19:34 | 21/04/2018 VGP – PM Nguyen Xuan Phuc had a working session with his Economic Advisory Group on Friday to seek the team’s ideas about new impetus for the economy. Overview of the working session. Photo: VGP The session was also attended by leaders of the Ministry of Planning and Investment, Ministry of Industry and Trade, Ministry of Finance, State Bank of Viet Nam, Government Office, and Committee for State Capital Management invested at enterprises. According to team leader Vu Viet Ngoan, economic growth over the past time was mainly fueled by the Government’s comprehensive reform efforts featuring with drastic and clear directions and solutions and strict supervision. A number of specific policies detailing the orientation of considering private economy as a major impetus of the economy have started to produce initial outcomes, Ngoan said. He added macroeconomic policies have been regulated flexibly and closely coordinated. Pundits, however, … [Read more...]
PM hails Samsung’s presence in Viet Nam
07:28 | 21/04/2018 VGP – PM Nguyen Xuan Phuc affirmed the Vietnamese Government will continiue creating most favorable conditions for Samsung’s operations in Viet Nam at his reception for President and CEO of the Republic of Korea (RoK)’s Samsung Electronics Co., Ltd Dongjin Koh on April 20. PM Nguyen Xuan Phuc (R) receives President and CEO of the Republic of Korea (RoK)’s Samsung Electronics Co., Ltd Dongjin Koh at the Government Office in Ha Noi on April 20, 2018. Photo: VGP The Government chief hailed Samsung’s contributions to Viet Nam’s economic development, saying he is proud of Samsung’s presence in Viet Nam, which has turned the Southeast Asian nation into one of the world’s leading cellphone production centers. The Vietnamese Government highly valued the RoK’s investors, especially Samsung to maintain their status as the largest investors in Viet Nam over the past years, contributing to the Viet Nam-RoK … [Read more...]
Miguel Diaz-Canel selected as next President of Cuba
President of Cuba’s Council of State and Council of Ministers Miguel Diaz-Canel Bermudez (Photo: VNA)With 603 votes or 99.86 percent of the votes, Mr. Miguel Diaz-Canel Bermudez was elected as President of the Council of State and Council of Ministers by the ninth President of Cuba’s National Assembly of People’s Power (NAPP) for the next five years.Mr. Diaz-Canel, 58, has served as Vice President of the powerful Council of State since 2013, when he was appointed by party leadership and approved by the National Assembly. Mr. Diaz-Canel will succeed current President Raul Castro, the brother of revolutionary Fidel Castro and a symbol of the country's 1959 transition from an authoritarian government to a communist state.Mr. Raul Castro, the 86-year-old Head of the country’s Council of State and Cabinet has been ruling Cuba since 2008, succeeding his brother Fidel Castro. In 2013, he began his second tenure and promised that he … [Read more...]
Chinese President Xi Jinping calls to UK PM Theresa May
Chinese President Xi Jinping and UK PM Theresa May (Source: Getty Images)During the call, the two leaders agreed to further promote the “Golden Era” of bilateral ties between the two sides, adding that China was pushing for more cooperation with the UK under the framework of the Belt and Road Initiative, Xinhua reported. President Xi went on to say that as permanent members of the UN Security Council, China and the UK should work together to build a new international relationship on the basis of mutual respect, justice and win-win cooperation. He said both countries were supporters of globalization, and that China was willing to work with the UK to support free trade and multi-lateralism. According to China’s state media, President Xi also told PM Theresa May that there needs to be a comprehensive, just and objective probe into a suspected chemical weapons attack in Syria. The two also agreed that the use of chemical weapons “by anyone, anywhere, for any … [Read more...]
Viet Nam climbs up on UL safety index
Representatives of UL speak about the latest safety index in Việt Nam.-- VNS Photo Viet Nam is becoming a safer nation relative to many others, and once again improved its safety ranking in 2017, according to the latest report released by Underwriters Laboratories (UL), a global safety science company. In the latest UL Safety Index, Viet Nam moved up 11 places to 76th. The overall injury rates in the country decreased sharply last year, with drowning deaths falling by 15 per cent, poisoning by 14 per cent and transport deaths by 8 per cent, according to the report. “Our mission is to help advance safe living and working environments for people in Việt Nam and around the world, and contribute to the discourse on public health and safety,” David Wroth, director, Data Science– UL, said. “The findings from the study this year illustrate that Việt Nam is performing better in its overall efforts to improve safety.” The index attributes the … [Read more...]
