Thailand officially takes over APEC chairmanship for 2022
Thailand on November 12 took over the rotating chairmanship of the Asia-Pacific Economic Cooperation (APEC) forum from New Zealand, with Prime Minister Prayut Chan-o-cha declaring the theme for the APEC Year 2022 as "Open. Connect. Balance." at a virtual ceremony.
Prime Minister of Thailand Prayut Chan-o-cha (Source: AFP/VNA)
Bangkok (VNA) – Thailand on November 12 tookover the rotating chairmanship of the Asia-Pacific Economic Cooperation (APEC) forum from New Zealand, with Prime Minister Prayut Chan-o-cha declaring the theme forthe APEC Year 2022 as "Open. Connect. Balance." at a virtual ceremony.
The Thai PM said that Thailand was honored to host the APECmeetings next year, and would continue to work and collaborate with the APECeconomies for common development.
He called on APEC economies to synergize strength anddetermination in realising the goal of creating an open, dynamic, resilientand peaceful APEC community for future generations.
He explained the theme of "Open. Connect.Balance," hoping for APEC to be "opened" to all opportunities,"connected" in every dimension, and "balanced" in allaspects.
During APEC Year 2022, Thailand will hostabout 100 meetings focusing on inclusive and sustainable growth, promoting abalance between the economy and the environment and facilitating trade andinvestment. The 29th APEC Economic Leaders’ Meeting is slated to be held inThailand in November 2022. The country is promoting the concept of Bio, Circular, andGreen Economy, known as the BCG Economy Model, as the driving force behindAPEC's priorities next year./.
The economy of the Asia Pacific Economic Cooperation (APEC) region is forecast to grow by 6 percent this year and will settle at 4.9 percent in 2022, in anticipation of the unwinding of fiscal and monetary support measures, says a newly published report on economic trends in the Asia-Pacific.
In the upcoming Asia-Pacific Economic Cooperation (APEC) Chairmanship Year 2022, Thailand will focus on promoting sustainable, balanced and inclusive development across the socio-economic and environmental aspects that can be enjoyed by all.
Thai Prime Minister Prayut Chan-o-cha will attend the APEC Economic Leaders’ Week (AELW) via videoconference from November 11-12 under the chair of New Zealand.
The Commerce Ministry of Thailand has vowed to support exporters in trading bio-, circular and green (BCG) products which align with the global climate agenda and the world's megatrend that will focus more on BCG products.
Addressing the ceremony, Indonesian Ambassador Simon D.I. Soekamo, the rotating Chair of the ASEAN Committee in Cuba, highlighted the bloc's spirit of friendship and solidarity, and reaffirmed ASEAN's core values of peace, stability, and prosperity through cooperation and dialogue.
Vietnam’s pavilion notably displayed traditional crafts from the centuries-old lacquerware village of Ha Thai and Chu Dau ceramics. The atmosphere was further enriched by delegations wearing their countries’ traditional costumes, including the elegant ao dai and the graceful ao tu than of Vietnamese women.
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.
Prime Minister of Thailand Prayut Chan-o-cha (Source: AFP/VNA) 
