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20/07/2017 - 15:38

ASEAN is the second trading partner of Vietnam

On the occasion of the 50th anniversary of the establishment of Association of Southeast Asian Nations (ASEAN), units of the Ministry of Foreign Affairs including ASEAN Department, General Economics Department and The world and Vietnam Report, in collaboration with Economic Research Institute of ASEAN and East Asia (ERIA, Japan) held the conference on “ASEAN at 50: AEC and the opportunities for Vietnamese businesses” in Hanoi on 19 July.

The conference was attended by about 200 domestic and foreign delegates.

Speaking at the conference, Professor Hidetoshi Nishimura, President of ERIA said that ASEAN created many opportunities for Vietnamese businesses (ASEAN was the 7th largest economy in the world), including sectors of services, construction, tourism ...

ASEAN has now become Vietnam's second trading partner, with an average annual growth rate of 14.5% in the last decade. Vietnam's two-way trade with ASEAN increased from about USD 19 billion in 2006 to USD 41.36 billion in 2016. ASEAN has been the third largest market and also the trading partner to provide the third largest source of goods for Vietnamese businesses.

According to VOV