At a meeting in Singapore (Source: VNA) Singapore (VNA) – A Vietnamese delegation led by Deputy Minister of Industry and Trade Tran Quoc Khanh attended the ASEAN Economic Community Council Meeting and the Preparatory Meeting of the ASEAN Economic Ministers’ Meeting in Singapore on November 12. Deputies discussed issues regarding economic and trade cooperation, as well as intra-bloc investment; reviewed Singapore’s priorities and initiatives for 2018; and updated the progress of activities towards achieving the ASEAN Economic Community 2025 goals. Such contents will be submitted to the 33rd ASEAN Summit and related meetings from November 13-15. Ministers agreed on the fourth protocol amending the ASEAN Comprehensive Investment Agreement, which will promote the construction of an open, free, and transparent investment region that is pointed towards global integration. Regarding the ASEAN Trade in Services Agreement – one of Singapore’s … [Read more...] about Vietnam attends ASEAN economic meetings in Singapore
Asean economic integration
Vietnam to step up efforts in global economic integration: PM
The Hanoitimes - The country is under pressure to be more active in integrating to the world economy, according to Prime Minister Nguyen Xuan Phuc. Global economic integration is one of the main driving forces for a higher national competitiveness and sustainable development, requiring strong efforts from Vietnam to make this process more efficient and substantial, PM Phuc said in an instruction cited by the government portal. Illustrative photo. The integration process and technology advancement in the coming year play a key role in shifting global economic structure, which in turn would have significant meaning to Vietnam's economic development, said Phuc. According to the PM, the world has witnessed a growing trend of linkages among trade and investment activities, as well as the introduction of new-generation bilateral and multilateral free trade agreements, putting pressure on Vietnam to be more active in integrating to the world economy. Phuc … [Read more...] about Vietnam to step up efforts in global economic integration: PM
50th ASEAN Economic Ministers Meeting opens in Singapore
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 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
MoIT’s contributions to Asia-Pacific economic integration
You have been the chair of many significant events in Vietnam’s hosting of APEC 2017, the annual activities of the 21-member Asia Pacific Economic Cooperation forum. Could you share with us your impressions of these activities? The year 2017 marked Vietnam’s outstanding success in hosting APEC events, which peaked with a summit week in the city of Da Nang with the participation of leaders of the world’s largest economies, such as the US, China and Japan, and their bilateral meetings with Vietnamese leaders. The summit gathered more than 21,000 participants from foreign countries and international organizations, and 2,000 representatives of leading domestic and international groups, and witnessed the signing of 121 agreements worth more than US$20 billion. Vietnam, as the host, was successful in drawing the attention of all member economies to APEC 2017’s theme “Creating new dynamism, fostering a shared future” and to four priorities for achieving … [Read more...] about MoIT’s contributions to Asia-Pacific economic integration