18 Quotes from President Lương Cường of Viet Nam at the APEC CEO Summit
President of Viet Nam Lương Cường delivered remarks during the 2024 APEC CEO Summit and spoke about the transformative changes that are shaping the global political and economic landscape; its profound and transformative impact in the Asia-Pacific region that balances between tradition and innovation.
APEC and the evolving global landscape
1. “As a region composed of the world leading economies, the Asia-Pacific finds itself at the center of tech revolution, balancing tradition and innovation amidst diverse and adverse effects.”
2. “As we navigate significant global upheavals, confront risk of protectionism, fragmentation and decoupling, APEC must once again embrace its vital role as a bridge that connects and promotes cooperation of its members together.”
3. “We must endeavor to build a transparent and equitable international economic governance systems that ensures balanced benefit for all parties involved.
Globalization and trade
4. “We must ensure a peaceful and stable international environment that nurtures global trade and investment alongside economic integration and connectivity.”
5. “While globalization has delivered remarkable successes, it also brought forth challenges such as rising social inequality and an expanding wealth gap.”
6. “To restore and reinforce trust in free trade and economic integration, we must implement policies that support workers through vocational training, job creation and social welfare.”
7. “International trade and investments must comply with the regulations set by the WTO to ensure balanced interest and promote fair competition.”
8. “Viet Nam strides into a new era with renewed mindset, a strong aspiration to evolve into a prosperous and contented nation.”
9. “We [Viet Nam] fully support the multilateral trading system and recognize the key role of the WTO firmly believing the values of free trade, connectivity and international integration.”
Sustainability, innovation and digitalization
10. “The global digital transformation may either narrow or widen the wealth gap.”
11. “We must ensure that disruptive technologies, especially AI, are developed and applied responsibly and inclusively, becoming essential drivers of economic growth and social progress.”
12. “We must develop comprehensive solutions for transition to clean green energy to effectively address humanity's most pressing challenge: climate change.”
13. “Our foremost priority must be to address the bottlenecks in resource and technology, empowering developing economies [nations] to expand the energy systems to meet growing demand of social economic development, while reducing carbon emission towards a complete transition to renewable energy.”
14. “Viet Nam is establishing a new economy, shifting from brown to green, from a traditional to a digital economy, supporting startup and innovation.”
15. “We are restructuring the economy with innovative growth model that prioritize the green and circular economy, emphasizing cutting-edge industries such as chip manufacturing, semiconductors, automations and AI.”
16. “We are reviewing and refining our institutions and laws to facilitate businesses and investors and promoting innovation. We are committed to developing high-quality human resources. We are developing strategic infrastructure, particularly in transportation, energy and digital sectors.”
Role of the business community
17. “Take the lead in innovative business models and production processes towards green, circular and digital economic practice becoming a driving force, inspiring and facilitating growth of critical sectors.”
18. “Serve as a vital bridge to connect economies, enhance people-to-people exchanges, and contribute to building and strengthening cooperative friendly relations among nations.”