Yan Jinyong: The US-Vietnam reached a trade agreement that will not affect ASEAN s deepening cooperation

"At a certain point in time, we may need to start thinking: Do we need a set of ASEAN industrial policies? Maybe we can jointly establish ASEAN's Huawei, ASEAN's TSMC, or ASEAN's Samsung."

Liu Zhendong further took the Johor-Singapore Special Economic Zone as an example and said: "In the past, no one thought that this was possible, but we did it."

Yan Jinyong believes that in adversity, unity is more important. "Although we all face the challenge of tariffs, and tariff negotiations need to be resolved through bilateral negotiations, so does ASEAN. But we have promised at previous meetings of the Economic Ministers that we will deepen cooperation and fulfill agreements signed with each other, especially to ensure trade between ASEAN member states, will continue to be based on rules."

Vietnam reached a trade agreement with the United States. my country's Deputy Prime Minister and Minister of Trade and Industry Yan Jinyong believes that even if ASEAN countries are conducting separate bilateral negotiations with the United States, member states will continue to work to promote ASEAN cooperation and integration.

Yan Jinyong attended the 9th ASEAN Conference on Thursday (July 3), responding in this way to the host’s question whether the US-Vietnam reached a trade agreement, which would weaken ASEAN’s status.

Also participating in the conversation was Liu Zhendong, Deputy Minister of Investment, Trade and Industry of Malaysia. He believes that in the face of a multipolar world and economy in the future, ASEAN needs to think about more than an integrated market.