Vietnam has been making great strides in projecting itself as an effective ASEAN leader, particularly with its proactive governance in handling the COVID-19 pandemic, climate change policy, and for its political stability, the ASEAN Post reported.
Motorists wait on their motorcycles at a traffic light during rush hour in Ho Chi Minh City on September 8, 2020. (Photo: AFP)
Hanoi (VNA) - Vietnam has been making great strides in projecting itself as aneffective ASEAN leader, particularly with its proactive governance in handlingthe COVID-19 pandemic, climate change policy, and for its political stability,the ASEAN Post reported.
In its articlepublished last weekend, the ASEAN Post highlighted the leading role of Vietnamas the current Chair of ASEAN, saying the country has been actively involvedwith the association since 1995 when it joined the bloc with the aim ofbringing all Southeast Asian countries together to promote regional peace,freedom, and prosperity.
It highlighted that Vietnam is the only Southeast Asian country that has achieved climateaction, according to the Sustainable Development Report 2020. Vietnam ispowering ahead of the rest of Southeast Asia as it pushes for greater relianceon renewable energy.
Regardingeconomic growth, even during these unusually rough times, the Vietnameseeconomy has been remarkably resilient, thanks to the government’sdrastic actions such as tax breaks,the delaying of tax payments, and land-use fees for businesses.
FDI worth over12 billion USD was registered in Vietnam between January and April this year.
In addition,Vietnam recorded a trade surplus of more than 9.9 billion USD, the highestcompared to the previous four years.
Vietnam’seconomy in the third quarter of this year has been positive, registering a 2.6percent growth driven by the agriculture, forestry, and fisheries sectors,which grew 2.93 percent. The industry and construction sector grew 2.95 percentand services grew 2.75 percent. Overall Vietnam's growth in 2020 is expected tobe in the range of 2.9 percent.
The ASEAN Postalso highly spoke of Vietnam as one of the more politically stable countries inthe region.
As SoutheastAsia’s rising star, Vietnam could assume an effective dual leadership strategywith traditional ASEAN de facto leader, Indonesia, it said.
The success ofVietnam's COVID-19 strategy – which is centred on its experience with similarvirus outbreaks in the past – has rightly attracted the attention of theinternational community. The ASEAN member state should be commended for itseffective pandemic policies, which has resulted in low levels of transmissionand fatalities.
Together withIndonesia, Vietnam can alter the security environment of ASEAN and lead theassociation in the right direction in terms of all its member states’individual and collective goals, it said./.
Vietnam moved up one spot to rank 12th out of 26 countries and territories in the 2020 Asia Power Index conducted by the Lowy Institute, an independent think-tank in Australia.
Head of the Vietnamese mission to ASEAN Ambassador Tran Duc Binh on October 19 attended the 7th meeting of ASEAN-Korea Joint Cooperation Committee (AKJCC), which discussed measures to strengthen cooperation between the two sides in the time to come.
The ASEAN Coordinating Centre for Humanitarian Assistance on Disaster Management (AHA Centre) has sent aid to the two Vietnamese provinces of Thua Thien-Hue and Quang Tri hit by flooding that has caused loss of life and property.
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.
The facility was established in response to a growing shift in the Filipino labour force from the Middle East to Japan, where workers are seeking safer working environments.
In the latest Indonesia-US trade agreement in July, the US administration agreed to reduce the reciprocal tariff, which was initially set at 32% by US President Donald Trump last April, to 19%.
Real estate agency ERA Singapore estimated that there are 2,703 condo developments in Singapore today, of which 836 or 31% are at least 30 years old. In 10 years, this number is expected to climb to 1,160, assuming none is sold en bloc.