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Vietnam Today

SOM 2 wraps up

Released at: 08:57, 19/05/2017 APEC Viet Nam 2017

SOM 2 wraps up

Photo: apec2017.vn

Conclusion of SOM 2 and related meetings marks halfway point of Vietnam's hosting of APEC Year 2017.

by Van Long

The APEC 2017 Second Senior Officials’ Meeting (SOM 2) concluded in Hanoi on May 18, the Vietnam News Agency reports.

Chaired by Deputy Foreign Minister Bui Thanh Son, the two-day meeting discussed APEC’s long-term cooperation orientations and proposals on the reform of the APEC apparatus to make it more effective in promoting initiatives benefiting businesses and people.

Comprising nearly 50 meetings and workshops, SOM 2 drew about 2,300 delegates from 21 member economies and the business community, scholars, as well as representatives from international organizations and ministries and sectors in Vietnam.

SOM 2 and related meetings played a key role in speeding up the implementation of the theme and four priorities of APEC Year 2017 that were approved at the SOM 1 in Nha Trang in March.

Major outcomes of the meeting include member economies’ strong support for APEC’s role as a driver of regional economic growth and connectivity and a cradle of cooperation and links for common prosperity in the Asia-Pacific region.

Member economies expressed their determination to reach the Bogor Goals on trade and investment by 2020 in combination with creating equal opportunities for all people and enterprises to join and benefit from regional economic growth and connectivity, thus contributing to global efforts in sustainable development.

Participants at the Multi-Stakeholder Dialogue on APEC Towards 2020 and the Future concurred that the post-2020 APEC Vision is a significant issue that needs to be discussed this year. They also proposed the timetable, targets, and content of cooperation as well as specific steps to build the vision.

The High-Level Policy Dialogue on Human Resources Development in the Digital Age approved a framework on human resources development in the digital age, which will be submitted to APEC leaders. As an initiative proposed by the host country, the framework is expected to support APEC efforts to develop skilled human resources to meet new demands in the digital era and implement strategies on quality and inclusive growth.

The meetings also reviewed and accelerated the implementation of long-term APEC programs, especially action programs of member economies to realize the new APEC Agenda on structural reform, the APEC Connectivity Blueprint, the APEC roadmap on improving services competitiveness, and the Lima Declaration on the Free Trade Area of the Asia-Pacific (FTAAP).

Many new ideas were also presented regarding the four priorities of APEC Year 2017, in particular a proposal on designing an action plan to promote economic, financial, and social inclusion in the APEC region with the aim of giving all people equal opportunities to benefit from regional growth and connectivity.

The SOM 2 and related meetings marked the halfway point of Vietnam’s hosting of APEC Year 2017, expressing the country’s efforts to strengthen international integration as well as its view of considering the Asia-Pacific region and APEC a focus of its foreign policy.

Six Vietnamese ministries - Industry and Trade; Foreign Affairs; Labor, Invalids and Social Affairs; Planning and Investment; Science and Technology; and Construction - chaired and co-chaired committees, working groups, and activities during SOM 2.

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