Vietnam-Bangladesh: Towards US$1 Billion Bilateral Trade

The second Vietnam Private Sector Forum (VPSF), chaired by Prime Minister Nguyen Xuan Phuc, is scheduled to be held on July 31 at Melia Hanoi. The first Vietnam Private Sector Forum in 2016 With the theme “From the Party Central Committee's Resolution 5 to the Action Programme of the Private Sector in Vietnam,” the forum will focus on discussions and dialogue between the government and the private sector in three key areas: agriculture, tourism, and the digital economy. Besides, trade facilitation, which is considered essential to the development of economic sectors, will be an important topic for discussion. In the framework of the forum, the signing ceremony of a memorandum of understanding (MoU) between the Vietnam Young Entrepreneurs’ Association (VYEA) and the Mekong Business Initiative (MBI) will be held to co-operate to develop the forum in the upcoming years. After the forum, the organisation board will publish VPSF’s White Book in August. This year the forum will welcome 1,000 delegates, representing the government, ministries, departments, leaders of cities and provinces, international organisations, and business associations, as well as economic experts and numerous CEOs from Vietnamese and foreign enterprises. VPSF is an initiative of VYEA and MBI, funded by the Asian Development Bank (ADB) and the Australian Government. The forum is considered a bridge between the government, public authorities, and the private sector for continuous and close consultation on public and private…... [read more]

Vietnam and Israel have agreed to strengthen their cooperation during the second meeting of the Vietnam-Israel inter-governmental committee for cooperation in economy, science, technology and other areas. Minister of Science and Technology Chu Ngoc Anh (left) and Israeli Minister of Economy and Industry Eli Cohen. The information was released by Vietnamese Minister of Science and Technology Chu Ngoc Anh, who co-chaired the meeting, during an interview with Vietnam News Agency’s correspondent in Tel Aviv, Israel, on the sidelines of the event. The two sides noted with satisfaction the already fruitful cooperation between the two countries, with two-way trade increasing significantly during 2010-2016, he said. They also began negotiations for a free trade agreement with three meetings and are preparing for the next round, he said, noting Israel has recognised Vietnam’s market economic status. Both agreed that Vietnam and Israel hold a lot of potential for cooperation as the two economies are reciprocal. At the meeting, they agreed to work together to raise bilateral trade to 3 billion USD as agreed by the two countries’ leaders and accelerate the signing of the trade deal, while seeking an agreement on labour cooperation.   The two sides also set forth measures to implement a financial protocol. Israel said the country stands ready to share its experience in launching and promoting start-ups. They also agreed on measures to step up cooperation in technology, agriculture, navigation and development. Anh said Vietnam and Israel will mark the 25th anniversary of their diplomatic ties in 2018 and…... [read more]

 Lieutenant General Phan Van Giang receiving Vice Admiral Raymond Griggs At the reception, Vice Admiral Raymond Griggs informed the host of the results of the earlier talks co-held by himself and Deputy Chief of the General Staff of the VPA, Senior Lieutenant General Pham Ngoc Minh. Highly valuing the results of the talks, the host held that the Vietnam-Australia bilateral defense cooperation has earned encouraging achievements over the past time, contributing to realizing contents of the Vietnam-Australia Memorandum of Understanding on Defense Cooperation signed in 2010 and the Vietnam-Australia Comprehensive Partnership. * Earlier in the day, Senior Lieutenant General Pham Ngoc Minh and Vice Admiral Raymond Griggs had talks at the headquarters of the Ministry of National Defense and exchanged notes on the security situation of the world and the region as well as international issues of mutual concern. The two sides agreed to maintain existing dialogue mechanisms and increase cooperation in such fields as exchange of delegations, foreign language training, capacity improvement for military medical and engineer forces to join the UN peacekeeping operations, and sharing of experience in search and rescue. They also agreed to foster consultancy and coordination within the framework of the ASEAN Defense Ministers’ Meeting Plus (ADMM+) and other multilateral forums. Translated by Huu Duong... [read more]

