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CLMV and ACMECS summits underway

Released at: 09:24, 26/10/2016

CLMV and ACMECS summits underway

Photos: VGP

Summits and related meetings held on October 26 in Hanoi.

by Nghi Do

The 8th Cambodia-Laos-Myanmar-Vietnam Summit (CLMV-8), the 7th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy Summit (ACMECS-7), and the World Economic Forum on Mekong (WEF-Mekong) is being held in Hanoi on October 26.

Under the theme “Towards a Dynamic and Prosperous Mekong Sub-region: Seizing Opportunities, Shaping the Future”, the first two summits will provide an opportunity for leaders to review the implementation of approved action plans and agree on measures to sharpen the competitiveness of member countries, accelerate regional integration, and cope with common challenges for future peace and prosperity in the Mekong sub-region, including Vietnam, Laos, Cambodia, Thailand and Myanmar.

The Mekong sub-region possesses advantages in human resources, geographic location and consumer markets and has the capacity to become a Southeast Asian production-consumption center and bridge in the Asian region. The sub-region has intra-region cooperation mechanisms and major partners such as the US, Japan, South Korea, India, China and the EU.

CLMV-8 will focus on opportunities and challenges for the economic development of the four countries and measures to boost their cooperation in improving competitiveness and promoting regional integration.

Meanwhile, ACMECS-7 will discuss stepping up cooperation among ACMECS member countries for sustainable development and narrowing development gaps in the Mekong sub-region.

ACMECS cooperation focuses on eight fields: trade and investment, agriculture, industry and energy, transportation, tourism, human resources, health, and the environment.

Leaders discussed boosting cooperation and addressing difficulties in implementing joint projects and working with the ASEAN Secretariat on how to mobilize resources for cooperation projects among the countries at a preparation meeting for the CLMV and ACMECS on October 24.

Officials agreed on recommendations to expand trade and investment links among the countries towards facilitating the exchange of goods and services in the region, developing transnational economic corridors, improving the productivity and competitiveness of workforces, and managing and developing common water resources in the greater Mekong region in a sustainable manner.

With the determination and effort of member countries the CLMV-8 and ACMECS-7 summits will open up a new chapter in Mekong region cooperation and contribute to sustainable development and prosperity.

The WEF-Mekong will also be held for the first time alongside the ACMECS and CLMV summits to promote the Mekong sub-region’s potential to the international business community. WEF-Mekong will bring about new creative ideas and cooperation opportunities between the world’s leading corporations and prestigious businesses in the region, contributing to attracting investment in infrastructure and human resources development and enhancing connectivity in the Mekong region.

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