The working group meeting of the Network of ASEAN-China Think-Tanks was held in Da Nang, Vietnam, to discuss ASEAN-China collaboration on industrial and supply chains. The meeting addressed the challenges faced by ASEAN and China, including the increasing fragmentation of the global economy, climate change, environmental degradation, and the influence of emerging technologies. China's trade volume with ASEAN has increased nearly 12 times since 2003, making ASEAN China's largest trading partner. China is also ASEAN's largest source of imports and the third largest source of foreign direct investment (FDI) in the region. Vietnam is actively implementing projects to promote hi-tech, innovation, research and development, and the growth of the digital economy, green economy, and circular economy. Da Nang aims to become an important node in the supply chain network between ASEAN and China by leveraging its geographical position and connectivity. The city is building the Lien Chieu Port to serve as the gateway port for the logistics service supply chain to ASEAN and Asia-Pacific countries. The National Assembly of Vietnam has passed a resolution allowing Da Nang to establish a free trade zone to attract investment, trade, and logistics. The meeting also discussed new trends in shifting industrial chains and global supply chains and assessed their impacts on the economies of China and ASEAN countries. [1e68859c]