Conference talks ASEAN Economic Community
The National Assembly’s Committee for External Relations held a conference in Hanoi on June 16 to inspect the establishment of ASEAN Economic Community (AEC), one of the three pillars of the ASEAN Community that will be formed at the end of this year.
The event was prepared for a hearing on the process of building the ASEAN Community, which is scheduled to be organised on August 18.
Speaking at the conference, Deputy Minister of Industry and Trade Nguyen Cam Tu briefed participants on the nature of AEC, saying that the community is a framework for deeper economic integration among ASEAN member nations, formed as the result of integration initiatives for 12 priority fields within ASEAN.
The 12 fields comprise 7 commodities, including farm products, aquatic products, electronics, wooden products, rubber, automobile, and textiles and garment, and 5 services tourism, health care, aviation transport, information technology and logistics.
The Deputy Minister stressed that the founding of the AEC aims to turn ASEAN into a common production base and market with free circulation of goods, services, investment, skilled labourer, and capital flow; while promoting balanced development among the group’s member states, improving competitiveness of the regional economy, and boosting the regional economic integration into the global economy.
At the event, representatives from the NA’s Committees for External Relations, Economy, and Finance-Budget reported the building and implementation of legal documents related to Vietnam’s integration process and legal harmonization within ASEAN.
Delegates also underlined the need for Vietnam to step up communication efforts to boost public awareness and social consensus on the ASEAN Community, and speed up administrative reform, especially in trade.
Speaking at the conference, Deputy Minister of Industry and Trade Nguyen Cam Tu briefed participants on the nature of AEC, saying that the community is a framework for deeper economic integration among ASEAN member nations, formed as the result of integration initiatives for 12 priority fields within ASEAN.
Deputy Minister of Industry and Trade Nguyen Cam Tu
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The Deputy Minister stressed that the founding of the AEC aims to turn ASEAN into a common production base and market with free circulation of goods, services, investment, skilled labourer, and capital flow; while promoting balanced development among the group’s member states, improving competitiveness of the regional economy, and boosting the regional economic integration into the global economy.
At the event, representatives from the NA’s Committees for External Relations, Economy, and Finance-Budget reported the building and implementation of legal documents related to Vietnam’s integration process and legal harmonization within ASEAN.
Delegates also underlined the need for Vietnam to step up communication efforts to boost public awareness and social consensus on the ASEAN Community, and speed up administrative reform, especially in trade.
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