The information was released by Vietnamese Minister of Science and Technology Chu Ngoc Anh, who co-chaired the meeting, during an interview with Vietnam News Agency’s correspondent in Tel Aviv, Israel, on the sidelines of the event. The two sides noted with satisfaction the already fruitful cooperation between the two countries, with two-way trade increasing significantly during 2010-2016, he said. They also began negotiations for a free trade agreement with three meetings and are preparing for the next round, he said, noting Israel has recognised Vietnam’s market economic status. Both agreed that Vietnam and Israel hold a lot of potential for cooperation as the two economies are reciprocal. At the meeting, they agreed to work together to raise bilateral trade to US$3 billion as agreed by the two countries’ leaders and accelerate the signing of the trade deal, while seeking an agreement on labour cooperation.   The two sides also set forth measures to implement a financial protocol. Israel said the country stands ready to share its experience in launching and promoting start-ups. They also agreed on measures to step up cooperation in technology, agriculture, navigation and development. Anh said Vietnam and Israel will mark the 25th anniversary of their diplomatic ties in 2018 and the two sides will coordinate to implement cooperation programmes for the interests of each side. According to the minister, during his trip to Israel, the two countries’ ministries of science and technology signed a memorandum…... [read more]

Minister of Science and Technology Chu Ngoc Anh (left) and Israeli Minister of Economy and Industry Eli Cohen. (Photo: VNA) Tel Aviv (VNA) - Vietnam and Israel have agreed to strengthen their cooperation during the second meeting of the Vietnam-Israel inter-governmental committee for cooperation in economy, science, technology and other areas. The information was released by Vietnamese Minister of Science and Technology Chu Ngoc Anh, who co-chaired the meeting, during an interview with Vietnam News Agency’s correspondent in Tel Aviv, Israel, on the sidelines of the event. The two sides noted with satisfaction the already fruitful cooperation between the two countries, with two-way trade increasing significantly during 2010-2016, he said. They also began negotiations for a free trade agreement with three meetings and are preparing for the next round, he said, noting Israel has recognised Vietnam’s market economic status. Both agreed that Vietnam and Israel hold a lot of potential for cooperation as the two economies are reciprocal. At the meeting, they agreed to work together to raise bilateral trade to 3 billion USD as agreed by the two countries’ leaders and accelerate the signing of the trade deal, while seeking an agreement on labour cooperation.   The two sides also set forth measures to implement a financial protocol. Israel said the country stands ready to share its experience in launching and promoting start-ups. They also agreed on measures to step up cooperation in technology, agriculture, navigation and development. Anh said…... [read more]

The information was released by Vietnamese Minister of Science and Technology Chu Ngoc Anh, who co-chaired the meeting, during an interview with Vietnam News Agency’s correspondent in Tel Aviv, Israel, on the sidelines of the event. Minister of Science and Technology Chu Ngoc Anh (left) and Israeli Ministerof Economy and Industry Eli Cohen. The two sides noted with satisfaction the already fruitful cooperation between the two countries, with two-way trade increasing significantly during 2010-2016, he said. They also began negotiations for a free trade agreement with three meetings and are preparing for the next round, he said, noting Israel has recognized Vietnam’s market economic status. Both agreed that Vietnam and Israel hold a lot of potential for cooperation as the two economies are reciprocal. At the meeting, they agreed to work together to raise bilateral trade to 3 billion USD as agreed by the two countries’ leaders and accelerate the signing of the trade deal, while seeking an agreement on labor cooperation. The two sides also set forth measures to implement a financial protocol. Israel said the country stands ready to share its experience in launching and promoting start-ups. They also agreed on measures to step up cooperation in technology, agriculture, navigation and development. Anh said Vietnam and Israel will mark the 25th anniversary of their diplomatic ties in 2018 and the two sides will coordinate to implement cooperation programs for the interests of each side. According to…... [read more]

Prime Minister Phan Van Khai began his first official visit to Indonesia from February 22-24 at the invitation of Indonesian President Susilo Bambang Yudhoyno. The visit takes place at a time when the friendly and multi-faceted cooperative ties between Vietnam and Indonesia have seen fine developments.During the visit, the two sides will concretise the implementation of the "Declaration on the Framework of Friendly and Comprehensive Cooperation Entering the 21st Century" and seek measures to boost multi-faceted co-operation for mutual benefit, especially in the areas of economics, trade and investment to match up to the fine political relations between the two countries.The two countries signed the "Declaration on the Framework of Friendly and Comprehensive Cooperation Entering the 21st Century" during President Megawati Sukarnoputri’s visit to Vietnam in June 2003. The framework is considered an important legal foundation for further promoting all-round cooperation between Vietnam and Indonesia.During President Susilo Bambang Yudhoyno’s visit to Vietnam in May 2005, the two countries agreed to turn bilateral relations into strategic partnership in the region. President Susilo affirmed that Indonesia wants its ties with Vietnam to become "an important pillar" of relationship in Southeast Asia.The Foreign Ministries of Vietnam and Indonesia held their first Senior Officials’ Meeting (SOM) on August 13-14, 2005, to issue a memorandum of understanding on bilateral consultation. They discussed the establishment of a ministerial-level consultative mechanism for strategic issues and agreed to accelerate discussions for the signing of a Plan of Action as early as possible to implement the "Declaration on the…... [read more]

