APEC financial policies in response to disasters discussed
Experts underscored the necessity and significance of the Finance and Disaster Risk Insurance Initiative within the framework of APEC at a seminar that concluded in Nha Trang city on February 21.
Nha Trang city, Khanh Hoa welcomes APEC 2017 (Source: VNA)
Khanh Hoa (VNA) – Experts underscored the necessity and significance of theFinance and Disaster Risk Insurance Initiative within the framework of APEC ata seminar that concluded in Nha Trang city, the central province of Khanh Hoaon February 21.
Organisedby the National Institute for Finance, the Insurance Supervisory Agency and theAgency of Public Asset Management under the Finance Ministry, the event tookplace on the sidelines of the APEC Meeting of Deputy Finance Ministers and ViceGovernors of Central Banks.
Afterhearing reports from representatives of APEC member economies and internationalorganisations such as the World Bank and Organisation for Economic Cooperationand Development, experts presented a review of the one-year implementation ofthe initiative within the framework of the Cebu Action Plan.
Accordingto them, insurance is an effective tool against disaster risks which eases theburden on state budgets, transfer risks to international markets and raisespublic awareness of disaster risks.
To developdisaster risk insurance market, APEC economies were advised to ramp upinfrastructure and build models capable of forecasting natural disasters andpossible losses caused by them.
Participantsshared experience in devising financial strategies against disaster risks atnational and local levels, saying that fine-tuning regulations and building acomplete database on public assets and disaster risk insurance is needed.
On plans torealise the initiative, more focus will be given to building financialstrategies and policies at national and local levels, financial risk managementpolicies for public assets, policies for developing disaster risk insurance andanalysis tools for financial policy planning in the field.
Several particpantsshared view that the initiative should be brought to life via conferences andmeetings of the APEC Meeting of Finance Ministers, training courses, exchangesof experts among member economies and technical assistance from internationalorganisations.
On theoccasion, the meeting discussed the priorities of the APEC Meeting of DeputyFinance Ministers and Vice Governors of Central Banks and plan for the APECFinance Ministers’ Process.-VNA
2017 is a milestone year for Vietnam’s diplomatic relations. The event not only enhances Vietnam’s prestige on international arena, but also helps strengthen regional cooperation.
The central coastal province of Khanh Hoa is holding activities to introduce the beauty of its landscapes and people to international delegates to the APEC SOM-1 in Nha Trang.
The first meeting of the APEC Business Advisory Council (ABAC) in 2017 opened in Bangkok, Thailand on February 21, with more than 150 delegates from member economies and ABAC taking part.
The General Department of Taxation is holding a seminar on deploying an action plan for base erosion and profit shifting (BEPS) in APEC on February 22.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
Nha Trang city, Khanh Hoa welcomes APEC 2017 (Source: VNA) 
