APEC Economic Committee meets to promote economic growth
The APEC Economic Committee (EC) convened its second plenary meeting and the fifth meeting of the Friends of the Chair (FotC) on August 25, discussing the making of regulations and policies to boost development in APEC member economies.
The APEC Economic Committee convenes its second plenary meeting on August 25 (Photo: VNA)
HCM City (VNA) – The APEC Economic Committee (EC)convened its second plenary meeting and the fifth meeting of the Friends of theChair (FotC) on August 25, discussing the making of regulations and policies toboost development in APEC member economies.
The events were part of the third APEC SeniorOfficials’ Meeting (SOM 3) and related meetings in Ho Chi Minh City.
At the second plenary meeting on August 25-26,the EC is set to consider a draft report on APEC’s economic policy on humanresources development and structural reform. It will mull over the outcomes of competitionassessment conducted by the Organisation for Economic Cooperation andDevelopment (OECD) and the APEC Competition Policy and Law Group.
The committee will also look into preparationsfor a high-level structural reform officials’ meeting.
At the FotC’s fifth meeting, delegates exchangedviews on APEC economies’ cooperation prospects and policies on investment ineconomic finance in the region. They were also updated on APEC’s structure andcooperation in online dispute settlement.
They discussed issues relating to the buildingof economic legal frameworks to help APEC members meet international standardsof legal frameworks. Participants also looked into the efficiency of existingeconomic institutions and drew lessons for APEC member economies in buildingeconomic law.-VNA
The second meeting of the APEC Sub-Committee on Standards and Conformance (SCSC) began in Ho Chi Minh City on August 23, focusing on debating trade facilitation, alignment with international standards and active participation in international standardisation.
Bridging gap in economic development and integration of remote areas for sustainable growth in the APEC region is one of the topics to be discussed by APEC senior officials in HCM City on August 24.
Delegates from APEC economies share experience in simplifying procedures for business registration at a workshop held by the APEC Economic Committee in HCM City on August 24.
Senior officials of the APEC economies discussed issues related to the implementation of intellectual property in border areas, fake commodities and brand violations during a conference held by the Intelligence Property Rights Experts Group (IPEG) in Ho Chi Minh City on August 24.
Vietnamese Minister of Natural Resources and Environment Tran Hong Ha has stressed the need to strengthen cooperation with the private sector as well as leading businesses and corporations to make them key partners in helping APEC economies build capacity for production rehabilitation and resilience to climate change.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
The APEC Economic Committee convenes its second plenary meeting on August 25 (Photo: VNA) 
