The 10th Asian Business Summit (ABS) in Hanoi on October 17 adopted a joint statement on a super connected Asia for sustainable development, showing the Asian business community’s commitment to the goal of inclusive, sustainable and prosperous development.

The press conference following the 10th Asian Business Summit in Hanoi on October 17

The annual summit, initiated by the Japan Business Federation (Keidanren) in 2010, is held on a rotational basis in big Asian economies.

This year’s event attracted leaders from 12 key economic organisations in Asian countries, including Japan, the Republic of Korea, India, Singapore, Malaysia, Thailand, China, Taiwan (China), the Philippines, and Vietnam.

At the press conference later the same day, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc, who also co-chaired the 10th ABS, said the summit shared the view that close cooperation among economies in the region is key to sustainable and inclusive development.

Its joint statement features content about a digital Asia which mentions growth strategies for promoting development and reform, and the building of a society that is smart in terms of agriculture, health care, urbanisation and environment to ensure sustainable development. 

Meanwhile, the section on a global Asia talks about global value chains and free trade which are necessary to boost the comprehensiveness in economy and infrastructure and human resources development through the enhancement of regional cooperation, Loc noted.