The previous 25 years have witnessed Vietnam and ASEAN simultaneously being both "rivals" and "partners", in terms of being competitors when trying to attract investment, but also working together to achieve joint goals
Australian Minister for Trade, Tourism, and Investment Simon Birmingham called on Australia’s business community to explore more opportunities in the ten ASEAN member states during a webinar held over the weekend.
Trade between Cambodia and Thailand hit 82.02 billion THB (2.6 billion USD) in the first half of this year, up 2.27 percent year on year, the Phnom Penh Post reported.
Cambodia’s tourism sector served over 1.4 million domestic tourists during the five-day holiday last week, which were offered in compensation for the Khmer New Year holiday postponed in April, reported the Cambodian Ministry of Tourism.
An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on Laos' debt servicing capacity amid the COVID-19 crisis, the Vientiane Times reported on August 21.
Ministers from Asia-Pacific countries negotiating a sprawling free trade agreement will virtually meet this week with the aim of reaching a deal by year-end, while maintaining hope that India will return to the talks, the Japanese government said Tuesday.
Economic ministers of the 10 members of the Association of Southeast Asian Nations (ASEAN) on Tuesday discussed the response to and recovery from the COVID-19 epidemic and its impacts.
In the foreseeable future, Thailand will be shying away from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The country lacks necessary preparedness and consensus for the high-end free-trade arrangement. It still needs to modernise the tax system and enact new legislature to catch up with global trading rules. In addition, without any reconciliation of existing polarised views between the governmental agencies, private sector and civil society organisations, any attempt to enter the CPTPP's negotiation process now would be futile. It could also drive a further wedge into society, especially at this juncture.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
