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THE GOVERNMENT AGREES TO SIGN THE MEMORANDUM OF UNDERSTANDING WITH THE WEF

This content is prescribed by the Government in the Resolution No. 78/NQ-CP dated May 22, 2020, regarding the Government of the Socialist Republic of Vietnam signing a Memorandum of Understanding with the World Economic Forum (WEF) on the Fourth Industrial Revolution Connected Center of Vietnam.

To be specific: To agree with contents of the Memorandum of Understanding between the Government of the Socialist Republic of Vietnam with the World Economic Forum on the Fourth Industrial Revolution Connected Center of Vietnam.

The Government authorizes the Minister of Information and Communications to sign in the above-mentioned Memorandum of Understanding with the World Economic Forum. Concurrently, the Ministry of Finance shall provide guidance and allocate funding from the State budget for the Ministry of Information and Communications to contribute an annual fee of the first year (equivalent to USD 01 million) to the World Economic Forum. Such amount shall be paid within 06 months from the date of announcement of the Agreement and the opening date of the Fourth Industrial Revolution Connected Center of Vietnam…

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