Vietnam attends 25th World Economic Forum on ASEAN
Vietnam will continue integrating into the world, strengthening solidarity and making responsible contributions to building the ASEAN Community, said Deputy Prime Minister Trinh Dinh Dung.
Kuala Lumpur (VNA)♛ – Vietnam will continue integrating into the world, strengthening solidarity and making responsible contributions to building the ASEAN Community, Deputy Prime Minister Trinh Dinh Dung announced to the 25th World Economic Forum (WEF) on ASEAN that opened in Kuala Lumpur, Malaysia on June 1.
Amid opportunities and challenges faced by ASEAN, Dung said sustainable and inclusive development is a crucial goal in Vietnam’s development strategies and plans.
In the foreseeable future, Vietnam will continue with comprehensive reform, economic restructuring and shift to an economically, socially and environmentally sustainable growth models, he said, adding that the country will consistently strive to fine-tune its market economy mechanism, improve its business climate and human resources quality via comprehensive reform of education-training and infrastructure ramp-up, particularly in rural areas.
In his speech at the opening of the forum themed: “Shaping ASEAN agenda for growth and inclusiveness,” Malaysian PM Najib Razak said ASEAN is the seventh largest economic bloc in the world and has room for increasing internal trade by 30 percent by 2020.
Participants shared the view that ASEAN should strengthen mechanisms, improve human resources, infrastructure and connectivity among member states.
Attending a high-level dialogue on the fourth industrial revolution, Deputy PM Dung and Malaysian PM Najib Razak, Cambodian PM Hun Sen and Indonesian Vice President Jusuf Kalla discussed the potential, opportunities and challenges facing the revolution.
On the occasion, the Deputy PM and Malaysian PM Razak pledged to carry out the Vietnam – Malaysia action programme for 2016-2018 and boost trade, investment and labour ties.
The Vietnamese official and WEF Executive Director agreed on increased joint work in WEF’s initiatives and activities as well as thorough preparations for the WEF-Mekong conference to be held in Vietnam in late October.
Dung and Vice President of the Asian Development Bank (ADB) Stephen Groff were committed to accelerating infrastructure, climate change prevention, economic restructuring and poverty reduction projects between 2016 and 2020.
Both sides will work closely together to prepare for the sixth Greater Mekong Sub-region Summit in Vietnam in late 2017.-VNA
Executive Director of the World Economic Forum Philipp Rosler agreed with Prime Minister Nguyen Tan Dung’s proposal to communicate Vietnam’s image to the world at WEF forums during their meeting in Hanoi on July 22.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.