Vietnamese State President Luong Cuong to attend the 32nd APEC Economic Leaders' Week in the Republic of Korea at the invitation of RoK President Lee Jae-Myung
The invitation has been extended by RoK President Lee Jae-Myung, the ministry said in a press communique on October 24.
Established in 1989, the Asia-Pacific Economic Cooperation (APEC) is a regional economic forum to promote free trade, economic cooperation, and sustainable growth among countries in the Asia-Pacific region.
The forum currently has 21 member economies, including some of the world’s leading economies such as the United States, China, and Japan, 9 members of the G20, and many dynamic emerging economies. Collectively, these members represent approximately 38 per cent of the world’s population, contribute 61 per cent of global GDP, and account for 47 per cent of global trade.
Vietnam joined APEC in 1998, participating fully in the forum’s economic, trade, and investment cooperation mechanisms. It hosted the APEC Economic Leaders’ Week in Da Nang in 2017, marking a milestone in promoting free trade, digital connectivity, and sustainable development initiatives.
The country is scheduled to play host to the coming APEC summit in 2027.
