APEC senior financial officials to meet in Ninh Binh
The APEC Senior Finance Officials’ Meeting (SFOM) will take place in the northern province of Ninh Binh on May 18-19 as part of three major events of the APEC 2017 Finance Ministers’ Process.
Security is strengthened for the meeting (Source: VNA)
Hanoi (VNA) - TheAPEC Senior Finance Officials’ Meeting (SFOM) will take place in the northernprovince of Ninh Binh on May 18-19 as part of three major events of the APEC2017 Finance Ministers’ Process. During the two-day meeting, APEC senior financialofficials will continue discussing and assessing theprogress of realising cooperation priorities approved at the APEC Finance andCentral Bank Deputies Meeting in Khanh Hoa province’s Nha Trang city inFebruary. They will also prepare contents forthe Finance Ministers’ Meeting slated for October in Hoi An, central Quang Namprovince.
The four prioritized subjects include long-term investment ininfrastructure, base erosion and profit shifting (BEPS), disaster riskfinancing and insurance (DRFI), and cooperation in the comprehensive financialfield.
The officials will also discuss the international and regional economicsituation, assess advantages and disadvantages the Asia-Pacific region isfacing and forecast regional prospects in the coming time.
Theywill also review the progress of implementing the Cebu Action Plan’sinitiatives.
During the event, for the first time, there wဣill be discussions between thesenior financial officials and APEC Life Sciencesꦐ Innovation Forum and the HealthWorking Group on the impacts of community health to budget and the economy, andwith the Economic Committee on financial issues in APEC structural reform andinfrastructure development programme.
Theseare important steps, opening up future cooperation activities between financialofficials and other working groups/forums within and outside APEC.-VNA
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The cross-border exchange of credit information is critical to promoting the quality and efficiency of investment and business activities of all APEC member economies, an official of Vietnam’s central bank said.
The APEC forum needs to hold aloft the flag of trade and investment liberalisation despite the fact that there remained scepticism about globalisation and protectionism has arisen in several member economies.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Security is strengthened for the meeting (Source: VNA) 
