The 47th ASEAN Economic Ministers’ Meeting (AEM 47) will be held in Kuala Lumpur from August 22-25 to put the finishing touches on the formal establishment of the ASEAN Economic Community (AEC).
The 46th ASEAN Economic Ministers’ Meeting in Myanmar last year. (Photo: VNA)
The 47th ASEAN Economic Ministers’ Meeting (AEM 47) will be held in Kuala Lumpur from August 22-25 to put the finishing touches on the formal establishment of the ASEAN Economic Community (AEC) by the end of this year.
The information was released by Mustapa Mohamed, Malaysian Minister of International Trade and Industry, during a press conference in Kuala Lumpur on August 20.
He said AEM 47 will focus on implementing AEC measures, especially the completion of commitments agreed to under the AEC 2015 Blueprint, and developing the ASEAN Post-2015 Economic Vision 2025, strategic action plans for the next 10 years and the ASEAN Small and Medium Enterprises Master Plan 2016-2025.
Economic ministers from Australia, Canada, China, India, Japan, the Republic of Korea, New Zealand, Russia and the US will participate in the meetings with the ASEAN economic ministers.
The ASEAN economic ministers will also be meeting with representatives from the ASEAN Business Advisory Council, the East Asia Business Council, the Federation of Japanese Chambers of Commerce and Industry in ASEAN, the US-ASEAN Business Council, the Canada-ASEAN Business Council and the ASEAN-India Business Council.
In addition, the EU-ASEAN Business Summit and the East Asia Investment Forum will be held on August 23 and 24, respectively.
Mustapa Mohamed held that the AEC seeks to formally establish a single market and production base among the 10 ASEAN member states, adding that the eventual integration of national economies into a single regional bloc is expected to facilitate the creation of a seamless trade and investment regime in ASEAN.
It will also propel the ASEAN economy, whose GD🃏P currently is estimated at 2.7 trillion USD, into a global powerhouse with G🍃DP expected to rise to a combined 4.7 trillion USD by 2020, the official said.-VNA
Minister of Industry and Trade Vu Huy Hoang revealed Vietnam’s preparation progress for the establishment of the ASEAN Economic Community (AEC) in an interview granted to the Vietnam News Agency on the conclusion of the 21st ASEAN Economic Ministers’ Retreat in Malaysia.
More work needs to be done to ensure that the ASEAN Economic Community integration will actually bring about a stronger and more prosperous region, a senior financial institution official said.
Deputy Minister of Industry and Trade Nguyen Cam Tu spoke with Nhan Dan newspaper about Vietnam's preparations for the upcoming establishment of the ASEAN Economic Community (AEC) in late 2015.
The 47th ASEAN Economic Ministers’ Meeting, scheduled to be held in Malaysia from August 22-25, will be the final step towards the formation of the ASEAN Economic Community by year-end.
The National Assembly’s Committee for External Relations held a meeting in Hanoi on August 19, offering insight into the pros and cons Vietnam will face in the ASEAN Community.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
The 46th ASEAN Economic Ministers’ Meeting in Myanmar last year. (Photo: VNA)
