• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Viet Nam attends 55th ASEAN Economic Ministers' Meeting

VGP - Minister of Industry and Trade Nguyen Hong Dien attended the 55th ASEAN Economic Ministers' Meeting inSemarang, Indonesia, on August 19.

August 19, 2023 8:38 PM GMT+7
Viet Nam attends 55th ASEAN Economic Ministers Meeting - Ảnh 1.

Minister of Industry and Trade Nguyen Hong Dien (fifth to left) attends the 55th ASEAN Economic Ministers (AEM) Meeting and Related Meetings, Semarang, Indonesia, August 19, 2023 - Photo: VNA

At the meeting, Viet Nam gave constructive comments to issues related to intra-ASEAN economic cooperation such as the signing of the Protocol for the Second Amendment of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), negotiations to upgrade the ASEAN Trade in Goods Agreement (ATIGA), and preparations for starting the negotiations of the ASEAN Digital Economy Framework.

Viet Nam's contributions to the meeting has manifested its strong commitments to regional economic integration, and its active role in taking part in activities that create impetus for global and regional economic growth, promoting post-COVID-19 economic recovery and consolidating regional supply chains.

Secretary-General of ASEAN Kao Kim Hourn attended the event, which saw the participation of economic ministers from 10 ASEAN Member States.

The meeting discussed the latest macroeconomic development and investment trends in the region, as well as the progress of the implementation and enhancement to the ASEAN Comprehensive Investment Agreement (ACIA), including the substantially concluded 5th Protocol to Amend the ACIA, which is targeted to be signed in 2024.

Meanwhile, other crucial issues including Indonesia's prioritized economic cooperation initiatives in 2023 ASEAN Chairmanship, the ASEAN Strategy for Carbon Neutrality, and the upgrading of ATIGA were also referred.

According to the Asian Development Bank, ASEAN's economic growth reached 5.1 percent in 2022 and is forecast to reach 4.6 percent and 4.9 percent in 2023 and 2024, respectively.

In 2022, ASEAN's trade turnover reached US$3.8 trillion, up 14.9 percent compared to 2021. China is still ASEAN's main trading partner with two-way turnover reaching US$722.2 billion, accounting for 18 8 percent of the total trade turnover of the region, followed by the U.S. (10.9 percent) and the European Union (7.7 percent).

Meanwhile, intra-ASEAN trade accounted for 22.3 percent of total trade turnover, up from 21.3 percent in 2021. In terms of investment, total capital poured into ASEAN reached US$224.2 billion in 2022, an increase of 5.5 percent compared to 2021./.