Vietnam becomes rotating chair of ASEAN Committee in Buenos Aires

Vietnamese Ambassador to Argentina Duong Quoc Thanh (R) succeeds Malaysian Ambassador Nur Azman Abdul Rahim to become ACBA Chair (Photo: VNA)– Vietnamese Ambassador to Argentina Duong Quoc Thanh has assumed the position of ASEAN Committee in Buenos Aires (ACBA) Chair for six months during a meeting of the committee on July 18.The Vietnamese ambassador, who succeeds Malaysian Ambassador Nur Azman Abdul Rahim, pledged to work hard to promote the achievements of the committee and make practical contributions to strengthening cooperation between ASEAN and Argentina as well as Uruguay and Paraguay where he covers.Ambassadors from ASEAN countries expressed their belief that Ambassador Thanh will successfully complete his mission in the next six months, contributing to enhancing the image and position of ASEAN members in Argentina and the region.They agreed on Vietnam’s proposals on strengthening cooperation with local authorities and businesses, organising visits to potential localities of Argentina to enhance connectivity and boost political and economic partnerships with them, meeting local scholars, experts and politicians to get better understanding of the host country, and holding a number of activities to promote the ASEAN image and connect the association and local community.The Vietnamese Embassy in Argentina will chair the celebration of the 55th anniversary of the ASEAN founding anniversary as well as exchange activities among ASEAN representative agencies in Buenos Aires such as the ASEAN Family Day, sports culinary and cultural activities to strengthen understanding and solidarity among members of the association./.

July 19, 2022 06:06 UTC

Indonesia optimistic about 5.1% growth in Q2

- President Joko Widodo has recently said he was optimistic Indonesia's economy could have expanded 5.1% in the second quarter of 2022, supported by increasing public consumption and investment amid robust investors' confidence in the country.The President underlined Indonesia's resilience in the face of rising inflation and growing global recession risks.The largest economy in Southeast Asia grew by 5.01 percent in the first quarter of this year as the country rebounded to its expansion pace before the COVID-19 pandemic.The Central Statistics Agency (BPS) of Indonesia will announce the second quarter growth result on August 5.Economic activities in the nation have returned to normal, with the number of COVID-19 cases easing. The middle class was spending again during the festive month of Ramadan and Idul Fitri, boosting households' consumption accounting for 53 percent of the country's gross domestic product (GDP).Indonesia also saw a substantial inflow of foreign direct investment in the past few quarters. This is also a good signal as investment accounts for 30 percent of its GDP.On top of that, the country has been posting trade surpluses for the 25th straight month, which Jokowi credited to his policy to push nickel and several other metals downstream industry.In another development, Coordinating Minister for Economic Affairs Airlangga Hartarto stated that Indonesia's risk to experience a recession is relatively small compared to other countries. Indonesia sees that its domestic situation is relatively good. Some countries have entered recession, but Indonesia has a very small potential for recession compared to other countries, which is only three percent, he said./.

July 19, 2022 00:48 UTC

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