Vietnam asked to have stronger voice to promote globalisation
As the host of the APEC Year 2017, Vietnam should have a stronger voice to promote globalisation and connectivity among APEC members, thereby fostering trade liberalisation and bringing growth to all people.
Singapore (VNA) – As the host of the APEC Year 2017,Vietnam should have a stronger voice to promote globalisation and connectivityamong APEC members, thereby fostering trade liberalisation and bringing growthto all people.
The remark was made by Chairman of the SingaporeNational Committee for Pacific Economic Cooperation Tan Khee Giap at a meetingof the Pacific Economic Cooperation Council in Singapore on February 13.
APEC, comprising 21 economies, holds a big rolein promoting trade and investment and contributing to the common growth andprosperity, as well as poverty reduction in the region, he said, adding thatVietnam has made active contributions to this process.
Sharing the same view, Chairman of the VietnamNational Committee for Pacific Economic Cooperation Vo Tri Thanh said the roleof APEC is not eroded amidst the resurgence of protectionism but enhanced sinceright in this context. There is an even stronger need for APEC to strengthenintegration and connectivity in the region.
Singapore’s Trade and Industry Minister Lim HngKiang said though it is still far from the target of trade liberalisation, theAPEC member economies need to continue economic integration and consider this atop priority.
The realisation of a Free Trade Area of theAsia-Pacific (FTAAP) should remain a key in APEC’s agenda to boost regionaleconomic integration and help to reach the trade liberalisation target, hesaid.
He suggested the member economies invest more ineducation and training to improve labourers’ skills, strongly implementincentives to support micro-, small- and medium-sized enterprises which make upmore than 97 percent of the total businesses and 50 percent of the workforce inAPEC, and create more favourable conditions for e-commerce.
At the meeting, Vietnam’s Deputy ForeignMinister Bui Thanh Son said as the host of APEC activities in 2017, Vietnamworked with other members to discuss issues based on the four pillars of APECand reached high consensus.
Regarding the first APEC senior officials’meeting slated for early March in Nha Trang city, Vietnam thoroughly preparedproposals and incentives to be scrutinised, including the enhancement ofregional economic connectivity; the promotion of sustainable, creative andinclusive growth; support to SMEs; and the building of sustainable agriculturein response to climate change.
Vietnam will play a leading role in contributingto APEC through persisting with reform and intensive international integration,he noted.-VNA
The first APEC Senior Officials’ Meeting (SOM 1) in 2017 holds a significant meaning in reasserting APEC’s determination to boost cooperation for growth and connectivity in the Asian-Pacific region.
The Ministry of Public Security’s General Department of Logistics-Engineering held a ceremony in Hanoi on February 9 to launch tasks to prepare for Asia-Pacific Economic Cooperation (APEC) Year 2017.
The People’s Committee of Da Nang City, which is scheduled to host major activities of the APEC Year 2017, has instructed accelerating preparations for the event to ensure the pace of key projects.
The first Senior Officials’ Meeting of APEC (SOM1) and related meetings in 2017 will be organised in Nha Trang city, the south central province of Khanh Hoa, from February 18 to March 3.
The project rolled out 21 pilot models, from goat and pig farming to coffee cultivation and the adoption of agricultural technology, helping farmers beef up production, spruce up livestock facilities, and improve market linkages.
Vietnam is ready to serve as an important gateway for Korean enterprises to enter the Southeast Asian market. Korean firms with experience and advanced technology to engage in energy transition and national infrastructure modernisation, said Party leader To Lam.
Two-way trade between Vietnam and Cambodia topped 7 billion USD in the first seven months of the year, up 16.3% against the same time last year. Vietnam’s exports to Cambodia hit 3.2 billion USD, rising 5.1%, while imports rose 28.1% to 3.8 billion USD.
The event took place within the Vietnam–RoK Economic Forum which is part of the Vietnamese leader’s state visit to the RoK. The documents span areas including energy, digital infrastructure, manufacturing, logistics, tourism, finance, and high-quality personnel training.
According to the Ministry of Agriculture and Environment, in May, June, and July, the country exported 7,745 batches of fresh durians totaling over 207,000 tonnes, more than 10 times higher than in the first four months of the year, as well as 560 batches of frozen durians weighing nearly 16,000 tonnes, up almost 64.3%.
The global bicycle market is projected to reach 69 billion USD by 2029, growing at 4.2% annually, according to consultancy and market research company Mordor Intelligence.
After a challenging first quarter, during which many companies recorded losses, the Vietnamese cement market has experienced a remarkable recovery, with several firms unexpectedly reporting substantial profits in the second quarter of 2025.
The Party leader said Vietnam is continuing to improve its institutions, enhance the investment and business environment, and address bottlenecks to unlock resources and push ahead with economic restructuring in tandem with renewing the growth model.
Export value to Thailand reached 33 million USD in the first six months, accounting for 10% of Vietnam’s total squid and octopus export revenue and making Thailand the country’s fourth-largest single export market.
Large-scale projects invested by Korean investors in strategic sectors such as semiconductors and energy are poised to give a strong boost to foreign direct investment (FDI) inflows into Vietnam, creating momentum to attract more high-value projects from global investors.
The recent administrative merger offers a unique opportunity to establish a unified and synchronised logistics system, turning the Southeastern Key Economic Region into a high-performing hub for trade, investment, and marine economy.
Vietnam’s state budget revenue from import-export activities reached over 261.37 trillion (9.97 billion USD) in the first seven months of 2025, equivalent to 63.6% of the annual estimate and 55.6% of the targeted goal, marking a 9.1% increase year-on-year, the Department of Customs reported.
Experts warned that excessive capital concentration in high-risk sectors like real estate and securities, risks of imbalances and non-performing loans could increase.
Demand for durians in the Chinese market is surging, prompting growing interest among importers in seeking supply from Vietnam. With its geographical proximity, short transport time and distinctive flavour, Vietnamese durian is highly regarded for both quality and long-term growth potential.
EVN leaders said CMIS has advanced to version 4.0 over the past two decades, fully digitising operations and customer services while handling data for over 32 million clients and processing hundreds of millions of transactions each year.
With a combined market of over 370 million consumers, Vietnam and Indonesia leverage agricultural strengths: Vietnam leads in rice exports, while Indonesia dominates palm oil and coffee and is advancing toward rice self-sufficiency. Key cooperation opportunities span sustainable fisheries, hi-tech farming, agricultural science innovation, integrated value chains, and market access.
In the first seven months of this year, retail sales of goods were estimated at approximately 3.05 quadrillion VND, accounting for 76.4% of the total revenue and rising by 7.8% compared to the same period last year.
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The logo of APEC Vietnam 2017 
