Expected d a from january 2022

Vietnamese Prime Minister Pham Minh Chinh (left) met with US President Joe Biden, VNA All eyes were focused on last week’s US-ASEAN Special Summit in Washington D.C., where both sides demonstrated their closer ties across many sectors including global health security, climate change, sustainable development, maritime cooperation, human capital development, and education, as well as connectivity and economic engagement, and especially digital development. The US and ASEAN have reaffirmed their commitment to support digital development in the bloc so as to realise its vision “of a peaceful, secure, open, interoperable, reliable and resilient ICT environment”. The US vows to “support development of ASEAN’s digital infrastructure to drive robust, inclusive economic growth and prosperity; and promote development of a secure, resilient, and innovative 5G ecosystem as well as exchange views and experiences on cyber threats and on the regulatory framework and technical standards that … [Read more...] about United States widens ASEAN engagement

Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum

There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities

The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according Standard Chartered Bank. Yarn manufacturing at Ha Nam Textile Company in Phu Ly, the northern province of Ha Nam. (Photo: VNA) In its latest Global Research Report titled “Vietnam–RCEP: Opportunities and challenges”, the bank said the membership in the pact further strengthens Vietnam’s trade position and should contribute to the post-pandemic recovery this year. Major export categories that are expected to benefit from the RCEP include information technology, textiles, footwear, agriculture, automobile and telecommunications. The deal is expected to eliminate about 90 percent of tariffs on trade between the signatories within 20 years. Over the longer term, the deal could form a basis for a new supply chain in the region, with Vietnam playing a key … [Read more...] about RCEP to improve Vietnam’s access to large consumer markets: Standard Charter Bank

Speaking at the event, held by the Party Central Committee’s Secretariat, Tran Tuan Anh, Head of the Committee's Economic Commission, described the document, dated January 24, 2022, as an important political foundation for the formation of mechanisms and policies on urban development, thus significantly contributing to spurring socio-economic development in a rapid and sustainable fashion. The resolution looks into the situation and reasons behind the existing problems; guidelines, targets and visions; major tasks and solutions; and the implementation work, according to the official. It reveals that as of late 2020, Vietnam counted 862 urban areas of all types across the country, and its urbanisation rate expanded from 30.5 percent in 2010 to nearly 40 percent in 2020. The document also points out limitations relating to urbanization, and urban planning, building, management and development, with the rate of urbanization a far cry from the target set in the 2011-2022 … [Read more...] about Vietnam targets sustainable urban development

Hanoi, (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 18. -President Nguyen Xuan Phuc paid tribute to fallen soldiers resting at the A1 National Cemetery in the northern border province of Dien Bien during his working trip to the province on May 17-18. Built in 1958, the cemetery is the resting place of 645 soldiers who laid down their lives during the 56 days and nights of the Dien Bien Phu Campaign in 1954. Read full story -National Assembly Chairman Vuong Dinh Hue had a meeting with visiting Greek President Katerina Sakellaropoulou in Hanoi on May 18, during which the Vietnamese top legislator expressed his delight at the growing friendship and all-round partnership between the two countries. President Sakellaropoulou agreed with the Vietnamese top legislator’s proposal to beef up bilateral trade, saying her visit aims to further promote bilateral partnership and that the bilateral double taxation avoidance … [Read more...] about ☕ Afternoon briefing on May 18

Vo Van Thuong, permanent member of the Party Central Committee’s Secretariat, speak at the conference. (Photo: VNA) Hanoi (VNA) – Urbanisation is indispensable and an important driving force for Vietnam’s rapid, sustainable socio-economic development in the time ahead, Vo Van Thuong , permanent member of the Party Central Committee’s Secretariat, said at a conference in Hanoi on May 18. The conference looked into the implementation of the Politburo’s Resolution No. 06-NQ/TW, dated January 24, 2022, on urban planning, building, management and development by 2030, with a vision towards 2045. Thuong laid emphasis on the need to quickly build action programmes and plans on the implementation of the resolution, with specific roadmaps and tasks, he noted. It is also crucial to change theoretical mindset and urban planning methods, and ensure the long-term vision, harmony and modernity of planning schemes, with people and their living standards at the centre, and urban … [Read more...] about Urbanisation indispensable in national development: Party official