The Ministry of Industry and Trade and the Vietnam Chamber of Commerce and Industry jointly held a workshop in Hanoi on May 23 to inform enterprises on the Regional Comprehensive Economic Partnership (RCEP).
Vietnam underlined its attractiveness as a destination for private equity investment with a 285 percent jump year-on-year to $1.6 billion last year.
Southeast Asia, and particularly Thailand, cannot expect to see a wide-scale divergence of supply chains coming its way unless there are improvements in production technology and capacity, and regional integration, according to HSBC Thailand.
The trade war between China and the United States has led to an increased US import tax of 25 percent which affects global trade and Thai exports to the US. The Ministry of Commerce has devised a solution to the problem by seeking enhanced cooperation between ASEAN and China.
Senior officials of the Association of Southeast Asian Nations (ASEAN) and China held a consultation in Hangzhou, China’s Zhejiang province, on May 19 to review cooperation, discuss measures to promote partnership, and prepare for the ASEAN-China post ministerial conference this August.
In the aftermath of Trump's dramatic escalation of the dispute between China and the United States, with the president increasing tariffs on imports on Beijing and moving to blacklist Huawei, the foreign minister of Singapore, Vivian Balakrishnan, urged Washington to exercise restraint in its approach and permit China to "assume its rightful place as it develops."
A discussion over the global economic outlook usually revolves around the likes of the US, Europe, Japan, China and India. But another economic powerhouse has emerged.
The government will set up a Korea-ASEAN finance support center either in Bangkok, Thailand, or Jakarta, Indonesia, next year, said Joo Hyung-chul, President Moon Jae-in's economic adviser.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
