APEC 2017: Malaysian media appraises Vietnam’s organisation
Vietnam made utmost efforts to ensure the success of the APEC 2017 Economic Leaders’ Week in Da Nang city from November 4-11, according to The Malay Mail.
APEC leaders and their spouses pose for a group photo at a gala dinner on November 10 (Photo: VNA)
Kuala Lumpur (VNA) – Vietnam made utmost efforts to ensure thesuccess of the APEC 2017 Economic Leaders’ Week in Da Nang city from November4-11, according to The Malay Mail.
Due to event’simportance in Vietnam’s policy of international integration, preparations forthe Leaders Week began early and were made meticulously.
The article said that the APEC theme of “Creating New Dynamism, Fostering A SharedFuture” for 2017 as well as priorities set by Vietnam were supported by APECeconomies.
The theme reflectsthe APEC member economies’ common concern about seeking “new dynamism” forintegration, connectivity and economic growth in the Asia-Pacific. It alsoshows APEC and Asia-Pacific’s target of “fostering a shared future” with peace,stability, development and prosperity.
As host of the event, Vietnam did its best to harmonise benefits and findcommon ground for differences among APEC members. The country also upholds itscommitments to supporting multilateral trade in the spirit of equality, mutualbenefits, voluntarism and mutual respect.
Achievements at conferences on inclusive development in economy, finance andsociety, cross-border e-ecommerce and startup innovation provided a basis for discussionsat the APEC 2017 Economic Leaders’ Week, the article noticed.
The APEC 2017 Economic Leaders’ Week was attended by heads of the world’sleading economies like US President Donald Trump, Russian President VladimirPutin and Chinese President Xi Jinping.
Founded in 1989, the 21-economy APEC is the Asia Pacific’s premier economicforum. Its primary goal is to support sustainable economic growth andprosperity in Asia-Pacific. Member economies account for 39 percent of theworld population, 57 percent of the world GDP and 47 percent of the globaltrade, according to statistics in 2014.
Vietnam joined APEC in 1998 and hosted APEC events this year after the firsttime in 2006.-VNA
Mexican Secretary of Foreign Affairs Luis Videgaray has said that he was impressed by ideas proposed by Vietnam at the APEC 2017 Economic Leaders’ Meeting, adding that Mexico fully supports the agenda
Leaders of APEC economies have expressed their strong commitment to the multilateral trade system in the digital age and anti-protectionism while also recognised the importance of bilateral agreements, stated Thailand’s The Nation.
President Tran Dai Quang partly attributed the success of the 2017 Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting to contributions by 35 domestic and foreign special, main and co-sponsors.
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
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The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
APEC leaders and their spouses pose for a group photo at a gala dinner on November 10 (Photo: VNA) 
