Prime Minister Pham Minh Chinh attended the ASEAN+3 Summit
Bao Tram
Tuesday, Oct/28/2025 - 11:02
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(L&D) On the morning of October 27, Prime Minister Pham Minh Chinh, together with leaders of ASEAN member states, China, Japan, and the Republic of Korea, attended the 28th ASEAN+3 Summit at the Kuala Lumpur Convention Centre.
Overview of the Summit (Photo: VGP/Nhat Bac)
The Director of the ASEAN+3 Macroeconomic Research Office (AMRO) and the Chair of the East Asia Business Council (EABC) attended the Summit as guests of the Chair.
The countries noted that since its establishment in 1997, ASEAN+3 has become an important cooperation mechanism with a focus on developing regional economic, financial, and development safety networks.
The Summit acknowledged that 62% of the ASEAN+3 Work Plan for the 2023–2027 period has been implemented. The implementation of the Chiang Mai Initiative Multilateralisation (CMIM) has contributed to strengthening the regional financial safety net. The ASEAN+3 Macroeconomic Research Office (AMRO) has increasingly played an active role in supporting member countries in formulating macroeconomic stability policies. The ASEAN+3 Emergency Rice Reserve (APTERR) has become a useful instrument in promoting food security in the region.
The leaders of the ASEAN+3 countries emphasized that, in the context of continued global and regional uncertainties, ASEAN+3 cooperation needs to reaffirm its role as a main driving force in promoting cooperation, creating a favorable environment for maintaining growth momentum in East Asia, responding promptly and effectively to challenges, and enhancing resilience to shocks both within and beyond the region.
In their statements at the Summit, the leaders of China, Japan, and the Republic of Korea emphasized the theme of “Inclusiveness and Sustainability,” as well as ASEAN’s role in promoting growth and development in the region. They affirmed their commitment to supporting and assisting in the realization of the ASEAN Community Vision 2045, the implementation of the ASEAN Power Grid, and the negotiation of the ASEAN Digital Economy Framework Agreement., triển khai Lưới điện ASEAN và đàm phán Thỏa thuận khung kinh tế số ASEAN.
The countries agreed to accelerate the implementation of the ASEAN+3 Work Plan for the 2023–2027 period; to effectively implement, review, and expand the Regional Comprehensive Economic Partnership (RCEP); to continue strengthening regional financial cooperation through the Chiang Mai Initiative Multilateralisation (CMIM) and the Rapid Financing Facility (RFF); to enhance support for micro, small, and medium-sized enterprises (MSMEs); and to promote the development of a digital, green, and sustainable economy. At the same time, they stressed the need to strengthen cooperation in combating transnational crimes, border management, food and energy security, pandemic response, climate change adaptation, and natural disaster management - thereby contributing to building and nurturing inclusive and sustainable societies for future generations in the region.
At the Summit, Prime Minister Pham Minh Chinh shared the views of other leaders on the strategic value of ASEAN+3 in the context of rapidly evolving and complex geopolitical and geoeconomic developments, as well as increasing risks to the economy and development.
Prime Minister Pham Minh Chinh proposed three orientations to strengthen ASEAN+3 cooperation in the new context (Photo: VGP/Nhat Bac).
The Prime Minister expressed his hope that ASEAN+3 would become more united, more effectively connected, and more strongly innovative so as to continue fostering inclusive and sustainable development and effectively respond to external challenges and shocks.
The Prime Minister proposed three orientations to strengthen ASEAN+3 cooperation in the new context.
First, to enhance the quality of cooperation in the fields of economy, trade, and investment, as well as digital and green transformation in the region; to make effective use of the ASEAN–China Free Trade Area (ACFTA) Version 3.0, while expeditiously reviewing and upgrading the FTAs between ASEAN and Japan, and between ASEAN and the Republic of Korea; to expand the Regional Comprehensive Economic Partnership (RCEP) and link RCEP with other regions in order to diversify markets and supply chains; to promote investment in digital infrastructure and data centers; to strengthen digital trade cooperation, improve databases, enhance economic governance capacity, and support effective digitalization.
Second, to strengthen the region’s resilience and self-reliance; to implement the ASEAN+3 Emergency Rice Reserve (APTERR) and the Rapid Financing Facility (RFF) in a comprehensive and effective manner; to promote cooperation in energy security, and research and development of emergency energy reserves; to invest in climate-resilient infrastructure and establish regional early warning mechanisms for natural disasters. The Prime Minister also proposed that East Asian countries support ASEAN member states in need of developing nuclear power by facilitating technology transfer, sharing experience, providing human resource training, and ensuring nuclear safety; and suggested connecting the financial centers of ASEAN+3 countries to better attract green financial flows serving digital and green transitions in the region.
Third, to maintain solidarity and close coordination to ensure a peaceful, secure, and stable environment for development. ASEAN+3 must serve as a mechanism for maintaining unity, promoting dialogue, building trust, and advancing comprehensive, inclusive, and sustainable cooperation, thereby jointly responding effectively to common challenges in the region and the world, and cooperating to safeguard cyberspace that affects human rights and the well-being of the people in the region.
The Prime Minister emphasized that, whether regarding the Korean Peninsula, the East Sea, or any other issue, the most important factor is that countries must respect international law, the Charter of the United Nations, and the United Nations Convention on the Law of the Sea 1982 (UNCLOS); engage in frank dialogue, sincere cooperation, mutual trust and respect; settle disputes by peaceful means; and work together to shape an open, inclusive, transparent, and rules-based regional architecture with ASEAN at its center.
At the end of the Summit, the leaders of the ASEAN+3 countries adopted the Statement on Strengthening Regional Economic and Financial Cooperation.
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