APEC economies urged to unite, build revitalised Asia-Pacific community
The Asia-Pacific Economic Cooperation (APEC)’s Business Advisory Council (ABAC) has recommended APEC economies to unite and build a revitalised Asia-Pacific economic community.
Deputy Prime Minister and Foreign Minister Pham Binh Minh and Deputy Minister of Industry and Trade Tran Quoc Khanh attend the 31st APEC Ministerial Meeting via video conference on November 16. (Photo: VNA)
Hanoi (VNA) – The Asia-Pacific Economic Cooperation (APEC)’s Business AdvisoryCouncil (ABAC) has recommended APEC economies to unite and build a revitalised Asia-Pacific economic community.
In a statement followinga virtual meeting on November 17 ahead of the APEC Economic Leaders Meeting, ABACsaid prioritisation ofintegration and trade friendly policies, innovation and inclusion are includedin this year's report to APEC Economic Leaders.
These areunprecedented times, demanding bold responses. The world faces the greatesthealth and economic crisis of a hundred years, said Chair of ABAC RohanaMahmood.
"We want aregion that responds collectively to shared challenges. A region that valuesthe connections between us – including free and open trade and investment, anda dynamic digital economy. Neighbors who help each other in times of need,respect each other's differences, and remain committed to greater inclusion andequity," she added.
Rohana also saidthese elements would go to building greater resilience, especially as theregion faced not only the risk of future health crises, but also acceleratingclimate change.
"There is anurgent need to reverse the dramatic decline in the health of our planet andembrace the transition to a low-carbon economy," she said.
APEC is aregional economic forum established in 1989 to leverage the growinginterdependence of the Asia-Pacific. APEC's 21 members aim to create greaterprosperity for the people of the region by promoting balanced, inclusive,sustainable, innovative and secure growth and by accelerating regional economicintegration./.
Malaysia said on October 26 it will host the first ever virtual meeting of leaders from Asia-Pacific Economic Cooperation (APEC) economies in November due to the COVID-19 pandemic.
Prime Minister Nguyen Xuan Phuc on November 14 called on New Zealand to open its door wider for goods and agricultural products of ASEAN countries as the sides have substantial potential for cooperation.
Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh attended the 31st Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting held via videoconference on November 16 evening under the chair of Malaysian Minister of International Trade and Industry Mohamed Azmin Ali.
Ministers of 21 APEC member economies have committed to maintaining cooperation to support economic recovery in the context of the COVID-19 gravely impacting the world.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
Deputy Prime Minister and Foreign Minister Pham Binh Minh and Deputy Minister of Industry and Trade Tran Quoc Khanh attend the 31st APEC Ministerial Meeting via video conference on November 16. (Photo: VNA)
