Party leader meets leading Vietnamese, Myanmar firms

The four-session workshop looked into the PA as a building block of the FTAAP; the PA and its ties within the Pacific region; and contributions of the PA to the APEC in terms of micro, small and medium-sized enterprises, trade facilitation and services. Speaking with Vietnam News Agency reporters, Pyzhikov Nikita, a delegate from Russia, said the FTAAP must be a standard and transparent agreement. Participants at the workshop discussing the free Trade Area of the Asia-Pacific (FTAAP) and cooperation in trade facilitation between the Pacific Alliance (PA) and APEC member economies  “To ensure that the agreement will be transparent, we should work together in establishing a framework of this agreement,” he said, underlining the need to organize more similar events to clarify the role of each party in the realization of the FTAAP. Tang Guoquiang, International Co-Chair of the Pacific Economic Cooperation Chair, said the FTAAP plays an important role in economic development, trade and investment facilitation in Asia-Pacific, which has been affirmed in many research studies and reports. Lauding Vietnam’s rapid economic growth rate, he said Vietnam is a good example in the Asia-Pacific region. Vietnam can bring into full play its role in building the FTAAP and the country can benefit from the area, he said. As an economic community of four Latin American countries, including Chile, Colombia, Peru and Mexico, the PA has been working since 2011 to deepen the integration of these economies and to…... [read more]

A special exhibition drawing huge crowds opened today (August 25) in Ho Chi Minh City featuring Raffaello Sanzio’s iconic painting of the Madonna, reported the Vietnam News Agency. The special, historical and cultural exhibition at the Ho Chi Minh City Museum featuring Raphael'sbest works is divided into sections covering Raphael in Rome; acquisition and removal of the Sistine Madonna from Italy to Dresden; the place of the painting within literature, art, music and design and the cherubs' international career as a stand-alone artwork. From 1508, Raffaello Sanzio da Urbino, known just as Raphael lived and worked in Rome, invited by Pope Julius II and his architect for St. Peter's, Donato Bramante who was distantly related to Raphael. Working on Vatican projects and portraits, including those of his two main patrons, the popes Julius II and his successor Leo X Raphael, Raphael eventually had a workshop of fifty pupils and assistants. The Sistine Madonna is one of the last works he is known to have painted with his own hands.Commissioned as an altarpiece for the Benedictine monastery of San Sisto in Piacenza, the Sistine Madonna is one of his last works. Raphael finished it around 1513 - a few years before he died aged 37 years in 1520. Source VOV ... [read more]

Finance minister Dinh Tien Dung addresses a conference held in Tokyo on Monday. Dung expressed hope that financial corporations in Japan will invest indirectly in Viet Nam, become strategic investors, and bring capital and technologies into the country. — Photo mof.gov.vn Indirect investment from Japan into Viet Nam remain relatively modest compared to the potential of Japan and the ability to absorb investment capital sources of Vietnamese market, finance minister Dinh Tien Dung said. Dung made the statement on Monday at a conference in Tokyo co-hosted by the Viet Nam’s Ministry of Finance and Daiwa Corporation of Japan to promote financial investment in Viet Nam. Around 200 Japanese firms attended the event. There remains a huge room for bilateral cooperation in the financial market, Dung said, adding that Viet Nam’s economy has recorded an annual average growth rate of 6 per cent over the past three decades. The country’s gross domestic product (GDP) has expanded by an estimated 5.73 per cent in the first half of 2017, while its Purchasing Managers’ Index (PMI), announced by the Nikkei, has peaked in the past 22 months and is now the highest in the ASEAN, the minister said. Dung told participants that the Vietnamese Government has identified human resources development, improvement of market economy institutions, and infrastructure development as three breakthrough areas, so the country’s demand for capital is huge, especially for investment sources accompanied with expertise and development experience. Speaking about the equitisation…... [read more]

