Vietnam makes important contributions to ASEAN economic co-operation: minister

Minister of Industry and Trade Tran Tuan Anh talks to Vietnam News Agency about ASEAN-Vietnam co-operation and the roles of Vietnam as ASEAN Chairman in 2020.

Vietnam makes important contributions to ASEAN economic co-operation: minister
Minister of Industry and Trade Tran Tuan Anh. — VNA/VNS Photo

How do you assess co-operation between ASEAN and Vietnam, especially in terms of economics, one of three pillars of the bilateral co-operation?

Vietnam became an ASEAN member in 1995 after the country had its embargo lifted and commenced its comprehensive and extensive reform.

Regarding global integration, Vietnam’s participation in border trade, ASEAN and ASEAN Free Trade Area (AFTA) in 1996 were the first steps to realise the resolution of the seventh Party Congress which looks towards external relation strategies on the basis of multilateralism, diversification and considers economic co-operation as an important foundation.

Vietnam’s development serves as a foundation for integration strategies of external relations and economy in later periods.

With the participation in ASEAN and AFTA as well as pledges Vietnam has committed as a bloc’s member, Vietnam is aware that it will become the centre of the dynamic economy and trade, not only of Asia but also of Asia-Pacific region and the world.

With important political location of Southeast Asian countries and ASEAN member states, Vietnam will surely bring into play its power and voice on the basis of agreement, solidarity and unity.
China, the US, Russia, Japan, Republic of Korea (RoK), Australia, New Zealand and the EU all have close relationships and very strong interactions with ASEAN countries.

During 24 years since Vietnam joined ASEAN and AFTA, Vietnam has grown up in terms of integration viewpoints and in realising integration commitments.

It’s like a diploma, an important foundation to help Vietnam reach new heights.

ASEAN has become one of Vietnam’s leading trading partners in the world in all aspects including economy, trade and investment.

In 1996, when Vietnam joined AFTA, the country's two-way trade turnover with other countries in the bloc was only some US$5.9 billion. In 2018, this number increased by more than 9.5 times and reached about $56.3 billion.

Vietnam has increasingly led its roles within ASEAN in various fields including politics, trade and foreign investment. Vietnam also affirms its position as a very active and proactive member with an increasingly complete integration strategy and viewpoint of opening its door.

Vietnam so far has signed 16 free trade agreements (FTAs), proving that its capacity and influence are being upheld.

As we know, ASEAN has signed FTAs with China, India, Australia, New Zealand and the RoK.

Vietnam's co-operation with ASEAN in all fields, which puts economy at the core, gives Vietnam a very important position in politics, external relations and economy.

In particular, Vietnam’s scale of imports and exports is two times larger than Gross Domestic Products (GDP), which clearly shows the country’s competitiveness in the international market with innovated and stable products.

The co-operation with ASEAN helps us draw experience, restructure national economy, renew our growth models along with building a state with rule of law and socialist-oriented market.

ASEAN Economic Community formed in December 2015 has demonstrated ASEAN shared vision and affirmed Vietnam's active contribution to the common platform.

ASEAN Economic Community and ASEAN Vision 2025 will be basic orientations and imply key meanings to ensure that ASEAN is the centre of Southeast Asia, East Asia, Asia-Pacific, helping Vietnam and ASEAN countries prosper and ensure regional peace, stability.

Could you elaborate the prioritised orientations of Vietnam and Ministry of Industry and Trade for ASEAN 2020?

Vietnam will become a non-permanent member of the UN Security Council next year. 2020 will be the last year of five-year tenure of the national Party Congress and mark the start of the 10-year socio-economic strategy. It will be such a meaningful year for Vietnam.

 

With the centralised and unified direction of the Government and the Prime Minister, Vietnam has reached consensus on ASEAN 2020 theme: Cohesive and Responsive.

These two elements truly reflect the needs of Vietnam and ASEAN member states in the context of regional and global rapid changes.

Over the past 24 years, ASEAN’s co-operation mechanisms have found shortcomings and need to be adjusted to ensure that ASEAN remains a regional and global dynamic economic zone and is a vital organisation, a driving force of progressive, cohesive and close growth.

Vietnam’s priorities in 2020 inherit orientations of ASEAN’s previous development period and also reflect regional and global development trends as well as demands of ASEAN with partners.

Vietnam will aim for new features that are changing rapidly and complicatedly, which requires quick response of ASEAN.

They are technology platforms like the Fourth Industrial Revolution, digital economy, innovation start-ups, e-commerce, value chains in the region, in industry or of specific commodity groups in ASEAN.

