Investment News


ASEAN COMMUNITY: IMPORTANT MARKET

10/08/2021

Since officially joining ASEAN, Vietnam's foreign policy in ASEAN has become an important part of Vietnam's foreign policy in the new period. Party Assembly. Vietnam continues to "strengthen relations with neighboring countries and countries in ASEAN"..., "actively participates in activities to promote mutually beneficial cooperation in the Association of Southeast Asian Nations." (ASEAN)” and “promote comprehensive and effective cooperative relations with ASEAN countries.”

Over the past 26 years, Vietnam has actively worked with other member countries to implement important ASEAN cooperation agreements and plans, especially the building of the ASEAN Community.

The event that the ASEAN Community was officially formed at the end of 2015 had remarkable contributions from Vietnam, including initiatives and proposals such as the 2010 Hanoi Action Program. Vietnam is also one of the countries. take the lead in realizing the goals of the ASEAN Community.

Vietnam's mark in ASEAN is also reflected in its contributions to the expansion of ASEAN cooperation. It is an initiative to expand membership of the East Asia Summit (EAS) by promoting the admission of Russia and the United States; initiative to expand the mechanism of the ASEAN Defense Ministers Meeting Plus (ADMM+). These are very important mechanisms in connecting not only within ASEAN, but also between ASEAN and other countries, creating the position of ASEAN with its partners.

Vietnam's effective contribution is also evident through its successful assuming the role of ASEAN Chair with specific proposals and initiatives. Just three years after joining ASEAN, as the Association's President in 1998, Vietnam drafted the Hanoi Action Plan to promote the recovery from the Asian financial crisis, contributing to the collection of about development among member countries. In 2010, for the second time as ASEAN Chair, Vietnam fostered what diplomatic observers call a “culture of performance.”

Source: Collector