Kon Tum, southern Lao provinces beef up cooperation

Vice Chairman of the Can Tho municipal People’s Committee Truong Quang Hoai Nam speaks at the seminar on August 18 (Photo: VNA) Can Tho (VNA) – The Mekong Delta city of Can Tho wants to capitalise on chances in economic activities with ASEAN, especially the ASEAN Economic Community (AEC), Vice Chairman of the municipal People’s Committee Truong Quang Hoai Nam has said. The opportunities created by the AEC, which came into being on December 31, 2015, for people and businesses were spotlighted at a seminar held by the Can Tho People’s Committee on August 18. Participants presented cooperation opportunities for Vietnamese firms in the AEC, the country’s commitments in the community, the country’s optimisation of origin principle to benefit from the AEC’s tax incentives, along with opportunities and challenges for the Mekong Delta since Vietnam became an AEC member. Nam said Vietnam joined ASEAN in 1995, and the bloc has since been a gateway for the country to intensively integrate into the world in terms of politics, economy, culture and society. A number of delegations from ASEAN countries have come to Can Tho to seek investment opportunities over the last couple of years, and the city also wants to learn about ways to cooperate with regional nations, he noted. [Deputy PM discusses problems facing ASEAN Economic Community] Tran Huu Hiep, a member of the Steering Committee for the Southwestern Region, said when Vietnam is an AEC member, Can Tho and other Mekong…... [read more]

NDO – The ASEAN Economic Community (AEC) and the opportunities the community provides for residents and businesses were discussed at a seminar in Can Tho city on August 18. The event attracted the participation of representatives from the Ministry of Industry and Trade, Ministry of Foreign Affairs, the Steering Committee for Southwest Region and the leaders of the People’s Committees of cities and provinces in Mekong River Delta. Participants at the event were provided with an overview of the AEC, its role and operation, economic cooperation in the AEC, how the community will benefit Vietnamese businesses, in addition to Vietnam’s commitments while joining the AEC. They were also updated on the opportunities and challenges facing the Mekong River Delta, and Can Tho City in particular, since Vietnam joined the AEC. According to Vice Chairman of Can Tho city People’s Committee Truong Quang Hoai Nam, since Vietnam became a member of ASEAN in 1995, ASEAN has opened the door for Vietnam to widely and deeply integrate into the world in all fields of politics, economics, culture and society. By joining the AEC, two-way trade between Vietnam and the AEC member countries has increased annually. As a major centre in the Mekong River Delta, Can Tho city has taken advantage of the opportunities provided by the AEC in order to booster their cooperation with other countries in the region. However, being a member of the AEC has also posed certain challenges for Vietnamese businesses in their operations, goods consumption and competitiveness,…... [read more]

Total export turnover between Vietnam and ASEAN countries has increased seven-fold in the 20 years since Vietnam became a member of the bloc, according to a recent report from the General Department of Vietnam Customs summarizing Vietnam - ASEAN trade over the two decades.  ASEAN has continually been an important trading partner of Vietnam and the bilateral trade relationship has been growing. Trade value increased 12.3 per cent annually between 1996 and 2006 and 8.1 per cent each year from 2007 to 2016. Total export turnover stood at $41.49 billion in the 20-year period, accounting for 11.8 per cent of Vietnam’s total trade. Exports of goods from Vietnam to ASEAN in 2016 reached nearly $17.45 billion, down 4.4 per cent over 2015. Imports from ASEAN reached $24.04 billion, up 1 per cent. Vietnam has never recorded a trade surplus with the bloc since joining. In its first year, 1996, the deficit was $745 million, and last year stood at $6.59 billion. ASEAN was the largest trading partner of Vietnam in 1996 and 20 years later is the fourth largest partner, after the US, the EU, and China. Among ASEAN countries, Thailand is Vietnam’s largest trade partner, with turnover of $12.54 billion in 2016, followed by Malaysia with $8.51 billion, up 30-fold over the 20-year period.  Singapore was third, with trade in 2016 reaching $7.16 billion, accounting for 17.3 per cent of total trade between Vietnam and ASEAN. Bilateral trade with Indonesia in 2016 reached $5.61 billion, accounting for 13.5 per…... [read more]

