National promotion month

Seafood processing for export in a company in Can Tho (Photo: VNA) Can Tho (VNA) – The Mekong Delta city of Can Tho recorded an 8.04% growth in GDRP in the first six months of 2022 , the highest for the recent three years, heard a recent review conference of the city’s Party Committee. Le Thanh Tam, Director of the municipal Department of Planning and Investment, said the growth rate is the second highest among the five centrally-run cities in the country. Specifically, the agro-forestry-fishery sector expanded by 3.28%, industry-construction 11.8% and services 7.62%, contributing 0.4%, 3.56% and 3.95% to the overall growth rate, respectively. The Index of Industrial Production picked up 12.86% year-on-year, while the export turnover of goods and services top 1.1 billion USD, up 15.16%. Total revenues from retails and services were estimated at 55.5 trillion VND (2.39 billion USD), an increase of 21.09%. However, the low disbursement of public investment has … [Read more...] about Can Tho posts three-year high economic growth

National Assembly Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér sign a new cooperation agreement between the two parliaments in Budapest on Monday. — VNA/VNS Photos Doãn Tấn BUDAPEST — A new cooperation agreement between Việt Nam and Hungary’s national assemblies was assigned by National Assembly (NA) Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér in Budapest on Monday. The document was signed after the two officials spoke at the Hungarian Parliament building, which was part of Huệ’s official visit to the country. The agreement was based on the comprehensive partnership between the two countries, and the cooperation agreement signed between the two national assemblies in 2008. It aims to strengthen the partnership and multifaceted cooperation between Việt Nam and Hungary based on the principles of equality, mutual benefit, mutual respect, compliance with each country's laws, and adherence to international treaties. With the new … [Read more...] about VN, Hungary’s parliaments sign new cooperation agreement

Hue said that the Vietnamese N.A. high-ranking delegation's ongoing official visit to Hungary aims to further promote and deepen the comprehensive partnership between the two countries and cooperation between the two parliaments in particular, opening up new prospects in bilateral relations as well as stronger coordination between the two countries at regional and international forums amid complicated global developments. Highlighting the traditional friendship and all-round partnership between the two countries over the past 70 years, the top legislator clarified that Vietnam always treasures and hopes to further bolster multifaceted ties with Hungary – the first comprehensive partner of Vietnam in Central and Eastern Europe. For his part, László reviewed major milestones of the Hungary-Vietnam Friendship Association’s development since it was established in 1989, and highlighted a number of activities that the association has carried out recently and its plans to promote the … [Read more...] about N.A. Chairman receives Hungary-Vietnam Friendship Association’s leaders

The Australian top diplomat said the ties between the countries run deep. Australian Foreign Minister Penny Wong today [June 27] met with Vietnamese counterpart Bui Thanh Son in Hanoi as part of her three-day visit to affirm the new Australian government’s commitments to continue the Strategic Partnership with Vietnam. Vietnam's Foreign Minister Bui Thanh Son (R) and Australia's Foreign Minister Penny Wong in Hanoi on June 27. Photos: Baoquocte In the visit which was made one month after she was sworn in as Australian Foreign Minister, Wong affirmed the role of Vietnam in the regional architecture and the two countries in the regional peace and security. In Vietnam, Wong will meet with President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh, and Chairman of the CPV Central Committee’s Commission for External Relations Le Hoai Trung. Her trip comes ahead of next year’s 50th anniversary of diplomatic relations between Vietnam and Australia. Before the … [Read more...] about Penny Wong arrives in Hanoi, affirming new Australian cabinet relations with Vietnam

During the talks, participants evaluated that the effective coordination among parties has contributed to well maintaining political security and public order, firmly protecting national sovereignty in each country and consolidating the special solidarity between Vietnam and Laos. In realizing their inked memorandum of understanding, the Ha Tinh provincial Border Guard Command and the Borikhamxay and Khammuane provincial Public Security Departments have regularly exchanged information and situational developments and promoted information dissemination to mobilize people along the shared borderline to strictly observe the Protocol on the borderline and border markers and the Agreement on the regulations managing the land border and border gate system signed by the two governments. In addition, the two sides have well managed the import and export activities through border gates and sub-border gates. Over the past years, Cau Treo International Border Gate in Ha Tinh province and … [Read more...] about Ha Tinh’s border guard holds talks with Laos’ public security units

