The report gives an evaluation on financial growth in 10 ASEAN countries based on a research by the ASEAN and China. It pointed out that the bloc as well as each ASEAN member country should have their own development goals and target common sustainable development.

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The report points out that each ASEAN member country should have their own development goals and target common sustainable development. (Photo for illustration)

The combination of major financial resources is significant in helping ASEAN countries define priorities and effective development models, said the report which is entitled "ASEAN-China-UNDP Report on Financing the SDGs in ASEAN: Strengthening Integrated National Financing Frameworks to Deliver the 2030 Agenda”.

Haoliang Xu, UNDP Director for Asia-Pacific Region, held that in order to mobilize resources, regional countries should call for the engagement of international investors and monetary organizations, as well as the State-owned and private sectors. Domestic investment should account for about 22-40 percent of the total investment, he said.

Over the past years, UNDP has launched many projects in ASEAN and China on different areas such as economy, culture, society and environmental protection with an aim of achieving sustainable growth.

Speaking to the Vietnam News Agency’s correspondent in Jakarta, ASEAN Deputy Secretary-General Vongthep Arthakaivalvatee highlighted the importance of sustainable development to ASEAN.

The association has integrated the implementation of UN SDGs into its Vision 2025, with priority give to education-training, infrastructure development and promotion of strong products of each member country, he said.

Source: VNA