November 30, 2020 20:57 | About us
Language: Tiếng Việt | ພາ​ສາ​ລາວ | ខ្មែរ | русский | 中文

Vietnam is a proactive and responsible member of APEC

November 20, 2020 | 08:54

Since joining the Asia-Pacific Economic Cooperation (APEC) in 1998, Vietnam has proved itself as a proactive and responsible member and made significant contributions to the group’s prosperous development.

pm begins activities at apec economic leaders week PM begins activities at APEC Economic Leaders’ Week
pm to attend 26th apec economic leaders meeting in papua new guinea PM to attend 26th APEC Economic Leaders’ Meeting in Papua New Guinea
deputy fm apec year 2017 outcomes to be realized Deputy FM: APEC Year 2017 outcomes to be realized

The country officially became a member of the APEC at an APEC Ministerial Meeting held in Malaysia in November 1998. Membership to the group served to help Vietnam boost international integration and simultaneously enable it to have a strong voice to develop and shape both regional economic and trade structures, VOV reported.

Joining the APEC allowed the country to participate in large organizations that involved higher levels of commitment, such as the World Trade Organization (WTO) and free trade agreements (FTA), including new generation FTAs.

0947 1
Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) attends the 31st APEC Ministerial Meeting on November 16. Photo courtesy of Ministry of Foreign Affairs.

Vietnam is one of the few APEC members to have twice successfully hosted the regional leaders’ summit, first in 2006 and then again in 2017.

When hosting the 2006 APEC summit, the country strived to foster bilateral relations with many key partners, including China, the United States, Russia, and Japan, mainly through visits by each respective leaders as part of the meeting.

The results of the 2006 summit, themed “Towards a Dynamic Community for Sustainable Development and Prosperity”, provided fresh impetus to more effective and dynamic co-operation in the region.

Winning international trust, Vietnam was then chosen to host another APEC summit in 2017. Indeed, the success of bilateral visits and dozens of bilateral talks and meetings held during the course of the 2017 summit served to set the foundation for the country to boost relations with many regional partners.

0950 2
Photo: Communist Party of Vietnam Online Newspaper

Launched with the theme of “Creating New Dynamism, Fostering a Shared Future”, Vietnam presided over and coordinated with other members in order to introduce a range of co-operation initiatives towards sustainable, innovative, and inclusive development, alongside regional trade liberalization, investment, and connectivity facilitation. These initiatives have helped to assert APEC’s leading role in terms of global economic and trade governance in response to common challenges that occur.

The Vietnamese side also hosted discussions on APEC’s post-2020 vision, along with the first APEC-ASEAN dialogue, while also making positive contributions to forming the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) during the APEC Leaders’ Week in Da Nang in 2017. During the week, an APEC CEO Summit was held, attracting the participation of over 2,100 representatives from the world’s leading businesses.

Most notably, the country was one of the most active participants in putting forward initiatives and projects of mutual concern during the summit, including those relating to inclusive development, human resource development in the digital age, cross-border e-commerce facilitation, food security, climate change, and urban and rural development.

0951 3
Photo: Communist Party of Vietnam Online Newspaper

Vietnam made many contributions to the governance of APEC activities through assuming the role of the executive director of the APEC Secretariat (2005-2006), chairman and vice chairman of many key APEC committees and working groups. Notably, Vietnam took on the role of chairman and vice-chairman of 18 APEC committees, working groups, and APEC Business Advisory Council (ABAC) between 2016 and 2018, receiving acclaim from the members.

This year has seen the country assume the dual role of ASEAN Chair and a non-permanent member of the United Nations Security Council. It has worked closely alongside Malaysia, the host of the APEC Summit 2020, and other members in order to maintain APEC’s co-operation momentum amidst challenges caused by the novel coronavirus (COVID-19).

Moreover, Vietnam has been an active participant in approximately 100 APEC meetings and conferences, including nine ministerial-level meetings. Simultaneously, it has actively engaged in outlining many important co-operation orientations of APEC, such as the APEC Vision post-2020, the APEC Energy Vision post-2020, the APEC structural reform scheme for 2021-2025, meeting statements, and other important documents.

Vietnam affirms it will continue to work alongside APEC on the forum’s upcoming development path for the purpose of building a strategic vision of a peaceful, stable, dynamic, creative, cohesive, and prosperous Asia-Pacific community.

exhibition featuring mosaic portraits of 21 apec economic leaders launched Exhibition featuring mosaic portraits of 21 APEC Economic Leaders launched

(VNF) – The exhibition “Portrait of 21 APEC Economies Leaders on Vietnamese ceramic” was launched on November 18 in Hanoi.

apec members towards market integration APEC members: Towards market integration

Without a developed bond market, the majority of corporate borrowing will be in the form of bank loans. Many analysts believe that the Asian Crisis ...

apec 2017 a comprehensive success deputy pm pham binh minh APEC 2017 a comprehensive success: Deputy PM Pham Binh Minh

The APEC Year 2017, with the freshly-concluded APEC Economic Leaders’ Week in Da Nang, was a comprehensive success, Deputy Prime Minister and Foreign Minister Pham ...

Malie Nguyen