The scene of an APEC 2017 meeting in Nha Trang city, Khanh Hoa province. (Source: VNA)Khanh Hoa (VNA) –The Asia-Pacific Economic Cooperation Forum (APEC) 2017 in Vietnam is a goldenopportunity for local enterprises to promote trade and investment, according toHoang Van Dung, Chairman of the APEC 2017 Business Advisory Council.
Dung said APEC is a leadingeconomic forum and drives growth, trade and investment in the region.
The forum, which includes theworld’s economic largest economies like the United States, Japan and China,contributes 50 percent of global GDP and 50 percent of global trade.
For Vietnam, APEC member economiescontribute up to 70 percent of investment and tourism growth with 20,000enterprises registering a total capital of 300 billion USD, contributing 25percent of GDP, 35 percent of industrial output and 70 percent of export value.
They also provide one million directand indirect jobs in Vietnam and are turning Vietnam from an agricultural economyinto an export-oriented and manufacturing economy.
Dung said at the forum,Vietnamese enterprises can contact leading enterprises in technology to seektechnologies suitable for their development.
Vietnamese enterprises can alsoparticipate, contribute and raise issues at the APEC Business Summit, theAPEC Economic Leader's Meeting, the APEC Business Advisory Council, and public-private dialogues betweenAPEC working groups and businesses.
According to Dung, micro-,small- and medium-sized enterprises must improve their capability byrestructuring business and taking advantage of technology to boost productivityand competitiveness if they are to go global.-VNA
