Connectivity in ASEAN - key to regional development: ASEAN chief
Enhancing connectivity and resilience are key priorities of the Association of Southeast Asian Nations (ASEAN) in 2024, according to Kao Kim Hourn, the bloc's Secretary-General.
Kao Kim Hourn, Secretary-General of ASEAN. Photo courtesy of www.asean.org.
As the world and the region continue to witness multi-dimensional, complex and unpredictable developments in both geopolitics and geo-economics, the bloc requires joint efforts and solidarity of member countries to deal with challenges, he said in an interview with Vietnam News Agency correspondents in Jakarta.
He noted that this is appropriate because ASEAN is in the final stages of implementing the Master Plan on ASEAN Connectivity (MPAC) 2025, which was approved in 2016.
The official emphasised that nine priorities of Laos for its ASEAN Chairmanship 2024, including four on enhancing connectivity and five on enhancing resilience, are key to the development of the region.
An ASEAN Leaders' Declaration on "Enhancing connectivity and resilience" is scheduled to be issued at the 44th and 45th ASEAN Summits in October 2024, he added.
ASEAN determines that economic cooperation and connection will help the bloc strengthen its internal strength, aiming to develop a green economy and tackle climate change, which are challenges to the region.
ASEAN is committed to sustainable development by highlighting cross-cutting activities on circular economy and carbon neutrality.
The ASEAN chief noted that the bloc has undertaken more than 50 initiatives covering a range of fields, including biotechnology, meteorology, microelectronics and space technology. To promote green growth, a lot of initiatives have been implemented such as establishing the ASEAN Network on Biology, Information and Green Economy; developing climate change guidelines; transfering green technology to enterprises.
In the context that competition between major powers becomes increasingly fierce and unpredictable, ASEAN advocates deepening the relationship between ASEAN and its partners in a substantive and effective manner to ensure the bloc’s centrality and promote regional development, he added.
The ASEAN leader said he strongly believes that with all these factors, ASEAN will be able to promote its tradition of solidarity and unity and overcome the above-mentioned challenges.
- Read More
HCMC signs partnership deals with World Economic Forum, blockchain giant Binance
Ho Chi Minh City on Wednesday issued a joint statement with the World Economic Forum (WEF) on an initiative to promote smart manufacturing and responsible industrial transformation in Vietnam, while signing an MoU with Binance to promote the development of the country's International Financial Center.
Economy - Thu, November 27, 2025 | 11:28 am GMT+7
Red Capital exits major shareholder position in EVN's subsidiary VSH
Red Capital Asset Management JSC has ceased to be a major shareholder of Vinh Son-Song Hinh Hydropower JSC (HoSE: VSH), a subsidiary of state-owned Vietnam Electricity (EVN), after sharply reducing its stake.
Companies - Thu, November 27, 2025 | 7:55 am GMT+7
VAFIE, Hung Yen province authority accompany taxpayers
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and Hung Yen province's tax authority on Tuesday held a workshop on corporate tax policy updates and key notes on 2025 corporate income tax filings.
Companies - Wed, November 26, 2025 | 8:15 pm GMT+7
Thailand’s Super Energy earns $81 mln in Jan-Sep revenue from Vietnam
Super Energy Corporation, a Thai renewable-energy developer, recorded about THB2.62 billion ($81.28 million) in revenue from its Vietnam operations in the first nine months of 2025, according to its Q3 earnings report.
Companies - Wed, November 26, 2025 | 4:51 pm GMT+7
Turning point of Vietnam's fund management industry: exec
Vietnam’s asset management industry is entering a pivotal phase as the country seeks to diversify capital flows and strengthen long-term funding, said Lu Hui Hung, CEO of Phu Hung Fund Management, citing the Ministry of Finance's recently issued Decision 3168.
Finance - Wed, November 26, 2025 | 4:42 pm GMT+7
Gelex Infrastructure okayed to launch IPO of 100 mln shares
Gelex Infrastructure JSC has received approval from the State Securities Commission of Vietnam to proceed with an initial public offering of 100 million shares, the company said.
Companies - Wed, November 26, 2025 | 3:52 pm GMT+7
Seven young PV Gas employees selected for Petrovietnam’s 'Outstanding Youth 2025' program
Seven young employees of PetroVietnam Gas (PV Gas) have been selected for Petrovietnam’s “Outstanding Youth 2025” program, an initiative aimed at identifying and developing high-potential talent across the state energy group.
Companies - Wed, November 26, 2025 | 3:01 pm GMT+7
Deep C Industrial Zones in northern Vietnam draws three new projects worth over $242 mln
Deep C Industrial Zones in Quang Ninh province has secured three new investment projects with combined registered capital of about VND6.38 trillion ($242 million), reinforcing its position as an attractive destination for manufacturing and logistics.
Industries - Wed, November 26, 2025 | 1:58 pm GMT+7
Billionaire Pham Nhat Vuong's son takes helm at VinMetal as Vingroup pledges support for loss-making steel producer Pomina
Vingroup, Vietnam's biggest listed company by market cap, said its steel subsidiary VinMetal will provide Pomina Steel with a zero-interest working capital loan for up to two years, helping the troubled steelmaker stabilize operations and restore cash flow.
Companies - Wed, November 26, 2025 | 12:38 pm GMT+7
HAGL chairman says he sold 'everything possible' to save the company
Hoang Anh Gia Lai (HAGL) has successfully restructured with its debt reduced from VND36 trillion ($1.37 billion) to over VND6 trillion ($227.5 million), now focusing on developing raw material areas to gain scale advantages.
Companies - Wed, November 26, 2025 | 8:18 am GMT+7
Vingroup subsidiary VinMetal may acquire loss-making steel producer Pomina: broker
Ho Chi Minh City Securities (HSC) analysts said a potential acquisition of steel manufacturer Pomina could be a strategic move that allows VinMetal to gain a faster foothold in the steel industry by using Pomina’s existing construction steel capacity.
Companies - Tue, November 25, 2025 | 8:05 pm GMT+7
Vingroup plans $38 mln bond issuance to restructure debt
Vingroup (HoSE: VIC), Vietnam’s largest listed company by market cap, plans to issue VND1 trillion ($37.91 million) in bonds via private placement as it seeks to restructure debt.
Companies - Tue, November 25, 2025 | 3:52 pm GMT+7
Vietnam gov't proposes minimum $379 mln charter capital for offshore wind developers
The Vietnamese government has proposed that offshore wind power developers have a minimum charter capital of VND10 trillion ($379 million) each, according to a draft resolution designed to ease bottlenecks in the country’s 2026-2030 energy development plan.
Energy - Tue, November 25, 2025 | 3:41 pm GMT+7
Petrovietnam arm to venture into CO2 transportation, seabed minerals, geothermal
PVEP, the upstream arm of state giant Petrovietnam, plans to expand into new fields such as CO2 transportation and disposal (carbon capture, utilization, and storage), coal gas and underground mineral research, seabed minerals, and geothermal.
Industries - Tue, November 25, 2025 | 3:08 pm GMT+7
MB successfully closes landmark $500 mln inaugural green term loan facility agreement
Military Commercial Joint Stock Bank (MB) on Monday announced the successful closing of its three-year $500 million inaugural Green Term Loan Facility Agreement, marking a significant milestone in the bank’s sustainable financing journey.
Banking - Tue, November 25, 2025 | 2:17 pm GMT+7
Impact of rising exchange rates in Vietnam
Mirae Asset Securities analysts offer an insight into the impact of rising exchange rates on companies in Vietnam in a report dated November 21.
Economy - Tue, November 25, 2025 | 1:35 pm GMT+7
