President Proposes Five Major Directions for APEC Cooperation

The President of Vietnam has outlined a series of strategic cooperation initiatives for APEC, emphasizing the formation of a shared vision for the development of an innovative ecosystem. This vision aims to foster collaboration and drive sustainable growth across the Asia-Pacific region.

0
69

Speaking at the second session of the 2025 APEC Leaders’ Meeting this morning, President Luong Cuong observed that the world is rapidly evolving due to groundbreaking advancements in science and technology, alongside profound cultural, social, and environmental shifts. These changes demand that APEC economies proactively adapt and strengthen cooperation to seize opportunities and overcome challenges, according to the Ministry of Foreign Affairs.

The President proposed five key cooperation directions for APEC to adapt to the swift development of AI and shape a more inclusive, sustainable, and humane growth model.

President Luong Cuong attends the APEC Leaders’ Meeting in South Korea on November 1st

APEC members need to develop a shared strategic vision for fostering an innovative ecosystem, spearheading digital economy and AI governance. This includes establishing essential norms and rules to balance corporate growth with citizens’ rights, social progress, and equitable opportunities across economies.

APEC should also focus on building synchronized, sustainable infrastructure and a secure digital ecosystem to support the region’s digital economic development. The President emphasized the importance of mutual trust—trust in cooperation to build a dynamic, modern, secure, and prosperous Asia-Pacific region for all its people.

Sharing Vietnam’s perspective, the President highlighted that science, technology, innovation, and digital transformation are the cornerstones of a new development phase characterized by rapid and sustainable growth. He stated, “Innovation is a collective endeavor involving all levels, sectors, businesses, and citizens.”

APEC leaders adopted the Gyeongju Declaration, committing to foster new growth drivers, leverage the forum’s potential, and work toward an open, dynamic, resilient, and peaceful Asia-Pacific community for the prosperity of all people and future generations.

Leaders also approved the APEC Artificial Intelligence Initiative and the APEC Cooperation Framework on Demographic Change to enhance collaboration in response to emerging regional and global trends.

You may also like

Keppel Corporation’s Profit Surges 25%, with Vietnam Contributing 23% of Residential Land Bank and 26% of Commercial Property Portfolio

Keppel Corporation (Singapore) has unveiled its 9-month 2025 financial results, reporting a remarkable 25% surge in net profit. The report highlights the group’s aggressive shift towards a global asset management model, accelerated divestments, and strategic expansion into sustainable sectors.

Prime Minister Directs Ministry of Public Security to Launch Data Trading Platform in November

According to Prime Minister Phạm Minh Chính, the successful establishment of a data exchange platform in Vietnam will yield comprehensive strategic benefits.

Vietnam’s Digital Economy Projected to Hit $200 Billion by 2030

Vietnam’s digital economy is projected to reach a staggering $90-200 billion by 2030, with data emerging as the “new strategic resource” fueling growth and enhancing national competitiveness.

Unlock Sustainable Success: Vietnam’s Opportunities for APEC Businesses

Speaking at the APEC Business Summit, President Luong Cuong affirmed that amidst global uncertainty, Vietnam offers businesses stability, security, and the opportunity for sustainable success.

Digital Age Competition Law: Insights from the 2025 Nobel Prize in Economics

The 2025 Nobel Prize in Economic Sciences has been awarded to three distinguished scholars: Joel Mokyr of the Netherlands, Philippe Aghion from France, and Peter Howitt of Canada. Their groundbreaking work has shed light on the intricate relationship between innovation, competition, and long-term economic growth, earning them this prestigious recognition.