The ASEAN+3 Macroeconomic Research Office (AMRO) has estimated that the ASEAN+3 region will grow by 6.1 percent this year and 5 percent in 2022 after posting flat growth in 2020, due to the third wave of COVID-19 infections triggered by Delta variant.
Hanoi(VNA) - The ASEAN+3 Macroeconomic Research Office(AMRO) has estimated that the ASEAN+3 region will grow by 6.1 percent this yearand 5 percent in 2022 after posting flat growth in 2020, due to the third waveof COVID-19 infections triggered by Delta variant.
In its update to the annual ASEAN+3Regional Economic Outlook (AREO) 2021 released on October 7, AMRO said China,Japan and the Republic of Korea will continue driving ASEAN+3 recovery with agrowth of 6.9 percent this year.
In ASEAN, AMROforecast that it will expand at a slower pace of 2.7 percent. Singapore willpost the highest growth, with 6.3 percent, followed by the Philippines 4.3percent, Malaysia 4.1 percent and Vietnam about 2.6 percent. Myanmar is theonly country predicted to contract by 18.7 percent.
In 2022, Vietnam isexpected to post the fastest growth in ASEAN+3 with7.5 percent, ahead of the Philippines and Malaysia 6.7 perce𝐆nt, Cambodia 6.6percent, Thailand 5.8 percent, Indonesia 5.6 percent and China 5.5 percent./.
Cambodian Minister of Foreign Affairs and International Cooperation Prak Sokhonn has emphasised the importance of implementing the ASEAN Travel Corridor Arrangement Framework to enable travel and business activities across the region to gradually return to normal, towards the establishment of a standing working group to kick-start this process.
Sectors that are inviting investment, along with investment incentives and benefits, in special economic zones and industrial parks of ASEAN countries were introduced to businesses of the Republic of Korea (RoK) at a workshop held in Seoul on October 6.
The 14th meeting between senior officials on minerals of 10 ASEAN countries and China, Japan and the Republic of Korea (RoK) (ASOMM+3) was held via videoconference on October 7.
Brunei's Second Foreign Minister Erywan Mohd Yusof called on all ASEAN members to step up cooperation in the vaccination drive against COVID-19, and in addressing mental health issues, reported the Bernama news agency.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Illustrative image (Photo: Reuters) 
