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VCCI News

Last updated: Thursday, November 16, 2017

 

Aggressive Preparation for APEC Vietnam 2017

Posted: Wednesday, July 05, 2017


“Producing agendas, inviting speakers and preparing logistics and facilities for APEC meetings are among tasks of the Vietnam Chamber of Commerce and Industry (VCCI) for the APEC year 2017. VCCI has actively promoted APEC Vietnam 2017 on domestic and international media, particularly the APEC CEO Summit 2017 in the first six months of 2017.”

This information was revealed by Dr Vu Tien Loc, VCCI President and Chairman of APEC CEO of Summit 2017, at a press conference informing the results of the 2nd Meeting of the APEC Business Advisory Council (ABAC) and updating APEC business-related events hosted by VCCI in the second quarter of 2017 in Hanoi.

At the meeting, Mr Hoang Van Dung, Chairman of ABAC Vietnam, informed the Second ABAC Meeting from April 24 to 29, 2017 in Seoul, Korea to send recommendations on business priorities to APEC Trade Ministers. Based on the theme of APEC 2017 “Creating New Dynamism, Fostering a Shared Future”, participants agreed on recommendations on benefits of liberalisation, development of trade in services and reduced non-tariff barriers to goods. Chaired by Vietnam, the ABAC meeting also highlighted the importance of the World Trade Organisation (WTO) and the value of ambitious and comprehensive trade agreements, including the ultimate goal of the Free Trade Area of the Asia-Pacific (FTAAP). In addition, ABAC noted that stronger supply chains will provide a better opportunity to realise the huge potential of the digital economy and lenient policies will enable MSMEs to get an easier access to international markets and global value chains and strengthen the participation of women in the economy.

ABAC delivered a message on a new phase to member economies and to worldwide economies. ABAC said, “This is a challenging time for trade liberalisation. But, we cannot give up on core values and aspirations of APEC economies. This is a right time to promote regional economic integration. And only by doing so can we achieve a more stable, inclusive, peaceful and prosperous global economy.”

After two sessions in Bangkok and Seoul, ABAC attended and presented its recommendations to some workshops and the APEC Senior Officials Meeting (SOM 2) to submit them to APEC Ministers for Trade in Hanoi on May 20 and 21.

Dr Loc said, in the first six months of 2017, in addition to making meeting agendas, inviting speakers and preparing logistics and facilities for meetings, VCCI has actively promoted APEC Vietnam 2017 on domestic and international media, particularly the APEC CEO Summit 2017.

In particular, it hosted road shows in major APEC economies such as the United States, Singapore, China, Korea and Japan, and achieved initial positive results as the major economies showed interests and commitments to send large business delegations to APEC events.

In the coming time, VCCI will continue to launch promotions in Australia, New Zealand and Canada.

He added that VCCI cooperated with PricewaterhouseCoopers (PwC), a Big Four auditing and business advisory firm of the world, standardised documents and guided Vietnamese provinces and cities to prepare documents of international standards on trade, investment and tourism promotion, which will be released at the APEC 2017 Summit in Danang City.

Besides, VCCI also organised a training workshop for promotion agencies of provinces and cities to launch their trade, investment and tourism activities during the APEC 2017 Summit Week in Hanoi on June 2.

“For the first time in APEC history, trade protectionism has risen sharply. In particular, globalisation in the current context of the Fourth Industrial Revolution has also been very different. In some places, globalisation process is still 'hesitating' but the globalisation atmosphere is quite strong in Vietnam. This has created favourable conditions but also posed numerous challenges to the Vietnamese economy,” Dr Loc shared.

Therefore, he asserted that, in the coming time, the three most important aspects of globalisation restructuring are: Globalisation must be inclusive and thorough; globalisation is concerned not only with manufacturing sector but also with service; and soft globalisation, i.e. voluntariness, consensus and respect for national sovereignty.

VCCI President Loc added that APEC has 21 economies but they account for 70 per cent of Vietnam's trade value. For that reason, APEC plays a very important role in Vietnam’s economic development, especially business development.

Quynh Chi








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