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Streets in Da Nang city decorated with panels welcoming the 2017 APEC Economic Leaders' Week

Titled “APEC 2017: Vision and new position of Vietnam”, the article held that through the APEC Year 2017, Vietnam has shown its dynamic, pioneering role and responsibility as a member of the top important economic forum in the Asia-Pacific region.

It underscored that what Vietnam has performed so far has been highly evaluated by international communities, especially through its professional organization of events and positive initiatives to promote APEC cooperation and connectivity.

This is the second time Vietnam has hosted an APEC Year, when the world and the region are experiencing complicated developments, and the APEC is striving to finish the Bogor Goals on trade and investment liberalization in 2020 amidst many difficulties hindering the process of globalization and economic connections, noted the article.

It added that the APEC Vietnam 2017 is both a challenge and an important chance for strengthening growth and connectivity in Asia-Pacific as well as in the world.

Regarding the strategic vision of Vietnam’s foreign relations through the APEC 2017, the paper held that this is an important opportunity to affirm Vietnam’s brainpower and its foreign policy influence.

The success of the APEC Year 2006 and the rising prestige of Vietnam have helped the country host the APEC Year 2017 with a new position, according to the article.

It said that the theme of the APEC 2017, “Creating New Dynamism, Fostering a Shared Future”, has been applauded by the international community.

The APEC 2017, which gathers 13 out of 25 strategic partners of Vietnam, is a focus of the country’s foreign relations in the year, it said.

The paper once again highlighted that Vietnam’s hosting the APEC Year 2017 and its participation in the G20 Summit as a guest this year has shown international friends’ trust in Vietnam and their appreciation of the country’s cooperation initiatives.

Established in 1989, the Asia-Pacific Economic Cooperation (APEC) forum comprises 21 economies, including 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, Chinese Taipei, Thailand, the US, and Vietnam.

APEC represents about 39 percent of the world’s population and contributes 57 percent to global GDP and 49 percent of international trade.

Source: VNA