Singapore is Vietnam’s important partner: Ambassador

Authorities in the central province of Quang Ngai has just approved an investment of VND48 billion (USD2.12 million) to recognise Ly Son into a global geopark. Basalt rocks along the coast of Binh Chau Commune, the central province of Quang Ngai. The province is also completing the dossier to seek UNESCO recognition as a global geopark for the site. According to the project, Ly Son Geopark would include Ly Son Island and the surrounding 40 km including Binh Chau Commune of Binh Son District and their vicinity. At a recent meeting on the compilation of a dossier for the areas, experts from the UNESCO World Heritage Committee and Vietnamese scientists said the geological conditions in the areas had significant values, making them suitable to be recognised as a geopark.  A group of five foreign experts from the UNESCO World Heritage Committee and 13 Vietnamese scientists carried out field trips to the eastern commune of Binh Chau and Ly Son Island from March 31 to April 3, where they found several sites of geological value.  Experts also said the nearby mainland area also boasts diverse geological features and should also be part of the area. They stressed, however, that alongside special geological values, Quang Ngai must meet other standards regarding conservation, community education and tourism development in order to have the areas listed as a global geopark. Speaking at the meeting with the experts last year, Le Quang Thich, vice chairman of Quang Ngai, agreed to take the scientists’ advice and…... [read more]

Trade between ASEAN and China rose from 8 billion USD in 1991 to 425 billion USD in 2016, up about 56 times within 15 years. (Photo: linkedin.com)   Beijing (VNA) – The Association of Southeast Asian Nations (ASEAN) and China should strengthen their links in trade, investment and finance, a professor from the People’s University of China (PUC) has said. Liu Ying, a professor of the PUC’s Chongyang Institute for Financial Studies, said the development of economic and trade ties between ASEAN and China will be significant to economic growth of each side in the years to come. To bring into full play their cooperation potential, Liu Ying called on ASEAN and China to intensify their connectivity in policies, infrastructure and transport as well as cyber connectivity, along with enhancing political trust. The professor highlighted the quick formation of cross-border economic cooperation areas between China and ASEAN’s neighbouring countries like Vietnam, Laos and Cambodia, saying such zones have helped with the process of industrialisation, urbanisation and informationalization in these countries. Liu Ying said both ASEAN and China should double efforts to improve their investment environment and propose more measures and policies to attract investors from the other side. At the same time, it is necessary for them to increase the flows of direct capital and boost infrastructure construction in the financial sector, Liu Ying said, urging China to provide more support for the ten-member group in the capital market and financial connectivity. …... [read more]

Liu Ying, a professor of the PUC’s Chongyang Institute for Financial Studies, said the development of economic and trade ties between ASEAN and China will be significant to economic growth of each side in the years to come. Trade between ASEAN and China is significant to economic growth of both sides. Photo: linkedin.com  To bring into full play their cooperation potential, Liu Ying called on ASEAN and China to intensify their connectivity in policies, infrastructure and transport as well as cyber connectivity, along with enhancing political trust. The professor highlighted the quick formation of cross-border economic cooperation areas between China and ASEAN’s neighboring countries like Vietnam, Laos and Cambodia, saying such zones have helped with the process of industrialization, urbanization and informationalization in these countries. Liu Ying said both ASEAN and China should double efforts to improve their investment environment and propose more measures and policies to attract investors from the other side. At the same time, it is necessary for them to increase the flows of direct capital and boost infrastructure construction in the financial sector, Liu Ying said, urging China to provide more support for the ten-member group in the capital market and financial connectivity. In the context that the US Federal Reserve Bank raises its interest rates and tightens its monetary policies, and that President Donald Trump backs trade protectionism, enhancing financial collaboration between ASEAN and China will help prevent external risks and financial crises, and stabilize…... [read more]

