ABAC III: APEC needs to be open, innovative and inclusive region

Vietnam’s Deputy Foreign Minister Bui Thanh Son, in his speech at the plenary session of the APEC Business Advisory Council (ABAC)’s third meeting in 2017 in Toronto, Canada on July 26, urged the business community in APEC economies to actively join the forum’s activities this year. Vietnam’s Deputy Foreign Minister Bui Thanh Son The Vietnamese Deputy FM detailed APEC’s progress in the first half of 2017, especially the outcomes of APEC’s Second Senior Officials’ Meeting (SOM2) and relevant meetings in May in Hanoi, the APEC Ministers Responsible for Trade Meeting in Hanoi and preparation for SOM3 in Ho Chi Minh City next month.  According to Son, many issues were discussed at the meetings, towards realising previous APEC agreements and commitments, including implementing the Bogor Goals on free trade and investment, aiming to realise the APEC Strategy for Strengthening Quality Growth, the APEC Services Competitiveness Roadmap, the Master Plan on Connectivity and the Lima Declaration on Free Trade Area of the Asia Pacific.   Canadian Minister of International Trade Francois-Phillippe Champagne stressed the significance of APEC cooperation in economic growth in the Asia Pacific. Participants approved the SOM2, and discussed the draft 2017 ABAC Letter, and the dialogue form between ABAC and APEC leaders. They were also updated on the CEO APEC Survey on difficulties and prospect of the regional and global economy.  Attendees proposed ideas to improve ABAC in particular and APEC in general, suggesting practical dialogues with APEC leaders to address difficulties in the region.  Taking place from July…... [read more]

Toronto, July 27 (VNA) – Vietnam’s Deputy Foreign Minister Bui Thanh Son, in his speech at the plenary session of the APEC Business Advisory Council (ABAC)’s third meeting in 2017 in Toronto, Canada on July 26, urged the business community in APEC economies to actively join the forum’s activities this year.  The Vietnamese Deputy FM detailed APEC’s progress in the first half of 2017, especially the outcomes of APEC’s Second Senior Officials’ Meeting (SOM2) and relevant meetings in May in Hanoi, the APEC Ministers Responsible for Trade Meeting in Hanoi and preparation for SOM3 in Ho Chi Minh City next month.  According to Son, many issues were discussed at the meetings, towards realising previous APEC agreements and commitments, including implementing the Bogor Goals on free trade and investment, aiming to realise the APEC Strategy for Strengthening Quality Growth, the APEC Services Competitiveness Roadmap, the Master Plan on Connectivity and the Lima Declaration on Free Trade Area of the Asia Pacific.  Canadian Minister of International Trade Francois-Phillippe Champagne stressed the significance of APEC cooperation in economic growth in the Asia Pacific.  Participants approved the SOM2, and discussed the draft 2017 ABAC Letter, and the dialogue form between ABAC and APEC leaders. They were also updated on the CEO APEC Survey on difficulties and prospect of the regional and global economy.  Attendees proposed ideas to improve ABAC in particular and APEC in general, suggesting practical dialogues with APEC leaders to address difficulties in the region.  Taking place from July 24-28, the ABAC meeting…... [read more]

Vietnam’s Deputy Foreign Minister Bui Thanh Son (Source: VNA) Toronto (VNA) – Vietnam’s Deputy Foreign Minister Bui Thanh Son, in his speech at the plenary session of the APEC Business Advisory Council (ABAC)’s third meeting in 2017 in Toronto, Canada on July 26, urged the business community in APEC economies to actively join the forum’s activities this year. The Vietnamese Deputy FM detailed APEC’s progress in the first half of 2017, especially the outcomes of APEC’s Second Senior Officials’ Meeting (SOM2) and relevant meetings in May in Hanoi, the APEC Ministers Responsible for Trade Meeting in Hanoi and preparation for SOM3 in Ho Chi Minh City next month. According to Son, many issues were discussed at the meetings, towards realising previous APEC agreements and commitments, including implementing the Bogor Goals on free trade and investment, aiming to realise the APEC Strategy for Strengthening Quality Growth, the APEC Services Competitiveness Roadmap, the Master Plan on Connectivity and the Lima Declaration on Free Trade Area of the Asia Pacific.   Canadian Minister of International Trade Francois-Phillippe Champagne stressed the significance of APEC cooperation in economic growth in the Asia Pacific. Participants approved the SOM2, and discussed the draft 2017 ABAC Letter, and the dialogue form between ABAC and APEC leaders. They were also updated on the CEO APEC Survey on difficulties and prospect of the regional and global economy. Attendees proposed ideas to improve ABAC in particular and APEC in general, suggesting practical dialogues with APEC leaders to address difficulties in the region.…... [read more]

