The 50th ASEAN Economic Ministers (AEM 50) Meeting and Related Meetings kicked off in Singapore on August 29 with the participation of economic leaders from 10 ASEAN member states and partner countries.
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The Vietnamese delegation, led by Deputy Minister of Industry and Trade Tran Quoc Khanh, participated in the meetings.
In his speech at the opening ceremony, Singaporean Prime Minister Lee Hsien Loong highlighted the establishment and development of the Association of Southeast Asian Nations (ASEAN).
He said the bloc has tremendous economic potential with a strong market of over 630 million people.
The grouping’s GDP growth has averaged 5.4 percent in recent years, well above the global average, and is projected to expand around this rate over the next five years, he noted.
ASEAN is forecast to become the fourth-largest economy in the world by 2030, just behind the US, China and the European Union (EU), he said.
Lee added that strengthening regional economic cooperation and integration is the key for ASEAN to fully tap its potential, including pressing on with the implementation of the ASEAN Economic Community (AEC) Blueprint 2025, as well as supporting an open and inclusive multilateral system amid growing trade tensions.
Escalating trade tensions between the US and its key trading partners have put pressure on the rules-based multilateral trading system, which has underpinned ASEAN’s growth and prosperity, he said, adding that each ASEAN member state is also subject to different pulls and pressure from bigger powers.
In these circumstances, all the bloc’s members must stay united and strive to maintain cohesion and exert significant efforts to reach the signing of the Regional Comprehensive Economic Partnership (RCEP) at the end of this year to strengthen economic linkages and enhance trade and investment flows, Lee stressed.
Singaporean Minister for Trade and Industry Chan Chun Sing, who is the AEM chairperson, said ASEAN leaders are pushing ahead with some initiatives to further enhance regional cooperation, specifically in the fields of digital connectivity, customs clearance and tourism.
He added that the establishment of the AEC in 2015 brought benefits to businesses and customers in the region. Most of non-tariff barriers have been diminished with less stringent and more transparent service regulations. The implementation of business investment rules has helped promote intra-bloc trade.
AEM 50 will run until September 1 with a series of related meetings such as the 32nd ASEAN Free Trade Area (AFTA) Council Meeting and the 21st ASEAN Investment Area (AIA) Council Meeting.
ASEAN economic ministers are due to meet with their counterparts from dialogue partner countries namely Australia, Canada, China, India, Japan, the Republic of Korea, New Zealand, Russia and the US.
The sixth Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting, the 11th Mekong-Japan Ministerial Meeting, and the 10th Cambodia, Laos, Myanmar and Vietnam (CLMV) Economic Ministers’ Meeting will be held as part of AEM 50.
Founded in 1967, the ASEAN now groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
The Governor-General highlighted the historic significance of the visit as the first time a Vietnamese leader has visited New Zealand in both capacities of General Secretary of the CPV Central Committee and President of the State.
Prime Minister Christopher Luxon said Vietnam–New Zealand relations have continued to grow strongly, with substantive cooperation in numerous areas and further expansion in education and agriculture, generating fresh momentum for bilateral ties.
Regarding administrative reform, amendments to the Law on Radio Frequencies will remove licensing requirements deemed unnecessary or already regulated under other laws.
The ceremony was conducted in accordance with protocol for foreign heads of state visiting New Zealand, incorporating a traditional Māori welcome ceremony and an official greeting.
General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President To Lam described overseas Vietnamese as “ambassadors” who help promote Vietnam's positive image internationally, and urged them to maintain solidarity, preserve national pride and cultural traditions, and make practical contributions to the country's development.
The Party leader stressed that the passing of NA President Xaysomphone is a great loss to the Lao Party, State and people, while Vietnam has also lost a great friend and a close, loyal comrade who had always held deep affection for the country, offered valuable support, and worked tirelessly to nurture and consolidate the Vietnam-Laos great friendship, special solidarity, comprehensive cooperation and strategic cohesion.
Highlighting positive outcomes in Vietnam-Singapore cooperation across all areas, particularly since bilateral ties were elevated to a Comprehensive Strategic Partnership in March 2025, Prime Minister Le Minh Hung proposed that the two sides maintain and step up high-level visits and exchanges at all levels.
Australia attaches great importance to its Comprehensive Strategic Partnership with Vietnam and highly values the substantive progress in bilateral relations, said Australian Minister for Foreign Affairs Penny Wong.
According to Government proposals submitted to the legislature, Quang Ninh and Bac Ninh cities will be formed based on the respective natural areas, populations and numbers of commune-level administrative units of the two provinces. Both proposals meet all five conditions stipulated in the Law on Organisation of Local Administration No. 72/2025/QH15 and all seven criteria for establishing centrally-run cities under Resolution No. 112/2025/UBTVQH15.
Xaysomphone Phomvihane was a capable revolutionary intellectual with broad knowledge and a strategic vision. Throughout his career, he remained committed to the Party's ideals and objectives, and demonstrated responsibility, flexibility and discipline in carrying out his assigned tasks.
Prime Minister Le Minh Hung asked the Israeli Government to continue creating favourable conditions for Vietnamese people living, studying and working in Israel at a meeting with outgoing Israeli Ambassador to Vietnam Yaron Mayer in Hanoi on August 12.
Vietnam plans to establish a Vietnam–New Zealand Friendship Association as a counterpart to the New Zealand–Vietnam Friendship Association, thereby strengthening connections and exchanges and helping deepen and broaden friendship between the two peoples.
The joint statements comprise one on deepening the Vietnam-Australia comprehensive strategic partnership, one on economic resilience cooperation, and another on the enhancement of science, technology and innovation connectivity.
Most deputies welcomed the draft law’s reform-oriented approach and a number of breakthrough policies, including greater decentralisation in organisational arrangements, staffing management and policy implementation.
Vietnam and Australia will step up cooperation in artificial intelligence (AI), semiconductors, digital technology, cybersecurity, green technology and emerging technologies, while supporting each other in enhancing capacity to participate more deeply in regional and global supply chains. The two sides will also strengthen cooperation in education and training and people-to-people exchanges.
PM Albanese welcomed General Secretary and President Lam and the high-ranking Vietnamese delegation on their state visit to Australia, stressing its signficance amid the rapidly growing ties, particularly since the two countries elevated their ties to a Comprehensive Strategic Partnership in March 2024.
Welcoming General Secretary and President Lam and the Vietnamese high-ranking delegation, the Australian parliamentary leaders spoke highly of Vietnam’s development achievements and expressed their admiration for the dynamism and creativity of the country and its people, particularly young Vietnamese. They said this energy and determination reflected Vietnam’s strong resolve and aspiration to build a prosperous and powerful nation.
Governor-General Mostyn expressed her pleasure at meeting General Secretary and President Lam again in Canberra after her first state visit to Vietnam in September 2025.
Building on more than half a century of trust and the Comprehensive Strategic Partnership framework, the visit is hoped to create fresh momentum for deeper bilateral ties, bring practical benefits to people and businesses in both countries, and contribute to peace, stability, cooperation and development in the region.
Writing in the book of condolences, the Vietnamese leader expressed his profound sorrow over the passing of Comrade Xaysomphone Phomvihane, describing it as a great loss to the Lao Party, State, NA and people, as well as to Vietnam, which had lost a great friend and loyal comrade who made important contributions to strengthening and developing the great friendship, special solidarity, comprehensive cooperation and strategic cohesion between the two countries.