State President Nguyen Minh Triet confirmed that Vietnam
resolutely opposes protectionism as it prevents economies from developing
strongly and in a free manner.
President
Triet stated this while receiving the heads of various business communities at
the third meeting of the Asia-Pacific Economic Forum’s Business Advisory
Council (ABAC) in the central city of Da
Nang on August 24.
He informed his guests that after joining the
World Trade Organisation, Vietnam
has had to work hard to reshape its laws, particularly on intellectual property
rights, up to global standards and assured the participants that foreign
businesses will be protected by Vietnamese law when investing in the country.
While highlighting the spirit of cooperation
amongst APEC businesses in efforts to weather the difficulties created by the
global economic crisis, President Triet also called on those businesses to take
the lead during the post-crisis period.
He also encouraged businesses to bring up issues
that hold back the regions business community from making investments in other
APEC economies to the APEC Summit, which will take place in Singapore in
November, so that the organisation’s leaders can look for ways to address them.
“When all economies work together in harmony, the
crisis will be over,” emphasised President Triet.
