THE Association of Southeast Asian Nations (Asean) has launched the Asean Trade in Goods Agreement (ATIGA) upgrade negotiations to maximise the potential of intra-Asean trade and deepen economic integration.

Vietnam is forecast to lead the fastest growing ASEAN economies in 2022, according to a recent report of the International Monetary Fund (IMF).

The ASEAN+3 Macroeconomic Research Office (AMRO) forecast the ASEAN+3 region will expand by 6.7 percent this year and 4.9 percent in 2022, after contracting marginally by 0.2 percent in 2020.

Vietnam aims to become the second largest economy in Southeast Asia by 2030 thanks to its sound economic performance, Prime Minister Nguyen Xuan Phuc has said.

Southeast Asia’s recovery from the COVID-19 pandemic can best be achieved by all sides involved working together and closely collaborating to address challenges before them, said Masatsugu Asakawa, President of the Asian Development Bank (ADB).

International Affairs & Trade Fairs Division, PHD Chamber of Commerce and Industry organised India-South East Asia Day themed as ”STRENGTHENING INDIA – SOUTH EAST ASIA: PROJECT PARTNERSHIP THE WAY FORWARD” during the “PHDCCI International Week” taking place from 15-19 March 2021in Hybrid Mode.

The ASEAN Comprehensive Investment Agreement (ACIA) aims at promoting trade and investment in the ASEAN region by building a free, open, and transparent investment regime.

Three countries’ joint triangle development is considered a model for the rest of ASEAN.

Vietnam recently approved the fourth protocol amending the ASEAN Comprehensive Investment Agreement.

Vietnam is committed to closely cooperating with other ASEAN members in realizing the common goal of an ASEAN Economic Community.