The APEC Economic Leaders’ Week is running from November 12 until November 18Hanoi (VNA) – This year has been significant for theAsia-Pacific Economic Cooperation (APEC) partnership, with the forum focusingon promoting regional and global economic integration.
The APEC Economic Leaders’ Week is running from November 12 untilNovember 18, with eight major activities, including an APEC Senior Officials’Meeting, a meeting of the APEC Business Advisory Council, the APEC BusinessSummit, and the 26th APEC Economic Leaders’ Meeting.
Prime Minister Nguyen Xuan Phuc will attend the 26th APECEconomic Leaders’ Meeting in Port Moresby, Papua New Guinea, from November17-18 at the invitation of the host country’s Prime Minister Peter O’Neill.
APEC comprises 21economies, including Australia, Brunei, Canada, Chile, China, Hong Kong(China), Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand,Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei,Thailand, the US and Vietnam.
Since its establishment in 1989, APEC has affirmed itself as a leading economicconnectivity mechanism, taking a pioneering role in promoting economic, tradeand investment facilitation in the region and the world, contributing to economicgrowth and the maintenance of peace, stability, cooperation and development inAsia-Pacific.
APEC cooperation focuses on three major pillars – trade and investment facilitation,business support and economic-technical cooperation.
The APEC Year 2018 is themed “Harnessing Inclusive Opportunities,Embracing the Digital Future”, with priorities of improving connectivity and deepeningregional economic integration, promoting inclusive and sustainable growth, and strengtheninginclusive growth through structural reform.
The year has a significant meaning to APEC in speeding up regional andglobal economic ties and preparing for the 30th founding anniversaryof the forum in 2019.
In the year, APEC aims to implement important cooperation outcomes of2017, especially in building the APEC post-2020 vision, promoting inclusivegrowth, developing human resources in the digital era, trans-border e-commerce,micro, small- and medium-sized enterprises and food security. The forum willalso review long-term cooperation plans under structural forum roadmaps.
This year also marks 20 years of Vietnam joining APEC. The success of APECYear 2018 and the development and integration achievements over the years have improvedthe status of Vietnam.
Vietnam has worked with Papua New Guinea and other APEC members to contributeto the implementation of APEC long-term cooperation plans, including those tospeed up the completion of Bogor goals, conduct the APEC service competitionroadmap and the new APEC agenda on structural reform.
Vietnam has also engaged in realising the APEC Year 2017 outcomes regardinginclusive growth, structural reform, micro, small- and medium-sizedenterprises, startup, trans-border e-commerce, food security and climatechange, rural and urban development, sub-regional connectivity and women’seconomic empowerment.
The APEC Vision Group was formed in May 2018 by Vietnam, an importantmilestone for the forum to enter a new development period. A Vietnameserepresentative was elected as the Vice Chairperson of the group.
Vietnam has continued its pioneering and coordination role in thebuilding of APEC post-2020 Vision with focus on the people and enterprises.
In 2018, Vietnamese ministries and sectors have optimised resources fromAPEC funds to implement 14 projects to improve capacity for public servants,small- and medium-sized enterprises, women and labourers in areas of tradenegotiation, digital skills, healthcare and power. -VNA
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