractive. And I think we're all impressed also with the growth and robustness of the Vietnamese economy. I think I was, when we prepared for this conversation, I even heard that McKinsey has 100 people already in Ho Chi Minh. That means that you believe in this country too. We very much believe. We have two offices, one in Ho Chi Minh and one here in Hanoi and I think our commitment to Vietnam is consistent with many foreign companies who are looking at Vietnam and it's relatively attractive from an FDI base. The manufacturing base here is very substantial. It's an export economy. I think the challenge for Vietnam is to use that base to start creating more consumption, more development amongst its own people here at home. But the fundamentals of Vietnam are as good as any you're going to see in this part of the world and the growth rates show that. So we are very optimistic of Vietnam. I see that Deputy Prime Minister on the first row is nodding. We'll come back to you Deputy Prime Minister. We now turn to Anna Biggett Albregson. She is the CEO of Plan International. It's an important developing organization and I think you are even doing work here in Vietnam and of course all over the world, especially known for incredible work among girls and women. So we are very happy to have you as a co-chair of course, but what are your main takeaways Anna Biggett from this today, sir? Thanks Berger and really thanks to the forum for also including us and civic organizations in the preparation and leadership of the meetings. My main takeaway is that there are so many agendas that government, private sector, civil society have in common. So many challenges that we are trying to overcome together. Whether it's social inclusion in the fourth industrial revolution making sure that everybody can take part in the digital economy or addressing new risks, reputational risks of organization around sexual harassment in the workplace or the risk that we all face with fake news and mainstream media that is being undermined by other sources. And these have been topics that I've been part of discussing here. And I see a real appetite for collaboration across sectors which I really think is the essence of the forum. And Anna Biggett you have a long career in the field of development also with the UN and UNDP. At the opening we heard a message from the secretary general that was read by one of the assistant secretary generals where the S3 reminded us about the tremendous development path this country has been through. Just a couple of decades 50% of the population in this country lived in extreme poverty. Today it is 3%. Is there any lessons learned from this country that can be applicable to other countries because there were a lot of other countries also having 50% of the people living in extreme poverty 20 years ago and there is still 50% there. You know I think what sets both Vietnam and also ASEAN apart from the rest of the world is also it's phenomenal investment in education. It's not just recent it's true and deep in the culture of the region to invest in education and that has obviously been one of the fundamentals to help the region spur forward so that is certainly a message that we need to carry across. I do think that what we are seeing unfortunately also in ASEAN is that as that education has become more and more inclusive as girls are now in many countries superseding boys in attaining high levels of education the economies are still not taking full advantage of that really fantastic resource of well educated young women in their workforce we still have fairly low workforce participation of women and our colleagues from McKinsey keeps reminding us of how much waste that is the GDPs of these economies could grow so much more by including women in the workforce so I think there's a lot to learn from Vietnam and from the region for the rest of the world in terms of really getting those high levels of equal opportunities in education now we need to create equal opportunities in the workforce and for entrepreneurs. So there is a huge potential of then having more women entering the workforce so Thank you I'll then turn to Nasir Rasak he's the chairman of the CIMB group Holdings Malaysia Nasir has worked with the World Economic Forum on the original base but also on the Fort Industrial Revolution through many years the team here has been related to the four IR and I guess that the success in implementing the right policies to enhance your competitiveness related to the four IR is also is going to be quite crucial in defining also the standards of living in the future globally and also for ASEAN Thank you I reflect back on Kuala Lumpur 2016 the ASEAN the WF ASEAN then and I recall leaving that event somewhat despondent about the momentum of economic integration and also any recognition of a new industrial revolution forthcoming and yet today or this year when I listen to all the ASEAN leaders themselves every single one of them acknowledge the threat of the fourth industrial revolution and we had an ASEAN secretary general who reaffirmed over and over again that he wants the fourth industrial revolution to be at the forefront of his agenda so over the past couple of years I think yes the environment has changed in a sense that that's probably a recognition that we need each other more because of the the more insular US and the more hostile trade environment but there has been a lot of work done by WF not least the report we did on ASEAN and the fourth industrial revolution and the very clear recommendations that were made about what needs to change and I know that as a result of that the ASEAN secretary had commissioned a study on the readiness of each country of ASEAN so I think you know since you are president of WF I'd like to congratulate WF because I think WF has made a difference to ASEAN ASEAN does recognize this 4.0 challenge clearly and I'm optimistic about what the ASEAN secretary will do now going forward because this morning the secretary general effectively acknowledged the power of this model called the platform organization which was a strong recommendation in our report so he's thinking of transforming the ASEAN secretary approach to regional integration using this recommended model which in effect means greater engagement with business to implement the changes needed so overall I think hats off to WF and feeling very optimistic that ASEAN is going to take the bull by the horn thank you for those kind words we are keeping our focus on the 4IR as you know the World Economic Forum has established a center for the 4IR in San