Vietnam to officially take over APEC 2027 host role on October 21

Vietnam to officially take over APEC 2027 host role on October 21

On October 21, Minister Ngô Văn Tuấn and the Vietnamese Ministry of Finance delegation are scheduled to attend further sessions and hold bilateral meetings before Vietnam formally takes over the APEC host role at the closing ceremony of the 33rd APEC Finance Ministers’ Meeting.

Việt Nam attends the 33rd APEC Finance Ministers’ Meeting (FMM 2026) in Hong Kong (China). — VNA/VNS Photo

Việt Nam is officially assuming the role of host of APEC 2027 at the closing ceremony of the 33rd APEC Finance Ministers’ Meeting (FMM 2026) on October 21, according to the Ministry of Finance.

The two-day meeting, held in Hong Kong (China) as part of APEC 2026, saw Finance Minister Ngô Văn Tuấn deliver a key address on Việt Nam’s macroeconomic situation and outlook, as well as policy directions to maintain macroeconomic stability and lay the groundwork for the country’s double-digit growth target in 2027.

On October 21, Tuấn and the Vietnamese Ministry of Finance delegation are scheduled to attend further sessions and hold bilateral meetings before Việt Nam formally takes over the APEC host role at the closing ceremony.

At the invitation of Finance Minister Lan Fo’an of China, host of APEC 2026, Tuấn is among the main speakers at a key discussion on macroeconomic developments, alongside senior representatives of the Chinese and US finance ministries.

That Việt Nam was invited to deliver the keynote address at this important macroeconomic policy dialogue reflects the host economy’s and other APEC members’ recognition of the country’s standing and credibility, as well as its notable achievements in macroeconomic governance in recent years, the ministry said.

During the discussion, Tuấn shared assessments of the global and regional economic situation and highlighted Việt Nam’s macroeconomic performance in the first nine months of 2026.

Global economic growth is projected at 3.1 per cent in 2026 and 3.4 per cent in 2027, supported by flexibility in energy markets and investment in artificial intelligence (AI). However, the world economy continues to face risks from geopolitical tensions, high interest rates and technological gaps among economies.

Việt Nam’s economy performed positively in the first nine months of 2026, with GDP growing by 9.01 per cent and the consumer price index (CPI) rising by 4.52 per cent, Tuấn said.

The country also received several encouraging signals, including an upgrade to emerging market status for the stock market, an investment-grade rating and its entry into the upper-middle-income group. Foreign direct investment (FDI) inflows also reached a record high, with registered capital totalling US$50.4 billion by the end of September.

Meanwhile, the structure of state budget expenditure was optimised, with the share allocated to development investment rising to around 40 per cent and recurrent spending curbed through the streamlining of the administrative apparatus.

Public debt remained at a safe level of approximately 35-36 per cent of GDP, providing fiscal space for investment in strategic infrastructure and key projects.

“These results stem from the effective coordination of targeted expansionary fiscal policy, flexible monetary policy and institutional reforms," the minister noted.

"Looking towards 2027, Việt Nam aims to achieve double-digit growth while maintaining macroeconomic stability and renewing its growth model based on science and technology.”

At the meeting, the global and regional macroeconomic outlook is a central topic of discussion among representatives of international organisations and member economies. Assessments by the International Monetary Fund (IMF), the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) highlighted the interplay between geopolitical risks and technology-driven growth, particularly advances in AI.

International financial institutions also warned that conflicts in the Middle East could disrupt supply chains and energy transportation, while El Niño could threaten food security. These factors could put upward pressure on prices and push regional inflation to 4.2 per cent.

Representatives of member economies shared policy measures aimed at strengthening macroeconomic resilience.

The US Treasury highlighted the role of technological innovation in stimulating investment flows and praised supply chain adjustments and stockpiling measures to mitigate the impact of volatility in energy markets.

China’s Ministry of Finance outlined its goal of maintaining economic growth at around 5 per cent, accelerating the green transition and reviving aggregate demand through a 30-trillion-yuan public investment disbursement plan linked to efforts to strengthen the social safety net. 

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