Vietnam approves 4th protocol amending ASEAN investment deal

  •  Saturday, February 20, 2021

The Vietnamese Government has issued a resolution approving the fourth Protocol to amend the ASEAN Comprehensive Investment Agreement (ACIA) signed on July 15, 2020.

Flags of ASEAN and its member States
Flags of ASEAN and its member States

The Vietnamese Government has issued a resolution approving the fourth Protocol to amend the ASEAN Comprehensive Investment Agreement (ACIA) signed on July 15, 2020.

The Government assigned the Ministry of Planning and Investment to chair and coordinate with relevant ministries and offices to carry out the protocol. Meanwhile, the Ministry of Foreign Affairs is tasked with conducting external procedures as regulated.

The ACIA was inked on February 26, 2009 and became effective on March 29, 2012 with the aim of promoting the building of a free, open and transparent investment area in ASEAN to achieve the goal of establishing the ASEAN Economic Community in 2015.

It focuses on Investment Liberalisation, Investment Protection, Investment Facilitation and Investment Promotion.

Since 2012, ASEAN member states have signed four protocols amending the agreements.

The fourth protocol aims at promoting regional integration and attracting more foreign investors.

VNA

Other news
Leaders of Yen Bai Province and Yen Binh District take part in concretizing rural roads in My Gia Commune, Yen Binh District.

As part of the implementation of the Rural Transport Development Scheme in Yen Bai Province for the 2021–2025 period, various levels of government, departments, and localities have actively coordinated efforts and integrated multiple funding sources to invest in the development of the rural transport system.

Students of the Yên Bình District Ethnic Boarding Secondary School perform a cultural art program rich in the Tay ethnic group's cultural identity.

In recent years, Yen Bai Province has prioritized the development of education and training in ethnic minority and mountainous areas with the aim of raising intellectual standards, nurturing talent, promoting socio-economic development, and reducing poverty. As of now, nearly 40% of ethnic minority students across the province are benefiting from educational support policies through boarding and semi-boarding schools.

Women in Mu Cang Chai district have more opportunities and jobs thanks to vocational training in sewing.

By 2025, the mountainous district of Mu Cang Chai (MCC) aims to increase the percentage of its workforce with vocational training to 58%, focusing particularly on agriculture and tourism services.

Militia members of Cuong Thinh Commune, Tran Yen District participate in a rural road lighting project.

As part of the implementation of the 2021–2025 National Target Programs (NTPs), Tran Yen District has disbursed over VND 70 billion as of the end of March 2025. Of this amount, nearly VND 56 billion came from the central government budget, while more than VND 13.5 billion was sourced from the local budget.

News by days:
In: This category All categories