A corner of Noi Bai International Airport in Ha Noi. — VNS Photo Thanh Hai The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality. According to a regulation issued last week, the take-off and landing charge will increase by 5 per cent from October 1, 2017 to June 30, 2018, on average. It will fluctuate based on rush hours, normal hours and off-peak hours. Specifically, the charge will be raised by 15 per cent during rush hours and reduced by 15 per cent during off-peak hours. During normal hours, the take-off and landing charges will be VND698,000 (US$30.6) each time for ATR70 aircraft, more than VND1.5 million for A320 and A321, and more than VND5.8 million for A350, B787, B777 and A330. The charge will be up by 10 per cent as of July 1, 2018. Insiders said flight airfares will certainly increase following the transport ministry’s regulation, which was issued last week, because input costs are up. A representative of budget airline Vietjet Air told Vietnam News Agency that the firm had yet to determine a method to raise airfares. However, the fare would go up when charges increased. “We encourage passengers to buy tickets online directly, not through unofficial agents, to avoid buying tickets at higher prices,” representatives said. The Ministry of Transport will increase service charges at airports from October 1,…... [read more]

HCM City, August 22 (VNA) – Vietnam will work harder to raise public awareness of e-filing system in intellectual property (IP) registration, which has been put into place earlier this year by the National Office of Intellectual Property of Vietnam (NOIP), said Le Ngoc Lam, NOIP deputy head.  The system benefits both file submitters and IP agencies, Lam told Vietnam News Agency reporters on the sidelines of the 45th meeting of the Intellectual Property Experts Group (IPEG) in Ho Chi Minh City on August 22.  To intensify the e-filing system, it is necessary to ensure smooth procedures and IP agencies should make thorough preparations in order to deal with piles of dossiers, the official noted.  This is also one of the two initiatives presented by Vietnam at the IPEG meeting, together with the country’s joining of The Hague Agreement Concerning the International Registration of Industrial Designs in the coming time, Lam said.  The agreement could be useful for Vietnamese enterprises which want to register for IP rights in other countries, the official said, noting that Vietnam is making all-out efforts to ensure that the country can engage in the document without having to amend relevant domestic laws.  Since some articles of Vietnam’s Law on Intellectual Property, which has been put into operation for ten years, have not matched The Hague Agreement, Vietnam needs to raise their own voice in this regard.  Developing an e-environment which should be strong enough to accelerate Vietnam’s participation…... [read more]

An overview of the 45th meeting of the Intellectual Property Experts Group (Source: VNA) HCM City (VNA) – Vietnam will work harder to raise public awareness of e-filing system in intellectual property (IP) registration, which has been put into place earlier this year by the National Office of Intellectual Property of Vietnam (NOIP), said Le Ngoc Lam, NOIP deputy head. The system benefits both file submitters and IP agencies, Lam told Vietnam News Agency reporters on the sidelines of the 45th meeting of the Intellectual Property Experts Group (IPEG) in Ho Chi Minh City on August 22. To intensify the e-filing system, it is necessary to ensure smooth procedures and IP agencies should make thorough preparations in order to deal with piles of dossiers, the official noted. This is also one of the two initiatives presented by Vietnam at the IPEG meeting, together with the country’s joining of The Hague Agreement Concerning the International Registration of Industrial Designs in the coming time, Lam said. The agreement could be useful for Vietnamese enterprises which want to register for IP rights in other countries, the official said, noting that Vietnam is making all-out efforts to ensure that the country can engage in the document without having to amend relevant domestic laws. Since some articles of Vietnam’s Law on Intellectual Property, which has been put into operation for ten years, have not matched The Hague Agreement, Vietnam needs to raise their own voice…... [read more]

The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality. A corner of Noi Bai International Airport in Ha Noi. - VNS Photo Thanh Hai According to a regulation issued last week, the take-off and landing charge will increase by 5 per cent from October 1, 2017 to June 30, 2018, on average. It will fluctuate based on rush hours, normal hours and off-peak hours. Specifically, the charge will be raised by 15 per cent during rush hours and reduced by 15 per cent during off-peak hours. During normal hours, the take-off and landing charges will be VND698,000 (US$30.6) each time for ATR70 aircraft, more than VND1.5 million for A320 and A321, and more than VND5.8 million for A350, B787, B777 and A330. The charge will be up by 10 per cent as of July 1, 2018. Insiders said flight airfares will certainly increase following the transport ministry’s regulation, which was issued last week, because input costs are up. A representative of budget airline Vietjet Air told Vietnam News Agency that the firm had yet to determine a method to raise airfares. However, the fare would go up when charges increased. “We encourage passengers to buy tickets online directly, not through unofficial agents, to avoid buying tickets at higher prices,” representatives said. Another representative from budget airline Jetstar…... [read more]

