ASEAN, the Association of Southeast Asian Nations, is on track to become the world’s fourth largest economic bloc by 2030. This is due to various factors, including its strategic location, high trade volume, and the adoption of digital technologies. The region’s young population is also expected to contribute to its economic growth. However, there are challenges that ASEAN needs to address, such as income disparities and the need for sustainable development. To attract more investment and achieve its goals, ASEAN must work together as a bloc and focus on green initiatives. The Regional Comprehensive Economic Policy (RCEP) and the ASEAN Taxonomy for Sustainable Finance are key tools in this effort. Vietnam, with its strong GDP growth and commitment to net-zero emissions, is expected to play a significant role in ASEAN’s economic success. However, there are concerns about the environmental impact of certain industries, such as nickel mining. Overall, ASEAN has the potential to become a major player in the global economy, but it will require a collective effort and a focus on sustainability.
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