WEF President Børge Brende (first, left) and other ASEAN leaders at the opening session of the WEF ASEAN 2018 in Hanoi on September 12 (Photo: VNA) Hanoi (VNS/VNA) – President of the World Economic Forum (WEF) Børge Brende has highlighted ASEAN’s recent technological achievements in an interview given to Vietnam News on the occasion of the WEF on ASEAN 2018 taking place in Hanoi on September 11-13. The following is the full text of the interview. - Reporter: Industry 4.0 has been creating drastic and dramatic changes for ASEAN countries’ socio-economic development. How do you assess their achievements in the context of fast-advancing science-technology applications? Brende: We see that many ASEAN countries have developed strong national-level plans for the digital economy, like the Smart Nation initiative in Singapore or Thailand 4.0. So far, the plans seem to focus on infrastructure roll-out, and that is not a bad thing; without the proper … [Read more...] about ASEAN makes great technological achievements: WEF President
David Wijeratne, PwC’s Growth Markets leader On September 12, David Wijeratne, PwC’s Growth Markets Leader, will present findings of a PwC report on the future of ASEAN at a press conference at the World Economic Forum on ASEAN meeting in Hanoi. ASEAN – a unique growth story 2017 marked the 50th anniversary of ASEAN, which is a unique achievement considering the conflicts and poverty which characterised the region in the first half of the 20th century. Since its inception, ASEAN has not only doubled its membership, but has also successfully weathered both the Asian financial crisis of 1997 and the global economic crisis of 2008–2009, to become the sixth-largest economy globally. Along this remarkable growth journey, ASEAN has managed to balance economic growth with human development to lift millions of people out of poverty across the entire region. However, a number of challenges, including a slowdown in short-term economic growth, weak workforce … [Read more...] about What does the future hold for ASEAN?
By Dat Nguyen  September 10, 2018 | 11:55 am GMT+7 Three startups from Vietnam were selected among 80 businesses to participate in the World Economic Forum on ASEAN 2018. Photo by Reuters Eighty Southeast Asian startups will take part in the World Economic Forum on ASEAN meeting in Hanoi from Tuesday to Thursday. The participants, including three from Vietnam, were selected by a panel of judges from out of 300 that applied. “We expect the startups to make an important contribution to shaping the debates at the meeting about the impact and course of new technologies and disruptive business models,” Justin Wood, the WEF’s Asia Pacific head and member of its executive committee, said in a statement. “The startups will also benefit from their interactions with the other 1,000 participants at the summit, including 90 government ministers and 600 business leaders from more established companies.” There will be a dedicated program for them … [Read more...] about World Economic Forum on ASEAN attracts 80 Southeast Asia start-ups
This is particularly important given obstacles posed by trade protectionism and unilateralism in international trade relations, participants said at the 50th ASEAN Economic Ministers (AEM-50) Meeting and Related Meetings, which wrapped up in Singapore on September 1, after four days of working. Economic ministers from ASEAN stated that the AEM-50 has significant meaning to push negotiations of free trade agreements (FTAs) between ASEAN and its partners, especially the RCEP. ASEAN economic leaders in a joint photo at the event The negotiations of the RCEP are expected to be concluded at the end of 2018 with important tasks such as building mechanisms on customs procedures and trade facilitation in the region, competitiveness policy, intellectual property, elimination of trade barriers, e-commerce development, building ASEAN trade facilitation indicators, supporting micro, small, and medium enterprises, optimizing trade incentives, and narrowing development gap among … [Read more...] about ASEAN affirms central role in creating new trade architecture: AEM-50
Representatives from the embassies of ASEAN countries in Vietnam attend a seminar to discuss the agenda for the World Economic Forum on ASEAN 2018 (Photo: VNA) Hanoi (VNA) – The World Economic Forum on ASEAN (WEF ASEAN) 2018 will take place in Hanoi from September 11-13 under the theme “ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution”. Ahead of the event, diplomats shared their viewpoints on the organisation of the WEF ASEAN as well as the opportunities and challenges for the Association of Southeast Asian Nations (ASEAN) amid Industry 4.0. Malaysian Ambassador to Vietnam Zamruni Khalid expressed his support for Vietnam hosting the forum, as the country has experience in organising successfully the APEC Year 2017. Vietnam will be successful in organising the WEF ASEAN, he believed. While evaluating opportunities and challenges offered by Industry 4.0, he said ASEAN countries could learn from each other to promote the movement and run … [Read more...] about WEF ASEAN meets common concerns of regional countries and beyond