Prime Minister Nguyen Xuan Phuc speaks at the event (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc and his spouse chaired a ceremony to mark the 50th founding anniversary of the Association of Southeast Asian Nations (ASEAN) and 22 years of Vietnam’s accession to the bloc in Hanoi on August 8. The PM highlighted the achievements that ASEAN has gained over the past a half century to become a strong and united community with rules-based operation and comprehensive and extensive connectivity across the fields, contributing to the maintenance of peace, stability, cooperation and development in the region. ASEAN has an increasing role and position in the region and beyond, he said, adding that the association is also playing a crucial role in the evolving regional architecture. The bloc should reinforce solidarity and unity, promote internal strength to increase its connectivity and build a rules-based community with the widespread participation of people to bring them with pragmatic benefits, he recommended. With a population of over 630 million and the total gross domestic product (GDP) of nearly 2.6 trillion USD per year, ranking sixth in the world, along with a peaceful and stable environment, ASEAN is a spotlight of economic cooperation in the Asian-Pacific region and the world at large. “The achievements that ASEAN has gained over the past 50 years are very huge, creating a firm foundation for the development of the ASEAN Community and the realisation of the ASEAN Community Vision…... [read more]

NDO/VNA – Prime Minister Nguyen Xuan Phuc and his spouse chaired a ceremony in Hanoi on August 8 to mark the 50th founding anniversary of the Association of Southeast Asian Nations (ASEAN) and 22 years of Vietnam’s ASEAN membership. The PM highlighted the achievements that ASEAN has gained over the past a half century to become a strong and united community with rules-based operation and comprehensive and extensive connectivity across the fields, contributing to the maintenance of peace, stability, cooperation and development in the region. ASEAN has an increasing role and position in the region and beyond, he said, adding that the association is also playing a crucial role in the evolving regional architecture. The bloc should reinforce solidarity and unity, promote internal strength to increase its connectivity and build a rules-based community with the widespread participation of people to bring them with pragmatic benefits, PM Phuc recommended. With a population of over 630 million and the total gross domestic product (GDP) of nearly US$2.6 trillion per year, ranking sixth in the world, along with a peaceful and stable environment, ASEAN is a spotlight of economic cooperation in the Asian-Pacific region and the world at large. “The achievements that ASEAN has gained over the past 50 years are very huge, creating a firm foundation for the development of the ASEAN Community and the realisation of the ASEAN Community Vision 2025,” the leader said. He affirmed that Vietnam always considers ASEAN a priority pillar in its…... [read more]

NDO/VNA – Prime Minister Nguyen Xuan Phuc and his spouse chaired a ceremony in Hanoi on August 8 to mark the 50th founding anniversary of the Association of Southeast Asian Nations (ASEAN) and 22 years of Vietnam’s ASEAN membership. The PM highlighted the achievements that ASEAN has gained over the past a half century to become a strong and united community with rules-based operation and comprehensive and extensive connectivity across the fields, contributing to the maintenance of peace, stability, cooperation and development in the region. ASEAN has an increasing role and position in the region and beyond, he said, adding that the association is also playing a crucial role in the evolving regional architecture. The bloc should reinforce solidarity and unity, promote internal strength to increase its connectivity and build a rules-based community with the widespread participation of people to bring them with pragmatic benefits, PM Phuc recommended. With a population of over 630 million and the total gross domestic product (GDP) of nearly US$2.6 trillion per year, ranking sixth in the world, along with a peaceful and stable environment, ASEAN is a spotlight of economic cooperation in the Asian-Pacific region and the world at large. “The achievements that ASEAN has gained over the past 50 years are very huge, creating a firm foundation for the development of the ASEAN Community and the realisation of the ASEAN Community Vision 2025,” the leader said. He affirmed that Vietnam always considers ASEAN a priority pillar in its…... [read more]

After admitting Brunei (1984), Vietnam (1995), Laos and Myanmar (1997), ASEAN included Cambodia in 1999 to form the ten-member bloc. December 31, 2015 was a milestone in the history of ASEAN as the ASEAN Community was established, serving as an important hallmark in the regional connectivity. The ASEAN Community has been the first of its kind formed in Asia.    Overcoming various challenges over the past 50 years, ASEAN has become the most successful regional cooperation bloc. From a five-member association born in the conflicting situation of the Cold War, ASEAN expanded and grew into a close-knit community of ten countries in the Southeast Asian region. From a region of conflicts and tensions, Southeast Asia has become a region of peace, stability and development with the connectivity and cooperation promotion of ASEAN. From countries diversified in various aspects, the ten nations have become members of the unified ASEAN Community, whose practices of dialogue, consensus, and cooperation in dealing with shared problems of the region have increasingly been strengthened. From a sub-regional cooperation mechanism, ASEAN has grown into an association with the “core” and “central” role among cooperation mechanisms in the Asia-Pacific region, gathering the engagement of major powers and other countries in the region and the world as well as other international organizations with high commitments to peace, stability, and cooperation in the Asia-Pacific region.  These achievements have not only demonstrated the righteousness of the path that ASEAN has been steadily embarking on for…... [read more]