Branding critical amid FTAs
National branding must accommodate international integration and sustainable export development, according to experts at the annual brand forum organised on Friday by the Viet Nam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade (MoIT). Vu Ba Phu, VIETRADE’s director, said the forum was a good opportunity to discuss branding trend development and the benefits of sustainable exports to foreign markets as many Free Trade Agreements (FTAs) are implemented. Phu commented that Viet Nam’s current brand competition strategy has been strongly implemented at the local, national and international level, though businesses still hope for further state guidance on branding related issues in the import and export sector. Ngo Chung Khanh, deputy director general of the MoIT’s Multilateral Trade Policy Department, said that the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has made national branding more urgent … [Read more...]
CPTPP, EVFTA to benefit Vietnamese fishery sector
Viet Nam’s fishery sector will gain advantages and export opportunities once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA) take effect, heard a seminar in HCM City on April 20. Vuong Duc Anh, from the Ministry of Industry and Trade’s Department of Export-Import, said the CPTPP and EVFTA are new-generation trade deals with trade facilitation as a core value via cutting tariffs. Under the EVFTA, aquatic products, excluding canned tuna and fish balls, will enjoy a zero tax for a maximum of seven years. While under the CPTPP, Canada and Peru will cut taxes to zero per cent once the deal takes effect. Other countries will offer tax reductions in accordance with roadmaps. Anh said the signing of the EVFTA and CPTPP will afford Vietnamese fishery firms chances to expand export markets, especially new markets such as Canada, Peru and Mexico, given that Viet Nam’s biggest rivals - … [Read more...]
Helicopter crash in Indonesia kills one, injures nine others
At the site where a helicopter crashed in Central Sulawesi, Indonesia, The accident killed an employee of the company operating the helicopter, PT IMIP, and wounded the pilot, co-pilot and another worker of the company, spokesman for the national disaster management agency Sutopo Purwo Nugroho said. After leaving a heliport of the company, the helicopter returned to the base. While trying to land, it hit the two employees, killing one of them and wounding the other, said Sutopo.The six Chinese nationals, the pilot and the co-pilot have been evacuated safely and rushed into a health clinic of PT IMIP for medical treatment before they were shifted to the General Hospital of Marowali, the spokesman said./. CPV/VNA … [Read more...]
Vinh Tan 4 thermal plant ensures environmental protection standards
A corner of the Vinh Tan 4 thermal power plant (Photo: VNA)At a ceremony held at the plant on April 19th to mark it as a project to celebrate the 60th Traditional Day of Vietnamese construction sector (April 29th), Deputy Minister of Construction Le Quang Hung noted that the large-scale plant is the first of its kind designed by Vietnamese experts. It also has a high rate of local content, at nearly 26 percent. The same day, the plant received approval for official operation. The Vinh Tan thermal power plant, on the list of urgent construction projects in 2013-2020, is invested by the EVN. The plant has two turbines with a combined capacity of 1,200 MW and was built at a cost of more than VND40 trillion (USD1.76 billion), which was mainly sourced from preferential loans from the Republic of Korea and Japan, while the remaining came from EVN’s reciprocal capital. Construction of the plant began in March 2014, with the first turbine completed in late 2017 and the … [Read more...]
VN, Myanmar issue joint statement
The following is the full text of the joint statement. 1. At the invitation of His Excellency Nguyen Xuan Phuc, Prime Minister of the Socialist Republic of Viet Nam, Her Excellency Daw Aung San Suu Kyi, State Counsellor of the Republic of the Union of Myanmar, paid her first official visit to Viet Nam from 19 to 20 April 2018. 2. During the visit, State Counsellor Daw Aung San Suu Kyi was accorded a ceremonial welcome by His Excellency Prime Minister Nguyen Xuan Phuc. While in Vietnam, State Counsellor Daw Aung San Suu Kyi held bilateral talks with Prime Minister Nguyen Xuan Phuc and attended the banquet hosted by the Prime Minister. State Counsellor Daw Aung San Suu Kyi also paid courtesy calls on Leaders of Viet Nam, laid a wreath at the Monument of National Heroes and Martyrs, and visited President Ho Chi Minh’s Stilt House. The State Counsellor also met with Chairman of Viet Nam – Myanmar Friendship Association, and Vietnamese enterprises operating in Myanmar. 3. The … [Read more...]