The APEC Business Advisory Council (ABAC) agreed on recommendations to be submitted to APEC leaders at its meeting in the central city of Da Nang on November 5.
|
The presidency of the ABAC meeting (Photo: VNA)
The
fourth ABAC meeting reviewed recommendations that the council will submit to
APEC leaders in their meeting on November 10, and built an action plan for
2018 in Papua New Guinea,
ABAC 2017 Chair Hoang Van Dung told reporters after the meeting.
The recommendations
focus on promoting regional integration and removing protectionism barriers
to facilitate business development and investment; support for small- and
medium-sized enterprises in terms of finance and technologies; vision until
2020 and afterwards, Dung said.
The ABAC
was set up by APEC leaders at the third APEC Economic Leaders’ Meeting, which
took place in Japan in 1995, with the aim of promoting the role of the
private economic sector in APEC cooperation.
The ABAC
now comprises of 63 members representing leading businesses in the region.
Source: NDO |
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
