Business

Vietnam asked to have stronger voice to promote globalisation

As the host of the APEC Year 2017, Vietnam should have a stronger voice to promote globalisation and connectivity among APEC members, thereby fostering trade liberalisation and bringing growth to all people.
Vietnam asked to have stronger voice to promote globalisation ảnh 1The logo of APEC Vietnam 2017

Singapore (VNA) – As the host of the APEC Year 2017,Vietnam should have a stronger voice to promote globalisation and connectivityamong APEC members, thereby fostering trade liberalisation and bringing growthto all people.

The remark was made by Chairman of the SingaporeNational Committee for Pacific Economic Cooperation Tan Khee Giap at a meetingof the Pacific Economic Cooperation Council in Singapore on February 13.

APEC, comprising 21 economies, holds a big rolein promoting trade and investment and contributing to the common growth andprosperity, as well as poverty reduction in the region, he said, adding thatVietnam has made active contributions to this process.

Sharing the same view, Chairman of the VietnamNational Committee for Pacific Economic Cooperation Vo Tri Thanh said the roleof APEC is not eroded amidst the resurgence of protectionism but enhanced sinceright in this context. There is an even stronger need for APEC to strengthenintegration and connectivity in the region.

Singapore’s Trade and Industry Minister Lim HngKiang said though it is still far from the target of trade liberalisation, theAPEC member economies need to continue economic integration and consider this atop priority.

The realisation of a Free Trade Area of theAsia-Pacific (FTAAP) should remain a key in APEC’s agenda to boost regionaleconomic integration and help to reach the trade liberalisation target, hesaid.

He suggested the member economies invest more ineducation and training to improve labourers’ skills, strongly implementincentives to support micro-, small- and medium-sized enterprises which make upmore than 97 percent of the total businesses and 50 percent of the workforce inAPEC, and create more favourable conditions for e-commerce.

At the meeting, Vietnam’s Deputy ForeignMinister Bui Thanh Son said as the host of APEC activities in 2017, Vietnamworked with other members to discuss issues based on the four pillars of APECand reached high consensus.

Regarding the first APEC senior officials’meeting slated for early March in Nha Trang city, Vietnam thoroughly preparedproposals and incentives to be scrutinised, including the enhancement ofregional economic connectivity; the promotion of sustainable, creative andinclusive growth; support to SMEs; and the building of sustainable agriculturein response to climate change.

Vietnam will play a leading role in contributingto APEC through persisting with reform and intensive international integration,he noted.-VNA
VNA
#APEC #trade liberalisation #protectionism #economic integration
Follow VietnamPlus

Related News

Logistics preparations for APEC 2017 launched

Logistics preparations for APEC 2017 launched

The Ministry of Public Security’s General Department of Logistics-Engineering held a ceremony in Hanoi on February 9 to launch tasks to prepare for Asia-Pacific Economic Cooperation (APEC) Year 2017.

See more

Bac Lieu province has 862 fishing vessels, of which 847 are officially registered, accounting for 96.87% of the fleet. (Photo: VNA)

Bac Lieu’s fight against IUU fishing shows positive progress

Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.

Thu Thiem urban area in Thu Duc city, Ho Chi Minh City. (Photo: VNA)

Homebuyers, sellers make use of AI

ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.

Phung Van Dong, director of AIT Vietnam, speaks at the forum. (Photo courtesy of the organiser)

ESG and digital shift key to fast, sustainable growth: forum

As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.

Russian visitors to Nha Trang city of Khanh Hoa province. (Photo: Vietjet)

Vietjet launches first-ever direct flights connecting Vietnam and Russia

As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.

Representatives from outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025. (Photo: hanoimoi.vn)

Vietnamese businesses head to global e-commerce

In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.

Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM sees global tensions as chance to reshape economy

The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.

Prime Minister Pham Minh Chinh chairs a national teleconference to review the fight against smuggling, trade fraud, counterfeit goods, and intellectual property rights infringement. (Photo: VNA)

Prime Minister chairs national teleconference on fight against counterfeit goods

He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.

Producing electronic components for export at Tu Ha Industrial Park, Huong Tra township, Hue city. (Photo: VNA)

Vietnam becomes Singapore's 8th largest export market

Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.

The dialogue spotlights the enduring role of public-private partnerships in shaping and advancing Vietnam-US relations over the past three decades. (Photo: VNA)

Dialogue talks role of public-private partnership in Vietnam-US relations

Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.