ABAC submits 20 recommendations to APEC leaders

PSNews – 20 recommendations by the APEC Business Advisory Council (ABAC) have been submitted to this year’s  APEC leaders, including 6 ones related to international integration. 

The ABAC takes place from November 4 to 6
The ABAC takes place from November 4 to 6

At the same time, from November 4-6, 4 initiatives of Vietnam in the APEC Year 2017 will be discussed at the ABAC.

Together with the APEC events, ABAC annually organizes 4 working sessions, including the last session held in the host country of APEC and the other 3 sessions in other member countries.

In 2017, the first 3 sessions of ABAC were organized in Thailand, the Republic of Korea and Canada while the last session is organized in Da Nang, Vietnam by the Vietnam Chamber of Commerce and Industry (VCCI).

Delegates discussed initiatives by Vietnam
Delegates discussed initiatives by Vietnam

The 20 recommendations of ABAC submitted to the APEC Economic Leaders’ Meetings include: supporting the multilateral trading system; promoting the Asia-Pacific Free Trade Area (FTAAP); continuing to pursue the new agenda of the services sector; removing non-tariff barriers; creating favorable conditions for trade and investment; building APEC visions after 2020: 4 recommendations on regional and institutional connectivity, infrastructure and people, and 10 recommendations on sustainable development, innovation, inclusiveness and supports for micro, small and medium enterprises  as well as for women’s participation in economic activities.

Delegates are also expected to discuss Vietnam's four initiatives on human resources in the digital era, cross-border e-commerce, promoting innovation and startups, and inclusive financial and socio-economic development.

Delegates of the ABAC
Delegates of the ABAC 

In addition, ABAC is to hold other group meetings discussing on financial and economic issues, regional economic integration, sustainable development, small and medium enterprises, microenterprises & entrepreneurs as well as preparing ABAC reports for APEC Ministers and APEC Leaders and the agenda for the ABAC Dialogue with APEC Leaders on November 10.

ABAC was established in 1995 at the 3rd APEC Summit (held in Japan) to promote the role of the private sector in APEC cooperation.

The representatives of Vietnam at ABAC 2017 include Mr. Hoang Van Dung, President of the ABAC 2017, former Vice Chairman of VCCI; Mr. Dang Thanh Tam, Chairman of Saigon Invest Group; Mr. Nguyen Thanh Hung, Chairman of the Founding Committee of Sovico Holdings.

By Duy Tien

Other News

Vietnam and Panama can become gateways linking two regions

Vietnam and Panama can become gateways linking two regions

"Panama can serve as a strategic platform for Vietnamese companies seeking greater access to Latin America and the Caribbean, while Vietnam represents an important gateway for strengthening Panama’s engagement with Southeast Asia", Ambassador Nubiela Ayala Modes confirmed.

Localities committed to achieving 2026 growth targets

Localities committed to achieving 2026 growth targets

Localities nationwide hailed effective and flexible directions delivered by the Government so far this year, resulting in positive nine-month socio-economic growth, and reaffirmed their commitment to achieving targets set for the whole 2026 at an online Government-locality conference on October 3.

Creating new drivers for Vietnam-Canada cooperation

Creating new drivers for Vietnam-Canada cooperation

The elevation of bilateral ties to a Strategic Partnership shows that Vietnam and Canada increasingly view each other not simply as trading partners, but as long-term partners in addressing economic, technological and regional challenges.

Top leader asks for sports development to build national strength

Top leader asks for sports development to build national strength

The top leader applauded the efforts of ministries, sectors, localities, social organisations, coaches, athletes, experts in developing physical education and sports in recent times, stressing that Resolution No. 08 has provided an important political foundation for sports development over the past 15 years, while Conclusion No. 70 set important orientations for the new period.

Vietnam mobilises resources to affirm its leadership role in APEC 2027

Vietnam mobilises resources to affirm its leadership role in APEC 2027

PSNews - Vietnam is recognised by its partners as an influential member of the Asia-Pacific Economic Cooperation (APEC) forum, with expectations that it will continue to demonstrate leadership when it hosts APEC for the third time in 2027, according to Standing Deputy Minister of Foreign Affairs Nguyen Minh Vu.

Top Vietnamese leader receives Chairman of Japan Bank for International Cooperation

Top Vietnamese leader receives Chairman of Japan Bank for International Cooperation

General Secretary and President Lam urged JBIC to continue promoting the substantive implementation of projects under the Asia Zero Emission Community (AZEC), and step up discussions on potential cooperation within the framework of the POWERR Asia (Partnership on Wide Energy and Resources Resilience Asia) initiative, including the development of strategic energy reserves.

NA, Government's Party committees meet on legislature's second session agenda

NA, Government's Party committees meet on legislature's second session agenda

National Assembly President Tran Thanh Man coordination must go beyond finishing the agenda to improve the quality of NA decisions and Government enforcement; deal with policies rather than just paperwork, especially in the fight against corruption and other negative phenomena; and pin down final responsibility for each product, not just progress.

Prime Minister receives Cambodian Minister of Inspection

Prime Minister receives Cambodian Minister of Inspection

Prime Minister Le Minh Hung asked the two countries' inspection agencies to build on their achievements by regularly exchanging information and experience, maintaining delegation exchanges, and coordinating inspections in areas related to bilateral economic, trade and investment cooperation.

Urgent action needed to address law enforcement as weak link: Top leader

Urgent action needed to address law enforcement as weak link: Top leader

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam on September 28 called for urgent and fundamental improvements in law enforcement, stressing that legislation and its enforcement must form a unified whole and ultimately serve development, protect legitimate rights and interests, and strengthen public trust.

Vietnamese, Cambodian inspectors reinforce collaboration

Vietnamese, Cambodian inspectors reinforce collaboration

The Government Inspectorate of Vietnam broadly accepted the Cambodian ministry's proposals to maintain, renew and make more effective regular meetings between professional units and training establishments, and increase exchanges of senior, expert and specialised working-group delegations.