The issue was analyzed at the 2023 Ministerial Forum, organized by Vietnam and Australia in their capacity as co-chairs of the OECD Southeast Asia Regional Programme.

Vietnamese Deputy Prime Minister Tran Luu Quang said on Thursday, that although Southeast Asia has many advantages in attracting foreign direct investment, it also faces a series of challenges, especially in attracting financing for sustainable and quality projects.

The functionary touched on what she considers key directions to promote greater investment collaboration between the two regions, citing among them, the promotion of policy consulting, technical support, and the exchange of experiences in institution-building.

“It is essential to create reasons to promote cooperation in emerging and key fields such as energy transition, green growth, the digital economy, the circular economy and eco-agriculture,” she stressed, insisting that interested parties should come together to create platforms for sustainable and quality investment in the region. She also called for relentlessly consolidating a peaceful and stable environment as an important factor in stimulating cooperation.

The Secretary General of the OECD, Mathias Cormamn, agreed with other attending heads of delegations, in reaffirming the strategic importance of the Southeast Asia region in the global policy of the OECD.

According to the VNA news agency, the OECD and Southeast Asia are committed to supporting nations in the region to boost inclusive, sustainable, and quality investment, and promote the green transition and digital transformation for inclusive and sustainable development.

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