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12th CLMV Economic Ministers’ Meeting held online

The 12th Cambodia - Laos - Myanmar - Vietnam (CLMV) Economic Ministers’ Meeting was held online on August 24.
12th CLMV Economic Ministers’ Meeting held online ảnh 1At the event (Photo: VNA)
Hanoi (VNA) - The 12th Cambodia - Laos - Myanmar- Vietnam (CLMV) Economic Ministers’ Meeting was held online on August 24.

The meetingis a key event within the framework of the 52nd ASEAN Economic Ministers’Meeting and related meetings scheduled for August 22-30 in Hanoi.

Attending wereCambodian Minister of Commerce Pan Sorasak, Lao Minister of Industry and CommerceKhemmani Pholsena, Myanmar Minister of Investment and Foreign Economic RelationsThaung Tun, and ASEAN Secretary General Dato Lim Jock Hoi.

Minister ofIndustry and Trade Tran Tuan Anh, who led the Vietnamese delegation, proposedthe CLMV countries enhance policy coordination to overcome difficulties caused byCOVID-19, continue activities to link firms together, and remove obstaclesfacing exports and imports and cross-border trade.

Regarding theprogress of the CLMV economic cooperation action plan for 2021-2022, many activitieshave been basically completed or achieved positive results.

Ministers agreedto adopt action plans in the fields of trade and investment cooperation, the deliveryof regional commitments, post-pandemic recovery, the CLMV development framework,and human resources development.

They pledgedto assign heads of delegations at the ASEAN Senior Officials’ Meeting (SEOM) tostrengthen coordination and propose new and practical projects in the new era.

Anh suggestedCLMV countries remain active and proactive in seeking resources support from developmentpartners to carry out regional cooperation projects.

He said countriesshould outline new joint projects on capacity improvement and technical supportin the fields of digital economy, innovation, start-up facilitation, smart production,5G eco-systems, transportation, trade, and logistics infrastructure connectivity.

In order toensure the operation of supply chains, he proposed that countries facilitate trade,simplify processes and procedures for exports-imports and customs clearance in borderareas, and enhance transportation and logistics connectivity.

CLMV countriesshould continue sharing experience and information on policymaking, and createa favourable environment for attracting shifting investment waves, towards turningCLMV into an attractive destination for investors, he said.

Speaking highlyof the Vietnamese minister’s proposals, participants agreed on the need to boostcooperation to mitigate the COVID-19 pandemic’s impacts on economic-trade links,maintain trade and investment flows, and improve the countries’ capacity to copewith the pandemic and economic recovery./.
VNA

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