The APEC Business Summit 2024 took place on November 14, within the framework of the Asia-Pacific Economic Cooperation (APEC) 2024 High-Level Week in Lima, Peru. President Luong Cuong, as the main guest, delivered an important speech at the conference.
According to the Vietnamese Ministry of Foreign Affairs, highlighting the role of the business community, President Luong Cuong said that optimism, daring to think, daring to do, and the ability to discover and take advantage of opportunities even in difficult times are the keys to success.
President Luong Cuong emphasized that the business community can contribute effectively in a number of aspects, namely: Firstly, pioneering in innovating business models, production towards green, circular, digital transformation...; becoming a leading force, spreading and leading the development of important sectors and fields of the economy.
Second, increase investment in research and development, promote the development and application of breakthrough technologies to find solutions to the world's pressing problems.
Third, actively participate in the process of shaping laws and regulations for new, strategically important areas of the world economy.
Fourth, it plays a bridging role, connecting economies, promoting people-to-people exchanges, contributing to building and strengthening cooperative and friendly relations between countries.
The President proposed further strengthening the role and contributions of the business community, especially in green transformation, digital transformation, technology development, shaping world economic laws and regulations, and strengthening people-to-people exchanges, cooperation, and friendship between countries.
President Luong Cuong emphasized that Vietnam is entering a new era, with a new mindset, with a strong desire to develop a prosperous and happy country, and with a firm belief in a bright future.
President Luong Cuong affirmed that Vietnam’s strong development will open up many new opportunities for both domestic and international enterprises in the fields of trade, industry, agriculture, tourism, infrastructure, logistics and high-tech industries. The Vietnamese market has, is and will bring many benefits and advantages that few places have for international enterprises and investors.
The President also highlighted the important advantages that Vietnam's economy has: One, a favorable geographical location in the Southeast Asian region, with a dynamic, highly open economy and a network of 17 free trade agreements;
Two, a large, potential market; a favorable destination for the process of shifting supply chains in the region; population size ranked 15th in the world, synchronous infrastructure, business environment among the most favorable in Asia;
Third, Vietnam is creating a new economy, transforming from brown to green, from traditional economy to digital economy, startups and innovation;
Fourth, develop strategic infrastructure, especially transport infrastructure, energy infrastructure, and digital infrastructure.
President Luong Cuong affirmed that, in the face of great changes in the world and risks of protectionism, fragmentation and separation, APEC once again needs to shoulder the responsibility of bridging, connecting and promoting cooperation among members to jointly build a transparent and equitable international economic governance system, ensuring balanced benefits for all parties.