Party General Secretary Nong Duc Manh begins his official friendship visit to Laos on October 10, at the invitation of General Secretary of the Lao People’s Revolutionary Party (LPRP) and State President of the Lao People’s Democratic Republic Choummaly Sayasone. The second visit to Laos by Mr Manh within one and a half year is another vivid manifestation of the time-honoured friendship and solidarity between the two Parties, the two States and the two peoples, showing the Vietnamese Party and State’s consistent policy of attaching great importance to the consolidation and strengthening of traditional friendship, special solidarity and comprehensive cooperation between the two countries in the new situation. The regular meetings and contacts between the two countries’ senior leaders, ministries and sectors for many years have become a fine tradition that helps promote mutual understanding and solidarity between the two countries and create new opportunities for bilateral cooperation. Based on the orientations set by the two countries’ senior leaders, all-round cooperation between Vietnam and Laos has strongly developed in all fields. Currently, the two sides are focused on increasing the efficiency of key cooperation programmes in the 2006-2010 period, especially in energy, mineral exploitation, transport and industrial crop growing. In the past eight months, the two sides have carried out a project to build Xekaman 3 hydro-electric-power plant, signed a memorandum of understanding on building Xekaman 1 hydro-electronic power plant, inaugurated a 111 km-long section of highway 18B stretching from the central highlands region of Vietnam to southern Laos and…... [read more]

Prime Minister Nguyen Tan Dung and his entourage have successfully concluded their official visits to Cambodia, Laos and Thailand. Of great significance during Mr Dung’s engagements was the presence of the PMs of Vietnam, Laos and Thailand at the inauguration of Friendship II Bridge spanning the MekongRiver which links Thailand and Laos. The Bridge has opened the East-West Economic Corridor, linking Thailand’s north-eastern provinces and Laos’s central region with Vietnam’s central provinces, adding fresh impetus to tourism and trade activities in the economic corridor. For instance, Thailand’s 19 north-eastern provinces will have greater opportunities to export key agricultural products through the Da Nang seaport more easily and rapidly. Immediately after the inauguration ceremony, a caravan of hundreds of touring cars from Thailand went through Huu Nghi II Bridge for the first time to visit cultural heritage sites in central Laos. They then passed through central Quang Tri province’s Lao Bao border gate to visit Hue, Da Nang and the ancient town of Hoi An. The caravan returned to Laos via Kon Tum province’s Bo Y border gate. During their talks, Vietnamese Prime Minister Nguyen Tan Dung, Lao Prime Minister Bouasone Bouphavanh and Thai Prime MinisterSurayud Chulanont affirmed determination to promote closer cooperation in all areas and accelerate the implementation of projects in the East-West corridor for the sake of the development and prosperity of each country. During his visits to Cambodia, Laos and Thailand, PM Dung was given a warm welcome by each country’s leaders and people. At the welcoming…... [read more]

It will be Mr Hu’s reciprocal visit to Vietnam following the successful visit to China by General Secretary of the Communist Party of Vietnam Nong Duc Manh in August 2006. During Mr Manh’s visit, the two countries’ leaders affirmed their high political determination to strengthen and develop the friendship and comprehensive cooperation between Vietnam and China under the motto of “friendly neighbourliness, comprehensive co-operation, long-lasting stability and future-oriented thinking” and in the spirit of “good neighbours, good friends, good comrades and good partners”, considering the Vietnam-China relationship the invaluable asset of the two countries’ people which needs to be preserved and developed. They pledged to do their utmost to bring this relationship to a new height and agreed to support each other in the Doi Moi (Renewal) process, open-door policy and socialist construction in their respective countries for the sake of peace, stability, cooperation and development in the region and the world. Over the past years, the two countries have maintained high-level visit exchanges and talks. In addition to Party leader Manh’s visit to China in August 2006, Prime Minister Nguyen Tan Dung met Chinese Premier Wen Jiabao while attending the sixth Asia-Europe Meeting (ASEM) in Finland in September 2006 and the China-ASEAN summit in Nanning, China, in October 2006. Party leader and State President Hu Jintao will make a reciprocal visit to Vietnam this month while attending the 14th APEC summit in Hanoi scheduled for November 12-19. The visit will take place at a time when the friendship, neighbourliness…... [read more]




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