President Vo Van Thuong attends APEC CEO Summit 2023

President Vo Van Thuong called on the businesses community to continue accompanying States in fulfilling commitments to sustainable development and pursuing long-term socio-economic and environmental goals, while addressing the APEC CEO Summit 2023, which is taking place in San Francisco from November 14-16 (local time).
President Vo Van Thuong attends APEC CEO Summit 2023 ảnh 1President Vo Van Thuong speaks at the summit. (Photo: VNA)
San Francisco (VNA) – President Vo VanThuong called on the businesses community to continue accompanying States infulfilling commitments to sustainable development and pursuing long-termsocio-economic and environmental goals, while addressing the APEC CEO Summit2023, which is taking place in San Francisco from November 14-16(local time).

The event brought together nearly 2,000 leaders frommajor businesses in the world and the Asia-Pacific, international organisations,research institutes and universities in the region.

This is the most important event of the regionalbusiness community held annually on the occasion of the APEC Economic Leaders’Week, aiming to create an opportunity for enterprises to exchange ideasand raise recommendations to APEC leaders.

The summit programme focus of “Creating EconomicOpportunity” features a lineup of dynamic and diverse speakers who highlightthe potential of collaboration and fresh thinking to build the future through afocus on sustainability, inclusivity, resilience, and innovation.
President Vo Van Thuong attends APEC CEO Summit 2023 ảnh 2President Vo Van Thuong speaks at the summit. (Photo: VNA)
In his remarks, Thuong pointed to four majorcontradictions of the world economy that are the widening rich-poor gap andenvironmental destruction against increasing economic growth and wealth; thegrowing protectionism and separatism after more than three decades ofglobalisation; institutional frameworks remaining limited at the national leveldespite the global influence of scientific-technological development, and science-technologyposing unpredictable dangers apart from great development opportunities; and economiespursuing the growth model that encourages consumption, even overconsumption,yet being unable to mobilise enough resources for the sustainable development goals.

To continue pursuing the set targets, there shouldbe an inclusive, harmonious and humane mindset, the President said, stressingthe need to ensure reciprocity between economic growth and social justice andenvironmental protection; maintain an open, connected world economy in tandemwith ensuring the economic security of countries; ensure that the globalgovernance of technology aims not only to manage the development of varioustypes of technologies, but also to address socio-economic-cultural-politicalconsequences from this process; and prioritise resources for sustainable andinclusive development goals.

Highlighting APEC’s role as an “incubator” foreconomic connectivity initiatives that lay the foundation for global agreements,and its pioneering role in promoting green growth, disaster response and genderequality, supporting small- and medium-sized enterprises, and improving healthcare and education quality, Thuong attributed these successes to contributions by the regional businessescommunity.

He called on them to step up investment inscience-technology, and building inclusive and resilient communities.

The leader briefed the participants on Vietnam’sdevelopment viewpoints and policies, saying the country is striving to maintain sustainableeconomic growth while ensuring social progress and quality, and environmentalprotection.  

Thuong expressed his hope that businesses will further supportVietnam by proposing policies and ideas; transferring solutions, cutting–edge technologies,and new economic models; and attracting investment flows.

Vietnam prioritises projects in such sectors asscience-technology and innovation; green economy, digital economy, circulareconomy and knowledge-based economy; electronic components and electric vehicles; semiconductormanufacturing, new energy, and renewable energy; financial centre building andgreen finance; and biotechnology, and health care, he said.

Vietnam stands ready to join other APEC members andthe Asia-Pacific business community in building a bright future for all, theleader affirmed./.
VNA

See more

Saigon Marina IFC, an emerging landmark, reflects Ho Chi Minh City’s pioneering spirit.

Saigon Marina IFC – The light of Ho Chi Minh City’s new icon

Saigon Marina IFC, an emerging landmark, reflects Ho Chi Minh City’s pioneering spirit. Designed to become an International Financial Centre, this new architectural icon along the Saigon River is envisioned not only as a premium commercial complex, but as a central platform supporting financial institutions, international investors and cross-border capital flows in the years ahead.

Shoppers at a supermarket in Hung Yen (Photo: VNA)

Retailers see tax compliance, AI as key to survival in 2026 survey

The annual survey, conducted at the end of 2025 among retail and food and beverage (F&B) sellers nationwide, found that businesses are shifting their focus from rapid growth to operational efficiency, cost control and legal compliance amid increasingly stringent regulatory standards.

Visitors shop at Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026 opens broader prospects for Vietnam–UAE trade cooperation

For Vietnam, the UAE serves not only as a consumer market but also as a gateway to the Middle East and North Africa. Vietnamese agricultural products such as cashew nuts, pepper, cinnamon and rice have steadily gained market share, while aquatic products, including tra fish and tuna, are increasingly present in the UAE’s hospitality sector.

Bao Viet Bank's employee counts Vietnamese banknotes at a transaction counter in Hanoi. (Photo: VNA)

Credit quota reform, tighter capital rules may widen gap among banks

Yuanta Vietnam Securities estimates that to achieve GDP growth above 10%, credit growth would need to exceed 16%. This suggests bank credit is no longer expected to be the main growth driver, with greater reliance on fiscal policy, public investment and capital markets.

Commercial Counsellor Do Viet Phuong, Head of the Vietnam Trade Office in Cambodia. (Photo: VNA)

Spring Fair 2026 offers ample room to deepen Vietnam–Cambodia trade ties

Cambodia holds substantial potential for cooperation in agro-processing and exports, especially in key products such as rice, cashew nuts and rubber. In recent years, the country’s cultivation area and agricultural output have grown steadily, providing a stable raw material base for processing industries.

Vietnam is projected to have approximately 2.4 million SMEs, accounting for over 98% of the country’s total enterprises. (Photo: cafef.vn)

Banks offer diverse solutions to support SMEs

With an increasingly significant role in the economy, the small and medium-sized enterprise (SME) sector is becoming a key segment in the credit growth strategies of many banks and the banks have been taking diverse solutions to support the enterprises.

Workers process coconuts for export at Vina T&T Group. (Photo: nhandan.vn)

Agricultural exports reliant on securing raw material supply

According to Secretary General of the Vietnam Pepper and Spice Association Le Viet Anh, pepper remained Vietnam’s leading spice export in 2025, with shipments exceeding 247,000 tonnes, accounting for 59.3% of total spice export volume. Export revenue reached 1.66 billion USD, out of total spice exports of 2.1 billion USD.