Connect with us

What are you looking for?

EVENT NEWS

Digital ASEAN in spotlight at business & investment summit

The ASEAN Business and Investment Summit 2020, with the theme “Digital ASEAN: Sustainable and Inclusive”, was held in Hanoi on November 13 as part of the 37th ASEAN Summit and related meetings.

The ASEAN Business and Investment Summit 2020, with the theme “Digital ASEAN: Sustainable and Inclusive”, was held in Hanoi on November 13 as part of the 37th ASEAN Summit and related meetings.

The summit focused on the importance of Industry 4.0 in stimulating growth, trade, and investment, as well as settling the consequences of COVID-19 and other challenges.

The agenda covered ASEAN’s economic outlook, ESG (environmental, social and governance) investment, technology and the future of jobs in ASEAN, and a resilient ASEAN with sustainable and inclusive growth.

Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said the pandemic, climate change, trade tensions, digital transformation, Industry 4.0, and integration are exposing humankind to unprecedented challenges but also opportunities.

The coronavirus drove most economies in the region and around the world into recession, he noted, adding that it is a global healthcare and economic crisis to which solutions should not be limited to the boundaries of a single country.

The twin target of combating the pandemic and recovering growth requires coordination among countries as well as joint efforts from the business community, people, and government agencies, Loc went on.

Cooperation between governments and enterprises has never been as necessary as now, and public-private partnerships are key to all countries in overcoming the crisis, he added.

Speaking via videoconference, Malaysian Prime Minister Tan Sri Muhyiddin Yassin said COVID-19 generated unprecedented challenges, and policymaking has changed to adapt to its effects.

Suitable policies should be issued and mechanisms must be sustainable and inclusive to ensure that all segments of the economy are highly resilient, he said.

VNA

CORPORATE

Taiwanese electronics contract manufacturer Foxconn is hiring 1,000 workers in the northern provinces of Bac Giang and Bac Ninh. Its job announcement said they...

ECONOMY

As many as 126 foreign projects were granted investment licenses with total registered capital of $3.31 billion, a year-on-year fall of 33.9 percent. Meanwhile,...

ECONOMY

Several localities have reported demand for thousands of workers as manufacturers seek to scale up production. In some industrial parks in the southern provinces...

Scroll Up