Vietnam will continue to work closely with UNCTAD

Geneva (VNA) - Vietnam will continue to work closely with UNCTAD for common objectives of future achievements in trade and development, a Vietnamese diplomat said.

Ambassador Vu Dung, Permanent Representative of Vietnam
to the United Nations Office, WTO and other international organisations in Geneva
, made the comment at the 56th session of the UN Conference on Trade and
Development (UNCTAD) in Geneva on Sept. 16.

“We highly value timely messages and actions that WTO and UNCTAD have undertaken
to mitigate possible adverse impacts of the crisis to international trade flows,
trade financing and monitoring trade measures,” he said.

In his speech, Ambassador Dung also said the global financial and economic crisis
has resulted in a dramatic reduction in international trade.

He voiced Vietnam ’s support for the views that pushing the Doha round to a
conclusion would bring a real needed stimulus package at the multilateral level.

While sharing concern over trade financing mentioned in the keynotes made by
representatives from G77 and China , Ambassador Dung said the financing of major
state corporations facing bankruptcy always draw great attention from the government
and media circle. In the meantime, an outnumbered group of small and medium
enterprises with a limited capacity to coop with crisis are left out.

The diplomat called on international financial organisations to provide credits for
small and medium enterprises, especially those in developing countries as they are
making great contribution to global economic growth.-Enditem