The 2026 Germany-Vietnam Business Forum commenced on June 11 in Ho Chi Minh City, Vietnam. Co-organised by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and the German Business Association (GBA), the bilateral meeting focused extensively on the theme “Circular Economy in Manufacturing”.
Category: Economy
Indonesia expands barter trade to curb US dollar reliance
Speaking on June 9 after an exclusive coordination meeting on food commodity price developments, Trade Minister Budi Santoso informed reporters that the government is preparing a new barter mechanism that is expected to help ease the demand for greenbacks and preserve foreign exchange reserves, as trade will not be conducted using American currency.
Vietnam calls for a harmonised fintech ecosystem during 2026 ASEAN Future Forum
Hanoi is currently hosting the 2026 ASEAN Future Forum (AFF) until June 10, gathering government leaders, business delegates as well as, for the first time, political parties and local authorities from across the Southeast Asia region to discuss actionable recommendations for the ASEAN Community Vision 2045.
ASEAN-South Korea to upgrade FTA with focus on digital trade and critical minerals
On June 8, ASEAN and South Korea officially launched full-scale negotiations to upgrade their 20-year-old free trade agreement (FTA).
Luzon Economic Corridor tops Philippine-US bilateral talks
On June 5, the Philippines’ Secretary of Foreign Affairs Theresa Lazaro met with US Secretary of State Marco Rubio in Washington D.C. on the sidelines of the commemoration of the 80th year of Philippine-US diplomatic relations.
Malaysia debuts TVET 2.0 and new talent placement platform, targeting 100,000 jobs by 2027
On June 6, Malaysia’s Prime Minister Anwar Ibrahim delivered a keynote speech to officiate the National TVET Day as he debuted the Technical and Vocational Education and Training (TVET) 2.0 initiative with a pledge of 50 million Malaysian ringgit (12.4 million US dollar) in funding.
IAI kicks off Work Plan V with fresh focus on Timor-Leste
On June 5, the Initiative for ASEAN Integration (IAI) Task Force convened its 79th meeting at the ASEAN Headquarters in Jakarta. IAI Task Force 2026 Chairperson and Permanent Representative of Cambodia to ASEAN, Noy Choumneanh chaired the gathering.
Malaysia builds a chip industry but may lack the workers to run it
Malaysia is trying to climb the semiconductor value chain to become a highly lucrative Integrated Circuit (IC) design and wafer fabrication hub, leaving behind its conventional Assembly, Testing and Packaging (ATP) branding.
ASEAN Energy Security Must Be Driven by Member States’ National Self-Interest
For some time, a question has hung in the air about how ASEAN would be able to translate its political commitment into implementation. The top-down approach may never fit the “ASEAN way” of doing things. By its institutional nature, ASEAN’s energy security and speed of energy transition will largely depend on the national self-interest of its member states.
ASEAN+3 economies face rising inflation in 2026
On June 2, the ASEAN+3 Macroeconomic Research Office (AMRO) published its second quarterly report of 2026, highlighting the region’s steady growth forecast at 4% as well as revised upward inflation projection to 1.8% from 1.4% this year.