In 2015, the ASEAN Economic Community (AEC) was officially fully established. In some ways similar to the economic unity of the EU, the broad aims of the AEC are to develop (1) a single market and production base, (2) a region of more equitable economic development, and (3) a globally integrated economic region. To achieve these, trade barriers will be removed or reduced and standards across a number of sectors (i.e. cosmetics, pharmaceuticals, agricultural products, and medical devices) will be harmonized.
Vietnamese businesses are aware of the regional ASEAN Economic Community (AEC) single-market initiative, but few understand its commitments, according to a survey.
The ASEAN Economic Community (AEC) portal was launched at a workshop in Hanoi on December 28, serving as an essential tool for businesses to improve their knowledge about the AEC and optimise its opportunities.
VOV.VN - Vietnam-Russia commercial trade remains relatively insignificant, said Hoang Quang Phong, vice chair of the Vietnam Chamber of Commerce and Industry at a recent business forum in Hanoi.
The country needs to boost labor productivity to maintain its rapid economic growth.
PSNews - An ASEAN cooperation inter-sector meeting was held by the Ministry of Foreign Affairs on December 14th to evaluate the ASEAN cooperation and the collaboration between ministries and units in 2016, and to draft directions on ASEAN cooperation in the coming time.
Viet Nam is exerting efforts to improve the business climate and welcomes all ASEAN and international enterprises which have chosen the country as a trusted and attractive investment destination.
Author: Nguyen Cam Tu Deputy Minister of Industry and Trade
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
