ASEAN-East Asia merchandise trade tops 1.7 trillion USD in 2023
The merchandise trade between ASEAN and East Asian countries in 2023 topped 1.73 trillion USD, accounting for 49.7% of ASEAN's total trade value and making East Asia the top trading partner of ASEAN, according to figures released at the recent 12th East Asia Summit (EAS) Economic Ministers' Meeting in Vientiane, Laos.
12th East Asia Summit (EAS) Economic Ministers' Meeting is held in Vientiane, Laos on September 21. (Photo: asean.org)
Vientiane (VNA) ღ– The merchandise trade between ASEAN and East Asian countries in 2023 topped 1.73 trillion USD, accounting for 49.7% of ASEAN's total trade value and making East Asia the top trading partner of ASEAN, according to figures released at the recent 12th East Asia Summit (EAS) Economic Ministers' Meeting in Vientiane, Laos.
The ASEAN and East Asian countries are long-term economic partners with strong integration in trade and investment, Lao Minister of Industry and Trade Malaithong Kommasith said at the September 21 event.
Foreign Direct Investment (FDI) flows from East Asian countries to ASEAN reached 124.6 billion USD in 2023.
After economic, trade and investment cooperation plans in the region are implemented, trade and investment integration between ASEAN and the East Asian countries will be further tightened.
At the meeting, participants exchanged views on regional and global economic challenges that could likely impact supply chain resiliency in the region, such as climate change, industrial policies, inflationary pressures and heightened geopolitical tensions, among others.
They also discussed measures to strengthen the role of the World Trade Organisation and promote regional economic growth.
In addition, participants at the meeting also heard about the preparations for the 19th EAS and discussed the Joint Statement of the 12th EAS Economic Ministers’ Meeting./.
Participants at the second round of talks between the Association of Southeast Asian Nations (ASEAN) and the Mekong River Commission (MRC) in Vientiane have committed to resolving water security challenges across the Mekong and ASEAN regions.
A high-level forum on ASEAN Supply Chain Connectivity: "Key Issues and Challenges" was held in Vientiane, Laos, on September 16, with participants discussing the critical need to enhance integration amid evolving global challenges.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
