Prime Minister welcomes Australia's Southeast Asia Economic Strategy 2040

Prime Minister Pham Minh Chinh emphasized that ASEAN's development cannot be without the positive contributions of Australia, especially from private enterprises.

*Prime Minister Pham Minh Chinh speaks. (Photo: Duong Giang/VNA)*

On the morning of October 11, on the occasion of attending the 44th and 45th ASEAN Summits and related conferences in Vientiane (Laos), Prime Minister Pham Minh Chinh and Australian Prime Minister Anthony Albanese attended the ceremony to celebrate the first anniversary of implementing Australia's Southeast Asia Economic Strategy 2040.

Over the past year, according to Prime Minister Anthony Albanese, Australia has sent 220 business delegations to Southeast Asian countries to seek investment opportunities, established a 2 billion AUD investment support fund, thereby increasing the value of FDI in the region by over 1 billion AUD with the effective support of 3 newly established or about-to-be-established Investment Promotion Centers in Ho Chi Minh City, Jakarta and Singapore.

Australia has also provided 130 scholarships to the region, rolled out a $22.5 million Mekong Subregion Support Package and increased visa duration for ASEAN businesses from three to five years.

Speaking at the event, Prime Minister Pham Minh Chinh highly appreciated Australia's Southeast Asia Economic Strategy 2040, emphasizing that ASEAN's development cannot be without the positive contributions of Australia, especially from private enterprises.

Prime Minister Pham Minh Chinh suggested that Australia pay attention to developing balanced trade, investing in infrastructure and logistics connectivity projects, and implementing cooperation in traditional fields as well as new fields such as digital economy, green economy and innovation.

The Prime Minister also asked Australia to pay attention to expanding cooperation in education and training, labor cooperation and youth cooperation to create new breakthroughs for ASEAN-Australia economic relations in the coming years, in line with the newly established ASEAN-Australia Comprehensive Strategic Partnership in 2021./.

Source: https://kinhtedothi.vn/thu-tuong-hoan-nghenh-chien-luoc-kinh-te-dong-nam-a-2040-cua-australia.html