The Vietnam-Indonesia strategic partnership is seeing constant and extensive development across a variety of fields, with economic co-operation being a bright spot, Prime Minister Pham Minh Chinh said during a meeting held on April 23 with visiting Indonesian Foreign Minister Retno Marsudi within the framework of the ASEAN Future Forum 2024.
Indonesia is keen on expanding trade cooperation with Cambodia to agricultural products other than rice. Rice has already helped Indonesia to become the number six trading partner for Cambodia. Digital and green energy are the two new areas in which Indonesia is keen to cooperate with Cambodia, said Indonesian Ambassador to Cambodia Santo Darmosumarto at a public lecture at the Pannasastra University on Tuesday.
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan is optimistic that despite risks, the growth of the Philippines will continue to be one of the fastest in the region this year.
India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has more than doubled since the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010.
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
The Philippines may be moving in the right direction toward greening its economy, but it is still stuck in the middle of the rankings among neighbors in the region.
The ASEAN Future Forum 2024 (AFF 2024), which will take place in Hanoi on April 23, is expected to create a platform for stakeholders to contribute ideas and initiatives on the Association of Southeast Asian Nations (ASEAN)’s future vision.
Early trends suggest that, in the period post Regional Comprehensive Economic Partnership (RCEP), China has demonstrated superior gains when compared to other participating nations. Studies suggest that India's decision to abstain from RCEP stemmed primarily from a commitment to shield its manufacturing sector. A comprehensive understanding of this situation necessitates an exploration of the challenges faced by Indian manufacturing, not only from China but also from the Association of Southeast Asian Nations (ASEAN) through the Free Trade Agreement (FTA) route.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
