Prime Minister Phạm Minh Chính Proposes 6 Solutions to Help ASEAN Businesses Grow Strongly

At the ASEAN Future Forum (AFF) 2025 held in the afternoon of February 25 in Hanoi, Prime Minister Phạm Minh Chính made six important proposals to promote the development of the region amidst global economic volatility. These solutions not only help ASEAN strengthen its strategic position but also create many opportunities for businesses to develop and expand cooperation.

Three strategic priorities of ASEAN

1. Strengthening the region's strategic autonomy

The Prime Minister emphasized that ASEAN needs to enhance internal solidarity and promote its central role on the international stage.

Maintaining balance in foreign relations will help ASEAN achieve a firm position and proactively respond to global challenges.

2. Building a resilient ASEAN economy

For sustainable growth, ASEAN needs to innovate traditional growth drivers while focusing on potential areas such as science and technology, innovation, and digital transformation.

This not only helps the regional economy develop strongly but also opens up opportunities for businesses to invest in advanced technology and access larger markets.

3. Preserving ASEAN values and identity

ASEAN needs to continue promoting the spirit of consensus, respecting differences, and cultural diversity among member countries.

This helps create a more stable, sustainable, and business-friendly environment for businesses in the region.

Three breakthrough solutions to achieve the goals

1. Enhancing flexible and effective decision-making mechanisms

   • ASEAN needs to establish specific mechanisms for important strategic initiatives, helping to accelerate implementation progress and optimize resources.

   • This will help businesses easily seize opportunities and implement important projects without being constrained by complex administrative procedures.

2. Promoting public-private partnerships

   • The government and the private sector need to work more closely in implementing key projects.

   • Removing trade barriers and developing safe digital economic infrastructure will create conditions for businesses to easily expand their operations and increase investment.

3. Promoting ASEAN regional connectivity

   • ASEAN needs to invest heavily in infrastructure, creating more favorable conditions for economic and cultural exchanges between countries.

   • Harmonizing institutions and simplifying legal procedures will help businesses easily access the regional market and maximize cooperation potential.

     
     

Businesses need to seize opportunities from this policy

Prime Minister Phạm Minh Chính's proposals bring great opportunities for businesses, especially in business support areas such as company establishment, tax, and legal consulting.

Vinex believes that increasing public-private cooperation, along with improved decision-making mechanisms, will help businesses better access resources and develop sustainably.

With Vinex's accompaniment, businesses can confidently expand their operations, take advantage of incentive policies, and ensure compliance with the law. This not only helps businesses grow strongly but also contributes to making ASEAN the world's third-largest economy with a projected GDP exceeding $10 trillion by 2030.