The ASEAN Economic Community portal was launched at a workshop in Hanoi on December 28, serving as an essential tool for businesses to improve their knowledge about the AEC and optimise its opportunities.
Hanoi (VNA) – The ASEAN EconomicCommunity (AEC) portal was launched at a workshop in Hanoi on December 28,serving as an essential tool for businesses to improve their knowledge about theAEC and optimise its opportunities.
According to Director of the World TradeOrganisation and Integration Centre under the Vietnam Chamber of Commerce andIndustry Nguyen Thi Thu Trang, 46.79 percent of businesses proactively studiedinformation on the AEC.
Among nearly 94 percent of businesses knowing theAEC, only 16.4 percent of them fully understand about the community, she said, attributingthe lack of effective access channels that help firms to grasp information onthe market, partners and commodities to the situation.
The launch of the portal is expected to bring aninsight about the AEC for businesses so that they can make good use ofopportunities from the common market.
First Secretary and Head of Political andEconomic Section at the British Embassy in Vietnam Andrew Holt affirmed that theAEC offers a valuable opportunity for Vietnam to promote exports and lureforeign investment.
Head of the ASEAN Division of the Ministry ofIndustry and Trade’s Multilateral Trade Policy Department Hoang Van Phuongcalled for prompt and efficient measures to boost exports to ASEAN.
Vice Chairman of the Vietnam Chamber of Commerceand Industry Hoang Quang Phong said in 2016, the Vietnamese Government haspushed ahead with comprehensive reform and has been ready for new integrationcommitments.
To implement four key pillars in the AEC,Vietnam has revised and promulgated new policies to realise commitments inspecific sectors such as distribution services, banking, insurance, stockexchange, and telecommunication.
2016 is also a special year for the Vietnamesebusiness community when the revised Law on Investment and Law on Enterprisescame into effect.
Additionally, the early adoption of the Law onsupporting small-and medium-sized enterprises is expected to support the legalframework to improve business environment.-VNA
ASEAN Inter-Parliamentary Assembly (AIPA) leaders gathered in Vientiane, Laos, for a meeting with ASEAN leaders on the occasion of the 28th & 29th ASEAN Summits.
Senior officials from the Association of Southeast Asian Nations (ASEAN) said on October 10 that they are willing to work towards a comprehensive partnership on the ASEAN Single Aviation Market.
APEC economies need to double their efforts to realise the Bogor Goals on trade and investment liberalisation in Asia-Pacific by 2020 in line with its roadmap, stated President Tran Dai Quang.
A forum on how to seize investment and trade opportunities in the ASEAN region took place in Jakarta, Indonesia, on November 23, gathering businessmen, economic experts and policy makers regionally and internationally.
The task of cuting trade deficit with ASEAN is huge for Vietnam as it involves a wide range of efforts from reforming technology to improving product quality, according to trade officials.
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.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
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.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
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.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
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).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
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).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
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.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Source: Internet)
