China asean economic cooperation

A screenshot of a virtual press conference on the Indonesia- Latin America and Caribbean Business Forum (INA-LAC Business Forum) on September 20, 2021. (Photo: ANTARA) Jakarta (VNA) - Indonesia will continue to promote economic cooperation with Latin America and the Caribbean through the Indonesia-Latin America and Caribbean Business Forum (INA-LAC Business Forum) slated for October 14-15, according to an official of the Indonesian Foreign Ministry. "As a country with the biggest economy in Southeast Asia, Indonesia has the potential to take advantage of the Latin American and Caribbean economies," director general of America and Europe at the Ministry of Foreign Affairs, I Gede Ngurah Swajaya, said at a virtual press conference on September 20. He said the potential of the Latin America region, whose gross domestic product (GDP) has reached 4.8 trillion USD, and Indonesia, whose GDP has been recorded at more than 1 trillion USD, should be optimised through … [Read more...] about Indonesia to promote economic cooperation with Latin America

Kuala Lumpur (VNA) – The Malaysia External Trade Development Corporation ( MATRADE ) estimated the sales of Malaysian-made products and services at the 18th China-ASEAN Expo ( CAEXPO ) to reel in 572 million RM (143 million USD). The fair saw the participation of 58 Malaysian companies, offering food, beverage, and healthcare products. A total of 2,574 business enquiries and more than 150 business meetings were arranged between Malaysian exhibitors with Chinese importers, distributors and wholesalers. China has been Malaysia's largest trading partner for the 12th consecutive year since 2009, with bilateral trade between the sides accounting for 18.6 percent of Malaysia's total trade in 2020. Between January and July this year, the bilateral trade grew by 29.8 percent from the same period last year to 233.4 billion RM./. VNA … [Read more...] about Malaysia – China trade thrives at regional expo

An MRC press release said Tuesday that a major joint study undertaken by all the six Mekong riparian countries will examine changes in hydrological conditions found in the Mekong River Basin. The study was approved at a virtual meeting of the Mekong River Commission (MRC) and its Dialogue Partners. The annual 25th Dialogue Partners meeting on September 17 was attended by MRC members Cambodia, Laos, Thailand and Vietnam as well as representatives from China and Myanmar. The joint study's approval followed an earlier green light by the MRC Joint Committee and Joint Working Group of Lancang-Mekong Cooperation (LMC) Water Center on Lancang-Mekong Water Resources Cooperation. Phonepaseuth Phouliphanh, Acting Chairperson of the MRC Joint Committee for 2021, said the need for the joint study was underscored by the Mekong River Basin’s increasing propensity for floods and droughts, which have been attributed to adverse changes in climate and water infrastructure. He said the study … [Read more...] about China joins study of Mekong River hydrological changes

Senior Minister and International Trade and Development Minister of Malaysia Datuk Seri Mohamed Azmin Ali (Photo: malaymail.com) Kuala Lumpur (VNA) - Malaysia has given its commitment to complete the Regional Comprehensive Economic Partnership (RCEP) ratification process by mid-December this year. Senior Minister and International Trade and Development Minister Datuk Seri Mohamed Azmin Ali said the ratification process is pursuant to the agreement signed by 15 countries, comprising 10 ASEAN member states and five free trade agreement (FTA) partners, at the Fourth RCEP Summit on November 15 last year. He said based on the provisions of the RCEP Agreement, it will come into force 60 days after at least six ASEAN member states and three ASEAN FTA partners submitted the instruments of ratification to the ASEAN Secretariat. "To date, countries that have ratified the agreement include Singapore, China and Japan. Myanmar has sent the instrument of ratification to the ASEAN … [Read more...] about Malaysia committed to ratifying RCEP by December

Vietnam remains steadfast on pursuing bilateral economic relations with the US towards harmonization and sustainability, according to the Ministry of Foreign Affairs. Any possible US probe into plywood imports from Vietnam should be fair, according to Le Thi Thu Hang, spokesperson of the Vietnamese Ministry of Foreign Affairs (MoFA). US probe into Vietnam plywood imports should be fair. “Such an investigation should take into account international and World Trade Organization (WTO) practices, as well as the sound economic – trade relations between Vietnam and the US,” Hang said at a press conference on June 11, adding it needs to ensure rightful benefits of law-compliant enterprises and customers from the two countries. Hang noted bilateral trade turnover in 2019 hit nearly US$76 billion, up 26.2% year-on-year. Vietnam remains steadfast on enhancing bilateral trade – economic – investment relations with the US towards building harmonious, sustainable and … [Read more...] about US probe into Vietnam plywood imports should be fair: Spokesperson

Post-pandemic cooperation prospect of Vietnam, Hong Kong The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20. Speaking to Vietnam News Agency's correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of the Golden Resources Development International Ltd., said a number of Hong Kong manufacturers have recently expanded production out of Hong Kong and to ASEAN, including Vietnam, for different reasons. About the potential of cooperation between Vietnamese and Hong Kong firms, Lam said Hong Kong is focusing resources on health care and pharmaceuticals so its businesses could consider investment in those fields in Vietnam. He stressed that Vietnam boasts a young, hardworking, … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 20