Rising trade protectionism and unilateral trade policy is posing risks and challenges to the multilateral system based on the laws of Vietnam, the European Union, WTO and FTAs.

This creates barriers for free trade among economies, especially developing countries like Vietnam and ASEAN.

Tensions among world economic powers affect not only trade liberalisation or trade protectionism, but also challenge the principles and survival of multilateral trade organisations like WTO.

In this rapidly changing and complicated context, as a chair of the bloc, Vietnam must act as a coordinator to uphold the responsive capacity.

Six FTAs ASEAN has signed with major partners have strong impacts on the global trade structure.

The Regional Comprehensive Economic Partnership (RCEP) that Vietnam and ASEAN countries are expected to sign with partners next year will bring about a new vista and a new structure of the region and the world.

A free trade area of which GDP accounts for nearly 40 per cent of the world’s will have very strong impacts on globalisation and free trade and prevent trade protectionism.

In these contexts, to reach the goals, Vietnam will select priorities which reflect ASEAN common vision, contribute to global trend and at the same time still stick to aims and purposes of ASEAN and FTA agreements.

Vietnam has made efforts to reach these targets.

Vietnam will propose 16 to 17 initiatives covering various fields for ASEAN Chairmanship 2020.

Vietnam ready to assume ASEAN chairmanship for 2020: diplomat

Vietnam ready to assume ASEAN chairmanship for 2020: diplomat

Vietnam is ready to take over the ASEAN Chairmanship for 2020 with the highest sense of responsibility, said Deputy Foreign Minister Nguyen Quoc Dung, reiterating Prime Minister Nguyen Xuan Phuc’s statement.

FTAs to help Vietnamese farm produce access new markets

FTAs to help Vietnamese farm produce access new markets

Participation in new generation FTAs opens new cooperation opportunities for businesses in Viet Nam’s agricultural sector, but challenges remain.

Free trade agreements help labourers' rights reform

Free trade agreements help labourers' rights reform

With the EU – Viet Nam Free Trade Agreement (EVFTA) signed late last month, Vietnam will have the opportunity to gain further access to the market of 28 European Union member countries as well as global markets.

VNS

 
 

Other News

.
NA takes innovative approaches to fulfill 2020 missions despite COVID-19 crisis
NA takes innovative approaches to fulfill 2020 missions despite COVID-19 crisis
POLITICSicon  31/12/2020 

Though 2020 is a challenging year for Vietnam with the rise of COVID-19, the 14th National Assembly (NA) has taken innovative approaches and managed to complete an enormous workload to fulfill all its three missions

Services on National Public Service Portal now number 2,700
Services on National Public Service Portal now number 2,700
POLITICSicon  31/12/2020 

The number of services provided via the National Public Service Portal has reached 2,700 after four new ones made debut on December 30, expected to help save 8 trillion VND (346.9 million USD) each year.

Vietnam contributes greatly to region as ASEAN Chair: Singapore-based expert
Vietnam contributes greatly to region as ASEAN Chair: Singapore-based expert
POLITICSicon  30/12/2020 

Vietnam has successfully fulfilled its role as Chair of ASEAN in 2020 and made significant contributions to the region, according to Hoang Thi Ha, an expert from the ISEAS - Yusof Ishak Institute of Singapore.

Vietnam among 10 nations with highest GDP growth in 2020: Top leader
Vietnam among 10 nations with highest GDP growth in 2020: Top leader
POLITICSicon  30/12/2020 

Vietnam is considered one of the 10 nations with the highest gross domestic product (GDP) growth in the world in 2020 and one of the 16 most successful emerging economies, Party General Secretary and State President Nguyen Phu Trong has said.

Vietnam does good job as UNSC non-permanent member
Vietnam does good job as UNSC non-permanent member
POLITICSicon  30/12/2020 

Vietnam has well performed its missions while serving as a non-permanent member of the United Nations Security Council (UNSC) in the first year of the 2020-2021 tenure, 

Practical measures needed to handle unlawful returns: Minister
Practical measures needed to handle unlawful returns: Minister
POLITICSicon  30/12/2020 

Minister of Public Security General To Lam suggested the Government apply measures to prevent people illegally returning to Vietnam given the complex development of the COVID-19 pandemic.

Government’s December meeting scrutinises policy, law making
Government’s December meeting scrutinises policy, law making
POLITICSicon  30/12/2020 

Prime Minister Nguyen Xuan Phuc chaired the Government’s regular meeting to discuss policy and law making on December 29 afternoon, right after the conference between the Government and localities wrapped up.

