ASEAN businesses urged to further promote cooperation

JAKARTA — Governments and businesses from ASEAN countries needed to cooperate more closely, effectively and substantively to promote the role of businesses in promoting growth and creating breakthroughs for the bloc. Prime Minister Phạm Minh Chính delivered this statement at the 2023 ASEAN Business and Investment Summit (ASEAN BIS) which took place in Jakarta, Indonesia on Monday. PM Chính said countries should work together to improve institutions through standardising and harmonising investment and business regulations in ASEAN, simplifying procedures by digital transformation and promptly removing the businesses' problems. He added that ASEAN was also a bright spot in economic growth, with a growth rate of 5.6 per cent in 2022. Held within the framework of the ASEAN Summit, ASEAN BIS is Southeast Asia's largest annual business-related forum, with the participation of leaders of ASEAN member countries, partner countries, ministers, senior officials, policymakers and major business leaders of ASEAN and the world.