 President Luong Cuong receives Cho Hyun-sang, Chair of the APEC Business Advisory Council 2025 and ABAC delegates. (photo: VOV) |
President Luong Cuong received Cho Hyun-sang, Chair of the APEC Business Advisory Council (ABAC) 2025 and Vice Chairman of the Republic of Korea’s Hyosung Group, along with ABAC members representing the 21 APEC economies on Tuesday. The event took place within the framework of the Council’s third meeting (ABAC III) in Hai Phong City.
According President Cuong, ABAC III is among the first activities marking the start of Vietnam’s preparations for hosting APEC in 2027. Therefore, he called on the business communities of the APEC economies to continue their support and partnership so that the country can fulfil this important responsibility.
While commending Hyosung’s business activities in Vietnam, Mr. Cuong affirmed Vietnam's commitment to support investments in high-tech sectors, as in line with its science, technology, and innovation-driven national development strategy. He also asked Mr. Cho to keep working closely with Vietnamese authorities to promote Vietnamese businesses' cooperation with partners across the Asia-Pacific.
Mr. Cho said the meeting with President Luong Cuong demonstrated Vietnam’s strong support for the international business community. He saw it as a testament to Vietnam’s ongoing efforts to improve its investment environment, enhance public-private dialogue, and support foreign businesses in securing long-term, effective, and sustainable investment in the country.