Latest blog articles
APEC 2017 SOM 2 concludes with fruitful outcomes
Presided over by Vietnam’s Deputy Foreign Minister Bui Thanh Son, who is APEC 2017 SOM Chair, the two-day meeting discussed the APEC’s long-term cooperation orientations and proposals on the reform of APEC apparatus to make it more effective in promoting initiatives benefiting businesses and people.
Comprising nearly 50 meetings and workshops, SOM 2 drew about 2,300 delegates from 21 member economies, the business community, scholars as well as representatives from international organisations and ministries and sectors of host Vietnam.
The SOM 2 and related meetings played a key role in speeding up the implementation of the theme and four priorities of the APEC Year 2017 that were approved at SOM 1 in NhaTrang last March.
Major outcomes of the meeting include member economies’ strong support for APEC’s role as a motivation for regional economic growth and connection and a cradle of cooperation and linkage ideas for common prosperity of the Asia-Pacific region.
APEC member economies showed determination to complete the Bogor Goal on trade and investment following the set roadmap in 2020in combination with creating equal opportunities for all people and enterprises to join and benefit from regional economic growth and connection achievements, thus contributing to the global efforts for sustainable development.
Meanwhile, participants at the Multi-Stakeholder Dialogue on APEC Towards 2020 and the Future concurred that the post-2020 APEC Vision is a significant issue that needs to be discussed during 2017. They also proposed schedules of implementation, targets and contents of cooperation as well as specific steps to build the vision.
At the same time, the High-Level Policy Dialogue on Human Resources Development in the Digital Age approved a framework on human resources development in the digital age, which will be submitted to APEC leaders. As an initiative proposed by the host country, the framework is expected to support APEC efforts to develop skilled human resources to meet new demands of the digital era and implement strategies on quality and inclusive growth.
The meetings also reviewed and accelerated the implementation of long-term programmes of the forum, especially the action programmes of member economies to realise the new APEC Agenda on structural reform, the APEC Connectivity Blueprint, the APEC roadmap on improving services competitiveness, and the Lima Declaration on the Free Trade Area of the Asia-Pacific (FTAAP).
Many new ideas were also given in four priorities of the 2017 APEC Year, especially the proposal on designing an action plan to promote economic, financial and social inclusion in the APEC region with the aim of giving all people equal opportunities to benefit from regional growth and connection.
The SOM 2 and related meetings marked the halfway mark of Vietnam’s hosting of the 2017 APEC Year, showing the country’s efforts to strengthen international integration as well as its view of considering the Asia-Pacific region and APEC a focus of its foreign policy.
Six Vietnamese ministries namely the Ministries of Industry and Trade; Foreign Affairs; Labour, Invalids and Social Affairs; Planning and Investment; Science and Technology; and Constructiontook the charge of the Chair and Co-chair of committees, working groups and activities during the SOM 2.
Many activities were held on the sidelines of the meetings, including tours of President Ho Chi Minh’s house in Hanoi and Sa Pa in the northern province of Lao Cai, thus introducing to delegates the culture, local population as well as trade, investment and tourism potential of Vietnam.
Foreign strategic investors disinterested in sharing Vinamilk pie
Foreign strategic investors may only be interested in buying the entire state-owned stake in Vietnam Dairy Products JSC (Vinamilk) in a single bulk instead of dividing it into several smaller pieces as planned by State Capital Investment Corporation (SCIC). This opinion was expressed by Vietnam Associaation of Finance Investors (VAFI) in a document submitted to the Ministry of Finance and SCIC on October 20, to propose an alternative plan for the Vinamilk divestment.According to VAFI, foreign… chat_bubble_outline Read More...
Lucrative project tantalizes builders – except that it's Trump's wall
This week, a nascent national movement takes to the streets to protest the building of a border wall with Mexico.But they’re not marching on Washington or in individual state capitals. Instead, they’re showing up on the doorsteps of major engineering and construction firms to persuade them not to help build the proposed wall. Those protests, sheduled to begin May 17, build on a national letter-writing campaign and legislative efforts in seven states and a handful of cities also targeting… chat_bubble_outline Read More...
Lufthansa pilots strike for 4th day, 137 flights canceled
BERLIN (AP) — Pilots at Lufthansa are staging a fourth consecutive day of strikes against the German airline on Saturday, with chances of an immediate resolution to the pay dispute looking slim after their union rejected a new offer from the company.The Cockpit union targeted Lufthansa's long-haul services, prompting 137 flight cancellations and affecting some 30,000 passengers. That was fewer than on previous days, when Cockpit members also hit short-haul flights.Cockpit said that there will… chat_bubble_outline Read More...
Former British spy bosses say nation's exit from EU would pose threat
Depot manager George Staines (L), Prime Minister David Cameron (C) and Japanese Prime Minister Shinzo Abe (2nd R) tour the Hitachi North Pole train maintenance Depot in West London, as Abe has warned that Brexit would make the UK A British vote to leave the European Union next month could make the country more vulnerable to militant attacks and cause instability across the continent, two former senior British intelligence officials said. John Sawers, who stepped down as head of the MI6 foreign… chat_bubble_outline Read More...
Landfill operator notorious for causing Saigon stench fined $66,000
Vietnam’s environment ministry has fined the operator of a major landfill site in Ho Chi Minh City more than VND1.5 billion ($66,100) for illegally discharging sewage. Vietnam Waste Solutions, Inc. had failed to build sewage treatment facilities and had discharged sewage that exceeded safety limits, authorities said. The company has been ordered to treat the remaining sewage stored at the site by August. The 138-hectare (341-acre) Da Phuoc site is about 20 kilometers (12.4 miles) south of… chat_bubble_outline Read More...