UK supports ASEAN’s economic integration

By Vietnam News Agency
Thu, April 25, 2024 | 5:09 pm GMT+7

The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on Wednesday to discuss the ASEAN-UK economic integration programme.

 The flags of the UK (left) and ASEAN. Photo courtesy of Vietnam News Agency.

The flags of the UK (left) and ASEAN. Photo courtesy of Vietnam News Agency.

Speaking at the event, UK Ambassador to ASEAN Sarah Tiffin said the UK has contributed over 19 million GBP (23.62 million USD) to support long-term improvement in business environment in seven ASEAN member countries. The programme is part of a series of initiatives aimed at promoting new dialogue partnership relations between the two sides.

She said this year marks the strengthening of the implementation of the UK's dialogue partnership, with a special focus on the establishment of the 25 million GBP ASEAN-UK economic integration programme.

It will be carried out over the next four years in all 10 ASEAN member states and Timor Leste, and aimed at poverty reduction in the region, particularly supporting economic empowerment for women and small businesses.

Delegates at the event discussed various issues, including the impact of the digital economy, trade barriers, access to financial resources, and empowering women to engage more in the economy

Comments (0)
  • Read More
Vietnam embraces new wave of investments: HSBC exec

Vietnam embraces new wave of investments: HSBC exec

Embracing new investment flows is in the interest of Vietnam and will support the country’s advancement higher up in the value-added ladder across industries and sectors, writes Joon Suk Park, head of international subsidiary banking, wholesale banking, HSBC Vietnam.

Opinion - Wed, November 6, 2024 | 3:44 pm GMT+7

Vietnam posts $23.3 bln trade surplus in Jan-Oct, FDI sector $42.9 bln

Vietnam posts $23.3 bln trade surplus in Jan-Oct, FDI sector $42.9 bln

Vietnam posted a trade surplus $23.31 billion in the first 10 months of this year, with the foreign direct investment (FDI) sector making a trade surplus of $42.92 billion.

Economy - Wed, November 6, 2024 | 3:25 pm GMT+7

Vietnam listed banks’ bad debt up $2.3 billion in 9 months

Vietnam listed banks’ bad debt up $2.3 billion in 9 months

The bad debt of listed banks in Vietnam continued to grow during the first nine months of 2024, with some seeing it increase as much as 70% from the end of 2023.

Banking - Wed, November 6, 2024 | 3:14 pm GMT+7

AI tool to help Vietnam curb tax evasion by e-commerce platforms: Deputy PM

AI tool to help Vietnam curb tax evasion by e-commerce platforms: Deputy PM

An artificial intelligence (AI)-based tool will be used to check revenues and trades on e-commerce platforms operating in Vietnam as part of a broader attempt to prevent tax losses, says Deputy Prime Minister Ho Duc Phoc.

Economy - Wed, November 6, 2024 | 2:12 pm GMT+7

Cambodia announces new initiative to encourage use of local currency

Cambodia announces new initiative to encourage use of local currency

The National Bank of Cambodia (NBC) and the country's Ministry of Commerce have recently announced a major step to promote the use of the local currency by encouraging businesses to register new bank accounts in riel.

Southeast Asia - Wed, November 6, 2024 | 2:02 pm GMT+7

Thailand, Turkey agree to resume FTA negotiations

Thailand, Turkey agree to resume FTA negotiations

Thai Deputy Commerce Minister Suchart Chomklin and his Turkish counterpart Mustafa Tuzcu have agreed to resume negotiations on a free trade agreement (FTA) between the two countries.

Southeast Asia - Wed, November 6, 2024 | 2:00 pm GMT+7

Singapore Airlines aims to attract high-spending passengers to longest flights

Singapore Airlines aims to attract high-spending passengers to longest flights

Singapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract high-spending travelers to flights that can top 17 hours.

Southeast Asia - Wed, November 6, 2024 | 1:58 pm GMT+7

Indonesia eyes $120 bln investment for economic development

Indonesia eyes $120 bln investment for economic development

Indonesia aims to secure an investment of $120 billion by 2025 to promote its national economy, Minister of Investment Rosan Roeslani said on Monday.

Southeast Asia - Wed, November 6, 2024 | 1:56 pm GMT+7

Vietnam’s Jan-Oct industrial production grows 8.3%

Vietnam’s Jan-Oct industrial production grows 8.3%

Vietnam’s January-October index of industrial production (IIP) grew 8.3% year-on-year, extending the recovery of the sector, backed by a 4% increase from September to October, the General Statistics Office (GSO) said.

Economy - Wed, November 6, 2024 | 1:36 pm GMT+7

AES earns $27 mln pre-tax income from Vietnam coal-fired power plant in Jan-Sept

AES earns $27 mln pre-tax income from Vietnam coal-fired power plant in Jan-Sept

U.S.-based AES Corporation earned a pre-tax income of $27 million from the Mong Duong II coal-fired power plant in Vietnam’s northern province of Quang Ninh in the first nine months of this year.

Companies - Wed, November 6, 2024 | 12:06 pm GMT+7

Vietnamese businesses able to leverage e-commerce, overcome market challenges: experts

Vietnamese businesses able to leverage e-commerce, overcome market challenges: experts

Amidst the rapid expansion of low-cost Chinese e-commerce platforms like Temu, 1688 and Taobao, several Vietnamese businesses have managed to hold their own, showing how e-commerce can be leveraged to achieve success, experts say.

Finance - Wed, November 6, 2024 | 11:09 am GMT+7

Vietnam’s Eximbank seeks to move headquarters to Hanoi after ownership changes

Vietnam’s Eximbank seeks to move headquarters to Hanoi after ownership changes

Eximbank, among the leading mid-sized banks in Vietnam, has announced a plan to move its head office from Ho Chi Minh City, the largest economic hub in the south, to Hanoi after recent changes in shareholders.

Banking - Wed, November 6, 2024 | 10:41 am GMT+7

Coffee trading floor should be set up in Vietnam Central Highlands for risk management: experts

Coffee trading floor should be set up in Vietnam Central Highlands for risk management: experts

A coffee trading floor should be set up soon to set price benchmarks and manage market risks, experts said Sunday at a workshop.

Economy - Wed, November 6, 2024 | 8:18 am GMT+7

State utility EVN proposes trial of two-tier electricity pricing model

State utility EVN proposes trial of two-tier electricity pricing model

State utility Vietnam Electricity (EVN) has proposed piloting a two-tier electricity pricing mechanism for some customer groups before it is expanded nationwide starting January 1, 2025.

Economy - Tue, November 5, 2024 | 8:16 pm GMT+7

Registered FDI in Vietnam rises 1.3% in to $27.3 bln in Jan-Oct

Registered FDI in Vietnam rises 1.3% in to $27.3 bln in Jan-Oct

Registered foreign direct investment (FDI) in Vietnam totaled $27.26 billion in the first 10 months of this year, up 1.9% year-on-year, according to the Ministry of Planning and Investment.

Economy - Tue, November 5, 2024 | 5:35 pm GMT+7

Thailand’s Krungsri aims to wholly acquire Hanoi-based SHBFinance soon

Thailand’s Krungsri aims to wholly acquire Hanoi-based SHBFinance soon

Bangkok-domiciled Krungsri, officially known as Bank of Ayudhya Public Company Limited, has offered to acquire the remaining 50% stake in SHBFinance from private lender SHB before their initially agreed timeline.

Finance - Tue, November 5, 2024 | 4:23 pm GMT+7