Businesses lack information about AEC

Source: Pano feed

(VOV) – The establishment of the ASEAN Economic Community (AEC) late this year will help Vietnamese businesses expand trade exchange, attract investment, speed up exports and approach larger markets.

Meanwhile, they will have to compete fiercely with rivals from ASEAN and ASEAN plus like the Republic of Korea, Japan and China. However, they have not paid due attention to ASEAN market, particularly AEC.

It is because they have less access to information about the regional economic than that of WTO and free trade agreements. Besides, local businesses just place emphasis on their traditional markets.


Rector of the Economics College under VIetnam National University, Hanoi Assoc. Prof. Dr. Nguyen Hong Son said upon joining AEC, the Government, businesses and associations should closely work together to grasp opportunities and overcome challenges.

Vietnam should continue keeping macroeconomic stability, improving business environment and supporting business development. Methods to disseminate information about AEC should also be renovated, Son added.

Đăng ký: VietNam News