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Viet Nam makes effective contributions to all APEC cooperation aspects

VGP - Viet Nam has made active, responsible and effective contributions to all cooperation aspects of the Asia-Pacific Economic Cooperation (APEC) forum over the past 25 years and left many important imprints said Deputy Foreign Minister Nguyen Minh Hang.

November 13, 2023 5:21 PM GMT+7
Viet Nam makes effective contributions to all APEC cooperation aspects- Ảnh 1.

Deputy Foreign Minister Nguyen Minh Hang

The Deputy Foreign Minister made the above statement prior to President Vo Van Thuong’s tour to San Francisco, the U.S. to attend the APEC Economic Leaders’ Week from November 14-17.

During the leaders' week, Vo and other APEC leaders will discuss issues of crucial meaning to the global and regional economy, particularly trade facilitation, sustainable and inclusive growth, regional economic connectivity.

Viet Nam and other members will promote the spirit of dialogue, construction and responsibility, uphold multilateralism and join hands for sustainable development and prosperity of the region, said the Deputy Foreign Minister.

According to the official, President Vo will attend and address the APEC CEO Summit, which draws the participation of more than 2,000 leaders of business giants in the world and Asia-Pacific region. He will call for the joint efforts of the business community to overcome current challenges and fully tap opportunities for sustainable growth in the region and particular economy, including Viet Nam.

The President will also engage in bilateral activities with U.S. leaders and partners, especially those in California in order to spur the partnership between the two countries in the spirit of their joint statement on the establishment of their comprehensive strategic partnership, especially in the fields of education and training, science-technology, innovation and locality-to-locality connectivity.

Viet Nam: The most active members of APEC

Deputy Foreign Minister Hang said that Viet Nam is one of the most active members of APEC in putting forward cooperation initiatives and projects.

The country proposed nearly 150 projects in various fields from human resources development, e-commerce promotion, food security, and enhancing women's economic power, to rural and urban development, ocean debris, and climate change response.

Viet Nam successfully hosted the APEC Year in 2006 and 2017, during which many important results with strategic meaning to APEC as well as economic cooperation and connectivity in the Asia-Pacific region were produced.

In 2006, Viet Nam left a strong imprint with the Ha Noi Action Plan to realize the Bogor targets in trade and investment facilitation. For the first time, APEC member economies agreed on the idea of forming a free trade area in the Asia-Pacific region and overall orientations on APEC reform.

In 2017, Viet Nam proposed the initiative of building post-2020 APEC vision and the establishment of the APEC Vision Group, reflecting the country's long-term and overall approach, which received support and high evaluation from members, laying the foundation for the forum to adopt the joint statement on Putrajaya Vision 2040 which defines orientations, strategic goals and priorities of APEC cooperation in the new period.

These initiatives and projects have bolstered APEC cooperation that is consistent with the concerns and interests of members, while effectively serving Vietnam's socio-economic development goals, she said.

Viet Nam has affirmed its role in managing and speeding up the implementation of APEC cooperation through undertaking important positions in the forum's mechanisms.

Viet Nam acted as Executive Director of APEC Secretariat, Chair of the ASEAN Group at APEC, and Chair/Deputy Chair of many important committees and working groups of the forum. Vietnamese businesses also actively participate in the APEC Business Advisory Council and the APEC CEO Summit./.