Delegates take a photo at the opening (Photo: VNA) Singapore (VNA) – The 50th ASEAN Economic Ministers (AEM 50) Meeting and Related Meetings kicked off in Singapore on August 29 with the participation of economic leaders from 10 ASEAN member states and partner countries. The Vietnamese delegation, led by Deputy Minister of Industry and Trade Tran Quoc Khanh, participated in the meetings. In his speech at the opening ceremony, Singaporean Prime Minister Lee Hsien Loong highlighted the establishment and development of the Association of Southeast Asian Nations (ASEAN). He said the bloc has tremendous economic potential with a strong market of over 630 million people. The grouping’s GDP growth has averaged 5.4 percent in recent years, well above the global average, and is projected to expand around this rate over the next five years, he noted. ASEAN is forecast to become the fourth-largest economy in the world by 2030, just behind the US, China and the European … [Read more...] about 50th ASEAN Economic Ministers Meeting opens in Singapore
Asean economic community 2015
ASEAN economic integration achievements and VN’s participation
Minister of Industry and Trade Tran Tuan Anh. Photo: VGP The following is the translated version of his article: The year 2018 marks the 11th anniversary of Viet Nam’s accession to the World Trade Organization, 20th anniverarsary of Viet Nam’s participation in the Asia-Pacific Economic Cooperation (APEC), 23rd anniversary of Viet Nam’s official admission to the Association of Southeast Asian Nations (ASEAN), and 51st founding anniversary of the bloc. ASEAN was established in Bangkok on August 8, 1967 with the aim of rallying political power in order to promote economic cooperation and development towards shared prosperity and ensure peace and stability in Southeast Asia. The five original members, namely Indonesia, Malaysia, the Philippines, Singapore and Thailand agreed on the signing of the ASEAN Declaration. It was followed by the enlargement of ASEAN with Brunei joining the bloc on January 8, 1984, Viet Nam on July 28, 1995, Laos and Myanmar on July 23, 1997 … [Read more...] about ASEAN economic integration achievements and VN’s participation
CEOs assess business sentiment across ASEAN markets
Viet Nam News HÀ NỘI — Some 20 years after the Asian financial crisis brought many Southeast Asian nations to their knees, business sentiment is buoyant in a region that now functions as one of the primary engines of global growth, according to the results of our inaugural Business Barometer: OBG in ASEAN CEO Survey. Around 84 per cent of executives surveyed across six ASEAN states – Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Việt Nam – had positive or very positive expectations for local business conditions in the coming 12 months, while 72 per cent were likely or very likely to make a significant capital investment. The upbeat results reflect Asia’s emergence as the main driver of global economic expansion. The IMF forecasts the GDP of the “ASEAN-5” – defined by the fund as Indonesia, Malaysia, the Philippines, Thailand and Việt Nam – to grow by 5.4 per cent and 5.3 per cent in 2018 and 2019, … [Read more...] about CEOs assess business sentiment across ASEAN markets
ASEAN countries seek to foster mutual legal assistance in criminal matters
The eighth meeting of senior officials on the agreement on mutual legal assistance in criminal affairs among ASEAN countries opened in Hà Nội on Thursday.— Photo plo.vn HÀ NỘI — The eighth meeting of senior officials on the agreement on mutual legal assistance in criminal affairs among ASEAN countries opened in Hà Nội on Thursday. This is the second meeting hosted by the Ministry of Public Security of Việt Nam and the first one organised since the formation of the ASEAN Economic Community on December 31, 2015. … [Read more...] about ASEAN countries seek to foster mutual legal assistance in criminal matters
ASEAN, Australia issue Joint Statement
The following is the full statement: JOINT STATEMENT OF THE ASEAN-AUSTRALIA SPECIAL SUMMIT: THE SYDNEY DECLARATION Sydney, Australia, 18 March 2018 1. We, the Heads of State/Government of the Member States of the Association of Southeast Asian Nations (ASEAN) and Australia, met in Sydney, Australia, on 18 March 2018 for the ASEAN-Australia Special Summit, the first time we have met together in Australia. 2. We acknowledge that the ASEAN-Australia Special Summit marks a new era in the increasingly close ASEANAustralia relationship, elevated to a Strategic Partnership in 2014. This Summit reaffirms that we are partners with a vital stake in a dynamic region undergoing major changes. We commit to intensify our shared work to shape a secure and prosperous region for our people. 3. We reaffirm our commitment to ASEAN’s central role in the evolving rules-based regional architecture that is open, transparent, inclusive, and promotes stability and prosperity through ASEAN-led mechanisms. … [Read more...] about ASEAN, Australia issue Joint Statement