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President stresses water resources at APEC event

Update: September, 08/2012 - 10:24

VLADIVOSTOK — President Truong Tan Sang has called for businesses to demonstrate greater social responsibility and technical innovation towards water, which has become a "scarce strategic resource."

Speaking at the 2012 APEC business summit in Russian city Vladivostok yesterday, the President stressed the need for a comprehensive approach to the sustainable exploitation, use and management of water resources around the world.

Sang mooted an APEC dialogue mechanism on water resources, warning that they can impact not only on economic development, but also on the security environment of a country.

As co-chair for the discussion on water, the President hailed the contributions by businesses who have been investing in research and development to conserve water resources.

He urged the businesses to promote their social responsibility, help raise public awareness and invest in transferable technology to effectively manage water resources.

On the same day, President Sang visited the National Nevexki Maritime University, delivering a speech at the Viet Nam-Russia business talks.

In front of more than 200 firms at the Viet Nam-Russia business forum, Sang highlighted the two countries' great potential for co-operation, saying that Viet Nam is interested in the implementation of Russia's Far East development strategy by 2025.

"Viet Nam is considering Russia's proposal to establish joint ventures in the production and processing of agriculture, seafood, furniture and apparel. The country always pays special attention and gives priority to the development of full co-operation with Russia," Sang added.

Later, the president hosted a banquet for leaders of major regional groups and reaffirmed Viet Nam's determination to strongly implement its economic structuring and growth model.

Participants highly valued Viet Nam's efforts in maintaining macro-economic stability, curbing inflation and implementing international integration.

China sideline meeting

President Sang and Chinese Party General Secretary and State President Hu Jintao met yesterday on the sidelines of the 20th APEC forum.

At the meeting, the two leaders said the Viet Nam-China friendship has been a valuable treasure for both peoples, and that the two sides should be responsible for inheriting, maintaining and promoting the ties.

Sang said that strengthening and consolidating the Viet Nam-China friendship has been a consistent, long-term and strategic policy of the Vietnamese Party and State.

For his part, Hu said the Party, State and people of China attach great importance to the friendship with their Vietnamese counterparts.

Both leaders agreed on major plans to promote the two countries' future relations, including regular meetings between the two countries' high-ranking leaders, economic cooperation, strengthening of the people-to-people exchange and close co-ordination at regional and international forums.

Regarding issues at sea, the two sides should be persistent in solving the East Sea issue satisfactorily through negotiations and dialogues, while not letting the issue negatively impact the stable development of their bilateral relations.

Sang highlighted that while solving the East Sea issue, both sides needed to implement an agreement on fundamental principles to solve all disputes and arising issues through peaceful negotiations. The settlement must be based on international law, especially the 1982 United Nations Convention on the Law of the Sea and the Declaration on the Conduct of Parties in the East Sea (DOC), working towards the Code of Conduct in the East Sea (COC). —VNS

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