It is forecasted that the size of the ASEAN economy will rank fourth in the world by 2030. At that time, the size of the ASEAN digital economy will reach about 2,000 billion USD.
On the afternoon of October 17, in Hanoi, the Ministry of Information and Communications held a conference to provide information on the situation and orientation of ASEAN cooperation. The conference aimed to provide information and orientation and enrich the content of propaganda in newspapers, enhance people's understanding of ASEAN cooperation, Vietnam's participation, contribution and integration, and the orientation of ASEAN cooperation in the next period.
According to Mr. Trieu Minh Long, Director of the Department of International Cooperation, Ministry of Information and Communications, ASEAN is playing an increasingly important role in regional and global cooperation mechanisms, playing a central role in handling and solving many world problems.
Vietnam is an active member of ASEAN and is proactively implementing many cooperation programs and initiatives to enhance the role and position of ASEAN in general and the role of Vietnam in particular, in contributing to the prosperous development of the region and the world.
“A week ago, the ASEAN summit was successfully held in the Lao People’s Democratic Republic. After this conference, ASEAN is increasingly asserting its position as the center and comprehensive cooperation mechanisms in the region,” said Mr. Trieu Minh Long.
Mr. Tran Duc Binh, Director of the ASEAN Department, Ministry of Foreign Affairs, said that the world and the region are undergoing complex changes, with fierce competition between major countries, increasing tensions at hotspots, and the world economy recovering but facing many risks.
After 8 years of implementing the ASEAN Community building plan; in 2023, ASEAN's GDP increased by 51%, the economic scale reached 3,800 billion USD, ranking 5th in the world with an overall growth rate of 4.2%. FDI capital in ASEAN in 2023 ranked 2nd globally (after the US). It is forecasted that the ASEAN economy will rank 4th in the world by 2030. At that time, the scale of ASEAN's digital economy will reach about 2,000 billion USD.
According to Mr. Tran Duc Binh, in the ASEAN cooperation mechanism, there are 3 basic pillars: political-security pillar, economic pillar and socio-cultural pillar. The building of the ASEAN community is being implemented evenly on these 3 pillars. The vision of the ASEAN Community in 2045 is "Resilient, dynamic, creative and people-centered".
In the general context, ASEAN's role is very important. The partners all affirmed that ASEAN is a priority in regional policy, supporting ASEAN's central role, working with ASEAN to implement comprehensive cooperation, promoting economic, trade and investment connectivity, science and technology, innovation, digital transformation, green transformation, and developing high-quality human resources, etc.
According to Ms. Nguyen Viet Chi, Deputy Director of the Multilateral Trade Policy Department, Ministry of Industry and Trade, after 29 years of Vietnam's accession, ASEAN has become one of the important multilateral forums. In the context of the global economy facing many challenges, the ASEAN regional economy still shows many positive signs.
The ASEAN region’s GDP grew by more than 4% last year and is expected to grow by 4.6% this year. In terms of trade, China is ASEAN’s largest trading partner, followed by the US and the EU. Total FDI inflows into ASEAN in 2023 will reach US$229 billion, with the US being the largest investor. Countries in the region have completed 9 out of 14 priority economic initiatives during Laos’ ASEAN Chairmanship year.
ASEAN is currently implementing its commitments to international integration, deepening economic integration and further cooperation in intra-bloc trade activities, connecting with external partners to respond to and resolve challenges, and strengthening the regional supply chain. Digital transformation is considered by ASEAN countries as a key growth driver in the coming period.
TRAN BINH
Source: https://www.sggp.org.vn/quy-mo-nen-kinh-te-so-asean-se-dat-khoang-la-2000-ty-usd-vao-nam-2030-post764108.html
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