2010 ASEAN BUSINESS AND INVESTMENT SUMMIT
26-28 October 2010, National Convention Center My Dinh, Hanoi, Vietnam
Government Office | Ministry of Foreign Affairs | Ministry of Industry and Trade
The annual ASEAN Business and Investment Summit (ASEAN-BIS) was held at the sideline of the 17th ASEAN Summit on 26-28 October at the National Convention Center My Dinh, Hanoi, Vietnam. This year, the Business and Investment Summit highlighted the progress of the Common Effective Preferential Tariff (CEPT)
for ASEAN Free Trade Area (AFTA) which has been eliminated for intra-ASEAN trade activities. The 2010 ASEAN-BIS comprised of interactive sessions that promoted ASEAN’s integration into the global economy and addressed the many aspects of ASEAN’s free trade agreements, comprehensive partnership (CEP) agreements, and other agreements with dialogue and major trading partners.
Conducted since 2003, the 2010 ASEAN-BIS in Hanoi continued to provide the platform for knowledge exchange and relations network among stakeholders of ASEAN. The event was successful in attracting more than 1,000 people, many of whom were prominent ASEAN dignitaries, regional and global businessmen, academicians and policy-makers throughout the two-day event. Participants discussed the future of ASEAN Economic Community, ASEAN competitiveness and sustainable development, and small- and medium-sized enterprises (SMEs) and micro-enterprises being ASEAN’s growth engines. Dialogue Partners such as China, India, Japan, the Republic of Korea and New Zealand, will also brief the participants on the progress and potentials of ASEAN’s FTAs with those countries.
In his Keynote Address, the Secretary-General of ASEAN, Dr Surin Pitsuwan, said business which recognizes ASEAN’s connectivity and potential will be the winners. “Enterprises which bank on ASEAN as a well-connected region will benefit from ASEAN’s role as an integrated business and investment hub,” he said. He further stated that, “We are more integrated than we think we are. We should not underestimate ASEAN’s clear capability to be a regional and international business hub”.
The Prime Minister of the Socialist Republic of Viet Nam, H.E. Nguyen Tan Dung, who officially opened the event, said a better connected ASEAN region will benefit both businesses and consumers, and that the former should capitalize on the various government policies that encourage business development. “Enterprises will benefit from greater efficiency ofthe economy, while consumers will have a wider range of choices. Enterprises should make the most of the opportunities offered by policy programmes established by ASEAN governments to enhance connectivity, boost trade and investment activities, including Public-Private Partnerships,” urged the Prime Minister.
One of the lime lights of the 2010 ASEAN-BIS was the winners ’announcement of the prestigious ASEAN. Business Awards (ABA) to recognize the “Most Admired ASEAN Enterprises”. Both initiatives have congregated the private and public sector organizations, government representatives and captains of industry from within and outside ASEAN to achieve the common mission of the ASEAN Economic Community (AEC).
ASEAN-BAC together with its co-organizer and supporting organizations closely coordinated with the respective national chambers of commerce and industry of member countries in the realization of the event. ASEAN-BAC organizes the annual ASEAN-BIS alongside the annual ASEAN Summits, given with the mandate to bring the private sector into the mainstream of ASEAN economic activities.
The Chairman of ASEAN-BAC and 2010 ASEAN-BIS Committee is Dr. Doan Duy Khuong, who is also the Vice President of the Vietnam Chamberof Commerce and Industry (VCCI).