PM hosts Vietnam-ASEAN Economic Cooperation Development Association delegation

Representatives from the Vietnam-ASEAN Economic Cooperation Development Association (VASEAN) have asked for stronger support from the Government and Prime Minister Nguyen Xuan Phuc for the business community to overcome difficulties brought about by COVID-19 pandemic and recover and expand production, during a meeting with the PM in Hanoi on March 18.
PM hosts Vietnam-ASEAN Economic Cooperation Development Association delegation hinh anh 1Prime Minister Nguyen Xuan Phuc (standing) addresses the meeting (Photo: VNA)
Hanoi (VNA) – Representatives from the Vietnam-ASEAN Economic Cooperation Development Association (VASEAN) have asked for stronger support from the Government and Prime Minister Nguyen Xuan Phuc for the business community to overcome difficulties brought about by COVID-19 pandemic and recover and expand production, during a meeting with the PM in Hanoi on March 18.

They lauded the Government’s efforts in controlling COVID-19, which has helped maintain production and business activities, while showing hope for more favourable conditions in terms of mechanism and policies related to land use and credit, as well as smoother business and investment environment.

Formed in 2008 under the initial name of Vietnam-Laos-Cambodia Economic Cooperation Development Association, the VASEAN groups Vietnamese businesses, scientists, individuals and organisations operating in areas related to economic, investment, trade and tourism cooperation between Vietnam and ASEAN member countries as well as other partners including Japan, China, the RoK and India.

Over the years, the association has helped its members explore ASEAN market, while contributing opinions to the State’s policy-making.

Speaking at the meeting, PM Phuc said that Vietnam has managed to overcome difficulties in all fields, especially those brought by COVID-19 pandemic and natural disasters, thus successfully implementing the twin target, posting high growth and integrating deeply into the world.

He noted that Vietnam has signed the Regional Comprehensive Economic Partnership (RCEP), opening up a massive space for cooperation. Meanwhile, the country has ensured stable macroeconomic situation and the people’s living conditions, he said, adding that the country’s higher position, stable socio-economic situation and people’s solidarity are good conditions for businesses.

Lauding the achievements of the business community, he underscored that the Party and State have given optimal conditions for people and enterprises to develop, while protecting their legitimate rights. 

The PM stressed the significance of promoting ties with ASEAN countries, especially in economy, asserting that this greatly depends on the dynamism of businesses. Last year, Vietnam successfully hosted the ASEAN Summit, he said, adding that cooperation chances with the association remain abundant.

He suggested that Vietnamese businesses carefully explore these markets to design sustainable business strategy.       
He affirmed that the Government will work to further improve the investment environment, and asked the business community to contribute recommendations on relevant mechanism and policies.   

The PM also showed his hope that VASEAN members will help connect Vietnam and partners in ASEAN region and the rest of the world./.        

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