Econ
Vietnam prepares for a new impetus and a strategic vision
Ten years after hosting activities of the Asia-Pacific Economic Cooperation (APEC) organisation for the first time, Vietnam continues this honour in 2017 with the expectation of creating a new driving force for a transforming APEC and a strategic vision.
The priority goals proposed by Vietnam for the APEC Year 2017 have been highly appreciated by 21 member economies, affirming Vietnam’s prestige and responsibility to the forum and to cooperation and development in the region and around the world.
State President Tran Dai Quang once emphasised that Vietnam taking over the hosting of APEC 2017 reflected the high level of trust from the international community for the country and represented huge pride and responsibility for Vietnam in joining member economies to ensure the APEC Year 2017 was imbued with the forum’s unceasing development process while promoting the region’s trend of peace, stability, cooperation and development.
The hosting of APEC 2017 is among Vietnam’s foreign affair focuses in the period of comprehensive international integration, affirming the country’s determination to continue renovating and contributing to shaping multilateral cooperation mechanisms. It also offers Vietnam a new opportunity to enhance economic, trade and investment ties with regional partners, towards fulfilling the goals of the national socio-economic development strategy during 2011-2020.
APEC activities will be able to widely and effective advertise the image of an innovative, vibrant and actively integrating Vietnam; bring about development and exchange opportunities for regions, localities, businesses and people across the nation; and facilitate the country’s understanding about the forum.
APEC accounts for 39% of the world’s population and contributes to 57% GDP and 49% trade value of the globe. The forum gathers most of Vietnam’s important partners on trade, investment and development. Therefore, the development of Vietnam is closely allied with economies in the large and potential Pacific Rim region.
The world is currently in a constantly changing stage with complicated proceedings seen in many regions. The strong development of technology and the fourth industrial revolution are dramatically transforming the lives of people as well as their connectivity and manner of exchange. Economies and regions are facing with many intertwined and multidimensional challenges. Global economic and trade growth in 2016 declined to the lowest level since the world financial crisis and economic recession, only reaching 2.2% and 1.7%.
Stagnation in global trade, reduction in material prices, tightened fiscal and monetary policies and intensified protectionism have impacted global economic growth. In addition, this growth and sustainable development are being threatened by the unequal allocation of globalisation achievements, technological advances at risks of widening the development gap, geo-political competition, terrorism, transnational crime, cyber security, inequality, poverty, epidemics, migration and climate change.
Therefore, Vietnam has selected the theme “Creating a new driving force for a common future” for the APEC Year 2017, with the implication of APEC economies joining hands to accelerate the finalisation of the Bogor Goals on trade and investment liberalisation until 2020 and build a vision for regional connectivity. The four priorities recommended by Vietnam are promoting sustainability, creativity and inclusive growth; strengthening regional connectivity and integration; supporting micro, small and medium-sized enterprises to increase competitiveness; and enhancing food security and sustainable agricultural development.
State President Tran Dai Quang once emphasised that Vietnam taking over the hosting of APEC 2017 reflected the high level of trust from the international community for the country and represented huge pride and responsibility for Vietnam in joining member economies to ensure the APEC Year 2017 was imbued with the forum’s unceasing development process while promoting the region’s trend of peace, stability, cooperation and development.
At a press conference in Hanoi to introduce the APEC Vietnam 2017
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APEC activities will be able to widely and effective advertise the image of an innovative, vibrant and actively integrating Vietnam; bring about development and exchange opportunities for regions, localities, businesses and people across the nation; and facilitate the country’s understanding about the forum.
APEC accounts for 39% of the world’s population and contributes to 57% GDP and 49% trade value of the globe. The forum gathers most of Vietnam’s important partners on trade, investment and development. Therefore, the development of Vietnam is closely allied with economies in the large and potential Pacific Rim region.
The world is currently in a constantly changing stage with complicated proceedings seen in many regions. The strong development of technology and the fourth industrial revolution are dramatically transforming the lives of people as well as their connectivity and manner of exchange. Economies and regions are facing with many intertwined and multidimensional challenges. Global economic and trade growth in 2016 declined to the lowest level since the world financial crisis and economic recession, only reaching 2.2% and 1.7%.
Stagnation in global trade, reduction in material prices, tightened fiscal and monetary policies and intensified protectionism have impacted global economic growth. In addition, this growth and sustainable development are being threatened by the unequal allocation of globalisation achievements, technological advances at risks of widening the development gap, geo-political competition, terrorism, transnational crime, cyber security, inequality, poverty, epidemics, migration and climate change.
Therefore, Vietnam has selected the theme “Creating a new driving force for a common future” for the APEC Year 2017, with the implication of APEC economies joining hands to accelerate the finalisation of the Bogor Goals on trade and investment liberalisation until 2020 and build a vision for regional connectivity. The four priorities recommended by Vietnam are promoting sustainability, creativity and inclusive growth; strengthening regional connectivity and integration; supporting micro, small and medium-sized enterprises to increase competitiveness; and enhancing food security and sustainable agricultural development.