At the event (Source: VNA)   Tokyo (VNA) – Vietnam’s Finance Ministry and Daiwa Corporation of Japan co-hosted a conference in Tokyo on August 21 to promote financial investment in Vietnam with the attendance of more than 200 Japanese firms.  Speaking at the event, Vietnamese Finance Minister Dinh Tien Dung said there remains huge room for bilateral cooperation in the financial market, adding that Vietnam’s economy has recorded an annual average growth rate of 6 percent over the past three decades. The country’s gross domestic product (GDP) expanded by an estimated 5.73 percent in the first half of 2017 while its Purchasing Managers’ Index (PMI) announced by the Nikkei has reached a high level in the past 22 months and the highest figure in ASEAN, he said. The minister told participants that the Vietnamese government defined developing human resources, improving market economy institutions and developing infrastructure as three breakthrough areas so the country’s demand for capital is huge, especially investment sources accompanied with expertise and development experiences. About the equitisation of State-owned enterprises (SOEs), Dung said 44 SOEs were equitised this year and the figure will increase to 64 in 2018. The Vietnamese government has also launched the derivatives market with VN30 future contract as the first product. Dung expressed his hope that major Japanese financial corporations would invest indirectly in Vietnam, become strategic investors and bring capital and technologies to the country. In an interview…... [read more]

In his opening remarks, Vietnamese Deputy Minister of Health Le Quang Cuong highlighted health as a critical component of economic and trade development and cooperation in the Asia-Pacific region. Investment in health is the key to inclusive and sustainable economic growth, he said, adding that better health leads to greater wealth and that will be an essential driver of long-term economic development growth.  Cuong reviewed Vietnam’s hosting of the first Health Working Group Meeting in Nha Trang city, the central province of Khanh Hoa, from February 23-24, with the theme of “Health system strengthening towards sustainable development” and five priorities. The priorities include progress on universal health coverage in APEC economies towards healthy Asia-Pacific by 2020, strengthening communicable disease control and antimicrobial resistance among APEC economies, integrated approach for promoting healthy aging and non-communicable diseases (NCDs), sustainable health care finance in the transitional period and health in all policies, and multi sectoral action to achieve health related to sustainable development goals (SDGs) 2030.  The theme and priorities were highly appreciated and endorsed by 21 APEC economies as they are issues of common interest that need to be strengthened more for all APEC economies in the coming year, he noted.  The second APEC Health Working Group Meeting will review the 2017 HWG Work Plan, and discuss priorities and indicators for healthy Asia-Pacific by 2020, as well as progress reports on approved and on-going projects of APEC economies. New HWG concept notes for…... [read more]

The 12th meeting of the Emergency Preparedness Working Group, from August 21-22, is part of the third APEC Senior Officials’ Meeting (SOM 3). Addressing the opening ceremony, Tran Quang Hoai, head of the General Department for Natural Disasters Prevention ad Control under the Ministry of Agriculture and Rural Development, said since the beginning of this year, the APEC region has faced abnormal natural disasters as well as global climate change challenges. Many types of natural disasters are posing threats to most of countries worldwide, he said, noting that such natural disasters are increasing in both frequency and intensity, causing great losses and affecting production and business activities as well as public health. Therefore, it is a must to intensify information exchange and take more drastic actions in order to minimise the occurrence of natural disasters in the region, he said. The official noted that natural disasters kill 300 people and cause losses worth more than US$1 billion each year in Vietnam, which has been listed as one of the countries worst affected by climate change. Many regions in Vietnam have faced serious riverbank and coastal landslides, and mountainous localities in the country have been hit by flooding, he said, stressing that natural disasters so far this year have left 100 people dead.  Hoai called on the APEC economies to review regulations, work together to build a common mechanism and reach consensus on emergency preparedness in the region.  During the…... [read more]




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