Illustrative image (Source: VNA) HCM City (VNA) – The threat of macro-economic headwinds dragging global growth should be the impetus ASEAN needs to push its reform agenda harder in 2019, according to a report recently released by the HSBC Group. Amid improving intra-regional flows to offset global trade slowdown, ASEAN economies could partly offset any trade downturns if supply chain diversion to Southeast Asia materialises, but increasing the ease in which goods and services flow across ASEAN will make the transition more widespread, it said. However, more needs to be done to smooth the flow of goods and services across the bloc. This includes rolling out the ASEAN one-stop shop mechanism to all ASEAN countries, standardising the cost and time of customs clearance across Southeast Asia and enabling more free movement of professionals across the region. On the other hand, foreign direct investment into Southeast Asia has softened post-global financial … [Read more...] about HSBC: Global headwinds create impetus for ASEAN integration
Asean integration meaning
The 16thSummit of the Association of Southeast Asian Nations (ASEAN), the first summit in Việt Nam's Chairmanship Year in 2010, opened in Hà Nội today. The meeting carries an important mandate of setting forth the directions and appropriate solutions to accelerate ASEAN integration and enhance its strength in effectively addressing regional issues as well as global challenges. After more than four decades of existence and development, has entered a new stage of development, steadily moving towards the realization of the ASEAN Community by 2015 and operating on legal foundation as provided for by the ASEAN Charter. The goal of an ASEAN Community manifests in itself the Member States' shared vision, earnest desire and strong determination. In his opening speech, Vietnamese PM Nguyễn Tấn Dũng emphasized that, the most important thing now is to take resolute and strong joint actions, undertake concrete steps and measures to accomplish the set goals and plans our, harmoniously … [Read more...] about 16th ASEAN Summit opens: Joint actions to realize ASEAN Community
They said that the developments erode trust, intensify tensions, and threaten peace, stability and security in the East Sea. The FMs agreed on the need to further enhance solidarity, responsibility and role of ASEAN in addressing the East Sea issue. Speaking at the meeting, Deputy PM, FM Pham Binh Minh urged ASEAN to promote its active role and sense of responsibility, strengthen solidarity, and push relevant parties to comply with the common principles agreed by themselves, particularly the principles on restraint, not using or threatening to use force, and handling all disputes by peaceful means on the basis of international law—especially the 1982 United Nations Convention on the Law of the Sea (UNCLOS), fully and effectively implementing the Declaration on the Conduct of Parties in the East Sea (DOC) – particularly Article 5, while working towards the formation of a Code of Conduct in the East Sea (COC). Regarding ASEAN Community building, Deputy PM, FM Minh said that … [Read more...] about ASEAN FMs voice deep concern over East Sea issue
A cohesive regional community could be a boon for migrant workers, but it could also leave them unprotected The coming together of the ASEAN member states in a single economic community in 2015 is expected to provide a greater wealth of opportunities for growth across the region. But there is still a lot of misunderstanding about what this will mean for migration flows in the region and at the country level. People sometimes refer to a free movement of labor, as in Europe, but that prospect remains distant. As this new economic community emerges, there will be opportunity for the greater mobility of workers who move across national boundaries to fill skills shortages, increase their incomes and gain new experiences. However, discussions have primarily focused on labor mobility for skilled workers through Mutual Recognition Arrangements (MRAs) that provide freedom of movement and rights to work across the region for professionals in eight fields - accountancy, engineering, … [Read more...] about How will ASEAN regional integration affect labor migration in Vietnam?
The Hanoitimes - On December 31, Malaysian Foreign Minister Anifah Aman announced that the Community Association of Southeast Asian Nations (ASEAN Community) is officially established, which marked a milestone in the history of ASEAN. Foreign Minister Anifah Aman said Malaysia welcomed the official establishment of the ASEAN Community. “Today, December 31, 2015, marks another significant milestone in ASEAN’s history as it is the day the ASEAN Community is formally established,” he said.The Minister said Malaysia welcomes the formation of the ASEAN Community and reiterated the country’s support to further strengthen the community building and regional integration as well as implement commitments under the ASEAN Community’s Post-2015 Vision and ASEAN 2025: Forging Ahead Together. On December 31, 2015, flag ceremonies to celebrate the official formation of ASEAN Community was held at the Ministry of Foreign Affairs, Hanoi As Chair of ASEAN in 2015, … [Read more...] about ASEAN Community established – a milestone in ASEAN’s history