The head of the Vietnamese delegation to the meeting, Deputy Minister of Finance Truong Chi Trung said Vietnam’s contributions were spoken of highly. Trung said developing economies should focus efforts in economic restructuring to overcome the consequences of the global economic and financial crisis and realize growth targets sustainably.

Deputy Minister of Finance Truong Chi Trung grants VOV an interview

Vietnam supports the inclusion of a roadmap on the implementation of Public-Private Partnerships infrastructure projects in the finance ministers’ joint statement, which will be submitted to the APEC Summit for approval. 

The APEC Finance Ministers' Meeting adopted an 18-point joint statement which affirmed that the global economy still faces persistent weakness in demand, growth is uneven and remains below the pace necessary to generate needed jobs, and downside risks have risen. The APEC region, as the engine of the world economy, should lead the global recovery towards strong, sustainable and balanced growth.

Participants at the event (Photo: VNA)

The statement zoomed in on the importance of the APEC Finance Ministers’ Process as a platform for regional economies to share experiences, exchange views, build consensus, and deepen cooperation.

Besides, the bloc’s ministers remain committed to making use of this platform more actively and strengthening policy cooperation between the process and other multilateral cooperation mechanisms such as the G-20.