ASEAN Economic Community Council convenes 20th meeting

The 20th ASEAN Economic Community (AEC) Council Meeting took place virtually on October 18 in preparation for the upcoming 38th and 39th ASEAN Summits and Related Summits slated for October 26 – 28.
ASEAN Economic Community Council convenes 20th meeting ảnh 1Deputy Minister of Industry and Trade Tran Quoc Khanh at the meeting. (Photo: VNA)
Hanoi (VNA) – The 20th ASEAN Economic Community (AEC) Council Meeting took place virtually on October 18 in preparation for the upcoming 38th and 39th ASEAN Summits and Related Summits slated for October 26 – 28.

At the event, the council discussed a mid-term review of the AEC Blueprint 2025. Vietnam’s Ministry of Industry and Trade acts as the agency holding the responsible for the implementation of the blueprint.

Participants also talked about the building of the post-2025 ASEAN vision, regional and global trends. They agreed to continue to strengthen inter-sectoral and inter-pillar coordination as well as cooperation with all components of the ASEAN Economic Community in building the vision to ensure inclusiveness and practical benefits for member countries, towards the goal of building a strong ASEAN Community as well as consolidating ASEAN's centrality in the Asia-Pacific region and in other regional linkages.

The implementation of Brunei’s economic collaboration initiatives, the preparation for the upcoming summits, and Cambodia’s orientations for building economic collaboration initiatives for 2022 were also tabled.  

Based on the results of the discussion, the conference approved a number of documents to be presented at the 38th and 39th ASEAN Summits, such as the Bandar Seri Begawan Roadmap on ASEAN digital transformation to accelerate the bloc's economic recovery and digital economy integration; an AEC circular economy development framework; and an ASEAN cooperation framework towards consolidating policies on micro-, small- and medium-sized enterprises./.
VNA

See more

The RoK's Finance Minister Choi Sang-mok speaks at a trilateral meeting with his Japanese and Chinese counterparts in Georgia. (Photo: Yonhap)

ASEAN+3 to create new financing facility against regional crises

The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.

Thailand to apply VAT on imports sent via post

Thailand to apply VAT on imports sent via post

The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
Malaysia asserts pioneering role in halal industry

Malaysia asserts pioneering role in halal industry

Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
ASEAN Future Forum 2024 enters first session

ASEAN Future Forum 2024 enters first session

The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
ASEAN bolsters intellectual property cooperation

ASEAN bolsters intellectual property cooperation

The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.