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Vietnam President: APEC should further invest in education
The Saigon Times Daily
Thursday,  Nov 9, 2017,23:18 (GMT+7)

Vietnam President: APEC should further invest in education

The Saigon Times Daily

Vietnamese President Tran Dai Quang speaks at the APEC CEO Summit in Danang City on November 8 - PHOTO: APEC VIETNAM

DANANG – Vietnamese President Tran Dai Quang urged the APEC business community to strengthen their cooperation and assistance for their economies to invest in the education and training sector which is a prerequisite for enterprises to go global.

President Quang delivered his keynote address at the APEC CEO Summit which was held in the central coast city of Danang on November 8 as part of the APEC Economic Leaders’ Week, the Government news website reports.

Vietnam and other APEC member economies, he said, have worked together to build manpower in the digital era; prop up growth of micro, small, and medium enterprises (MSMEs), transnational e-commerce, and digital and cyber economics; and promote inclusive growth in finance, economy and society over the years.

The aim is to put residents and enterprises together as the center of growth, he noted and suggested the Asia-Pacific business community should further play a vital role in addressing some urgent issues.

The top priority is to foster the connectivity and recovery of the global economy, uphold its leading role in trade and investment liberalization, and fulfill the Bogor Goals (which are a set of goals for realizing free and open trade in the Asia-Pacific agreed by member economies in 1994 in Bogor, Indonesia) by 2020.

Public-private partnership should be strengthened to promote comprehensive and inclusive connectivity, develop infrastructure, and link supply-demand, next-generation trade and investment chains.

He called on businesses to improve their cooperation, and support member economies in the education and training sector so that their employees can better adapt to the fast-changing economic environment.

APEC needs to put more effort into inclusive growth, he said. “We need to turn ‘economic miracles’ into ‘inclusive development miracles’ in our region and APEC should further play a leading role in implementing the United Nations sustainable development goals.”

He added enterprises should put greater emphasis on social responsibility, which means active contributions to building resilient and inclusive communities such as guaranteeing food, water and energy security,

infusing entrepreneurship, furthering women’s economic empowerment, and assisting MSMEs in penetrating global markets.

Finally, he urged the business community to actively realize the post-2020 APEC vision on establishing the Asia-Pacific as a peaceful, stable and prosperous region.

“With the contributions and practical experience of businesses, we can develop a comprehensive and inclusive vision for the region, which ensures the interests of the people and businesses. This is also a prerequisite for sustainable growth in the APEC economies and business community in the future,” he noted.

He said Vietnam will carry out three strategic breakthroughs to improve institutions for its market economy, manpower, and infrastructure in the coming time.

In addition, the Government should focus on transforming the growth model; developing the knowledge economy and advanced technology; and modernizing agriculture, supporting industries, maritime economy and tourism.

The Government will also pay attention to fine-tuning institutional, policy and legal frameworks, protecting the environment, providing an enabling business environment for all sectors, unlocking business potentials, enhancing law enforcement and upholding the rule of law.

The CEO Summit will wrap up tomorrow.

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