In the new era，under the new development pattern of “dual cycles”，Shandong should seize new opportunities，propose new ideas，make new arrangements，and achieve new breakthroughs in foreign investment cooperation. For a long time，Shandong Province has persisted in leveraging its advantages in opening up to the world，actively advancing its development strategy and policy alignment with ASEAN，and has continuously made new achievements in two-way investment cooperation with ASEAN. In recent years，the scale and growth rate of the two-way investment between Shandong and ASEAN have maintained a relatively high level. Recently，Shandong Province has made full use of the construction of the platform and actively held promotion activities. The investments between Shandong and ASEAN has progressed smoothly and achieved remarkable results. The signing of a series of free trade and investment agreements has brought new investment opportunities for Shandong，and a new round of technological revolution has also brought new impetus for Shandong to expand its international investment market. However，in the face of the complex and changeable international political and economic situation，the deepening of Shandong and ASEAN have many difficulties and challenges. There are still problems in the international investment cooperation between Shandong and ASEAN，such as the potential for foreign investment cooperation shall be actively stimulated and the partners shall be diversified. Regarding the issues above，Shandong should firstly stimulate new vitality in international investment cooperation and empower new areas of investment cooperation. Secondly，Shandong should promote institutional openness and form a new system that is integrated with international investment rules. Thirdly，Shandong Province should create a good business environment，promote the international investment facilitation and liberalization. Fourthly，Shandong should reduce the investment imbalances and promote the diversified development of foreign investment cooperation. At last，the government should actively explore large platforms for multilateral and bilateral investment cooperation.