The rise of Vietnam has been highlighted in a recent survey of the Australian Chamber of Commerce (AustCham), as Vietnam is now considered the most favourable place to expand business, surpassing the Philippines and Myanmar in recent years as well as Australia’s long-term business partners namely Malaysia and Singapore.
Foreign investors are starting to put their money back into Indonesian assets as countries around the world begin to ease their COVID-19 restrictions, spurring hopes of a global economic recovery.
The Malaysian government will introduce several incentives to stimulate the property market and the automobile sector.
Malaysia’s fiscal deficit will nearly double to around 6 percent of the gross domestic product (GDP) this year because of the government’s recent efforts to revive the economy, according to Finance Minister Zafrul Abdul Aziz.
Economic ministers from ASEAN member nations convened an online meeting on June 4 to implement instructions from ASEAN leaders made at the Special ASEAN Summit on COVID-19 on April 14.
Vietnam, performing its roles as the ASEAN Chair in 2020 and a non-permanent member of the UN Security Council, will continue boosting cooperation in sustainable development for the goal of building a cohesive and responsive ASEAN, towards the realisation of the ASEAN Community Vision 2025, a Government official has affirmed.
Minister of Industry and Trade Tran Tuan Anh informed the press on the outcomes of two special virtual meetings of ASEAN on responding to the COVID-19 pandemic that Vietnam hosted on June 4, as Chair of the ASEAN in 2020.
Economic ministers from ASEAN member nations and the three partners of China, Japan, and the Republic of Korea (known as ASEAN+3) adopted a joint statement on June 4 on mitigating the economic impact of COVID-19.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
