APEC Vietnam 2017

Some 21 leaders from 21 economies that account for 39 per cent of the world's population, 49 per cent of the global trade, and 57 per cent of the global gross domestic product, as well as three honourary invited leaders will gather in Đà Nẵng City for an event that will draw the world’s attention, and to discuss and make important decisions of profound influence on global politics and trade.

After nearly 20 years of membership of the Asia Pacific Economic Cooperation (APEC) forum since 1998, the year 2017 is the second time Việt Nam has hosted activities related to the APEC Forum, after the first time in 2006.

In a world of turmoil in which the Asia-Pacific region is transforming itself with unprecedented opportunities and challenges, by once again hosting the APEC Year, Việt Nam is sure to contribute to collaborative efforts in deepening the APEC cooperation, while maintaining its role as a driver of global growth and connectivity.

APEC Vietnam 2017

For the host country, the organisation process for APEC Year 2017 is the chief foreign affairs focus until 2020, implementing the external policy of the XII National Party Congress on deepening international integration, raising the bar on multilateral foreign relation, and enhancing the country’s position and prestige in the international arena.

APEC Vietnam 2017

Lãnh đạo các nền kinh tế APEC chụp ảnh chung tại lễ bế mạc Hội nghị Thượng đỉnh APEC 2016 ở Lima, Peru năm 2016.

In his speech on Việt Nam's hosting of the 2017 APEC Year, President Trần Đại Quang said that with Việt Nam being the host of the APEC Year 2017, he would place his solemn trust on the national community, and affirmed Viet Nam's strategic vision for the Asia-Pacific future.

"During the APEC Year 2017, under the theme 'Creating New Dynamism, Fostering A Shared Future', Việt Nam will do its best to actively promote the accomplishment of the Bogor Goals of free and open trade and investment by 2020, and collaborate in building the intra-regional linkage vision for a new development stage. This is an important foundation for building the Asia-Pacific partnerships for sustainable development and embracing the 21st century," Quang said.

"With diversified APEC activities being organised nationwide, Việt Nam will have more valuable opportunities to enhance the integration capacity of localities and businesses, and to promote and push forward socio-economic development in the country’s regions."

With that in mind, the President called for the active participation of the entire political system and the support of the people to "help the APEC members, and international friends have deeply appreciated Việt Nam’s peaceful, stable, dynamic development and the Vietnamese people, who are rich in love, humanity and hospitality."

APEC Vietnam 2017

The APEC 2017 Year’s theme of ‘Creating New Dynamism, Fostering A Shared Future’ expresses three aspects, with the first being a reflection of the common concern among the APEC member economies seeking "new momentum" for integration, linkage and the economic growth of Asia-Pacific. Secondly, it shows a common denominator and the long-term goal of the APEC and the Asia-Pacific on "fostering a shared future" that is peace, stability, development and prosperity. Thirdly, this expresses expectations for new APEC developments in 2017, contributing to affirming the position of the forum in a new global context. Photo APEC 2016: Representatives of APEC member economies’ group photo at the closing ceremony of the 2016 APEC Summit in Lima, Peru.

Photo APEC 2016: President Trần Đại Quang talks with Russian President Vladimir Putin during a sideline event at the APEC 2016 Summit in Lima, Peru

1.Promoting Sustainable, Innovative and Inclusive Growth
Sustainable, innovative and inclusive growth has been one of APEC’s top priorities in the context of global economic uncertainties and rising inequalities. Emphasis is placed on the dimensions of sustainability and inclusiveness of growth in order to help realise the APEC Strategy for Strengthening Quality Growth for the period until 2020 and the United Nations’ Sustainable Development Goals. In addition, structural reform and innovation are crucial in creating new dynamism for growth through improving labour productivity, enhancing human resource development and ensuring effective resource allocation. This pattern of growth places people and businesses at its centre.

APEC Vietnam 2017

Chủ tịch nước Trần Đại Quang hội đàm với Tổng thống Nga Vladimir Putin bên lề Hội nghị Thượng đỉnh APEC 2016 ở Lima, Peru.

2. Deepening Regional Economic Integration
Deepening regional economic integration and improving connectivity in recent years have been high on the APEC agenda to meet economies’ increased demands for greater economic linkages and development. This year, APEC will continue to accelerate the realisation of the Bogor Goals of free and open trade and investment by 2020 with a new sense of urgency, as well as enhance the three dimensions of connectivity, physical, institutional and human-to- human. Renewed efforts will be needed for APEC to become the driver of deeper regional economic integration.

3. Strengthening MSMEs’ Competitiveness and Innovation in the Digital Age Micro, Small and Medium Enterprises (MSMEs) are key drivers of growth and employment for APEC economies. It is their growth and greater inclusion in global value chains that will translate into the dynamic development of the economy. The arrival of the digital age, with all its opportunities and challenges, has made it all the more important to strengthen MSMEs’ “competitiveness and innovation.” This priority for APEC 2017 will help maintain the important momentum to advance APEC's work with regard to MSMEs.

4. Enhancing Food Security and Sustainable Agriculture in Response to Climate Change
Food security has always assumed major importance in APEC cooperation as the Asia-Pacific region provides 55 per cent of global agricultural produce. Food security is also listed as the second goal of the United Nations’ 2030 Agenda for Sustainable Development. In recent years, APEC has increased its focus on addressing the negative impact that climate change has had on efforts to improve food security and achieve sustainable agriculture. Linking food security with “sustainable agriculture in response to climate change” is aimed at helping APEC respond more effectively to the ever intensifying impacts of climate change in the region.