PM suggests ABAC share experience in digital economic development with Vietnam

Prime Minister Nguyen Xuan Phuc called on the APEC Business Advisory Council (ABAC) community to share experience in developing the digital economy with Vietnam while attending a dialogue between APEC leaders and the ABAC in Papua New Guinea following a welcome ceremony for APEC leaders on November 17.
pm suggests abac share experience in digital economic development with vietnam hinh 0

During the dialogue, ABAC members and corporate representatives from Asia-Pacifi gave important recommendations on enhancing regional economic connectivity, supporting multilateral trade system, developing digital economy, facilitating the participation of micro, small and medium-sized enterprises in global supply chains, stepping up inclusive development and building the APEC Vision beyond 2020. 

APEC leaders vowed to consider the suggestions in the building of APEC cooperation orientations and development policies of economies. 

After the plenary session, PM Phuc along with the Indonesian President, the Australian PM and the head of the Taiwan (China) delegation co-chaired a dialogue with ABAC businesses. 
The leaders raised concern about open and free trade, digital and cyber economy, sustainable and inclusive development, and the equal sharing of trade liberalization for all. Many ABAC members congratulated Vietnam on its recent ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), describing it as a great opportunity for foreign enterprises to increase their presence in the country. 

In his remarks, PM Phuc said Vietnamese legislature’s adoption of the CPTPP affirms Vietnam’s determination to go ahead with comprehensive reform, active and proactive integration into the world, and support open and rule-based trade and investment with high standards. 

The trade deal creates motivation for the country to boost institutional reform, economic restructuring, improvement of business climate and labour output, thus facilitating businesses’ deeper participation into global value and production chains. 

The PM noted that with the ratification of the CPTPP and the upcoming signing and ratification of the European Union – Vietnam Free Trade Agreement (EVFTA), Vietnam will join a network of 16 FTAs with nearly 60 partners, which account for 61% of the world’s gross domestic product and 68% of the global trade volume. 

Regarding Vietnam’s preparations for digital economic development, Phuc said Vietnam is actively preparing infrastructure for the digital economy, specifically building an e-government and smart cities. The country also adopted a number of important policies for the effort. 

Later, the PM attended a dialogue between APEC leaders and leaders from 14 Pacific island states, namely Cook Islands, Federated States of Micronesia, Kiribati, Marshall Islands, Nauru, New Caledonia, Niue, Fiji, French Polynesia, Tonga, Tuvalu, Vanuatu, Samoa and Solomon Islands. 

Themed “Partnership for Inclusive Digital Future”, the dialogue focused on the partnership between APEC and the island states to fuel regional growth and economic connectivity, cope with common challenges, especially climate change, towards an inclusive and sustainable digital area.

In his address, the Vietnamese government leader called for further collaboration between APEC and the Pacific islands to promote sustainable, transparent and highly resilient economic connectivity. 

He thanked Asia-Pacific countries, including the Pacific islands, for their support for Vietnam’s bid to run for a non-permanent seat in the United Nations Security Council for the 2020-2021 tenure. He said wish to receive their greater support in the time to come.

VOV

Other News

National Assembly Chairman urges renovation in leadership, working style

National Assembly Chairman urges renovation in leadership, working style

The NA's Committee for Cultural and Social Affairs has moved fast to reshuffle its organisation after the 14th National Party Congress and the election of deputies to the 16th NA, updating its work agenda to match new directives set out in the resolutions of the 14th National Party Congress and the first Congress of the NA Party Organisation for the 2025–2030 term.

Vietnam treasures ties with Croatia: PM

Vietnam treasures ties with Croatia: PM

Vietnam and Croatia should strive to double bilateral trade turnover from the current level of 161 million USD; study the establishment of a Joint Committee on Economic Cooperation to create a long-term, stable, and effective framework for collaboration, said Prime Minister Le Minh Hung.

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Deputy Foreign Minister Nguyen Minh Hang shared Vietnam’s approach to building an independent and self-reliant economy linked to deep international integration, while proposing several key areas for enhanced cooperation between BRICS and partner countries at the Expanded BRICS Foreign Ministers' Meeting that opened on May 14 in India.

Vietnam asks parties to respect its sovereignty over Truong Sa

Vietnam asks parties to respect its sovereignty over Truong Sa

PSNews - The spokesperson stated that the dispatch of personnel by relevant parties to features belonging to Truong Sa without Vietnam’s permission constitutes a violation of Vietnam’s sovereignty under international law. She stressed that such actions run counter to the Declaration on the Conduct of Parties in the East Sea (DOC) as well as ongoing efforts by countries to negotiate a Code of Conduct in the East Sea (COC).

Hanoi to host ASEAN Future Forum 2026 in mid-June

Hanoi to host ASEAN Future Forum 2026 in mid-June

PSNews - Vietnam’s proposals placed the highest priority on ensuring a peaceful and stable environment conducive for continued sustainable development and improving the well-being and happiness of the ASEAN people. They were praised by member states and incorporated into the core contents of the ASEAN Leaders’ Statement on the response to the Middle East crisis.

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam highly values the support of the United Nations Office on Drugs and Crime (UNODC) in strengthening national capacity in crime prevention and criminal justice, drug control, and addressing emerging challenges, particularly cybercrime, said Ambassador Vu Le Thai Hoang.

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Consolidating the central steering committees for institutional and legal reform and for judicial reform is necessary in order to streamline organisational structures without reducing responsibilities, while ensuring clear accountability, measurable outputs and concrete results. Following the restructuring, the body will be renamed the central steering committee for institutional improvement and law enforcement, with the Party General Secretary and State President serving as its head.

Vietnam strives for substantive outcome at NPT review conference

Vietnam strives for substantive outcome at NPT review conference

At the meeting this week, Ambassador Viet briefed the UNGA President on developments during the first two weeks of the conference. He stressed that the current international geopolitical landscape poses numerous complex challenges, while reaffirming Vietnam’s determination, together with other member states, to promote substantive and balanced outcomes at the conference.

Top leader of Vietnam receives Vientiane official in Hanoi

Top leader of Vietnam receives Vientiane official in Hanoi

The host leader stressed that cooperation between localities, particularly between the capitals of Hanoi and Vientiane, plays an especially important role as a pioneering force in effectively implementing the foreign polices of the two Parties and States, while also serving as a bridge between politics and development, as well as between strategy and concrete action.