Reciprocating her sentiment, her Vietnamese counterpart Bui Thanh Son welcomed Wong’s choice of Vietnam as her first Southeast Asian destination since taking office last month. He said her visit would strengthen and boost bilateral relations. Wong will conclude her official visit to Vietnam on Tuesday, the Ministry of Foreign Affairs said in a statement. She said Australia has always valued Vietnam's role in the region and that the new government was committed to further strengthening the strategic partnership with Vietnam. The two ministers agreed that it was important the two countries strengthen cooperation in sectors and industries hit hard by the pandemic like tourism, education, and labor cooperation, as well as traditional areas like trade, investment, defense and security. They also agreed that the two countries would expand collaboration in climate change, green growth, and sustainability. Son wanted Australia to continue contributing to regional cooperation with … [Read more...] about Australia values Vietnam’s partnership, regional role: FM

In his speech at the event, Thang stressed that the establishment of VAC aims to realize the Joint Statement of the Prime Ministers of the two countries in September 2019, and is an important highlight in the strategic partnership between Vietnam and Australia, as well as a practical activity towards the 50th founding anniversary of the diplomatic relations between the two countries. The opening of this portal is a necessary initial step for the development of the center, which is hoped to contribute to improving the capacity of Vietnamese officials and managers to meet the requirements of integration and development of the country, and to strengthening up the sustainable Vietnam-Australia cooperation. Penny Wong, who is on an official visit to Vietnam from June 26-28, said the VAC will play an important role in enriching the knowledge of future Vietnamese officials trained at the academy, as well as promoting cooperation and strengthening links between the people of the two … [Read more...] about Vietnam-Australia Center’s portal makes debut

The visit will be made at the invitation of Lord Speaker of the House of Lords John McFall and Speaker of the House of Commons Lindsay Hoyle. The parliaments of Vietnam and the U.K. have recorded cooperation strides in the recent past. They have maintained delegation exchanges at all levels, including the visits by Vietnam’s N.A. Chairman Nong Duc Manh in 1994, Nguyen Van An in March 2005 and Nguyen Sinh Hung in December 2011, and the trip by Deputy Speaker of the U.K. House of Commons Eleanor Laing in October 2016. The two sides have also frequently held mutual visits between their parliaments’ committees, and by the British All-Party Parliamentary Group (APPG) for Vietnam and the Vietnam - U.K. Parliamentary Friendship Group. Most recently, an N.A. delegation led by Chairman of the Committee for Science, Technology and the Environment Le Quang Huy attended the Inter-Parliamentary Union (IPU)’s pre-COP26 parliamentary meeting and met with the head of the British parliamentary … [Read more...] about Official visit by N.A. leader to reinforce Vietnam – U.K. parliamentary ties

Fifteen airlines are expected to operate international flights connecting numerous destinations with Da Nang from now until the end of the year, promising ample opportunities for the promotion and development of local tourism. These airlines will operate international routes from such countries as South Korea, Thailand, Singapore, Japan, and Malaysia, among others, to Da Nang with a total frequency of up to 90 flights per week, Ho Ky Minh, vice-chairman of the municipal People’s Committee, said on Monday. The Vietnamese coastal city recently collaborated with budget carrier Vietjet Air in opening five air routes to major cities in India and Singapore. In the first six months of this year, Da Nang has welcomed 286 international flights carrying 35,000 passengers, according to vice-chairman Minh. On June 24, the city received a record of 120 domestic and international flights, the official added. The local tourism sector has had a positive and breakthrough recovery with a … [Read more...] about 15 airlines to operate more intl’ flights to, from Vietnam’s Da Nang

Marcel Schröder, Economist, Economic Research and Regional Cooperation Department Asian Development Bank At the beginning of the conflict, the crude oil price breached $130 per barrel in March, the highest since 2008. Since then, it retreated to about $100 in April, before rising again to $120 following the European Union’s partial ban on Russian oil in May. Some worry that the oil price could spike to $200 per barrel in the coming months and how such a shock would impact the economic prospects of Asia’s developing countries. While many institutions, including ours, project a significantly higher oil price in 2022 compared with 2021, these predictions do not foresee $200 per barrel because they attach a low probability of a sudden shock to the global oil supply. A sudden shock is unlikely given the EU’s decision to gradually phase out Russian oil imports by the end of 2022, allowing an orderly transition to alternative supplies and keeping prices stable and affordable for … [Read more...] about Additional oil spike impacts cannot be ruled out