The ASEAN+3 Finance and Central Bank Deputies’ Meeting (AFCDM+3) is held via video conferencing on August 5 under the chair of Vietnam and Japan. (Photo: VNA)
Hanoi (VNA)- The ASEAN+3 Finance and Central Bank Deputies’ Meeting (AFCDM+3) was held viavideo conferencing on August 5 under the chair of Vietnam and Japan.
This is an importantmeeting in a series of ASEAN and ASEAN+3 financial cooperation events chaired byVietnam this year to prepare for the ASEAN+3 Finance Ministers’ and Central BankGovernors’ Meeting slated for September.
Deputy Finance Ministersand Deputy Governors of the central banks of ASEAN member states and China, theRepublic of Korea, and Japan discussed the region’s financial cooperation initiatives,such as the Chiang Mai Initiative Multilateralisation (CMIM) and the Asian BondMarkets Initiative (ABMI), and approved policies and plans for the mid-term operationsof the ASEAN+3 Macroeconomic Research Office (AMRO).
Participantsexpressed their appreciation of the progress made in the continuous completion ofthe CMIM to meet new requirements in the financial market and to be in accordancewith a coordination mechanism between CMIM and the International Monetary Fund (IMF).
They spoke highly ofefforts made by AMRO to carry out macro-economic supervision and to support memberstates in improving their policy-making capacity.
They also hailed theachievements made by ABMI working groups in researching measures to better the investmentenvironment, developing new investment tools, completing the legal framework, upgradinginfrastructure for the bond market, and carrying out technical assistance programmesto improve the bond markets of member economies.
In the hope of intensifyingregional economic and financial stability, delegates considered the pace ofimplementation of new initiatives within the framework of the Strategic Directionsof ASEAN+3 Finance Process.
During this meeting,the Deputy Finance Ministers and Deputy Governors of central banks had a specialdiscussion session to share policy measures in response to the impact of the COVID-19pandemic and to update the situation in and assess the macro-economic prospectsof regional countries./.
The first protocol to amend the ASEAN-Japan Agreement on Comprehensive Economic Partnership (AJCEP) officially took into effect in Japan and the five ASEAN member states of Laos, Myanmar, Singapore, Thailand and Vietnam on August 1.
Prime Minister Nguyen Xuan Phuc held phone talks with his Japanese counterpart Shinzo Abe on August 4 to discuss promoting bilateral ties as well as cooperation at regional and global forums.
Vietnamese Ambassador to India Pham Sanh Chau has suggested countries push ahead with the digital economy and IT application in the administrative system in order to enhance connectivity and integration in the Indo-ASEAN-Oceanic region.
The 53-year history of the Association of Southeast Asian Nations (ASEAN) has proved that a united grouping with close linkages and combined national and regional interests will be able to maintain its central role.
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.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
The ASEAN+3 Finance and Central Bank Deputies’ Meeting (AFCDM+3) is held via video conferencing on August 5 under the chair of Vietnam and Japan. (Photo: VNA)
