Contributions Vietnam made to the 8th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy Summit (ACMECS 8) and 9th Cambodia-Laos-Myanmar-Vietnam Summit (CLMV 9) once again affirm its sense of responsibility for and activeness in joining regional cooperation frameworks, thus helping promote comprehensive and sustainable development in the Mekong Sub-region.
The two summits took place in the context that the two mechanisms go through 15 years and are facing both opportunities and challenges, he said, adding that the participating leaders stressed the need for Mekong nations to intensify connectivity and boost integration to bring into full play the region’s strength of geo-political position and market potential.
The leaders agreed to pass important documents giving orientations for development of the two mechanisms in the time to come. The joint declarations of the summits affirmed member states’ resolve to build a Mekong sub-region of peace, inclusive and sustainable development, and prosperity.
The summit also discussed Thailand’s initiative on establishing the ACMECS Fund and ACMECS Infrastructure Fund and Trust as a financing mechanism for cooperation projects in the region. The funds aim to support the implementation of proritised projects in ACMECS member countries.
In addition, the leaders also reached a high consensus on tightening collaboration between ACMECS and CLMV and development partners, as well as coordinating closely with the ASEAN Secretariat to effectively mobilise resources for regional development.
This ACMECS Summit also stressed the role of the business community inside and outside the region. This was the first time the ACMECS CEO Forum and the dialogue between ACMECS country leaders and CEOs of leading companies in the region had been held, which showed that the private sector would be an important partner of ACMECS cooperation in the coming time, Son added.