Vietnam pushes APEC initiatives

(VOVWORLD) - Prime Minister Nguyen Xuan Phuc will attend the 26th Asia-Pacific Economic Cooperation (APEC) Forum in Papua New Guinea over the weekend. Vietnam aims to build on the achievements of the APEC Year 2017, build the post-2020 APEC Vision, and help sustain regional cooperation and connectivity. 

Vietnam pushes APEC initiatives  - ảnh 1

APEC Year 2018, themed “Harnessing Inclusive Opportunities, Embracing the Digital Future”, has focused on improving connectivity and deepening regional economic integration, promoting inclusive and sustainable growth, and strengthening inclusive growth through structural reform.

This year is important to APEC in consolidating regional and global economic ties and anticipating the 30th anniversary of the forum in 2019.

APEC promotes global growth and connectivity

With the advent of the 4th Industrial Revolution, APEC is implementing major cooperative programs: the Strategy for Strengthening Quality Growth by 2020, the Renewed APEC Agenda for Structural Reform 2020, the Service Competitiveness Roadmap by 2025, the Blueprint on Connectivity by 2025, the Agenda on Advancing Economic, Financial, and Social Inclusion by 2030, and the Framework on Human Resources Development in the Digital Age by 2025.  

The Asia-Pacific region has contributed a great deal to the global economy. APEC’s growth has improved people’s living standards and narrowed development gaps. APEC’s facilitation of free trade has resulted in stronger growth for each member economy and the bloc as a whole. But the region’s leaders have called for a reorientation of cooperation goals. Vietnamese Minister of Industry and Trade Tran Tuan Anh said: “Amid globalization, we have seen a temporary rise of protectionism based on populism. Leaders of APEC economies need to harmonize domestic interests and shared goals.”

Vietnam pushes APEC initiatives  - ảnh 2 Vietnamese Minister of Industry and Trade Tran Tuan Anh (Photo: VNA)

Vietnam’s coordinator role in APEC

This year marks 20 years of Vietnamese membership in APEC. Vietnam has seen its position elevated by successful hosting of APEC Year 2017 and by its development and integration achievements.

This year Vietnamese ministries and sectors have implemented 14 projects to improve the capacity of public servants, small-and medium-sized enterprises, women, and workers in the areas of trade negotiation, digital skills, healthcare, and energy. Minister Tran Tuan Anh said: “We must make wise decisions to balance interests and demonstrate our ability to honor our commitments. Vietnam, too, faces adverse effects from globalization. All member countries must be committed to an integrated world and make sure the integration framework is viable, efficient, fair, and transparent.”

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