State President, APEC leaders talk of "sustaining growth"

VGP – State President Nguyễn Minh Triết today attended the 1st retreat of the 17th APEC Leaders’ Meeting and gave a keynote address to the 11th session titled “Investing in the development of emerging markets” of the APEC CEO Summit held in Singapore.

November 14, 2009 6:07 PM GMT+7

State President Nguyễn Minh Triết (L) in the lunch of APEC leaders after the 1^st retreat, Singapore, November 14, 2009 - Photo: VOV News

At the retreat "Sustaining growth," APEC leaders were unanimous that the world economy is getting back on its track.

They pledged to continue measures to stimulate economic growth until economic recovery is stabilized.

They also acknowledged the need to build a new growth model and an open trade agenda in order to enhance regional integration.

State President Nguyễn Minh Triết addresses APEC CEO Summit 2009, Singapore, November 14, 2009 - Photo: VOV News

Việt Nam’s experience: Combining short and long-term policies

In the morning, addressing the APEC CEO Summit “Rebuilding the global economy: Crisis and opportunity,” State President Nguyễn Minh Triết stressed that, questions for developing and emerging economic are not only how to attract foreign investment but how to draw this flow of capital in an effective way.

The Vietnamese head of state introduced three lessons of Việt Nam in this field, especially conducting short-term policies to overcome difficulties while creating pre-conditions for long-term sustainable development.

To cope with the global economic and financial crisis, Việt Nam spent a considerable part of its economic stimulus packages on infrastructure development and human resource nurturing, said Mr. Triết.

Highlighting corporate social responsibility, President Triết urged enterprises and investors to join hands with governments and communities to rebuild the economy.

By Xuân Hoàng