On November 9th, Ho Chi Minh National Academy of Politics (HCMA) organized the scientific conference “Integration into ASEAN Economic Community: Opportunities, Challenges and Solutions for Vietnam”. Assoc. Prof, Dr Le Quoc Ly, Vice President of HCMA chaired the conference.
In his opening remark at the conference, Assoc. Prof, Dr Le Quoc Ly affirmed that to achieve rapid and sustainable economic development, all the countries including Vietnam need to actively integrate into the regional and global economy. Therefore, the establishment and participation in ASEAN Economic Community (AEC) become important for Vietnam in terms of its economy, politics, society, national security and defense. It not only opens up various opportunities but also presents numerous challenges. For a fruitful integration into AEC, the country needs to clearly identify both opportunities and challenges so as to come up with solutions. They will be the foundation to propose and adopt policies to successfully integrate into the region and the world, promote the chance and reduce the ordeal. In that matter, the conference will be the forum for scientists, researchers, policy makers and business community to exchange ideas.
The scientific conference “Integration into AEC: Opportunities, Challenges and Solutions for Vietnam”
More than 30 presentations and opinions presented at the conference focused on the five key points: opportunities and challenges for Vietnamese enterprises when Vietnam joins AEC, opportunities and challenges of the markets when Vietnam joins AEC, the competiveness of Vietnamese enterprises and Vietnamese economy in AEC and global market, solutions to promote national competiveness in AEC, solutions for Vietnam to take full advantages of opportunities and overcome the challenges when performing AEC Commitments.
AEC was officially created on 31 December 2015 with Kuala Lumpur Declaration at the 27th ASEAN Summit. It’s one of the three major pillars of the ASEAN Community, including 10 countries with a combined population of 652 million and Gross Domestic Product (GDP) of US$2.4 trillion. The vision of the AEC is to build a highly integrated and cohesive regional economy that supports sustained high economic growth by increasing trade, investment, and job creation; improving regional capacity to respond to global challenges and mega trends; advancing a single market agenda through enhanced commitments in trade in goods, and through an effective resolution of non-tariff barriers; deeper integration in trade in services; and a more seamless movement of investment, skilled labor, business persons, and capital.
The Conference concluded the same day./.
Written by Hai Van
Translator: Hoai Linh/ Proofreader: Vu Thanh Van