Prime Minister: Vietnam seriously implements the Regional Comprehensive Economic Partnership Agreement

(Chinhphu.vn) - Within the framework of the 47th ASEAN Summit and related summits taking place in Kuala Lumpur, Malaysia, on October 27, Prime Minister Pham Minh Chinh and leaders of ASEAN countries and partners (Australia, New Zealand, Japan, South Korea, China) attended the 5th Regional Comprehensive Economic Partnership (RCEP) Summit chaired by Malaysian Prime Minister Anwar Ibrahim (ASEAN Chair 2025).

Prime Minister: Vietnam is seriously implementing the Regional Comprehensive Economic Partnership Agreement - Photo: VGP/Nhat Bac

This is the first RCEP Summit since the RCEP Agreement was signed in November 2020 (Vietnam's ASEAN Chairmanship year 2020) and fully entered into force on June 2, 2023. It aims to provide an opportunity for leaders to exchange views on the global economic situation and regional cooperation within the framework of the Agreement, discuss strategic directions for the next phase to enhance the full and effective implementation of the Agreement, promote the process of admitting new members, and prepare for a comprehensive review of the RCEP Agreement in 2027.

Speaking at the Conference, Prime Minister Pham Minh Chinh welcomed and highly appreciated the efforts of Malaysia, the ASEAN Chair in 2025, and other member countries in organizing this significant Summit, emphasizing that the organization of the Conference demonstrates the strong commitment of RCEP member countries to promoting deeper and more substantive regional integration, thereby helping economies effectively respond to emerging challenges.

The Prime Minister also emphasized the role of the RCEP Agreement in the economic development of the Asia-Pacific region, the clear benefits it brings to regional trade, investment, and supply chains, creating a foundation for member countries to develop sustainably and enhance their competitiveness.

The Prime Minister affirmed that Vietnam supports and will continue to seriously and fully implement its commitments under the RCEP Agreement, while proactively and actively coordinating with members to expand and improve the quality of cooperation within the RCEP framework.

The Prime Minister also affirmed that Vietnam values ​​the RCEP Agreement, considering it a "bridge" that helps economies of different levels of development share benefits, develop independently, and move towards common prosperity.

The Prime Minister stated that Vietnam has always supported the multilateral trading system, considering the WTO as a pillar of a fair, transparent, and mutually beneficial trade order, and is ready to participate in the WTO reform process.

The conference concluded successfully and adopted the Leaders' Joint Statement on the RCEP Agreement, which affirmed the countries' support for ASEAN's central role and their commitment to promoting open, inclusive, mutually beneficial, and future-oriented regional economic integration.

The joint statement also reaffirmed the strong commitment of RCEP member countries to the multilateral trading system with the WTO as its foundation, which is open, transparent, fair, and rules-based, ensuring predictability and non-discrimination among trading partners. It also affirmed the central role of the RCEP in promoting regional economic integration, strengthening resilience and sustainable growth, especially in the context of a volatile and uncertain global economy.

Ha Van

Source: https://baochinhphu.vn/thu-tuong-viet-nam-thuc-thi-nghiem-tuc-hiep-dinh-doi-tac-kinh-te-toan-dien-khu-vuc-102251027142704012.htm