Prime Minister Pham Minh Chinh and leaders of other countries attending the ASEAN-Gulf Cooperation Council (GCC) Summit. – Photo: VGP/Nhat Bac
The leaders shared insights on the long-standing relationships and strong connections between the three regions of ASEAN, GCC, and China, from the ancient Silk Road to vibrant maritime routes in Southeast Asia, and to the modern trade corridors of today. In a world facing increasingly complex changes, this Summit underscores the importance of multilateral cooperation, fostering a strategic framework based on mutual respect and understanding, and opening up broader development space for ASEAN, GCC, and China.
Leaders believe that ASEAN, GCC, and China can leverage their combined economic strengths, with a total GDP of 24,870 billion USD and a population of approximately 2.15 billion people, to complement each other and unlock immense cooperation potential, contributing to the prosperity and development of each region and the world.
Accordingly, the countries affirmed their commitment to promoting trade, investment, finance, supply chain connectivity, and market access for ASEAN, GCC, and Chinese businesses. They also emphasized the importance of collaboration in new areas such as digital technology, artificial intelligence, and renewable energy, along with cultural exchanges, educational cooperation, and tourism development. Additionally, they proposed new initiatives to enhance understanding and solidarity among the peoples of the regions.
The Summit discussed international and regional issues, expressing concern over the complex situation in the Gaza Strip. They affirmed their support for the peace process and the establishment of an independent Palestinian state, endorsing a two-state solution in accordance with international law and relevant UN Security Council resolutions. The Summit also underlined the importance of peacefully resolving disputes based on international law, ensuring maritime security, and promoting dialogue, cooperation, and mutual trust.
Prime Minister Pham Minh Chinh welcomed the exchange and coordination between ASEAN, GCC, and China, creating a historic opportunity to shape a new inter-regional strategic cooperation framework. – Photo: VGP/Nhat Bac
Shaping a New Inter-regional Strategic Cooperation Framework
In his speech at the Summit, Prime Minister Pham Minh Chinh welcomed the exchange and coordination between the three economic powerhouses of the world—ASEAN, GCC, and China. He emphasized that this presents a historic opportunity to shape a new inter-regional strategic cooperation framework for a prosperous, inclusive, and sustainable future for all.
The Prime Minister highlighted the importance of focusing on trade, investment, and supply chain connectivity, without politicizing science, technology, investment, and development. He suggested leveraging existing frameworks such as the ASEAN-China Free Trade Agreement and proposed the signing of the ASEAN-GCC Free Trade Agreement. Additionally, he recommended exploring the possibility of establishing a comprehensive tripartite economic cooperation mechanism, including the potential for an ASEAN-GCC-China Free Trade Agreement. The Prime Minister also called for creating a more conducive business environment, deeper market openness, and more transparent and stable investment policies to enable businesses from the three regions to thrive in global supply chains for goods, services, and investment.
The countries affirmed their commitment to promoting trade, investment, and supply chain connectivity among ASEAN, GCC, and China. – Photo: VGP/Nhat Bac
Prime Minister Chinh suggested prioritizing strategic and breakthrough areas. With ASEAN finalizing the ASEAN Framework Agreement on Digital Economy, he emphasized that this is the “golden time” to build a connected, safe, and sustainable digital space. He also proposed enhancing the connectivity of the ASEAN Power Grid, promoting green and renewable energy technologies, including green hydrogen, and developing a sustainable agriculture and food system, encompassing smart agriculture, circular agriculture, and eco-agriculture, along with a stable and sustainable food supply chain, including the Halal food industry.
Affirming that capital is the lifeblood of strong, continuous, and sustainable economic development, the Prime Minister suggested strengthening the connectivity between the financial centers of the three regions. He proposed the formation of a robust financial connectivity network among key regional centers such as Ho Chi Minh City, Kuala Lumpur, Singapore, Bangkok, Shanghai, Dubai, and Riyadh, creating an inter-regional financial ecosystem that propels cooperation between the three regions to new heights in the future.
Prime Minister Pham Minh Chinh suggested strengthening the connectivity between the financial centers of the three regions. – Photo: VGP/Nhat Bac
The Prime Minister expressed his belief that these orientations will create a solid foundation for the robust development of other sectors, such as tourism, cultural exchanges, and connections between civilizations in the three regions, laying a firm groundwork for deep, comprehensive, and long-lasting cooperation between ASEAN, China, and GCC.
Prime Minister Pham Minh Chinh affirmed Vietnam’s commitment to continuing its role as a reliable bridge and responsible partner, ready to accompany and contribute to peace, stability, and shared prosperity for all people and nations of ASEAN, GCC, and China.
Enhancing Vietnam – Japan Economic Partnership
“Amidst global economic challenges, particularly the backdrop of the US countervailing duty policy, strengthening the Vietnam-Japan Comprehensive Strategic Partnership is of paramount importance for the socio-economic development of both nations.”
“Envisioning a Shared Future: The ASEAN 2045 Declaration”
On the afternoon of May 26th, at the Kuala Lumpur Convention Centre in Malaysia, Prime Minister Pham Minh Chinh joined other ASEAN leaders in signing the Kuala Lumpur Declaration on the ASEAN Community’s Common Vision 2045. This significant declaration outlines the future direction of the ASEAN community, with a focus on political-security, economic, socio-cultural, and connectivity strategies.
The New “King” in China: A Vietnamese Delicacy Takes the Crown
The Vietnam Fruit and Vegetable Association emphasizes that Vietnamese mango products stand out in the market due to their superior quality and affordable prices, appealing to the modern Chinese consumer.
“The Vietnam-France Relationship: A Special Bond”
“The relationship between Vietnam and France is indeed unique and special, having gone through various historical phases. This relationship is now firmly rooted in a foundation of high trust and mutual respect, as emphasized by the General Secretary.”
“ASEAN: Unleashing the Power of ‘5 More’ with a Triple-Headed Approach”
On the morning of May 26, at the Kuala Lumpur Convention Centre in Malaysia, Prime Minister Pham Minh Chinh led a high-level Vietnamese delegation at the 46th ASEAN Summit’s plenary session.
