Vietnam approves 4th protocol amending ASEAN investment deal

The Vietnamese Government has issued a resolution approving the fourth Protocol to amend the ASEAN Comprehensive Investment Agreement (ACIA) signed on July 15, 2020.

Friday, February 19, 2021 22:04

Vietnam approves 4th protocol amending ASEAN investment deal ảnh 1

Flags of ASEAN and its member States (Source: AFP)

Hanoi (VNA) – The Vietnamese Government has issued a resolutionapproving the fourth Protocol to amend the ASEAN Comprehensive InvestmentAgreement (ACIA) signed on July 15, 2020.

The Government assigned the Ministry of Planning andInvestment to chair and coordinate with relevant ministries and offices tocarry out the protocol. Meanwhile, the Ministry of Foreign Affairs is taskedwith conducting external procedures as regulated.

The ACIA was inked on February 26, 2009 and became effective onMarch 29, 2012 with the aim of promoting the building of a free, open and transparent investment area inASEAN to achieve the goal of establishing the ASEAN Economic Community in 2015.

It focuses on Investment Liberalisation, InvestmentProtection, Investment Facilitation and Investment Promotion.

Since 2012, ASEAN member states have signed four protocolsamending the agreements.

The fourth protocol aims at promoting regional integrationand attracting more foreign investors./.

VNA

#Vietnamese Government #ASEAN Comprehensive Investment Agreement #ACIA #fourth Protocol #Vietnam #Vietnamplus #Vietnam News Agency

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