Prime Minister Nguyen Tan Dung paid an official visit to Italy on January 25 at the invitation of chairman of the Ministers’ Council of Italy, Romano Prodi, and the Council of the World Economic Forum (WEF). This is the first high-ranking visit of PM Dung to Italy and he is also the first Vietnamese Government leader to take part in the WEF. Therefore, the visit marks an important milestone in Vietnam-Italy relations, relations between Vietnam, the WEF and international friends as a whole. As the world’s seventh largest economy, Italy is one of the most dynamic countries in the European Union. In recent years, Italy’s economy has achieved high growth rate. In 2005 alone, the country’s GDP hit US$1,720 billion and GDP per capita reached US$28,800. Since Vietnam and Italy established diplomatic ties in 1973, relations between the two countries have been consistently positive. The visits to Vietnam by Italian Deputy Prime Minister Gianfranco Fini in 2004 and by the President of the Chamber of Deputies in early 2005, and especially the trip to Italy by chairman of the National Assembly Nguyen Van An in March 2005 are testimony to the fine relations between Vietnam and Italy. Over recent years two-way trade volume has steadily increased, from US$320 million in 1996 to 700 million euros in 2005, and up to 870 million euros in 2006. Vietnam’s imports from Italy include leather, chemicals, transportation and construction equipment, sanitary wares, medical equipment and household commodities. Its exports to Italy include footwear, coffee,…... [read more]

The visits take place at a time when the political situation in the Czech Republic has been stabilised and the economy in Poland has developed constantly. Both European countries have fostered the traditional ties of friendship with Vietnam and praised its role and prestige in the international arena. After joining the European Union (EU) in 2004, the Czech Republic and Poland have expanded ties with Vietnam through the exchange of high-level visits. In 2006, Czech President Vaclav Klaus and Speaker of the Lower House Miroslav Vlcek visited Vietnam while Polish Prime Minister Marek Belka made an official visit to the Southeast Asian country in January 2005. Economic and trade cooperation between Vietnam and the two EU member countries has grown and flourished in recent times. Vietnam and the Czech Republic signed a protocol on the inheritance of agreements which had been already signed between Vietnam and the former Czech and Slovakia, and several other agreements to create a legal framework for future cooperation. They include agreements on double tax avoidance, investment encouragement and protection, and aviation transport. Since its establishment in 1998, the Vietnam-Czech Inter-Governmental Committee for Economic and Trade Cooperation has held annual sessions to map out specific cooperation areas between the two countries. Vietnam and the Czech Republic signed an economic cooperation agreement on September 13, 2005 after having agreed to terminate the bilateral trade agreement in May 2004 following the Czech Republic’s membership of the European Union. Most recently, the two countries agreed to renew their previously…... [read more]

PM Dung is scheduled to visit the Great Britain and Northern Ireland from March 3-5, Germany from March 6-8 and Ireland from March 9-10. The European trip takes place at a time when Vietnam has constantly made important achievements during the Doi Moi (Renewal) process. The country has maintained socio-political stability, achieved high economic growth in many consecutive years, constantly expanded external relations and deeply integrated into the regional and global economies. With its WTO and UN Security Council membership, Vietnam’s prestige and position have been elevated on the world arena. The United Kingdom, Germany and Ireland are developed economies. Germany and the UK are the world’s third and sixth biggest economies respectively, while Ireland went from an underdeveloped nation in Europe and has now become an industrialised nation and a role model for other countries to follow suit. The political situation in the three countries is comparatively stable. They all want to strengthen relations with Southeast Asian countries, including Vietnam. The relations between Vietnam and the UK have developed well in recent years, particularly in economics, trade and investment. Bilateral political relations have also been strengthened through high-level visits to the UK by the then State President Tran Duc Luong in 2004 and the then Chairman of the National Assembly Nguyen Van An in 2005. Currently, the UK is the biggest European Union provider of non-refundable aid for Vietnam, standing at US$100 million a year. Two-way trade has increased constantly, reaching US$1.9 billion in 2007. The UK now ranks…... [read more]

