Vietnam Academy Of Social Sciences

High-level dialogue on economic relations between ASEAN and ITALIA


On the afternoon of October 6, 2021, at the 3D Hall, Headquarters No. 1 Lieu Giai, Ba Dinh, Hanoi, a high-level dialogue on economic relations between ASEAN - Italy took place.

The dialogue took place on the Webinar platform with the participation of Dr. Dang Xuan Thanh, Vice President of Vietnam Academy of Social Sciences; Mr. Valerio De Molli (Executive Partner, Managing Director of House of Europe (European Housse/Ambrosetti); Mr. Romano Prodi (President of the Italy-ASEAN Association, former Prime Minister of Italy, former President of the European Commission) ; Mr. Satvinder, Deputy Secretary-General of the ASEAN Economic Community, Mr. Lim Ban Hong, Deputy Minister of International Trade and Industry - Malaysia; Ms. Gabriella Biondi, Deputy General Director and Principal Director for Asian countries Asia and Oceania, Directorate for Global Affairs, Italian Ministry of Foreign Affairs; Mr. Lorenzo Tavazzi (Partner and Responsible for International Development, House of Europe (European Housse/Ambrosetti)…

Dr. Dang Xuan Thanh, Vice President of Vietnam Academy of Social Sciences at the Dialogue

Through the Dialogue, the parties discussed many issues related to the response, development prospects and strategic priorities to recover the economy after the Covid-19 pandemic (Pandemic).

The pandemic has been and continues to claim the lives and livelihoods of many people, countries and territories, erasing the achievements of decades of development in many countries, including Italy and countries in the region. ASEAN region, causing major economic crisis on a large scale on all continents. Delegates said that this is the time for countries to have collective responses, promote and uphold the role of international cooperation in responding to the pandemic, and find effective solutions to revive the economy.

In fact, ASEAN is the region outside China that detected the earliest cases in January 2020. As of the fourth quarter of 2021, the epidemic situation in the region is still very complicated, seriously affecting security, politics, economy and society. In order to cope with the adverse effects of the Pandemic, in addition to measures to limit the spread such as implementing social distancing, deploying universal vaccination, many countries in the region have implemented easing policies. monetary policy, many economic stimulus packages, and relief packages are estimated to have reached USD 730 billion, equivalent to 7.8% of the total GDP of the region.

Most notably, ASEAN countries have agreed to come up with an ASEAN Overall Economic Recovery Framework (ACRF). As of June 2021, ASEAN countries have implemented 28 Covid-19 response initiatives, are implementing 68 initiatives and considering implementing 73 other initiatives. On the other hand, ASEAN also issued a Declaration on moving towards the establishment of the ASEAN Travel Corridor to facilitate travel within the association, ensuring compliance with regional and individual health regulations. pellets. In addition, the association also established the ASEAN Center on Response to Emerging Epidemic and Public Health Emergencies to enhance capacity and preparedness. These events have demonstrated the potential that ASEAN and its international partners have been and continue to realize, serving as a basis for the possibility of strengthening international cooperation relations in the coming time...

Delegates attending the Webinar . Platform Dialogue

Commenting on the prospect of economic relations between ASEAN and Italy, Dr. Dang Xuan Thanh emphasized three issues: First, the region's response and strategic plan for economic recovery and opportunities for international cooperation; Second, the macro outlook of the ASEAN economy and finally the selection of priority areas for ASEAN economic recovery after the pandemic. Dr. emphasized: In the short term, the impacts of the Pandemic will continue to take place, seriously affecting many Southeast Asian countries, especially in terms of trade, investment and tourism. domestic demand due to social distancing and medical blockade has a huge impact on the entire ASEAN economy; The issue of strategic competition between China and the United States also creates negative impacts on the economic recovery momentum. Dr. highly appreciated ASEAN's fiscal expansion measures; green recovery strategies, the development of the digital economy in the context of the Pandemic, the priority given to the micro, small and medium enterprises sector. Especially the multilateral international cooperation efforts between ASEAN and Italy in creating impetus for the recovery of production and supply chains, and further cooperation in improving the response capacity of the health system. , the development of the vaccine, pharmaceutical and medical equipment manufacturing industries between Italy and ASEAN, promoting the improvement of research capacity and technology transfer...

Pham Vinh Ha


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