Deputy Prime Minister Truong Hoa Binh addresses the 5th ASEAN Young Entrepreneurs Carnival 2020.

Mr. Binh said the forum is a testament to the adaptive initiative that has been actively promoted, helping us gradually change to adapt to the “new normal” state of the world and the region.

2020 has been really a challenging and difficult year because of the COVID-19 pandemic, natural disasters and impacts of climate change as well as the growing trend of protectionism. The socio-economic achievements of the whole community of countries that have made efforts for more than 50 years is in danger of being erased.

“In this difficult context, ASEAN must strive to perform at the same time the “dual role”, while ensuring community building and coping with the pandemic and working towards a sustainable recovery. The results achieved in ASEAN 2020 so far this year have shown that ASEAN has successfully completed this dual role,” said Deputy PM Binh.

The 5th ASEAN Young Entrepreneurs Carnival 2020 attracts a large number of participants across the region.

Mohit Mehrotra, an expert from Deloitte’s Asia-Pacific region, said that businesses, especially young ASEAN firms, must effectively take advantage of the ASEAN network and ecosystem, thereby creating a product platform, building markets and connecting companies with the same platform.

During the tenure of the Chairman of the ASEAN Young Entrepreneurs Council 2020, the Vietnam Young Entrepreneurs Association has implemented many activities such as mobilising 440,000 USD to buy 10,000 COVID-19 quick test kits and donated more than 220,000 USD for flood victims in central Vietnam and 44,000 USD to Agent Orange/dioxin victims.

The flag of rotating Chairman of ASEAN Young Entrepreneurs Council 2021 to the Brunei Young Entrepreneurs Association also took place at the carnival.