ASEAN Finance and Central Bank Deputies’ Meeting held online
The ASEAN Finance and Central Bank Deputies’ Meeting (AFCDM) was held online in Hanoi on October 1 in preparation for the sixth ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) scheduled for the following day.
The ASEAN Finance and Central Bank Deputies' Meeting (AFCDM) takes place virtually on October 1. (Photo: VNA)
Hanoi (VNA) - The ASEAN Finance and Central Bank Deputies’ Meeting (AFCDM) was held online in Hanoi on October 1 in preparation for the sixth ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) scheduled for the following day.
Participants discussed the outcomes of cooperative initiatives within the framework of the ASEAN monetary-financial integration roadmap and other regional financial cooperation initiatives.
They were also updated on the regional economic situation, the results of the G20 Finance Ministers and Central Bank Governors’ meeting, and preparations for ASEAN 2021, and considered the approval of the draft Joint Statement of the sixth AFMGM.
Despite COVID-19, ASEAN has made important strides forward in the implementation of its monetary-financial integration roadmap, contributing to realising targets in the 2016-2025 comprehensive plan on financial integration and strengthening policy dialogue and financial collaboration with partner countries.
The working group on capital market development has continued to promote finance sustainably via the application of ASEAN standards, including standardising documents on infrastructure funding.
Recommendations in the group’s sustainable finance report will serve as a reference for ASEAN member states to devise policies.
With the aim of fully removing barriers to financial services in the bloc, including insurance, securities, and banking, the working group on financial services liberalisation has completed eight rounds of negotiations, with the ninth expected to be completed next year. After next year, ASEAN will build a Framework Agreement on Services (AFAS), containing wider commitments.
Last year the ASEAN Insurance Forum adopted a Roadmap to the ASEAN Insurance Integration Framework, with a target of liberalising insurance services and opening financial service markets in 2021.
ASEAN finance and central♓ bank deputies also agreed to approve reports from working groups, which will be submitted to the sixth AFMGM, slated for October 2, for consideration./.
EU Ambassador to ASEAN Igor Driesmans said the EU has launched a new social media campaign entitled “Your Health Is Priceless” which aims to raise awareness of the harms that counterfeit pharmaceutical and healthcare products can cause falsified medicines in Southeast Asia.
Deputy ministers of finance and deputy governors of central banks in ASEAN and the US gathered together at an online meeting on October 1, held as part of the ASEAN Finance Ministers and Central Bank Governors’ Meeting hosted by Vietnam.
The Committee of Parmanent Representatives to ASEAN (CPR) and the Pacific Alliance (PA), a regional integration initiative comprising Chile, Colombia, Mexico and Peru, have met via video-conference to further strengthen relations between the two organisations.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
The ASEAN Finance and Central Bank Deputies' Meeting (AFCDM) takes place virtually on October 1. (Photo: VNA)
