An online consultation of ASEAN economic ministers with the ASEAN Business Advisory Council (ASEAN BAC) took place on August 24 under the chair of Minister of Industry and Trade Tran Tuan Anh.
Minister of Industry and Trade Tran Tuan Anh chairs the event (Photo: VNA)
Hanoi (VNA) - An onlineconsultation of ASEAN economic ministers with the ASEAN Business Advisory Council (ASEAN BAC) took place on August24 under the chair of Minister of Industry and Trade Tran Tuan Anh.
Representativesfrom ASEAN BAC presented recommendations on strengthening coordination between governmentsand ASEAN’s business community in responding to the impact of COVID-19 and buildinga post-pandemic economic recovery plan.
Chairman of ASEAN BAC 2020 Doan Duy Khuong highlighted the theme of the ASEAN Business and Investment Summit (ASEAN BIS), which is scheduled for November in Hanoi within theframework of the 37th ASEAN Summit.
“Digital ASEAN: Sustainability and Inclusiveness” will discuss the importance ofIndustry 4.0 in stimulating trade and investment growth and addressing the consequencesof the COVID-19 crisis and other challenges facing the region, Khuong said.
Ministers reviewed ASEAN BAC’s activities over recent years, including the Network of Digital Startups (Digital STARS) project, the Smart Growth Connect (SGConnect) project, the ASEAN Mentorship for Entrepreneurs Network (AMEN) project, and the Digital Trade Connect project.
ASEAN BAC also mentioned the ASEANBusiness Awards 2020, an annual event honouring regional businesses and recognisingtheir important position in the ASEAN economy.
ASEAN economic ministersvalued the ASEAN BAC initiative, emphasising that closecoordination between governments and business communities is essential not onlyin responding to COVID-19 but also in promoting economic integration within ASEANas well as between the bloc and its partner countries.
They requestedASEAN BAC work more closely with regional governments in implementing objectivesset out in the Hanoi Plan of Action andthe Action Plan approved by the group and its partners, such as Japan and ASEAN+3 countries, to prevent and mitigate the economic impact of the pandemic in theregion and to consolidate regional supply chains, contributing to promoting post-pandemiceconomic recovery in the region./.
Thai Prime Minister and Defence Minister Prayut Chan-o-cha is scheduled to attend the 36th ASEAN Summit and relevant meetings chaired by Vietnamese Prime Minister Nguyen Xuan Phuc on June 26.
The Governments of ASEAN member countries will spare no efforts to help the business community surmount challenges brought by the COVID-19 pandemic to quickly recover and resume services and production, Prime Minister Nguyen Xuan Phuc said on June 26.
The Vietnam Business Summit 2020, themed “Digitalised Vietnam: Adaptability Towards Sustainable Development”, is to take place on November 12, a press conference in Hanoi on July 22 heard.
The ASEAN Woman Entrepreneur Summit is schedule to take place on November 9 and aims to create a favourable business environment to promote women’s economic power and gender equality in the region.
Vietnam has been a highly responsible and enthusiastic member of ASEAN in the past 25 years since its membership of the bloc, Dr. Munir Majid, Chairman of ASEAN Business Advisory Council Malaysia (ASEAN-BAC Malaysia) has said.
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.
Minister of Industry and Trade Tran Tuan Anh chairs the event (Photo: VNA)