Mr Khiem, who is also Minister of Foreign Affairs, made the remark in a recent interview granted to the Vietnam News Agency. He said that through meetings and high-level contacts, APEC has become an important channel for Vietnam to boost its ties with other regional economies and that cooperation within the 21-member forum has also helped enhance the nation’s image and position in the region. “Vietnam’s admission to APEC marked an important milestone during the course of implementation of the Party’s and the State’s foreign policy of openness, multilateralisation, diversification and integration into the world economy,” Mr Khiem said. According to the Deputy PM, since Vietnam became APEC’s official member in November 1998, the nation has made marked contributions to the forum. Vietnam has fully and responsibly participated in APEC cooperation programmes and actively joined other member economies in new areas of cooperation, such as human security, health care, education and tourism alongside traditional trade activities, he added. By sharing experiences and information, particularly with developing member economies, Vietnam has efficiently contributed to a number of areas of cooperation between APEC members, including fisheries, agriculture and the prevention of bird flu and other epidemics, the deputy PM said. The Southeast Asian nation has also participated in APEC committees for trade, investment and economics as well as its working groups regarding business travel, small- and medium-sized enterprises, health care, fight against terrorism, emergency preparedness and response. “One of Vietnam’s prominent and practical contributions to the forum was its successful organisation of…... [read more]

Vietnam attends atomic forum in Russia Local artists perform in Russia Two-way trade between the two countries hit US$3.06 billion last year, said Anatoli Vasilievich Borovik at a ceremony held in HCMC on June 8 to celebrate Russia Day (June 12). “There are on-going dialogues for the signing of agreements on forming free-trade areas between Vietnam and the Customs Union of Belarus, Kazakhstan and Russia to expand economic cooperation in a multilateral form,” said Borovik. The two countries are strengthening cooperation in the area of oil and petrol and in the construction of Vietnam’s first nuclear power plant in Ninh Thuan province. Both sides have also seen growth in education and tourism cooperation. In 2011, southern Vietnam alone welcomed more than 160,000 visitors from Russia, the Russian diplomat stressed.... [read more]

Italian businesses seek opportunities in Vietnam President of the Florence province, Andrea Barducci, affirmed the decision during his meeting with Vietnamese Ambassador to Italy Nguyen Hoang Long on June 25. During talks, Barducci and Long discussed measures to boost economic, trade and investment cooperation between the two countries and prepare activities to mark the 40th anniversary of bilateral diplomatic ties in 2013. Barducci said Florence always supports and wants to expand cooperation with Vietnam in all fields, especially in education and tourism. He affirmed that as one of fashion centres in Italy and Europe, Florence will provide scholarships for Vietnamese students in the fields of fashion and fashion design. Ambassador Long said he will closely work with Florence authorities to organize “Vietnam’s Days in Florence” successfully and a Vietnamese trade and investment office is expected to open in the province on September 16.... [read more]

The association plans to continue its reforms, expand its interpersonal diplomacy with Japan, and facilitate economic, cultural, educational, and tourism activities. The association is keen to expand its member base, encourage Japanese language study, and offer the learning materials needed for local residents to deepen their understanding of Japanese history, economics, and culture. During its past term, the Vietnam-Japan Friendship Association worked intently on promoting cooperation between the province’s friendship organisations and Japanese non-governmental organisations. It was involved in the general cooperative agreement signed between An Giang University and Saga University, supported agricultural biotechnology research, promoted trade and tourism between An Giang and Kagoshima, and dispatched delegations to investigate Japanese production models. Since An Giang’s establishment of its relations with Japan in1997,the Japan International Cooperation Agency (JICA) has assisted the province on 20 projects worthVND31 billion, spanning the fields of health, education, energy, water supply, environmental protection, and cadre rice export and processing training. The Angimex-Kitoku joint venture has worked with An Giang province for more than23 years and sponsored the province’s 2,500 farmers growing and exporting Japanese rice varieties. The congress elected a 15-member executive committee for the second term Chau Van Ly was elected Association Chairperson.... [read more]




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