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| President Vo Van Thuong speaks at the APEC CEO Summit 2023. |
The APEC Business Summit is the most important event of the regional business community, held annually on the occasion of the APEC High-Level Week 2023, to create opportunities for businesses to meet, exchange directly and make recommendations to APEC Leaders.
With the theme “Creating economic opportunities: Sustainable. Inclusive. Resilient. Innovative”, this year’s conference includes 20 discussion sessions focusing on top issues of concern to the business community such as: the world economic situation, global geopolitics, trade policies for inclusiveness and sustainability, the role of the State and businesses in creating change, enhancing business resilience in a world of crisis, the role of innovation, the future of artificial intelligence, building an ecosystem for creative ideas.
President Vo Van Thuong, along with US President Joseph Biden, South Korean President Yoon Suk Yeol, Chilean President Gabriel Boric, Peruvian President Dina Boluarte, Indonesian President Joko Widodo, Philippine President Ferdinand Marcos Jr, Thai Prime Minister Srettha Thavisin, and Malaysian Prime Minister Anwar Ibrahim are the guests of honor at this year's conference.
In his keynote speech at the discussion on “Sustainable and Inclusive Growth”, President Vo Van Thuong pointed out four major contradictions in the world economy today. These are: (i) Economic growth, increasing wealth, but the gap between rich and poor is widening and environmental destruction is becoming more serious;
ii) After more than three decades of the world benefiting from globalization and forming a network of international economic relations with intertwined interests and mutual dependence, the trend of protectionism and separation has increased strongly;
(iii) Science and technology develop rapidly and with global influence, but the institutional framework is still basically limited to the national level; science and technology bring great development opportunities but also contain unpredictable dangers;
(iv) Economies pursuing a growth model that encourages consumption, even over-consumption, are unable to mobilize enough resources for the Sustainable Development Goals.
The President emphasized that in order to continue pursuing the lofty goals set out, a new , inclusive, harmonious and humane mindset is needed. Accordingly, first , it is necessary to ensure the mutual relationship between economic growth, social justice and environmental protection;
Second, maintaining an open, connected world economy while ensuring the economic security of nations; Third, global governance of technology (especially artificial intelligence and biotechnology) is not only aimed at managing the development of technologies, but also addressing the economic, social, cultural and political consequences of this process;
Fourth, it is necessary to prioritize resources for sustainable and inclusive development goals.
According to the President, APEC has always been an “incubator” of economic connectivity ideas, laying the foundation for global cooperation agreements. APEC is also at the forefront of promoting green growth, responding to natural disasters, strongly supporting gender equality, supporting small and medium enterprises, and improving the quality of health and education.
In those successes, there is always the companionship and important contribution of the business community in the region.
The President said that the business community has always been an important part of the APEC process, actively contributing to policy formulation and implementation as well as promoting new ideas and new thinking.
The President called on the business community to join the State in fulfilling its commitment to sustainable development, pursuing long-term economic, environmental and social goals; increasing investment in science and technology, investing in people, and investing in building inclusive and resilient communities.
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| President Vo Van Thuong and delegates visited Sovico's booth on the sidelines of the Conference. |
Sharing with the Asia-Pacific business community Vietnam's development viewpoints and policies, the President affirmed that maintaining sustainable economic growth coupled with progress, social justice and protection of the ecological environment, ensuring that all people can develop their potential, participate and equally enjoy the fruits of development is a consistent requirement throughout Vietnam's development process.
Economic growth must go hand in hand with social progress and equity, which must be carried out in every step, every policy, and throughout the development process; progress and social equity and the environment must not be "sacrificed" to pursue mere economic growth.
With that viewpoint, Vietnam is synchronously implementing three groups of solutions: One is to build an independent, self-reliant economy associated with active and proactive international integration; taking internal strength as fundamental, strategic, and decisive, and external strength as important and breakthrough;
Two , strengthening the management and efficient use of resources; protecting the environment and responding to climate change; promoting green transformation towards global climate goals and commitments;
Third , create an environment that encourages the poor and disadvantaged to strive, rise up on their own, integrate into the community, and eliminate discrimination in society.
The President affirmed that in order to realize the set development goals, Vietnam hopes that you will continue to accompany Vietnam in consulting, proposing new investment policies and ideas; transferring modern solutions, technologies, new economic models; and attracting investment capital and supporting development.
With the policy of taking quality, efficiency, high technology and environmental protection as the top criteria, Vietnam prioritizes attracting investment projects in industries and fields such as: (i) Science - technology, innovation; (ii) Green economy, digital economy, circular economy, knowledge economy; (iii) Electronic components, electric cars...; (iv) Semiconductor production, new energy (such as hydrogen), renewable energy; (v) Development of financial centers, green finance; and (vi) Biotechnology, healthcare,...
The President stressed that APEC's success can only be achieved on the basis of friendship and trust among members and the support of businesses and people, and affirmed that Vietnam is ready to join APEC members and the Asia-Pacific business community in building a bright future for all people.
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