The flag raising ceremony at the headquarters of the Ministry of Foreign Affairs was attended by Deputy Foreign Minister (FM) Bui Thanh Son, Deputy Minister of Labor, Invalids and Social Affairs Doan Mau Diep, and Vice Chairman of the Hanoi municipal People’s Committee Nguyen Van Suu, among others.  Delegates attending the flag raising ceremony in Hanoi  Foreign guests at the ceremony included heads of the diplomatic corps in Hanoi and Venezuela Ambassador to Vietnam Jorge Rondon Uzcategui, and ambassadors and embassy representatives of ASEAN member countries and ASEAN partner countries in the capital city.  Guards of honor approach positions  Addressing the ceremony, Deputy FM Bui Thanh Son emphasized that the foundation of the ASEAN Community in 2015 is a historic milestone in the connectivity process of ASEAN. It also bears special significance to the association, the region and each member nation.  The deputy minister noted that with a population of 630 million, GDP of almost USD 3,000 billion and a growth rate of 4.7 percent in 2016, ASEAN is a driving force of the regional economy.  ASEAN flag hoisted in front of the headquarters of the Ministry of Foreign Affairs  He went on to say that as a prestigious organization in Asia-Pacific, ASEAN operates basing itself on the ASEAN Charter and uniform values and principles. The ASEAN way is built…... [read more]

Delivering a speech on August 7, which also marks the 22nd year of Vietnam’s entry into the group, the PM said that “Vietnam and member countries would accelerate internal trade and investment, develop infrastructure, and narrow development gaps; effectively co-operate to serve the people, improve people’s living standards, ensure social welfare, and promote the pride of the community; build an ASEAN Community based on law, especially fundamental principles of international relationships; and improve the efficiency of partnerships, maintain a central role in the region, and uphold common viewpoints on regional and international issues.”  Prime Minister Nguyen Xuan Phuc delivers a speech on the 50th founding anniversary of ASEAN.  PM Phuc said the 21st century had posed opportunities and challenges for ASEAN in realizing the ASEAN Community Vision 2025 which calls for “a law-based ASEAN Community, serving the people and considering the people as central.”  “ASEAN is implementing renewals and adjusting the bloc in a more flexible and efficient manner and more importantly the association continues to maintain the solidarity built up over the past half century,” he said.  Becoming an official member of ASEAN in 1995, Vietnam is proud to have contributed to ASEAN. In that time, Vietnam’s achievements have grown along the growth of the group, he said.  The ten-member ASEAN has become more and more strong politically, and has enjoyed steady economic development, with institutions increasingly complete and relations closely linked, PM Phuc said.  “Through historical upheavals, ASEAN has turned Southeast Asia…... [read more]

As the ASEAN bloc celebrates 50 years since its establishment on August 8, 1967 – with Vietnam present for 22 of those years – now seems an opportune time to look back on the successes of this bloc. Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh talks VIR’s Thanh Tung about the positive effects that ASEAN membership has had on Vietnam in these years, and vice versa. What impacts has the ASEAN Community had on Vietnam’s expanding trade and in attracting foreign direct investment (FDI)? The ASEAN Economic Community (AEC), which is one of the ASEAN Community’s three major pillars, is the realisation of the end goal of regional economic integration of the 10 ASEAN economies. It facilitates the free flow of goods, capital, services, investment, and skilled labour. AEC has created a single market home to a population of over 600 million people, with a GDP of about $3 trillion. ASEAN is now the world’s seventh-largest market. In terms of investment, Vietnam has received strong investments from ASEAN member states. This was seen not only after ASEAN became a community, but also before the community was born, thanks to the bloc’s agreements on fostering trade and investment. Regarding trade, since the community was established, the trade volume among ASEAN member states has soared. But this has not been the case for Vietnam, which has seen its trade with other ASEAN markets…... [read more]




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