Francisco and have no sister centers and affiliated centers all over the world I'm just reflecting on the policies that are important to make sure that the country is ready for the 4IR if you were going to give like 5 points on what you think are the most important policies to implement what would they be I guess you would start maybe with education I'm going to sound like a broken record I've been saying this for 2 days very consistent but yeah obviously education and within the region free movement of talent skill talent free movement of data free movement of capital education and of course to really look at the side effects and some of the issues and champions particularly some of the side effects on gender equality etc those are probably the 5 I will put out there Kevin you give advice and counsel on these issues what would be your 5 main topics for being really ready for the 4IR maybe the capital market venture capital would be part of it I think access to capital becomes very important because I think there is investment that is needed and remember there is infrastructure investment that is needed too some of that is in place but there is a lot more to be done the variation in bandwidth and speeds across ASEAN is profound 25 megabits in some places per second down to 5 in others so the infrastructure investment infrastructure is very important but I actually would echo what Nazir said education education and education and remember it is education of not just the younger people coming into the workplace for the first time but what are we going to do with the 40 somethings who have grown up and work in a particular skill that no longer is required because it is being automated or changed and improved and that group of people I worry about getting left behind and I think it is very important that we have an ability to re-skill not just to provide skills for those entering the workforce so I would add that to the education conversation Minister Nhi Man Hung you just took on this ministerial post as minister of information and communication and before that you were successful CEO for decades in the telecommunication business so you have the right background also for this important ministerial position listening to the two last days listening to your to the other co-chairs there how ready is Vietnam for the 4IR yes and after a couple of years as you as minister I guess you will be even more ready should be ready should be okay so after the 3 days very intensive discussion and the meeting I would share some of my thoughts or take away as you said the first one is about small and smarter government every time when a new industrial revolution comes new technology happen the businesses and the society can do more can do more of the government's work so that the government can become smaller and is easier for a smaller government to become smart and faster for change is my first the thought my second thought is about the so-called soft skin for the fourth industrial revolution in the past the technology only improving our life our management we enjoy technology and we didn't change much but now the fourth industrial revolution coming and the new technology change the way we live and change the way we manage we govern so we have to change not only enjoy and change our mindset the technology can change very fast but the people the government cannot change so fast and this will be our biggest challenge so what we do I think that the we have to train people so that they can adapt to change not only technology training education but more about soft skin ready to change or lead the change so I think that the fourth industrial revolution is more about mindset revolution is my thought Thank you change not only enjoy but we also have to change our mindset you were saying minister but listening to ASEAN leaders ministers and head of states talking about the 4IR I feel there is more like optimism and see the 4IR as an opportunity than as a threat why is that why because if you go to some summits and seminars in Europe you feel sometimes a little bit depressed when you listen to 4IR kills jobs and all this but you know the jury is still out all the three other industrial revolution created more jobs and higher life quality for the world I don't think we should take for granted quite the contrary that this fourth industrial revolution will not create more jobs and opportunities so why is the mindset different here if I'm right in ASEAN than many other places I think that's the every new revolution industry and revolution is more opportunity it just depends on how we look at this new technology and if we look back history every revolution made our society made our life better no unemployment even less unemployment is a historical experience so we can believe that this time may be better thank you last comment from the three other cultures on this Kevin optimist or I'm a long term optimist I think the one of the things I looked at recently was some research that showed if you look at the 71 emerging markets that have a sensible amount of scale and you look at their performance over a long period of time you very quickly find that there are 18 outperformed let's say the United States in terms of growth 8 of those markets are here in ASEAN and when you think about what that means with all the challenges that they've been we talked about 97 various economic upheavals social upheavals this part of the world has kept on delivering and that's why I'm an optimist it's lifted an enormous number of people out of poverty to bring women into the workforce alleviate some of the child labour and other issues but this part of the world is destined to grow so I remain very strongly in the optimist camp Anna Begitta is there optimistic NGOs too? Well personally I'm an optimist by nature and hopefully that's also embedding itself at least in my own organisation I think there's no doubt that there's tremendous opportunity also in this industrial revolution what I would hope that we can do is take some lessons from the other revolutions because there there were some very very very significant losers also that got left out of society for in the early parts actually for 10s, 20s, 30s of years before they sort of found their new way we can learn from that and make sure that that social inclusion that's needed and that bringing everybody along is a lot faster and we need public policy to ensure that we get that inclusion with us. No sir? Definitely glass half full I think there will be challenges but I think we will rise to those challenges over 50 years ASEAN has