Vietnam to continue with efforts to realize APEC Vision 2040: Official

Founded in 1989, APEC comprises 21 economies: Australia, Brunei, Canada, Chile, China, Hong Kong (China), Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Taiwan (China), Thailand, the U.S., and Vietnam. Permanent Deputy Foreign Minister Bui Thanh Son In an article on the APEC Vision 2040, Son noted that the vision was adopted at the 27th APEC Economic Leaders’ Meeting on November 20, marking the starting point of a new journey of cooperation towards an open, dynamic, resilient, and peaceful Asia-Pacific community. Amid complex and unpredictable developments in the region and the world, multilateral cooperation has become more urgent than ever. The APEC Vision 2040 has given new impetus to regional cooperation and economic connectivity while affirming APEC’s role as the leading mechanism of economic connectivity and consolidating trust in multilateralism, he said. Only five years after its inception, at the second APEC Economic Leaders’ Meeting in Indonesia’s Bogor city in November 1994, participants approved the Bogor Goals, targeting liberalized trade and investment for developed economies by 2010 and for developing countries by 2020. These goals became the “lodestar” for APEC activities over the last two decades, turning the forum into… Read full this story

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