APEC 2017: Vietnam has successful economic development model
Vietnam has been appraised for its successful development model thanks to impressive economic growth and radical reform to attract investment, particularly after the country joined APEC forum in 1998, said PhD Arisman, director of the Centre for Southeast Asian Studies (CSEAS).
Vietnam has been appraised for its successful development model, said PhD Arisman, director of the Centre for Southeast Asian Studies. (Photo: VNA)
Hanoi (VNA) – Vietnam has been appraised for its successfuldevelopment model thanks to impressive economic growth and radical reform toattract investment, particularly after the country joined APEC forum in 1998,said PhD Arisman, director of the Centre for Southeast Asian Studies (CSEAS).
In an interview with Jakarta-based Vietnam News Agency correspondent, hepraised Vietnam’s meticulous preparation for APEC 2017 events with the mostimportant APEC 2017 Economic Leaders’ Week in Da Nang city.
He said that this is an opportunity for Vietnam to popularise national imagesas well as promote socio-economic development.
Meanwhile, Kim Sang Yeol, Vietnamese honourable Consul General inGwangju-Chonnam region, the Republic of Korea, made positive comments onVietnam’s socio-economic development after more than 30 years of Doi Moi(reform) as well as expressed his belief in the Southeast Asian country’seconomic potentials.
Kim, who is also General Director of Hoban Construction Co., Ltd and Presidentof the Korean Broadcasting System (KBS), highlighted that Vietnam is apromising market which offers favourable conditions for foreign investorsincluding those from the RoK to enlarge their business.
Shang Feng, a lecturer from China’s University of International Business andEconomics, noted opportunities of Vietnam, the host of the APEC 2017 events,include rapid economic development, abundance of workforce, competitive labourcosts and sound business climate.
However, its formidable challenges are poor infrastructure system, shortage ofskillful workers and incomplete economic institution reforms, he said. -VNA
President Tran Dai Quang had a meeting in November 10 with Brunei Sultan Hagi Hassanal Bolkiah who is the central city of Da Nang to attend the APEC Economic Leaders’ Week.
Vietnam and Australia have agreed to soon upgrade their relationship to a strategic partnership on the basis of their enhanced comprehensive partnership and huge potential for cooperation.
President Tran Dai Quang has said that Vietnam and Australia have huge potential for cooperation, and called on the Australian side to continue its assistance to Vietnam in poverty reduction and gender equality.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
Vietnam has been appraised for its successful development model, said PhD Arisman, director of the Centre for Southeast Asian Studies. (Photo: VNA) 
