ASEAN
PHNOM PENH, 13 November 2022 – The Leaders of ASEAN and China welcomed the official launch of negotiations for the upgrade of the ASEAN-China Free Trade Area (ACFTA). The upgrade negotiations are meant to ensure that ACFTA contributes to the further deepening and broadening of ASEAN-China economic relations and to both region’s post-pandemic economic recovery. The announcement on the upgrade of the ACFTA was made at the 25th ASEAN-China Summit.
The ACFTA is ASEAN’s oldest FTA among its Dialogue Partners. Upgrading the ACFTA sends a signal to the private sector and all stakeholders that both ASEAN and China are committed to make the ACFTA more relevant to businesses, future-ready, and responsive to global challenges.
The upgraded ACFTA will cover areas of mutual interest, among them, digital economy, green economy, supply chain connectivity, competition, consumer protection, and Micro, Small, and Medium Enterprises (MSMEs).
China is ASEAN’s largest trading partner and the second largest source of Foreign Direct Investment (FDI). In 2021, the total merchandise trade between ASEAN and China reached US$ 669 billion, registering a year-on-year increase of 29 percent despite the lingering impact of the COVID-19 pandemic. During the same period, FDI flows from China to ASEAN amounted to US$ 13.6 billion, almost double the US$ 7.0 billion in 2020, and equivalent to 7.8 percent of total FDI flows to ASEAN.
Moving forward, the upgraded ACFTA would further support these trends and momentum.
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I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn.
I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law.
I have published many articles on national newspapers and radio stations in Việt Nam.
In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship.
Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam.
I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN.
I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net).
I study the art of leadership with many friends who are religious, business and government leaders from many countries.
In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống).
In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success".
I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.
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