The National Assembly’s Committee for External Relations held a conference in Hanoi on June 16 to inspect the establishment of ASEAN Economic Community (AEC), one of the three pillars of the ASEAN Community that will be formed at the end of this year.
The event was prepared for a hearing on the process of building the ASEAN Community, which is scheduled to be organised on August 18.
Speaking at the conference, Deputy Minister of Industry and Trade Nguyen Cam Tu briefed participants on the nature of AEC, saying that the community is a framework for deeper economic integration among ASEAN member nations, formed as the result of integration initiatives for 12 priority fields within ASEAN.
The 12 fields comprise 7 commodities, including farm products, aquatic products, electronics, wooden products, rubber, automobile, and textiles and garment, and 5 services tourism, health care, aviation transport, information technology and logistics.
The Deputy Minister stressed that the founding of the AEC aims to turn ASEAN into a common production base and market with free circulation of goods, services, investment, skilled labourer, and capital flow; while promoting balanced development among the group’s member states, improving competitiveness of the regional economy, and boosting the regional economic integration into the global economy.
At the event, representatives from the NA’s Committees for External Relations, Economy, and Finance-Budget reported the building and implementation of legal documents related to Vietnam’s integration process and legal harmonization within ASEAN.
Delegates also underlined the need for Vietnam to step up communication efforts to boost public awareness and social consensus on the ASEAN Community, and speed up administrative reform, especially in trade.
Speaking at the conference, Deputy Minister of Industry and Trade Nguyen Cam Tu briefed participants on the nature of AEC, saying that the community is a framework for deeper economic integration among ASEAN member nations, formed as the result of integration initiatives for 12 priority fields within ASEAN.
Deputy Minister of Industry and Trade Nguyen Cam Tu
|
The Deputy Minister stressed that the founding of the AEC aims to turn ASEAN into a common production base and market with free circulation of goods, services, investment, skilled labourer, and capital flow; while promoting balanced development among the group’s member states, improving competitiveness of the regional economy, and boosting the regional economic integration into the global economy.
At the event, representatives from the NA’s Committees for External Relations, Economy, and Finance-Budget reported the building and implementation of legal documents related to Vietnam’s integration process and legal harmonization within ASEAN.
Delegates also underlined the need for Vietnam to step up communication efforts to boost public awareness and social consensus on the ASEAN Community, and speed up administrative reform, especially in trade.
Other News
- Hanoi retail outlets open to keep prices stable during Tet
- Vietnam ensures power and fuel supply during Tet
- Bolstering transport connectivity: Focus in Vietnam-China relations
- Vietnam-US ties a reference for int’l relations: Marco Rubio
- Vietnam expected to join OECD: PM
- PM outlines key factors for ASEAN’s success in smart era
- Vietnam, Switzerland upgrade bilateral ties to comprehensive partnership
- The Czech Republic sees Vietnam as most important economic partner in SEA
- Hanoi seeks 5% export growth in 2025
Trending
-
Master urban planning to lift Hanoi into new era: Expert
-
Hanoi makes strides in traffic management
-
The 45 snake sculptures – unique masterpieces celebrate the Year of the Snake
-
Tet through the eyes of overseas students
-
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