Deputy Prime Minister Vuong Dinh Hue discussed problems facing the ASEAN Economic Community with a delegation from the Economic Research Institute for ASEAN and East Asia (ERIA) on July 18.
The Deputy PM thanked ERIA for coordinating with the Vietnamese Foreign Ministry to hold a seminar entitled “50 years of ASEAN: ASEAN Economic Community – opportunities for Vietnamese enterprises” scheduled for July 19.
He wished that ERIA experts would share research results with the Vietnamese government, especially those regarding the Comprehensive Plan to build ASEAN Economic Community (AEC) 2025.
On the future of ASEAN and ASEAN Economic Community (AEC), Hue expressed concern about possible risks and conflict regarding exchange rates as the Community has no common currency and fiscal year. He cited the unstable of some currencies in the community, and urged ERIA to find an appropriate orientation for the AEC in the matter.
The Deputy PM also discussed the connectivity between ASEAN and the East Asia, the role of Japan and several East Asian countries in connecting Vietnam and East Asia as well as negotiations on the Regional Comprehensive Economic Partnership (RCEP).
Other issues of Vietnam’s concern included the emerging trend of trade protection, trade facilitation, technical barriers, fraud prevention, among others.
ERIA President Hidetoshi Nishimura said ERIA will work closely with the Vietnamese government, Foreign Ministry, ministries and agencies concerned to ensure that Vietnam will successfully assume the role of ASEAN Chair by 2020.
The delegation shared research results about ASEAN Economic Community and Vietnam in particular, future orientations and challenges. They lauded Vietnam for succeeding in administrative reform and improving private sector’s involvement in policy reform.
He wished that ERIA experts would share research results with the Vietnamese government, especially those regarding the Comprehensive Plan to build ASEAN Economic Community (AEC) 2025.
On the future of ASEAN and ASEAN Economic Community (AEC), Hue expressed concern about possible risks and conflict regarding exchange rates as the Community has no common currency and fiscal year. He cited the unstable of some currencies in the community, and urged ERIA to find an appropriate orientation for the AEC in the matter.
The Deputy PM also discussed the connectivity between ASEAN and the East Asia, the role of Japan and several East Asian countries in connecting Vietnam and East Asia as well as negotiations on the Regional Comprehensive Economic Partnership (RCEP).
Other issues of Vietnam’s concern included the emerging trend of trade protection, trade facilitation, technical barriers, fraud prevention, among others.
ERIA President Hidetoshi Nishimura said ERIA will work closely with the Vietnamese government, Foreign Ministry, ministries and agencies concerned to ensure that Vietnam will successfully assume the role of ASEAN Chair by 2020.
The delegation shared research results about ASEAN Economic Community and Vietnam in particular, future orientations and challenges. They lauded Vietnam for succeeding in administrative reform and improving private sector’s involvement in policy reform.
Other News
- Vietnam news in brief - January 25
- Vietnam news in brief - January 22
- Vietnam news in brief - January 21
- Vietnamese leaders congratulate President Donald Trump on inauguration day
- Vietnam, Czech Republic issue Joint Statement on elevating ties to Strategic Partnership
- Vietnam news in brief - January 20
- President calls for overseas Vietnamese to join hands in nation-building efforts
- General Secretary acknowledges overseas Vietnamese’ contributions
- Vietnam news in brief - January 19
- Homeland Spring 2025: Overseas Vietnamese explore investment opportunities
Trending
-
G4 ambassadors sing in Vietnamese to celebrate Lunar New Year
-
Two Hanoi destinations honored at ASEAN Tourism Awards 2025
-
Vietnam ensures power and fuel supply during Tet
-
Hanoi promotes urban decorations for Tet
-
Vietnam hosts first international lantern competition
-
Hanoi kicks off the Spring Calligraphy Festival in celebration of Lunar New Year
-
Hanoi’s central role means heightened responsibility in foreign affairs: Mayor
-
Hanoi revives historic Tet traditions in Duong Lam Ancient Village
-
AI set to drive Vietnam's economic growth in 2025