Prime Minister Nguyen Xuan Phuc launched the APEC Summit

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Prime Minister Nguyen Xuan Phuc in dialogue between APEC leaders and Pacific Islanders. Photo: Thong Nhat / VNA

On November 17, Prime Minister of Papua New Guinea, Peter O'Neill, held a ceremony for APEC representatives with formal and traditional ceremonies.

After attending the ceremony, Prime Minister Nguyen Xuan Phuc attended the APEC Leadership Dialogue with the APEC Business Advisory Group (ABAC). As part of the dialogue, ABAC members, representatives of the Asian-Pacific Business Community, introduced several important recommendations to APEC leaders to further promote regional economic integration. Promoting a multilateral trading system, developing the digital economy, facilitating entrepreneurship, especially micro-enterprises, small and medium-sized enterprises, connecting to the global value chain, developing and building APEC Vision after 2020 …

APEC leaders appreciated the recommendations and contributions of an important business community to develop the region's prosperity and confirmed that it would consider its proposals during the development of cooperation. APEC, as well as the development policy of each economy.

After the plenary session, Prime Minister Nguyen Xuan Phuc and the Indonesian President, Australian Prime Minister and Head of the Taipei-China delegation chaired a meeting with ABAC.

Enterprises have raised specific concerns about free and open trade, the digital economy and cyber security, sustainable growth, inclusive and fair sharing of the benefits of trade liberalization for all. . Many ABAC members congratulated Vietnam for having recently approved the Transparent Comprehensive Transparency Partnership (CPTPP) and confirmed it to be a great opportunity for foreign firms to increase their investment and business. in Vietnam.

Prime Minister Nguyen Xuan Phuc, in an interview with business community representatives in the region, stressed that the National Assembly of Vietnam had approved the CPTPP at 100% of participants confirming Vietnam's determination to continue its innovations. Be inclusive, proactive, integrate actively internationally, support free and open trade and investment, based on rules and high standards.

CPTPP brings its members a wealth of strategic and economic benefits, including Vietnam. It is essential to motivate Vietnam to strengthen institutional reform, restructure the economy, improve investment and business environment, improve labor productivity, quality and competitiveness, expand economic and development links, create opportunities for businesses to become more involved in the value chain and the global manufacturing chain.

Prime Minister Nguyen Xuan Phuc also stressed that the first new free trade agreement was in place, with the CPTPP posing many challenges for Vietnam, especially at a time when there is strong competition. The domestic market requires that new problems, increased vulnerability to global and regional economic fluctuations, as well as social problems such as inequality, growth, job loss …

PM also stressed that with the ratification of the CPTPP to sign and ratify the Vietnam-EU Free Trade Agreement (EVFTA), Vietnam joins a network of 16 Free Trade Agreements with nearly 60. The result is that Vietnam's economic integration has moved into a new phase beneficial to business community in the region.

In talks with Vietnam's companies on digital economic development, Prime Minister Nguyen Xuan Phuc has confirmed that Vietnam is actively preparing its infrastructure for the digital economy, in particular the construction of public infrastructure. modern technology, strong digital transformation, e-government building, intelligent cities …

The Government of Vietnam has legally issued many important policies to create a favorable environment for the digital economy. Sharing the opportunities and challenges that Vietnam poses in the digital economy, Prime Minister Nguyen Xuan Phuc calls on the business community in the region, and ABAC actively contributes to policy, boosts investment, shares Vietnam's experience of developing a digital economy that serves corporate interests.

* Following a very active exchange with the business community in the region, Prime Minister Nguyen Xuan Phuc attended the APEC leadership dialogue with the Pacific Islanders.

The leaders of 14 Pacific Islands, including the Cook Islands, Federated States of Micronesia, Kiribati, Marshall Islands, Nauru, New Caledonia, Niue, Fiji, French Polynesia, Tonga, Tuvalu and Vanuatu, participated in the conference. , Samoa and Solomon Islands.

Under the 'Partnership for a Comprehensive Future', the dialogue focused on coordination between APEC and the Pacific islands in order to promote regional economic integration and coordination. on digital issues and responding to common challenges, especially climate change, towards inclusive and sustainable regions.

In the framework of the dialogue, Prime Minister Nguyen Xuan Phuc proposed further strengthening of complementarity and coordination between APEC and the Pacific Islands Forum in order to promote sustainable and transparent regional economic integration. highly adaptable.

Prime Minister Nguyen Xuan Phuc also expressed his gratitude to the Asian-Pacific peoples, including many Pacific islands, for supporting Vietnam as the only candidate for unstable members. on the deadline of the UN Security Council for 2020-2021, and look forward to the upcoming support of the Forum members.

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