Delegations from the 21 APEC economies, including representatives of enterprises, organisations and institutions, shared experience and put forth numerous proposals.  Most of them stressed the role of financial resources, public-private partnership and application of digital technologies in supporting business development, promoting innovation, creativity and trade in goods and services, and investing in long-term infrastructure projects in the future. Speaking at the APEC-Canada Growing Business Partnership Symposium (ABACx), ABAC Vietnam Chairman Hoang Van Dung emphasised the massive impacts of the Fourth Industrial Revolution, which will generate opportunities for businesses, particularly micro, small- and medium-sized enterprises (MSMEs), to engage in global trade, increase their competitiveness, innovate and access markets.  The Industry 4.0 will also help them optimise comparative advantages, deal with trade barriers and produce goods at lower expenses.  However, there are obstacles hampering MSMEs’ access to those chances, he noted. Therefore, ABAC calls for the building of a progressive e-commerce policy framework across the APEC region to boost businesses’ access to and application of digital technologies and help them gain comprehensive access to databases in the region and the world. Dung added ABAC also wants to set up programmes on building MSMEs’ online and offline e-commerce capacity. At a roundtable discussion on expanding trans-Pacific infrastructure investment opportunities, participants said many governments are facing financial problems while the infrastructure investment demand is forecast to rise to about US$5 trillion each year from now to 2030.  The Asian Development Bank (ADB) estimates…... [read more]

ABAC Vietnam Chairman Hoang Van Dung (Photo: VNA) Toronto (VNA) – Participants in the third meeting of the APEC Business Advisory Council (ABAC III) took part in various roundtable discussions and symposiums on July 25, the event’s second working day, focusing on finance and business development in the era of innovation and digitalisation. Delegations from the 21 APEC economies, including representatives of enterprises, organisations and institutions, shared experience and put forth numerous proposals.  Most of them stressed the role of financial resources, public-private partnership and application of digital technologies in supporting business development, promoting innovation, creativity and trade in goods and services, and investing in long-term infrastructure projects in the future. Speaking at the APEC-Canada Growing Business Partnership Symposium (ABACx), ABAC Vietnam Chairman Hoang Van Dung emphasised the massive impacts of the Fourth Industrial Revolution, which will generate opportunities for businesses, particularly micro, small- and medium-sized enterprises (MSMEs), to engage in global trade, increase their competitiveness, innovate and access markets. The Industry 4.0 will also help them optimise comparative advantages, deal with trade barriers and produce goods at lower expenses.  However, there are obstacles hampering MSMEs’ access to those chances, he noted. Therefore, ABAC calls for the building of a progressive e-commerce policy framework across the APEC region to boost businesses’ access to and application of digital technologies and help them gain comprehensive access to databases in the region and the world. Dung added ABAC also wants to set up programmes on…... [read more]

Delegations from the 21 APEC economies, including representatives of enterprises, organisations and institutions, shared experience and put forth numerous proposals. Most of them stressed the role of financial resources, public-private partnership and application of digital technologies in supporting business development, promoting innovation, creativity and trade in goods and services, and investing in long-term infrastructure projects in the future.  Delegates at the meeting Speaking at the APEC-Canada Growing Business Partnership Symposium (ABACx), ABAC Vietnam Chairman Hoang Van Dung emphasised the massive impacts of the Fourth Industrial Revolution, which will generate opportunities for businesses, particularly micro, small- and medium-sized enterprises (MSMEs), to engage in global trade, increase their competitiveness, innovate and access markets. The Industry 4.0 will also help them optimise comparative advantages, deal with trade barriers and produce goods at lower expenses. However, there are obstacles hampering MSMEs’ access to those chances, he noted. Therefore, ABAC calls for the building of a progressive e-commerce policy framework across the APEC region to boost businesses’ access to and application of digital technologies and help them gain comprehensive access to databases in the region and the world. Dung added ABAC also wants to set up programs on building MSMEs’ online and offline e-commerce capacity. At a roundtable discussion on expanding trans-Pacific infrastructure investment opportunities, participants said many governments are facing financial problems while the infrastructure investment demand is forecast to rise to about 5 trillion USD each year from now to 2030. The Asian…... [read more]

