The ASEAN+3 Macroeconomic Research Office (AMRO) on April 12 published its annual ASEAN+3 Regional Economic Outlook (AREO) 2022 which forecasts the region’s growth at 4.7 percent this year and 4.6 percent in 2023, with growth for ASEAN at 5.1 and 5.2 percent, respectively.
Jakarta (VNA) - The ASEAN+3 Macroeconomic Research Office (AMRO) onApril 12 published its annual ASEAN+3 Regional Economic Outlook (AREO) 2022which forecasts the region’s growth at 4.7 percent this year and 4.6 percent in2023, with growth for ASEAN at 5.1 and 5.2 percent, respectively.
The growth outlook is underpinned by the region’s highvaccination rates, which should help mitigate the health risks of COVID-19, the report said.
Economists said that within ASEAN+3, financial risks arestill elevated in many economies due to the pandemic. Macro-financial policiescontinue to focuse on alleviating the pandemic’s impact on households andfirms and supporting an economic recovery. If the recovery is delayed, morebusinesses and individuals could come under financial stress.
According to the report, the war in Ukraine is an emergingrisk to the outlook. Its effects are already being felt in the region throughhigher energy prices. While ASEAN+3 economies have limited direct exposure toRussia and Ukraine, they will not remain unscathed if the war drags on. Theeconomic fallout - disrupted global supply chains, higher global inflation, andlower global growth - would undoubtedly hurt ASEAN+3 exports and growth.
In addition, soaring inflation in the United States hasprompted the US Federal Reserve to begin tightening monetary policy, butuncertainty remains as to how aggressive its approach will be.
Given the less supportive global policy settings in 2022,the region’s policymakers will have to undertake a crucial balancing act, avoidinga premature withdrawal of policy support to sustain the recovery, while at thesame time facilitating the reallocation of capital and labour to new andexpanding sectors and restoring policy space to prepare for future risks, saidAMRO Chief Economist, Dr. Hoe Ee Khor./.
The High-Level Task Force (HLTF) on ASEAN Community’s Post-2025 Vision discussed core elements of the Post-2025 Vision at its first meeting at the ASEAN Secretariat in Jakarta on March 31 and April 1.
The Association of Southeast Asian Nations (ASEAN) and China reaffirmed their commitment to further strengthen their partnership and cooperation in line with the ASEAN-China Comprehensive Strategic Partnership (CSP) established last year, as officials of both sides gathered at the 23rd ASEAN-China Joint Cooperation Committee Meeting on April 5.
Ambassador Nguyen Hai Bang, Permanent Representative of Vietnam to ASEAN, has attended the virtual 23rd ASEAN-China Joint Cooperation Committee (ACJCC) meeting.
The handover ceremony was held at the Malaysian Embassy headquarters in Mexico City on August 8, with the presence of heads of diplomatic missions from ASEAN member states in Mexico.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Illustrative image (Photo: VNA) 
