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PIA Press Release
2010/05/17

PGMA attends June 6-7 World Economic Forum in Vietnam

Tacloban City (May 17) -- President Gloria Macapagal-Arroyo has accepted the invitation for her to attend the 19th World Economic Forum on East Asia in Vietnam on June 6 to 7.

In a radio interview, Presidential Spokesman Ricardo Saludo said that the WEF on East Asia 2010 scheduled to be held in Ho Chi Minh City is very important because this will give the Philippines the chance to tell business leaders around the world about the successful conduct of elections which will hopefully boost investor confidence in the country.

Vietnam was selected to host the WEF on East Asia 2010 because of the fact that it currently chairs the Association of Southeast Asian Nations (ASEAN) and as a developing country in the Region.

Around 400 political and business leaders and experts will gather in Vietnam next month for the 19th World Economic Forum on East Asia, according to the WEF official website.

Leaders across East Asia are expected to attend and collaborate to achieve and sustainable economic recovery and ensure the fortification of the Region's future competitiveness while driving innovation and environmentally friendly economies.

The annual event which has for its theme "Rethinking Asia's Leadership Agenda" will focus on four main topics, Asia's leadership agenda, global risks, green economies, and programs for future growth.

The region is expected to maintain high growth when the members of the Association of Southeast Asian Nations (ASEAN) fuse their markets into one by 2015.

The event is expected to highlight the region's steady economic recovery through increasing regional economic integration, local consumption and adaptive stimulus measures.

The World Economic Forum is a Geneva-based non-profit foundation known for its annual meeting in Switzerland which brings together business executives, leaders, intellectuals, and journalists to discuss the most pressing global issues, including health and the environment.

It holds 10 regional meetings annually in Africa, East Asia, Latin America, and the Middle East.

The last World Economic Forum on East Asia was held in Seoul, South Korea and focused on the implications of the global economic crisis on the region. (PIA 8) [top]

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