NDO/VNA – Participants in the third meeting of the APEC Business Advisory Council (ABAC III) took part in various roundtable discussions and symposiums, on July 25, the event’s second working day, focusing on finance and business development in the era of innovation and digitalisation. Delegations from the 21 APEC economies, including representatives of enterprises, organisations and institutions, shared their experience and put forth numerous proposals. Many of them stressed the role of financial resources, public-private partnerships and the application of digital technologies in supporting business development, promoting innovation, creativity and trade in goods and services, and investing in long-term infrastructure projects in the future. Speaking at the APEC-Canada Growing Business Partnership Symposium (ABACx), ABAC Vietnam Chairman Hoang Van Dung emphasised the massive impact of the Fourth Industrial Revolution, which will generate opportunities for businesses, particularly micro, small- and medium-sized enterprises (MSMEs), to engage in global trade, increase their competitiveness, innovate and access markets. The Industry 4.0 will also help them optimise their comparative advantages, deal with trade barriers and produce goods at a lower expense. However, there are obstacles hampering MSMEs’ access to those chances, he noted. Therefore, ABAC calls for the construction of a progressive e-commerce policy framework across the APEC region to boost businesses’ access to and application of digital technologies and help them gain comprehensive access to databases in the region and the world. Dung added that ABAC also wants to set up programmes on building MSMEs’ online and offline e-commerce capacity. At a roundtable discussion on…... [read more]

Earlier, a few days before the traditional Lunar New Year Festival (Tet), the National Committee for APEC 2006 officially made its debut in Hanoi under the chairmanship of Deputy Prime Minister Vu Khoan. Furthermore, the construction of an international conference centre, which will be the venue for APEC 14, is being finalised ahead of schedule. Preparatory work for the event such as transport vehicles, personnel staff and accommodation is currently being hastened. A huge framework in preparation for Vietnam’s most important international event in 2006 has been put into operation. Regarding the significance of Vietnam hosting APEC 14, Deputy PM Vu Khoan noted that the Year of APEC 2006, with the APEC Summit Week as a focal point, set to be held from November 12-19, will be the most important event for Vietnam in 2006 in terms of external relations. It will provide a great source of pride for Vietnamese people and demonstrate the country’s greatest contribution to the development of APEC, vividly highlighting Vietnam’s image and increasing the country’s position in the regional and international arena, Mr Khoan said. The event will show Vietnam’s determination to continue accelerating the international economic integration process and address urgent issues in the region and world. 2006 will be the year of great significance as Vietnam is exerting greater efforts to promote the negotiation process for its admission to the World Trade Organisation (WTO). One of major topics at the 14th APEC will be the promotion of economic co-operation. Despite being rated as…... [read more]

Speaking to reporters prior to SOM I, Deputy Prime Minister Vu Khoan said the National Committee for APEC 2006 asked ministries, sectors and localities to make thorough preparations to make SOM I a success. During the first working day of SOM I, a series of meetings and seminars were held, including a meeting of the Sub Committee on Standards and Conformance (SCSC), a dialogue of the Joint Advisory Committee for Mutual Recognition Arrangement on Conformity Assessment for Electrical and Electronic Equipment (JAC EEMRA), a meeting of the Investment Experts’ Group (IEG), the Life Sciences Innovation Forum (LSIF), a dialogue the of Electronic Commerce Steering Group (ECSF) and a symposium on Information Privacy Protection in E-Government and E-commerce. These conferences will run until March 2 before the SOM 1 conference officially opens. Many forums immediately obtained good results. The Life Sciences Innovation Forum reached a consensus on measures to implement seven key issues, particularly co-operation in combating infectious diseases such as bird flu, trafficking and the production of fake medicine. Members of the Sub Committee on Standards and Conformance (SCSC) discussed measures to streamline the customs procedures of APEC economies. One solution agreed to by APEC members was the implementation of non-paper commerce for developed members in 2005 and for developing members by 2010. At the symposium on Information Privacy Protection in E-Government and E-commerce, participants shared experiences in building action plans for APEC-member economies to realise a common privacy policy and legal framework, as well as technical support, which were…... [read more]

In the form of an open letter addressed to APEC leaders who will attend the 14th APEC Summit in Hanoi next month, they openly criticise the leadership of the Communist Party of Vietnam (CPV), distort the State’s role and claim that “Vietnam is stifling freedom and democracy and violating human rights”. What’s really behind such allegations? Radio the Voice of Vietnam (VOV) has this comment.There is nothing new in their allegations. The only difference this time is that they have sent the whole contents of their open letter which is addressed to APEC leaders to media agencies of some Western countries such as the British Broadcasting Corporation (BBC), Radio Free Asia (RFA) and Radio France International (FRI). They have even sent a petition with the same contents to these media agencies in an attempt, as they expect to achieve through the press forums, to bring international public pressure to bear upon Vietnam to promote the democratic process. In addition, they have also colluded with some foreign hostile forces in a motion they propose to the US Congress not to approve permanent normal trade relations (PNTR) status for Vietnam and not to remove Vietnam from the list of “countries of particular concern” on religion.Obviously, they intend to launch a slanderous campaign against Vietnam in the democracy and human rights issues with the aim of tarnishing its prestige and position in the APEC, preventing all APEC economies from boosting investment and cooperation with Vietnam and subsequently obstructing the country’s development and international…... [read more]




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