Party economic blueprint highlights Vietnam’s hi-tech shift: Reuters
Reuters news agency analysed factors that can turn Vietnam into a sci-tech hub on an article published on February 1, which commented on the Communist Party of Vietnam (CPV)’s aim for the nation to realise comprehensive development in 2045.
Hanoi (VNA) – Reuters news agency analysedfactors that can turn Vietnam into a sci-tech hub on an article published onFebruary 1, which commented on the Communist Party of Vietnam (CPV)’s aim for thenation to realise comprehensive development in 2045.
According to Reuters, with more than a dozen free tradeagreements now under its belt, Vietnam aims to expand and diversify exportmarkets.
It cited the CPV’s economic development blueprint forVietnam in the next five years, saying the country would boost its growing roleas a key manufacturing hub for global giants like Samsung Electronics Co andIntel Corp. At the same time, the party is targeting raising the country’sprofile beyond a low-cost labour destination to a centre for science andtechnology, the article added.
Reuters said despite the pandemic, in January, a unit of FoxconnTechnology Co Ltd in Taiwan (China), a key Apple Inc supplier, obtained alicence to invest 270 million USD in Vietnam, while the US chipmaker Intel saidit raised its investment in the nation by 475 million USD to 1.5 billion USD.
The article added that according to the blueprint, thecountry will focus on measures to basically complete the elements of asocialist-oriented market economy, better handling the relationship between thestate and the market and society. It will also shift its focus on foreign directinvestment (FDI) from quantity to quality, with a focus on environmental risks./.
The results of the 13th National Congress of the Communist Party of Vietnam (CPV), with Nguyen Phu Trong re-elected as General Secretary of the 13th Party Central Committee, have made headlines around Asia.
Vietnam is firmly stepping into 2021 with a new mindset and soon realise the aspiration to build a powerful country, highlighted Times Kuwait, an English daily published in Kuwait.
The website radionacional.com.ar of Argentina on February 2 run an article titled “Vietnam builds its future”, spotlighting the success of the 13th National Congress of the Communist Party of Vietnam (CPV) and economic achievements of the country made after 35 years of its Doi Moi (renewal) process.
Cambodia’s Khmer Times newspaper published an article on February 1 saying that, under the leadership of the Communist Party of Vietnam (CPV), Vietnam is viewed as an economic success story and its growth has been among the highest worldwide over the last decade.
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.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
At the 13th National Party Congress (Photo: VNA) 
