Delegates attending the APEC Senior Finance Officials’ Meeting (SFOM) in Ninh Binh voiced their support for the host country’s priorities in implementing the Finance Ministers’ Process.
Hanoi (VNA) - Delegates attendingthe APEC Senior Finance Officials’ Meeting (SFOM) in the northern province of NinhBinh voiced their support for the host country’s priorities in implementing theFinance Ministers’ Process.
The four priorities include long-term investments in infrastructure;disaster risk financing and insurance; base erosion and profit shifting; andfinancial inclusion adopted at the Finance and Central Bank Deputies Meeting heldin Khanh Hoa province’s Nha Trang city last February.
APEC delegates applaud Vietnam’s financial cooperation priorities, Head of Division forInterregional Economic and Finance Cooperation under the Indonesia Ministry ofFinance told Vietnam News Agency (VNA) reporters that his country backs Vietnam’sfour priorities and other APEC member economies comply with the action plan.
Sharing the same view, Andrew F.Oaeke, First Assistant Secretary of Macro Economic Policy Division under PapuaNew Guinea’s Department of Treasury, said his country is working on base erosion and profitshifting, digital economy and continuing investment in infrastructure.
Both of them agreed that thougheach country has its own agenda, structural reform is a key issue to implementthese priorities in order to reduce the harmfulness of such global problems as baseerosion and benefit shifting and to share benefits to all economies.
Dr. Vu Nhu Thang, Director of theInternational Cooperation Department under the Ministry of Finance who doubledas SFOM Chair 2017, said the priorities initiated by Vietnam are included inthe Cebu Action Plan adopted at the Finance Ministers’ Meeting in thePhilippines in 2015.
They also have a close connection to the APEC 2017 main themes of “Creating NewDynamism, Fostering a Shared Future” hosted by Vietnam, he added.
Last but not least, the foursubjects are among Vietnam’s priorities in the implementation of its socio-economicdevelopment tasks for the 2010-2020 period, he said.-VNA
An official of the Ministry of Finance has detailed four financial cooperation initiatives proposed by Vietnam in the APEC Year 2017, ahead of the Senior Finance Officials’ Meeting slated for May 18-19 in Ninh Binh province.
International delegates to the APEC 2017 Second Senior Officials Meeting (SOM2) and related meetings in Hanoi have highlighted progress on the four priorities for APEC 2017 selected by host Vietnam.
Delegates at the Asia-Pacific Economic Cooperation Forum (APEC) 2017 were impressed by Vietnam’s preparations for the event, hailing Hanoi as a hospitable city.
The Asia-Pacific Economic Cooperation (APEC) has made good progress in the four adopted cooperation priorities in 2017 proposed by Vietnam, said Executive Director of the APEC Secretariat Alan Bollar.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
At the meeting (Photo: VNA)
