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Vietnam to host 36th ASEAN Summit remotely

The 36th ASEAN Summit, being hosted by Vietnam from June 22 to 26, 2020, will take place via teleconference in light of the COVID-19 outbreak

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ASEAN, Pacific Alliance reaffirm commitment to enhance relations
the 36th ASEAN Summit, being hosted by Vietnam from June 22 to 26, 2020, will take place via teleconference in light of the COVID-19 outbreak

BANGKOK(NNT)-The Ministry of Foreign Affairs has indicated that the 36th ASEAN Summit will be the first ever to take place via teleconference, with Vietnam to host the remote gathering, set to focus on handling regional public health issues and funding to cope with COVID-19.

The Director-General of the Department of Information, and spokesman for the Ministry of Foreign Affairs, Cherdkiat Atthakor, accompanied by the Deputy Director-General of the ASEAN Affairs Department, Usana Peeranon, announced today that the 36th ASEAN Summit, being hosted by Vietnam from June 22 to 26, 2020, will take place via teleconference in light of the COVID-19 outbreak.

Vietnam, as the ASEAN Chair, is to emphasize unity in the region to respond to current challenges, and it is expected that ASEAN leaders will discuss cooperation on public health, and draft a plan for post COVID-19 rehabilitation.

Other topics to be considered include human and food security and women’s rights, so as to support economic growth. These issues are expected to result in agreements, along with the signing of documents on the development of labor potential.

The ASEAN fund for COVID-19 elimination, proposed by Thailand during a special summit of the bloc, has so far received approval from all member countries and several partners and is expected to be ratified by the upcoming summit so that funds can begin to be disbursed.

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Banking

Malaysia, Thailand banks to join the ASEAN Banking Integration Framework

Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.

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Tech

Global fashion e-tailer Shein launches new hub in Singapore

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Shein has websites for Singapore, Indonesia, Thailand, Vietnam, and the Philippines and has plans to create a standalone website for Malaysia too.

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