Australian policy think tank hails Vietnam’s economic dynamism within ASEAN

The Interpreter, a publication of the Australian-based international policy think tank The Lowy Institute, has recently published two articles mentioning the Vietnam-Australia relations and Vietnam's economic potential within the Association of Southeast Asian Nations (ASEAN), against the backdrop of the upcoming ASEAN-Australia Special Summit in Melbourne from March 4-6.
Australian policy think tank hails Vietnam’s economic dynamism within ASEAN ảnh 1The Interpreter, a publication of the Australian-based international policy think tank The Lowy Institute, has recently published two articles mentioning the Vietnam-Australia relations and Vietnam's economic potential within ASEAN. (Photo: VNA)
Hanoi (VNA) - The Interpreter, a publication of theAustralian-based international policy think tank The Lowy Institute, hasrecently published two articles mentioning the Vietnam-Australia relations and Vietnam'seconomic potential within the Association of Southeast Asian Nations (ASEAN),against the backdrop of the upcoming ASEAN-Australia Special Summit in Melbourne from March 4-6.

In an article titled “What to watch at the ASEAN-Australiasummit,” author Susannah Patton wrote: “Most of the ASEAN leaders will bevisiting Australia for the first time, at least in their terms in office. Thismeans a big focus will be on relationship building.”

The article noted that Vietnamese Prime Minister Pham MinhChinh and his Philippine and Malaysian counterparts Ferdinand Marcos and Anwar Ibrahim are undertaking separate bilateral programmes to marktheir first visits to Australia since taking office.

The summit will include a CEO Forum andbriefings to help Australian small- and medium-sized enterprises do business inSoutheast Asia, it said.

Meanwhile, another article titled “The parts within the whole:Understanding Southeast Asia’s economies" by Hannah Denson, assessed that Vietnam’slarge manufacturing base and low-cost production have made it a key tradebeneficiary as global companies shift. Combined with the return of overseastourists, this partly explains Vietnam’s steady 5.1% growth rate in 2023.

Considering the electric vehicle industry a potential new source of growthacross Southeast Asia, the author said Vietnam is home to the region’s first US‑listedelectric vehicle company, VinFast.

PM Pham Minh Chinh and his spouse will attend the ASEAN-Australia SpecialSummit to commemorate the 50th anniversary of the sides’ dialogue relations,and pay official visits to Australia and New Zealand from March 5-11, theMinistry of Foreign Affairs has announced.

The PM's attendance at the summit and visits will be made atthe invitation of Australian Prime Minister Anthony Albanese and Prime Ministerof New Zealand Christopher Luxon./.
VNA

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