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The Indo-Pacific Business Forum (IPBF 2020) welcomed in Hanoi

October 28, 2020 | 17:18

The third annual Indo-Pacific Business Forum (IPBF 2020) opened on Wednesday's morning October 28 in Hanoi to advance a vision for the Indo-Pacific as a free and open region composed of nations that are independent, strong, and prosperous.

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The overview of the IPBF 2020's opening. Photo: thanhnien

Following the direction of the Vietnam Deputy Prime Minister, Minister of Foreign Affairs Pham Binh Minh, the Vietnam Chamber of Commerce and Industry (VCCI) presided over and in partnership with the Ministry of Foreign Affairs, the Ministry of Industry and Trade, other governmental agencies and the United States Government, the U.S. Chamber of Commerce, the U.S.-ASEAN Business Council are holding IPBF 2020 from October 28-29.

This year, due to the Covid-19 spread leading to travel restrictions, many delegations and participants attending from the United States have to join the virtual conference room in Hanoi.

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An online discussion session at the conference. Photo: thanhnien

Addressing the opening speech of IPBF 2020, Vietnam Chamber of Commerce and Industry (VCCI) President Vu Tien Loc said that the forum was an opportunity to strengthen cooperation towards a closer and deeper direction for post-pandemic economic recovery.

The U.S. Chamber of Commerce 's Executive Vice President and Head of International Affairs Myron Brilliant affirmed that regardless of the US presidential election results, Washington's commitment to the Indo-Pacific and especially ASEAN region would not change.

Brilliant welcomed the rise of China's economy, but called for Beijing's commitment to comply with international law and increase transparency towards a secure and prosperous Indo-Pacific for all parts.

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Vietnam Deputy Prime Minister, Minister of Foreign Affairs Pham Binh Minh

At the Forum's opening, Deputy Prime Minister Pham Binh Minh said that IPBF 2020 was welcomed at the right time, providing a valuable opportunity for the parties to fully and thoroughly discuss the issues and challenges during the last time.

The lesson was learnt from the Covid-19 pandemic that no single country could be safe from the pandemic, and it was more necessary than ever for such cooperation as the IPBF 2020 bringing, Deputy Prime Minister Pham Binh Minh emphasized, at the same time, said that Vietnam played an important role in the picture of the regional economy and security.

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Secretary of State Mike Pompeo speaking afar

Speaking online, US Secretary of State Mike Pompeo highly appreciated Vietnam in the role of ASEAN chair, which has steered ASEAN through difficult times this year, and especially remainedly hosted the IPBF 2020 in this context. He wishes the forum reap real successes.

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