09 September 2016

News Story: PM attends East Asia Summit, ASEAN+1 Summits

Vientiane (VNA) – Prime Minister Nguyen Xuan Phuc attended the ASEAN Plus One Summits with the US and India and the East Asia Summit in Vientiane, Laos, on September 8, within the framework of the 28th and 29th ASEAN Summits and related meetings. 

At the 14th ASEAN-India Summit, both sides agreed to continuously boost trade and investment towards a 200 billion USD value by 2022 from 58.7 billion USD made in 2015. 

Indian Prime Minister Narendra Modi affirmed that India gives ASEAN an important position in its Act East policy and wants to become a trusted partner of the bloc to boost peace and prosperity in the region. 

India will prioritise strengthening infrastructure connectivity, digital connectivity and people-to-people exchanges with ASEAN, he added. 

He also announced the additional provision of 50 million USD for the ASEAN-India Cooperation Fund and wanted to speed up the implementation of digital and infrastructure connectivity projects through the use of India’s 1-billion-USD credit. 

During the fourth ASEAN-US Summit, the two sides appreciated practical developments in the ASEAN-US relationship since it was lifted to a strategic partnership level in November 2015. 

ASEAN countries appreciated the role of the US – an important partner of the bloc – in building the ASEAN Community, promoting peace and security, forming the regional architecture and cooperating in addressing global challenges. 

Read the full story at VietnamPlus