The ASEAN Economic Community (AEC) can be a major catalyst for national growth, but few Vietnamese businesses have grasped the concept and its importance, officials and experts said at a seminar on Wednesday.
The establishment of the ASEAN Economic Community (AEC) in 2015 is a major milestone in the regional economic integration agenda in ASEAN, offering opportunities in the form of a huge market of US$2.6 trillion and over 622 million people. Viet...
Vietnamese businesses can now access all important legal documents of the ASEAN Economic Community (AEC) on aecvcci.vn, which was launched on December 28.
Vietnamese banks have more opportunities to establish and expand their
presence in international markets, Gary Hwa, Ernst & Young''s (EYs)
regional managing partner for financial services for Asia Pacific, said.
The establishment of the ASEAN Economic Community (AEC) this year is expected to bring opportunities and challenges for Viet Nam.Vu Nhu Thang, head of the Ministry of Finance''s External Relations Department, spoke the Vietnam News Agency, about the issues.
The Viet Nam Electronic Industry Association (VEIA) will join with
Thailand''s Reed Tradex Co to organize a forum on support industry in the
capital on April 8.
Vietnamese insurers have been offered great opportunities to expand
their market share in the regional market thanks to the formation of the
ASEAN Economic Community (AEC).
Economic experts said enterprises in Viet Nam will face fierce
competition under the ASEAN Economic Community, so they should establish
relationships with large firms in the region and globally in order to
better develop their businesses.
While more jobs will be d as the ASEAN Economic Community (AEC)
comes into effect by the year-end, the number of Vietnamese workers with
skills that meet international labour market remains insufficient.
Viet Nam has developed 400 business associations nationwide, but links
and co-operation among them have been poor, chairman of the Viet Nam
Chamber of Commerce and Industry (VCCI), Vu Tien Loc, said yesterday at a
conference on integration and institutional reform, and competitive
capacity...
Ministries and sectors should enhance communication
regarding international integration that will help management units,
business community and other people timely in updating their knowledge,
Nguyen Cam Tu, deputy minister of Industry and Trade (MoIT), has said.
Vietnamese businesses are oblivious to the pressures of competitiveness
in the wake of ASEAN moving up the ladder from AFTA to ASEAN Economic
Community (AEC) by the end of 2015.
Viet Nam is now ready for the ASEAN Economic Community (AEC), due to be
formed at the end of 2015, experts said at a seminar held by the Central
Institute of Economic Management (CIEM) late last week in Ha Noi.
Viet Nam should perfect its market economy institution and accelerate
administrative reform to increase its national competitiveness in order
to maximise the benefits of the ASEAN Economic Community (AEC) once it
is established in 2015.