Vision to 2045: New expectations and requirements for VN leaders
Vision to 2045: New expectations and requirements for VN leaders
FEATUREicon  30/12/2020 

Senior leaders' recent statements and draft documents submitted to the 13th National Party Congress show that the Party's vision is to make Vietnam a "developed and high-income country" by 2045.

2020 –most successful year over past five years: PM
2020 –most successful year over past five years: PM
POLITICSicon  29/12/2020 

The year 2020 can be said to be the most successful year of Vietnam during 2016-2020, as the country is among the few in the world posting a positive growth rate amidst the COVID-19 pandemic, Prime Minister Nguyen Xuan Phuc has affirmed.

Government holds online conference with localities
Government holds online conference with localities
POLITICSicon  28/12/2020 

Prime Minister Nguyen Xuan Phuc chaired an online conference between the Government and localities on December 28 on the implementation of the 14th National Assembly’s resolution on socio-economic development tasks in 2021.

PM delivers message on International Day of Epidemic Preparedness
PM delivers message on International Day of Epidemic Preparedness
POLITICSicon  28/12/2020 

The United Nations General Assembly approved Vietnam’s initiative with a resolution proclaiming December 27 as the International Day of Epidemic Preparedness. Prime Minister Nguyen Xuan Phuc delivered a message on the Day (December 27,2020).

Diplomatic efforts affirm Vietnam’s position in international arena amid COVID-19
Diplomatic efforts affirm Vietnam’s position in international arena amid COVID-19
FEATUREicon  26/12/2020 

The diplomatic sector has continued to affirm Vietnam’s position in the international arena amid the global impact of the COVID-19 pandemic, Deputy Prime Minister and Foreign Minister Pham Binh Minh has said.

Vietnam vows to fight against corruption and embezzlement
Vietnam vows to fight against corruption and embezzlement
POLITICSicon  28/12/2020 

Vu Quoc Hung, former deputy director-general of the Party Inspection Commission talks to the Government news site chinhphu.vn on the Party's resolve to push back corruption to win society's confidence in the bright future of the Vietnamese nation.

Deputy Minister of Defense reviews VN’s defense strategy in the new situation
Deputy Minister of Defense reviews VN’s defense strategy in the new situation
FEATUREicon  25/12/2020 

Deputy Minister of Defense, Senior Lieutenant General Nguyen Chi Vinh reviews Vietnam’s military and defense hallmarks in 2020.

Vietnam succeeding in connecting ASEAN with UNSC: French diplomat
Vietnam succeeding in connecting ASEAN with UNSC: French diplomat
POLITICSicon  26/12/2020 

Vietnam has been very successful in connecting ASEAN with the UN Security Council (UNSC), Ambassador Nathalie Estival-Broadhurst, Deputy Permanent Representative of France to the UN, said.

Vietnam excellent as ASEAN Chair despite pandemic: Japanese expert
Vietnam excellent as ASEAN Chair despite pandemic: Japanese expert
POLITICSicon  25/12/2020 

Vietnam successfully accomplished its role as ASEAN Chair 2020 in the context of COVID-19’s impact being beyond imagination, the Director of the Vietnam Economic Research Institute (VERI), Hiroyuki Moribe, has said.

Vietnam visits by foreign leaders in 2020 amid COVID-19
Vietnam visits by foreign leaders in 2020 amid COVID-19
POLITICSicon  26/12/2020 

Visits to the nation by leaders of Laos, the Republic of Korea and Japan in 2020 have demonstrated a safe Vietnam in effective response to the COVID-19 pandemic.

Vietnam puts focus on national defence and security
Vietnam puts focus on national defence and security
POLITICSicon  26/12/2020 

Major Le Van Cuong, former director of the Strategic Studies Institute under the Ministry of Public Security, talks to the Vietnam Government Portal about the importance of Vietnam having strong national defence and security.

Vietnamese, Chinese coast guards conduct joint patrol in Tonkin Gulf
Vietnamese, Chinese coast guards conduct joint patrol in Tonkin Gulf
POLITICSicon  24/12/2020 

Vietnamese and Chinese coast guards on December 22-23 successfully conducted a joint patrol in the Gulf of Tonkin, contributing to building the waters of peace, stability and mutual beneficial cooperation.

PM approves five deputy mayors of Hanoi
PM approves five deputy mayors of Hanoi
POLITICSicon  24/12/2020 

With the new election, Hanoi People’s Committee has one chairman and six deputy chairpersons for the 2021-26 term.

 
 
 
Leave your comment on an article

OR QUICK LOGIN