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Viet Nam prepares for APEC forum 2017

Update: December, 17/2015 - 10:14
Participants address a roundtable meeting on the theme of "Stronger Joint Action for APEC's Shared Vision", held by the Ministry of Foreign Affairs on December 17, 2015 in Ha Noi. — VNS Photo Linh Anh

HA NOI (VNS) — Viet Nam has been preparing for the Asia-Pacific Economic Co-operation (APEC) forum 2017 in a comprehensive manner, according to Deputy Foreign Minister Bui Thanh Son.

Son made the comment at a roundtable on the theme of "Stronger Joint Action for APEC's Shared Vision", held by the Ministry of Foreign Affairs yesterday in Ha Noi.

"Hosting APEC 2017 is a priority in our foreign policy towards 2020," Son said, added that building on the successful experience of APEC 2006, Viet Nam's second time hosting APEC would allow the country to contribute to promoting shared interests within APEC.

Since its inception in 1989, APEC had played leading role in enhancing co-operation, economic integration and prosperity in the Asia Pacific region, benefiting 40 per cent of the global population, raising intra-APEC trade revenue to nearly US$20 trillion and aggregate GDP to account for 57 per cent of global GDP, Son said.

He added that APEC assumed strategic importance in Viet Nam's renovation, development and international integration efforts, accounting for 78 per cent of Viet Nam's foreign direct investment, 79 per cent international trade value and 79 per cent foreign visitors.

Thirteen out of 15 FTAs that Viet Nam had signed or is negotiating are with APEC partners, he said.

Son said that together with assuming ASEAN chairmanship in 2020 and preparing Viet Nam's candidacy for non-permanent membership in the UN Security Council candidacy for the 2020-21 term, as well as taking efforts to fulfil the country's WTO accession commitments by 2018, APEC 2017 was a vivid example of Viet Nam's resolution to comprehensive international integration and enhanced multilateral diplomacy.

A national committee for APEC 2017 had been set up with five sub-committees on substantive matters, logistics, protocol, culture and information and health and security, Son said.

Established in November 1989, the Asia-Pacific Economic Co-operation (APEC) forum now comprises 21 economies. Viet Nam became an APEC member in 1998.

Peru will host APEC 2016, held in the Peruvian capital of Lima. — VNS

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