return icon Vietnamnet.vn

ASEAN ministers to fight COVID-19 together

ASEAN economic ministers yesterday completed the second working day of the ASEAN Economic Ministers Caucus Meeting on the Regional Comprehensive Economic Partnership (RCEP) 

 

{keywords}

ASEAN ministers join the 26th ASEAN Economic Ministers (AEM) Retreat in Đà Nẵng city. A joint-statement was made at the meeting in response to the outbreak of COVID-19.

 

and the 26th ASEAN Economic Ministers (AEM) Retreat by released a joint statement in response to the outbreak of COVID-19.

The Ministers, who gathered in series working sessions in Đà Nẵng on March 8-11, all agreed to work together to deal with the novel coronavirus.

The statement expressed deep concern about the disease and conveyed ministers’ sympathies to countries affected worldwide.

The statement also emphasised the importance of ASEAN solidarity when facing such an outbreak and acknowledged ongoing efforts by the individual states, sectoral bodies as well as other economies in controlling the spread and impact of the virus.

ASEAN ministers also commended the significant contribution of health and non-health personnel helping those affected by COVID-19.

They also recognised the adverse impacts of the COVID-19 outbreak on the economy, particularly travel and tourism, manufacturing, retail and other services sectors as well as the disruption of supply chains and financial markets.

The statement emphasised the urgent need for concerted efforts to avoid further adverse impacts on the global economy.

It noted the Chairman’s Press Statement on COVID-19 released by the ASEAN Coordinating Council (ACC) in Vientiane, Laos on February 20, which reaffirmed the region’s commitment to maintaining ASEAN’s open economic and integration policies and fostering regional resilience, while standing ready to work with external partners and the international community to fight COVID-19.

Ministers of the 10 ASEAN member countries agreed that restrictions on cross-border movements should be based on public health considerations, and should not unnecessarily restrict regional trade.

They also agreed to take a collective course of action to mitigate the economic impact of COVID-19.

Ministers said they will keep the ASEAN market open for trade and investment, strengthen regional information sharing and collaboration in responding to the economic challenges brought about by the outbreak, and work with industry stakeholders to instil confidence in Southeast Asia as a trade, investment and tourism hub.

The statement floated using technologies and digital trade to allow businesses, especially micro, small and medium enterprises (MSMEs) to continue operations amidst the COVID-19 outbreak.

It will help boost the implementation of the Master Plan on ASEAN Connectivity (MPAC) 2025 and enhance ASEAN economic co-operation with external and development partners to include initiatives aimed at strengthening regional supply chains to make them more resilient and less vulnerable to internal and external shocks.

They agreed to build on existing trade facilitating platforms such as the ASEAN Single Window (ASW), to promote and support supply chain connectivity; refrain from actions that can create unnecessary inflationary pressures or adversely impact food security in the region, and endeavour to ensure the availability of basic goods and commodities; and continue addressing non-tariff barriers, particularly those that impede the smooth flow of goods and services in supply chains, and refrain from imposing new and unnecessary non-tariff measures.

Yesterday, 12 priorities proposed by Việt Nam were approved by other member countries with a focus on regional economic integration and connectivity, strengthening partnerships for peace and sustainable development, and enhancing the capacity and operational efficiency of ASEAN. — VNS

ASEAN countries agree to conclude RCEP negotiations

ASEAN countries agree to conclude RCEP negotiations

ASEAN countries have agreed to try and persuade India to return to the negotiating table for the 16-nation Regional Comprehensive Economic Partnership (RCEP) trade deal.

Vietnam looks to build ASEAN community by 2025

Vietnam looks to build ASEAN community by 2025

Vietnam is strongly committed to completing the role of ASEAN Chair in 2020, promoting the ASEAN community and foreign affairs as well as improving the working way of ASEAN.

MORE NEWS

Credit package for social housing not as productive as hoped

Few have benefited from the VND15 trillion credit package for social housing as there is a limited supply of low-cost homes.

VIETNAM BUSINESS NEWS AUGUST 17

More effective tax collection of e-commerce necessary

VIETNAM NEWS HEADLINES AUGUST 17

Cultural industry to contribute 10% of Hanoi’s GRDP by 2045

Authority warns of scam South Korea labour export programmes

The Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs have warned about scams targeting people who want to work in technical occupations in South Korea.

Textile firms call for favourable policies amid pessimistic prospects

With a pessimistic outlook for the second half of 2022, textile firms are calling for favourable governmental policies to turn their situation around.

Enterprises ignoring waste management to face penalty

Enterprises that are required to manage their waste and have yet to fulfill their payment obligations will be inspected, with a possible fine of up to VND2 billion for violations.

Favorable conditions pledged for Qatar’s funds, enterprises

Competent Vietnamese agencies are willing to create favorable conditions for Qatar’s investment funds and enterprises to seek investment opportunities in the country.

Woman posing for Tiktok video at Phu Quoc airport banned from flying for six months

The head of the Civil Aviation Authority of Vietnam Dinh Viet Thang has decided to issue a flight ban on a woman posing for a TikTok video at the Phu Quoc Airport tarmac for six months.

“1,000 public employees quitting jobs each month is inaccurate data”: HCM City

The Ho Chi Minh City Department of Home Affairs says the information that 6,177 public employees quit their jobs in the first half of 2022 is incorrect. These are actually statistics from January 1, 2020 to June 30, 2022.

Gov't sets up six working groups to inspect disbursement of public investment capital

Prime Minister Pham Minh Chinh has tasked six working groups to inspect disbursement of public investment capital in 41 ministries, state agencies and 18 localities where disbursement is below the national average rate of 34.47 percent as of July 31.

Vietnam to mobilise $360 billion for sustainable development targets

Vietnam needs to mobilise $360 billion for implementing its green and sustainable development targets by 2030.

Vietnam to make Apple Watch, MacBook for first time

Apple is in talks to make Apple Watches and MacBooks in Vietnam for the first time as the US tech giant looks to diversify production away from China, Nikkei Asia reported.

Japanese firm buys 35.1% stake at Vietnam’s power company

JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1% stake at Vietnam’s Gia Lai Electricity JSC (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts.

Goalkeeper Dang Van Lam officially signs contract with Binh Dinh

Goalkeeper Dang Van Lam has signed a three-year contract with Binh Dinh FC and is expected to play his first match for his new team in the V.League 1 this weekend.

Vietnam faces shortage of Protamine sulfate

The Drug Administration of Vietnam (DAV) has sent a letter to provincial and municipal departments of health, hospitals and drug importers, asking them to supply information on stocks of Protamine sulfate.
back_to_top