The Hanoitimes - The sanctions leave direct impact on North Korean economy shown through a sharp decline in exports last year. What are visions for the denuclearization after second no-deal summit? The failure of the second Trump-Kim summit in Hanoi suggests sanctions remain a big issue between the US and North Korea, foreign media quoted international experts as saying. The UN Security Council votes to adopt a resolution imposing sanctions against North Korea. Photo: Getty Images North Korean nuclear negotiator Kim Yong Chol told Secretary of State Mike Pompeo in May 2018 that Pyongyang’s shift away from weapons was “not a result of sanctions that have been imposed from outside.” But in July 2018, Seoul-based Bank of Korea estimated the North Korean economy had seen its biggest decline in two decades, with the country’s real annual gross domestic product (GDP) falling by 3.5% in 2017 while exports declined 37.2% in 2017 alone. … [Read more...] about How much do US-led sanctions hurt North Korea economy?
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Illustrative image (Source: pvn.vn) Hanoi (VNA) – The Vietnam National Oil and Gas Group (PetroVietnam) has reported an oil and gas production output of 22.1 million tonnes in the first 11 months of 2018, surpassing its target by 5.4 percent and fulfilling 96.8 percent of its yearly plan. The firm’s oil production in the period reached 12.84 million tonnes, exceeding the target by 5.6 percent. Along with oil and gas, the firm also enjoyed high production of other products, including 18.99 billion kWh of electricity, 1.477 million tonnes of nitrogenous fertilizer, and 8.53 million tonnes of petroleum. In the January-November period, thanks to high outputs and higher oil prices than expectation, total revenue of the group hit 542.34 trillion VND (23.32 billion USD), exceeding the target by 16.8 percent and surpassing the yearly plan by 2.2 percent. The firm contributed 108.12 trillion VND (4.64 billion USD) to the State budget in 11 months, 46.7 percent higher than its … [Read more...] about PetroVietnam surpasses production targets for 11 months
16:43 | 02/12/2018 VGP – Viet Nam enjoyed the trade surplus of US$6.8 billion over the recent 11 months of 2018, according to the General Statistics Office. The nation gained US$21.6 billion from exporting in November, raising the total export value in 11 months to US$223.63 billion, a year-on-year increase of 14.4%. The State and foreign-invested sector contributed US$63.24 billion and US$160.39 billion to the nation’s total export turnover, up 17.2% and 13.4%, respectively. The export value of Viet Nam’s key export items witnessed high growths over the recent 11 months of 2018, including phones and accessories (up 11.5%), garments (up 17.4%) and electronics, computers and spare parts (up 13.9%). The U.S., EU and China maintained the largest exporters of Viet Nam in 11 months of 2018. Viet Nam’s import value over the recent 11 months of 2018 saw a year-on-year increase of 12.4%, reaching US$216.82 billion. China … [Read more...] about Trade surplus hits US$6.8 bln in 11 months
Xinhua: What do you think about the Vietnam-China relations at present? PM Nguyen Xuan Phuc: Vietnam and China have long-standing traditional relations which have been built and constantly consolidated by generations of leaders and the people of both countries. Over the past few years, thanks to the efforts of the Party, Government and people of the two countries, the Vietnam-China comprehensive strategic cooperative partnership has maintained a positive development momentum and harvested encouraging achievements. The greatest accomplishment is the constantly consolidated and enhanced political, diplomatic and economic ties between the two sides. The bilateral political relations have maintained a positive development momentum, manifested through the regular exchange of high-level visits and meetings between the two Parties and countries, which has helped the senior leaders of the two sides to gain many important common perceptions about the enhancement of the Vietnam-China … [Read more...] about Strengthening solid foundation for comprehensive strategic cooperative partnership between Vietnam and China
Illustration by Trịnh LậpViet Nam News By Hoàng Hồ After an incredible fight, actress Mai Phương, who has been receiving special treatment for aggressive lung cancer, has been discharged from Military Hospital 175 into the loving arms of friends, family, fans and colleagues. Although the battle against cancer is not over, with Phương facing many more hospital visits and follow-up appointments, her journey has been remarkable and inspirational. Since the first days of her treatment, the hospital has welcomed visits from many celebrities to help and encourage Phương. With continuous updates on the media and thousands of messages from fans on Facebook around Việt Nam, everything seemed to be going well, until actor Gia Bảo – a close friend of Phương’s, spoke up and caused some ripples. “If you don’t have a close relationship with the patient, you can just … [Read more...] about How much does sympathy really cost?