President Tran Dai Quang attends the opening session of leaders of APEC Peru 2016 economies. Photo: VNA
President Tran Dai
Quang, his wife and a high-level delegation of Viet Nam arrived in Lima,
Peru to attend the 24th High-level Week of the Asia-Pacific Economic
Cooperation Forum (APEC) on 17-20 November.
With the theme “Quality Growth and Human Development,” the APEC Peru 2016 focused on promoting four main priorities: regional economic connectivity and quality growth, regional food markets, modernization of micro, small- and medium-sized enterprises, and human resources development. After attending the ceremony to welcome Heads of delegations, President Tran Dai Quang attended a dialogue and group meeting with APEC’s Business Advisory Council (ABAC). The leaders and entrepreneurs discussed ways to promote growth and connectivity in Asia-Pacific admist the world’s slow economic recovery, protectionism and anti-globalisation sentiment are on the rise.
President Tran Dai Quang joined Malaysian Prime Minister Najib Razak, South Korean Prime Minister Kim Byong-joon and US Trade Representative Michael Froman to co-chair the dialogue with ABAC members. At the dialogue, President Tran Dai Quang emphasized that the APEC economies were resolved to pursue trade liberalization and investment to promote quality growth, support enterprises, especially the micro, small- and medium-sized enterprises to grasp opportunities of the fourth industrial revolution, and the digital era. APEC businesses must work with the governments to identify new impetus to boost economic growth. The President highlighted Vietnam's efforts in promoting restructuring and improving labor productivity, giving priority to scientific and technological transfer and administrative reform.
In the afternoon, President Tran Dai Quang attended and delivered a speech at the closing session of the APEC CEO Summit in Lima, Peru. This is the most important event for the business community in Asia-Pacific which is held annually within the framework of the APEC High-level Week with the participation of about 1,000 representatives from top regional businesses.
In his speech, President Tran Dai Quang conveyed Vietnam’s welcome to APEC businesses to attend the APEC CEO Summit in the framework of the 25th APEC High-level Week to be held in the city of Da Nang.
Referring to regional and global economic issues, President Tran Dai Quang pointed out that this year is the fifth consecutive year when global growth fells below the average level of 3%, the global trade is all-time low in 15 years and APEC runs the risk of slower growth as compared to that of the world. Along with that, climate change, international terrorism, pandemics, cyber security, water security, food security, energy security, migration issues are posing many unprecedented challenges toward economic recovery and sustainable development.
Meanwhile, the fourth industrial revolution with a global commitment to implement the Agenda on Sustainable Development and the Agreement on Climate Change are creating a new momentum for inclusive and quality growth. The extensive and landmark economic connectivity, notably the Agreement on Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP) and the ASEAN Community have promised to bring about vast development space.
President Tran Dai Quang noted that in the globalized world full of uncertainties, more than ever, APEC needs to continue to reaffirm its role as an idea incubator, and a driver for innovation, growth and economic integration. The focus of the coming years must be on economic restructuring, improve labor productivity, develop high quality human resources, improve the competitiveness and innovative capacity of enterprises, especially micro, small- and medium-sized enterprises.
President Tran Dai Quang also emphasized efforts to build a constructive, transparent, efficient State for the interests of the people and businesses of Vietnam. As a dynamic and highly open economy and a destination for many multinational corporations, Vietnam has increasingly linked to both sides of the Pacific through partnerships, the ASEAN Community and a network of 16 free trade agreements (FTAs) with 59 partners, including 18 APEC members. The effective cooperation of APEC enterprises in Vietnam as well as Vietnamese enterprises in the APEC economies is vivid evidence of this connectivity. This includes the success of Viettel Group, the leading telecommunications business of Vietnam in Peru.
Earlier in the day, at the Convention Center in Lima, a high-level meeting of leaders of 12 Trans-Pacific partnership (TPP) member states took place under the chairmanship of US President Barack Obama. It was the seventh high-level meeting and the first meeting of leaders of TPP member countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States and Vietnam since the Agreement was signed on 4 February 2016 in Auckland, New Zealand.
The same day, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh attended the Informal Dialogue of APEC Leaders with the Pacific Alliance which consists of four Latin-American countries of Peru, Mexico, Chile and Colombia.
The 24th APEC Summit concluded successfully, adopting the Declaration of the APEC leaders with two documents including “The Lima Declaration on Asia-Pacific Free Trade Area” and “The roadmap for competitiveness in the service sector.” The Declaration of the leaders reaffirmed their commitment to maintain the leading role of APEC in liberalizing trade and investment, sustainable economic growth and prosperity in Asia - Pacific.
President Tran Dai Quang, his wife and the high-level delegation of Vietnam left Lima on 20 November after attending the 24th High-level Week of the Asia-Pacific Economic Cooperation Forum (APEC).