Vietnam plays role in boosting APEC cooperation

Amid the COVID-19 outbreak, efforts to prevent and control the pandemic and boost socio-economic recovery have been of great concern around the world and will feature prominently at the upcoming Asia-Pacific Economic Cooperation (APEC) forum on July 16.

As an active member of the forum, Vietnam has coordinated with other members to ensure momentum in APEC cooperation. During its 22 years as a member, Vietnam has proved its important role in the forum. 

At the 27th APEC Summit held online last year, Vietnam asked APEC members to work together in COVID-19 prevention and control efforts, promoting economic links and securing supply chains to maintain the position of Asia-Pacific as a driver of economic recovery.

Addressing the meeting, then Prime Minister Nguyen Xuan Phuc emphasised that the new driving force for APEC is digital transformation in all fields, to enhance the forum’s core values during the Fourth Industrial Revolution. He also shared Vietnam’s experience in disease control and economic recovery and development.

Vietnam has called upon APEC members to join hands to maintain a free and open trade and investment environment while strengthening economic integration, ensuring the supply chain of goods and services in the region.

Since officially becoming a member of APEC in 1998, Vietnam has actively participated in the building and shaping of regional economic and trade regulations.

It successfully hosted APEC in 2006 and 2017. These important events received positive reviews from international friends, elevating Vietnam’s bilateral relations with many partners.

From its positive contributions, Vietnam has earned trust and praise from APEC members. Its participation in and cooperation with APEC have also brought it benefits from development opportunities in political and socio-economic relations, contributing to the promotion of its internal resources./.