always surprised on the positive side I think that certainly the 4IR brings a lot of benefits and we should focus on the benefits first before we think of the externalities and the negatives we have a Prime Minister today who's 93 maybe with the 4IR we can have a Prime Minister who's 100 plus Thank you Thank you Let's give the coaches a big applause Thank you so much for being such thought leaders and being with us these two days we really appreciate it and also thank you to all our distinguished participants and partners and members you are the most important ones and I hope you have really enjoyed and come out of these two days more insightful and more inspired to contribute not only when it comes to the 4IR but also to growth, inclusive growth and sustainability This 27th Siam with the World Economic Forum is coming to a close but as you know many of you that have also been in charge of this kind of summits do know that there is a lot of work behind it I would like firstly to thank the government of Vietnam Deputy Prime Minister Prime Minister and all the Vice Ministers and Assistant Ministers that we have worked with during the last year the collaboration has been very good close and it has been dealing with a very professional government so thank you so much for the collaboration I would also like to use this opportunity to thank my colleagues at the World Economic Forum they have worked and I really mean it 24-7 the last week I would almost say weeks but that's maybe not totally true maybe 20 out of 24 hours the last weeks and the leader of our Asia Pacific team at the World Economic Forum Justin Wood many of you already know Justin can you stand up and we will give you Justin has been sending me emails at the strangest hours the last weeks and the team has been amazing also thank you to all the supporting teams publicist life and others that have been supporting us and we are privileged that the Deputy Prime Minister of Vietnam his Excellency Trong Hoa Bin will do the closing here at the summit so Excellency Deputy Prime Minister the floor is yours and thank you to the government of Vietnam again from all of us ladies and gentlemen dear friends Mr. Klaus Schwab co-founder and managing director executive director of the World Economic Forum due to his busy schedule he said goodbye to me allow me now to just say a few words during the closing ceremony of our World Economic Forum on ASEAN and following two days of working with nearly 60 sessions or substantive discussion our World Economic Forum on ASEAN in 2018 has successfully concluded with the theme ASEAN 4.0 entrepreneurship and the fourth industrial revolution our WEF ASEAN meeting has truly been a meeting of our people to exchange ideas on many of the important issues for the development of countries in the context of the fourth industrial revolution and within this there are many new perceptions experience and ideas, policies encouraging entrepreneurship and innovation of businesses and people our co-chair have also summed up very succinctly the ideas of our discussion allow me to just review some of them one is that only innovation with multi approach multi vision approach can help businesses launch to the forefront that is why the government and people of ASEAN countries need to continue to foster greater momentum for innovation for new ideas to flower and bloom and to create new momentum of growth in a world that is constantly in flux as a result of new technologies and our entertainment and the song we heard by Ms. Le Ca Chau Ly that you've just heard is proof of the potential of innovation and integration of Vietnamese youth as well as other ASEAN countries the Vietnamese government is ready and striving to create a enabling environment and encouraging businesses and people to strongly especially our young people to innovate and build on their entrepreneurship and dynamism of the whole whole economy and whole country and second the digital world and hyper connectivity is allowing for people to engage in greater innovation and gain access to new technologies new knowledge and new markets and building an open and smart education system is the key and platform to promote innovation to ensure that all can enjoy the benefits of innovation of development I applaud the conference for proposing and put forth new initiatives and ideas for people especially our youth in terms of skills and digital skills and to be able to take ownership of these skills and to meet the demands of the future of jobs this is also the chance for countries and businesses to invest in future education in ASEAN countries and three the changing world is posing a lot of new challenges for ASEAN countries realizing its vision of a community by 2025 and by becoming resilient ASEAN is opening its door to cooperation with partners in the region and over the world and the world economic forum is the cradle of many new ideas that is strategic and at a global level we look forward to your cooperation in the future and hope that this world economic forum that we are in will allow us to cooperate with each other even closer and come up with more substantive and concrete ideas at our meeting today into specific and concrete plans in the future ladies and gentlemen and through our meeting this time Vietnam hopes to work with the forum to promote dialogue and strengthen open partnership for a peaceful and stable ASEAN that shall grow prosperous our world economic forum for 2018 is also an excellent opportunity for you to experience the history culture and vitality of the land and people of Vietnam ours is a peaceful country of renowned sites of long beaches and white sand of majestic caves and unique cuisine that is also a trusted partner a dynamic economy and an attractive investment destination this is the place where many multinational corporations who are members of the forum have chosen to be a strategic production center linked with their regional and global supply chains we would like to cordially invite you to attend the Vietnam business summit under the theme of connectivity and innovation to be held right after our session here to discuss these open opportunities to invest and do business in Vietnam on behalf of the Vietnamese government I would like to express my sincere gratitude to Professor Schwab and the World Economic Forum for your treasured support and effective cooperation throughout the preparation and organization of the World Economic Forum on ASEAN my gratitude also goes to everyone who have participated in and contributed to the success of our forum Thank you for your attention