ASEAN looks to boost investment

Ha Noi — The ASEAN Business and Investment Summit (ASEAN-BIS) will run from October 26-28 in Ha Noi.

This year's theme will be "Towards the ASEAN Community: From Vision to Action".

The event is expected to attract between 800 and 1,000 delegates, including government officials, policy-makers, economists and business leaders from around the world.

ASEAN-BIS, organised by the ASEAN Business Advisory Council (ASEAN-BAC), will be held on the sidelines of the ASEAN Summit.

The event was designed to build ASEAN into an open, dynamic and prosperous community and served as a dialogue forum for the public and private sectors to propose measures to facilitate and promote ASEAN economic initiatives, Doan Duy Khuong, ASEAN-BAC chairman, said at a press briefing in Ha Noi yesterday.

Within the ASEAN-BIS framework, a series of dialogues would be held with strategic regional partners, such as Australia, New Zealand, China, India, Japan, South Korea and Russia, he added.

The dialogues would mark an important period in the process of maintaining and promoting long-term sustainable co-operation between ASEAN and its strategic partners, Khuong said.

During the summit, the 2010 ASEAN Business Awards will be held. — VNS

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President expects more US investment in ASEAN

Vietnamese State President Nguyen Minh Triet said he expected US
businesses to continue to boost investment in ASEAN, a stable region
with high economic growth and a great potential for development.

Addressing a working session between ASEAN leaders and the US-ASEAN
Business Council in New York on Sept. 24, President Triet spoke
highly of US groups’ intention to pour more investment into ASEAN.

During the upcoming summit in Hanoi in October, ASEAN members will
discuss ways to strengthen the connectivity of large-scale projects to
move closer to the establishment of the ASEAN Economic Community by
2015, which is expected to offer more chances for US investors to boost
investment and increase trade in a large and promising market, he said.

In his speech, US Assistant Secretary of State for East
Asian and Pacific Affairs Kurt Campbell reiterated the US policy of
expanding its ties with ASEAN.

Bilateral trade between ASEAN and the US has reached more than 200 billion USD a year.

ASEAN is now the US’s fifth largest trade partner and fourth largest export market./.

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