The event was part of the 55th ASEAN Economic Ministers’ Meeting (AEM 55) and related meetings from August 17-22.     

Minister of Industry and Trade Nguyen Hong Dien attends the event. 

Speaking at the event, Minister Dien thanked Cambodia, Laos and Myanmar for actively joining activities hosted by Vietnam during 2022 and the past months of 2023, including the Vietnam Expo, the Vietnam Foodexpo, fairs held in Laos and Cambodia, and scholarships granted by Vietnam.

Regarding the CLMV Action Plan for the 2023-2024 period, the Vietnamese delegation committed further support to stalls of Cambodia, Laos and Myanmar at major international fairs and exhibitions organized by Vietnam, he said, adding scholarship programs for students from Cambodia, Laos, and Myanmar will also continue.

The Vietnamese side proposed that the CLMV countries enhance cooperation to facilitate trade, remove barriers to lift trade volume among regional countries. They were urged to offer mutual support to effectively implement the Free Trade Agreements (FTAs) of which they are members, contributing to strengthening regional supply chains and supporting the development of the business community.

Delegates at the event discussed reports on the economic, trade, and investment situations of the four countries, the completion of the CLMV Action Plan for the 2021-2022 period, the progress of the CLMV Action Plan for the 2023-2024 period, as well as updates on the implementation of the Action Plan for the CLMV Development Framework and a project regarding the workshop on the socialization of the implementation of the Action Plan for CLMV Development Framework, and other important issues.

A joint statement was also adopted at the event.

Initiated by Vietnam, the CLMV EMM mechanism was established in August 2010 with an aim to further nurture economic and trade relations among the CLMV countries, and closer coordination at regional, sub-regional, and international forums; fully leverage the potential of each country, narrow the development gap between the four CLMV nations and the rest of the ASEAN region and the world; and expedite the implementation of agreements reached at the CLMV Summits.

Source: VNA