The Governments of Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, the Lao People’s Democratic Republic, Malaysia, the Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Thailand, and the Socialist Republic of Viet Nam;

COMMITTING to realise the ASEAN Vision 2020 and build an ASEAN Community as articulated in the Declaration of ASEAN Concord II;

DESIRING to implement expeditiously the Vientiane Action Programme (VAP) and related ASEAN action plans towards the realisation of an ASEAN Community that is open, dynamic and resilient;

RECOGNISING the necessity of providing financial resources to support the implementation of the VAP and its successor Plans;

DO HEREBY AGREE as follows:

Article I
Establishment of the ASEAN Development Fund

1. The ASEAN Development Fund (ADF) shall be established and implemented in accordance with the annexed Terms of Reference, which forms an integral part of this Agreement.

2. The initial contribution of each ASEAN Member Country to the ADF shall be one million US dollars (US$1,000,000). This initial contribution shall comprise the existing contributions of each ASEAN Member Country to the ASEAN Fund. These existing contributions of each ASEAN Member Country to the ASEAN Fund shall be transferred to the ADF upon the entry into force of this Agreement.

3. All other monies of the ASEAN Fund representing its accumulated unprogrammed earnings and its records shall also be transferred to the ADF.

Article II
Entry into Force and Termination

1. This Agreement shall enter into force on the date of signature of all the ASEAN Member Countries and shall remain in force until it is terminated by the decision of the ASEAN Foreign Ministers.

2. The entry into force of this Agreement shall automatically constitute the termination of the Agreement for the Establishment of a Fund for ASEAN, signed by the ASEAN Foreign Ministers on 23 July 1994 in Bangkok, and the transfer of all monies and records of the ASEAN Fund to the ASEAN Development Fund.

Article III
Final Provision

This Agreement shall be deposited with the Secretary-General of ASEAN who shall promptly furnish a certified copy thereof to each ASEAN Member Country.

IN WITNESS WHEREOF, the undersigned, being duly authorised by their respective Governments, have signed this Agreement.

DONE at Vientiane, Lao PDR, this Twenty-Sixth Day of July in the Year Two Thousand and Five, in a single original copy in the English language.

For Brunei Darussalam:

MOHAMED BOLKIAH
Minister of Foreign Affairs

For the Kingdom of Cambodia:

HOR NAMHONG
Deputy Prime Minister and Minister of
Foreign Affairs and International Cooperation

For the Republic of Indonesia:

DR. N. HASSAN WIRAJUDA
Minister for Foreign Affairs

For the Lao People’s Democratic Republic:

SOMSAVAT LENGSAVAD
Deputy Prime Minister and Minister of Foreign Affairs

For Malaysia:

DATO’ SERI SYED HAMID ALBAR
Minister of Foreign Affairs

For the Union of Myanmar:

NYAN WIN
Minister for Foreign Affairs

For the Republic of the Philippines:

ALBERTO G. ROMULO
Secretary of Foreign Affairs

For the Republic of Singapore:

GEORGE YONG-BOON YEO
Minister for Foreign Affairs

For the Kingdom of Thailand:

Dr. KANTATHI SUPHAMONGKHON
Minister of Foreign Affairs

For the Socialist Republic of Viet Nam:

NGUYEN DY NIEN
Minister for Foreign Affairs