I.

Association of Southeast Asian Nations ( ASEAN)

By Mr. Hoang Van Dung, chairman of ABAC VietNam
- Etablish 8/8/1967

- 10 Nations

- Area 4.5 Million Km2

- Population 600 Millions

- GDP 1.300 Billions USD

- Total Export : 750 Billions USD

- Rich Potential Natural Resources:

Rubber ( 90% World production) , tin Vegetable oil (90%), wood product
(60%)

- Industry : Textiles, electronic, consumer goods,economic growth very fast

Asean : one of the most successful in the word

- Disadvantage : Big differents among the members : GDP Myanma : 200 USD

Indonesia : biggest in Area , Population ( 600 USD)

Singapore, Brunei : GDP head over 30.000 USD

- Trade : 1990 : 190 Billion USD => Now 750 Billion

- Investment : 2005 investment growth 17%

2017 investment growth 27%

II, Asean Economic Community ( AEC)

- Establish a common market , and production Base

- Coupatitive Area, growth, intergated in the word market.

- Develop advantages of Asean : Dynamic, highly competitive in the word =>

prosperous Asean.

- Creat favorable, free movement goods, investment, services, high skilled

labors and freer movement of capital.

- No barries for goods, service technology and high skilled labor

- Consumers in Asean have more choices for goods. Service with lower price
and better quality => trade in Asean further developed.
III, Opportunities and Challeges for VietNam
1. Opportunities
- Asean 1st trade impotant partner for VietNam
- Help VietNam Economy growth more than EU, Japan, China or USA
- Taxes : 30% trade => VAT , special taxes
- Import Cuts : Asean products are familiar and not big competitor for
local production.

2. Challeges

- Expectation : Economic growth, trade and investment not yet met.

- Export : Growth a little but import grow much higher.

- Advantages in trade commitments => Foreign partner

- Investment : increase substantially, especially in service sector. But

speculation and low quality.

- Vietnamese companies not fully understand the challenges => Not ready to
take full advantage of opportunities.

- Labor market : Not yet ready in labor movement and market.

- Ony 40% understand impacts of AEC to their business. ( Very low as compare
other members).

- SMES : Dificult to take full advantages of AEC ( Tax, customs,..)

- Competitiveness is still very low as compare with other member ( especially

SMES)

- A united market and production base – our target => long term benefit for
businesses.

THANK YOU !