Deputy Foreign Minister Nguyen Minh Hang attends Bloomberg New Economy Forum 2026 in India
WVR - From October 13-14, Deputy Foreign Minister Nguyen Minh Hang attended the 8th Bloomberg New Economy Forum (NEF) 2026 in New Delhi, India.
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| Deputy Foreign Minister Nguyen Minh Hang attends the high-level roundtable on the Future of Trade, Global Supply Chains, and Investment. (Photo: Chu An) |
Under the theme “A World in Transition: Shaping New Power Levers”, the forum gathered over 500 leaders from governments, businesses, investors, tech founders, and leading global experts. Indian Prime Minister Narendra Modi attended and delivered the opening speech at the forum.
During the discussions, delegates focused on assessing geopolitical situations, risks, and opportunities in times of instability, as well as identifying the “levers” shaping the future of the global economy, including technology, energy, critical minerals, and international payment systems.
Many opinions emphasized the growing role of artificial intelligence (AI) and service trade in global economic growth. Opinions highlighted the increasing uncertainty and volatility in the world, suggesting that economies need to enhance adaptability, strategic autonomy, and build trustworthy partnerships among like-minded countries. Business community representatives shared trends in supply chain adjustments and expressed their commitment to long-term investment decisions.
Within the forum framework, Deputy Minister Nguyen Minh Hang participated in a high-level working breakfast session and spoke at the roundtable on the Future of Trade, Global Supply Chains, and Investment. The roundtable was co-chaired by Indian Minister of Commerce and Industry Piyush Goyal and former U.S. Secretary of Commerce Gina Raimondo, with the participation of Bloomberg Group Founder Michael R. Bloomberg, Singapore Deputy Prime Minister Gan Kim Yong, senior officials from various countries, and leaders of major corporations in finance, pharmaceuticals, steel, and industrial manufacturing.
Delegates discussed the impact of tariffs and non-tariff barriers; trends in trade flow shifts and supply chain diversification; the instability and unpredictability of trade policies, as well as pressures on the rules-based trading system.
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| Deputy Minister Nguyen Minh Hang speaks at the roundtable. (Photo: Chu An) |
Speaking at the roundtable, Deputy Minister Nguyen Minh Hang noted that global trade, investment, and supply chains are increasingly impacted by geopolitical competition; supply chains are becoming strategic tools in ensuring economic security; AI, technology, and digital transformation are reshaping global trade and investment.
The Deputy Minister emphasised that developing countries with high economic openness face many challenges amid the current global volatility, while affirming Vietnam's support for an open, rules-based multilateral trading system. The process of diversifying supply chains and adjusting global trade rules must ensure inclusivity and bring broad benefits to all countries, especially developing ones.
The Deputy Minister also highlighted Vietnam's recent positive economic outcomes, with GDP growth in the first nine months of 2026 exceeding 9%, total trade turnover nearing $890 billion, and registered FDI exceeding $50 billion, up over 75% compared to the same period last year, reflecting Vietnam's strategic stability role in the global supply chain.
In the new development phase, Vietnam is shifting its FDI attraction focus from quantity to quality, not just stopping at production and assembly but also emphasizing high-quality investment, enhancing domestic value addition, technology transfer, and linking value chains between domestic and FDI sectors. The Deputy Minister also affirmed Vietnam's firm control over goods origin, preventing origin fraud and illegal transshipment.
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| Deputy Minister Nguyen Minh Hang meets Bloomberg Group Founder, Mr. Michael R. Bloomberg. (Photo: Chu An) |
Within the conference framework, Deputy Minister Nguyen Minh Hang engaged with senior leaders from India, several regional countries, and numerous business leaders, discussing deepening multi-faceted cooperation, cooperation opportunities, and expanding investment in Vietnam.
In discussions with Founder Michael Bloomberg and senior leaders of Bloomberg Media Group, the Deputy Minister thanked Bloomberg for inviting Vietnam to the forum, and exchanged measures to promote deeper cooperation between Vietnam and Bloomberg, especially in media, promoting Vietnam's image and investment environment during APEC 2027.
Bloomberg Group highly appreciated Vietnam's role and economic development prospects and affirmed close coordination to implement media activities for APEC 2027.
