With the success of the ASEAN Chairmanship Year 2020, Vietnam is not only an active ASEAN member but also a strong, trustworthy and special mainstay, especially at a time when ASEAN has to face challenges like COVID-19 pandemic at present, said Prime Minister Nguyen Xuan Phuc.

The Regional Comprehensive Economic Partnership (RCEP) is expected to boost regional and global supply chains and the economy of ASEAN members and partners.

The world is undergoing profound changes against the backdrop of COVID-19. China's foreign trade development has been more and more severe and complicated since the world economy has still been in recession and international trade and investment have shrunk sharply.

The online ASEAN Customs Transit System (ACTS) was officially launched on November 30 to accelerate trade in goods by road within Southeast Asia.

The Economic Ministers of ASEAN member states and their partner countries on August 28 emphasised the importance of further strengthening regional economic cooperation and promoting economic growth post COVID-19

The Government has issued a resolution approving the first protocol that amends the ASEAN Trade in Goods Agreement (ATIGA).

Economic growth in the ASEAN region could rebound to an average 8 percent in 2021 after falling into recession in the first half of 2020, a report suggested on June 8.

Economic ministers from the ten ASEAN Member States and the Plus Three Partners (China, Japan, and Republic of Korea) have affirmed the need to keep the markets open for trade and investment amid the COVID-19 pandemic.

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.