ASEAN, the foundation of Việt Nam’s international economic integration

VIETNAM, August 5 – HÀ NỘI — Joining the Association of Southeast Asian Nations (ASEAN) was the first step for Việt Nam in the process of international integration, and the bloc has served gateway for the country’s integration into the region and the world,” said Phạm Quỳnh Mai, deputy director of the Department of Multilateral Trade Policy at the Ministry of Industry and Trade.

She made the remark during a press interview on Thursday on the sidelines of a communications conference on the occasion of the 55th anniversary of the founding of ASEAN (August 8, 1967 – 2022).

Việt Nam became an official member of ASEAN on July 28, 1995, a turning point that marked the end of a period full of difficulties, helping the country to escape sanctions, and opening a period of integration for common development. in Southeast Asia.

Since joining ASEAN, Việt Nam has played a proactive role in the joint activities of the association, including economic cooperation.

Promoting the establishment of the ASEAN Economic Community (AEC) has always been one of the main priorities of the country’s international economic integration process. Together with other Member States, Việt Nam has worked hard to carry out commitments and initiatives to implement the AEC Building Master Plan. As a result, the AEC came into existence on Dec. 31, 2015, with the aim of transforming ASEAN into a single market and production base, Mai said.

She went on to say that Việt Nam has also joined other ASEAN members in promoting extensive economic ties with partners such as China, Japan, the Republic of Korea, India, the Australia, New Zealand, USA, EU, Canada and UK. , as well as the signing and application of the bloc’s free trade agreements with some of these partners. This has helped strengthen trade and economic partnerships between ASEAN, including Việt Nam, with partners.

As ASEAN Chair in 2020, the country and other members have put the “cohesive and responsive” spirit into play through hundreds of virtual meetings and numerous initiatives to create the conditions for the consolidation of regional supply chains and tackling the impact of the COVID-19 pandemic on economies.

In addition, as Chair of the Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting, Việt Nam also coordinated with ASEAN members and partner countries to promote consensus in addressing issues during the process. RCEP negotiations, finalize the talks and sign the agreement on 15 November. 2020.

This is the result of great efforts during the 2020 year of Vietnam’s ASEAN Chairmanship and has received high appraisal from partners, helping to enhance the country’s reputation in the region and the world, according to Mr. May.

After 27 years of ASEAN membership, Vietnam’s economy has made breakthroughs in all aspects, with GDP per capita growing more than 13 times, economy growing 17 times to reach $362.6 billion in 2021 , compared to 20.7 billion dollars in 1995, and export turnover increasing to 336.3 billion dollars in 2021 compared to 5.2 billion dollars in 1995.

The official added that economic integration in ASEAN has created a solid springboard for Việt Nam’s international economic integration, practically contributing to generating breakthroughs in economic development in recent years, increasing exports, expand partnership opportunities for businesses, improve people’s quality of life, create more jobs and increase people’s access to diverse, quality goods at reasonable prices from around the world.

As such, the implementation of cooperation commitments within the ACS has brought practical benefits to Việt Nam, its businesses and people, as well as to ASEAN as a whole, it said. she noted. —VNS

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