The 24th APEC Ministerial Meeting is the most important event of the APEC 2017 Finance Ministers' Meeting hosted by Vietnam. APEC 2017 is also the first year implementing the APEC Finance Ministerial Innovation Strategy.
The Government chief also called for practical measures to fruitfully implement priority policies and handle challenges in order to stabilize financial systems and achieve sustainable development. Since introduction of reform process in 1986, Vietnam has turned itself from a least developed country into a middle-income country in 2010.
Vietnam’s economy expanded 6.21 percent in 2016 and is expected to grow 6.7 percent this year. The market capitalization was estimated at 93 percent of the GDP, said PM Phuc. The Vietnamese Government expects the economy will grow from 6.5 to 7 percent per year on average, he added.
The Government will continue restructuring the economy, especially the financial sector towards increasing the sector’s effectiveness and quality for sustainable and inclusive growth, PM Phuc affirmed.
APEC Finance Ministers issued a Joint Statement on October 21, stating their views on a wide range of issues such as Global and Regional Economy, Cebu Action Plan, Long term Investment in Infrastructure, Base Erosion and Profit Shifting, Disaster Risk Financing and Insurance, Financial Inclusion, and other matters.
The 24th APEC Finance Ministers’ Meeting and related meeting took place in Hoi An city from October 19-21 with the participation of 300 delegates from 21 APEC economies as well as leaders of international institutions like the IMF, WB, and OECD.
