Hanoi (VNA)⛄ – A scientific seminar “Vietnam joins ASEAN Economic Community (AEC): opportunities, challenges and solutions” took place in Hanoi on November 9.
Founded on December 31, 2015, the AEC was built on political-security, economic and socio-cultural pillars, towards building a politically-connected, people-oriented community with vibrant economic growth.
Since joining the ASEAN in 1995, Vietnam has been an active member and has made significant contributions to the bloc.
With the birth of the AEC, ASEAN has become a common and united market that facilitates trade, services, investment, science-technology, labour, employment, innovation and institutional reform, pushing Vietnam’s global economic integration.
However, the AEC also poses challenges to Vietnam, including big gaps in economic power, science-technology standards and workforce quality between Vietnam and ASEAN, experts said at the seminar.
Participants discussed the competitiveness of businesses and the Vietnamese economy in the AEC and the world, and proposed measures to improve Vietnam’s competitiveness.
The event, held by the Ho Chi Minh National Academy of Politics, allows scientists, policymakers and the business community to identify both opportunities and challenges, and recommend corresponding solutions.-VNA
Vietnamese businesses should pay more attention to ASEAN markets in order to make use of the advantages created by the establishment of the ASEAN Community.
ASEAN International Expo 2016 kicked off in the southern economic hub of Ho Chi Minh City on September 28, with the participation of more than 160 firms from Vietnam and ASEAN countries
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA)
