27th APEC Economic Leaders' Meeting opens

The 27th APEC Economic Leaders' Meeting opened on November 20 via video conference with leaders of 21 member economies taking part.
27th APEC Economic Leaders' Meeting opens ảnh 1Vietnamese PM Nguyen Xuan Phuc attends the opening ceremony via video conference (Photo: VNA)

Hanoi (VNA) – The 27th APEC Economic Leaders' Meeting opened on November 20 via video conference withleaders of 21 member economies taking part.

Vietnamese Prime Minister Nguyen Xuan Phucattended the meeting, which aims to discuss the COVID-19 situation and adopt a newvision on regional cooperation in the post-pandemic period.

In his opening speech, Prime Minister Muhyiddin Yassin ofMalaysia - the host of APEC 2020 - called on economies onthe Pacific Belt to stay united to fight the COVID-19 pandemic and promote economicrecovery.

Muhyiddin affirmed that APEC will play a central rolein guiding recovery efforts following the pandemic. He also urged APEC membereconomies to ensure the fair right to access to vaccines and medicaltechnology.

The Malaysian PM mentioned APEC’s prioritised fields, includingsupport for rules-based multilateral trade system, and promotion of digital economy andcomprehensive economic growth.

In his speech, Chinese President Xi Jinping said China is willing to cooperate with APEC economies to create and share the regional future of peace and prosperity towards the target of building a future common community of the humankind.

He affirmed that China backs APEC in increasing the exchange of policies and building capacity in different fields, including public health and small- and medium-sized enterprises in a bid to facilitate the fight against COVID-19 and economic recovery.

The Asia-Pacific Economic Cooperation (APEC) Forum comprises 21 member economies which together account for 60 percent of the world’sgross domestic product (GDP).

The meeting is the most important activity during the 27th APEC Economic Leaders’ Week hosted by Malaysia./.

VNA

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.