APEC 2017: Malaysian media lauds Vietnam’s development
APEC 2017 events reflect Vietnam’s fast-tracking of innovation and inclusiveness and its efforts to bolster regional cooperation, according to an article recently posted on The Malay Mail, an independent online Malaysian newspaper.
APEC 2017 events reflect Vietnam’s fast-tracking of innovation and inclusiveness. (Photo: VNA)
Kuala Lumpur (VNA) – APEC 2017 events reflect Vietnam’sfast-tracking of innovation and inclusiveness and its efforts to bolsterregional cooperation, according to an article recently posted on The Malay Mail,an independent online Malaysian newspaper.
The theme for APEC 2017 accentuates the long-term goal of APEC to build apeaceful, stable, integrated and prosperous community in Asia-Pacific, thearticle noted.
It also detailed the APEC 2017 goals, comprising promoting sustainable,innovative and inclusive growth, deepening regional economic integration,strengthening micro, small and medium sized enterprises’ competitiveness andinnovation in the digital age and enhancing food security and sustainableagriculture in response to climate change.
During its time in APEC, Vietnam has made its efforts to renovate, develop andintegrate globally. APEC member economies account for 78 percent of foreigndirect investment (FDI) projects, 79 percent of international trade value and79 percent of international visitors to Vietnam, according to the article.
It also highlighted that of the total 15 free trade agreements that Vietnaminked or is negotiating, 13 are with APEC partners.
Vietnam has created impetus for its private sector to see a rapid rise in thenumber of enterprises. This has led to job creation and increased contributionsby private businesses to the country’s gross domestic product, the articlecontinued.
With GDP worth more than 200 billion USD, Vietnam has enjoyed a rosy economicgrowth when joining APEC.
Besides such excellent achievements, Vietnam remains one of Southeast Asia’scheapest manufacturing bases and is renowned for its export products. Thisreputation helps the country lure more investments, not only increasing its FDIprojects put also expanding production for exports, the article said.
The country’s success is based on the Doi moi (reform) strategy which opened upthe market for foreign investors and created opportunities for local people toget involved in private businesses.
The article underlined that Vietnam has recorded significant achievements. Ithas emerged from a backward country with 90 percent of the population workingin the agricultural sector to one of the most dynamic economies in Asia.-VNA
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APEC 2017 events reflect Vietnam’s fast-tracking of innovation and inclusiveness. (Photo: VNA) 
