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Asean fuels success in the region

The Association of Southeast Asian Nations (Asean) has significantly helped its member-states achieve economic progress, a Vietnamese senior economic official said.

At the Public Symposium on Economic Integration and Nation Building held in Manila recently, Dr. Vo Tri Thanh, former vice president and a senior expert of the Central Institute for Economic Management of Viet Nam, praised Asean for pushing its member-states to aim for sustainability, inclusiveness, and innovation.

The symposium is one of the commemorative outreach activities organized by state think tank Philippine Institute for Development Studies (PIDS) and Jakarta-based Economic Research Institute for Asean and East Asia (ERIA) to celebrate Asean’s 50th anniversary this year.

It aims to enhance the engagement of stakeholders of Asean on economic issues to promote a better understanding of the Asean economic integration.

‘Meaningful playing field’According to Vo, the regional bloc has served as a “meaningful playing field” for Southeast Asian countries to explore their comparative advantages, participate in the global market, and advance domestic reforms.

“In the case of Vietnam, for instance, Asean has allowed us to see the best performers in the region, like Singapore, Thailand, and Malaysia, and align our economic targets based on their performance,” Vo explained.

He likewise revealed that this year alone, Vietnam expects 20,000 new private enterprises through the intervention of Asean.

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