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
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China elevates combat readiness in South China Sea, experts say
China says one thing to the world, but does what it wants, anyway. This message is being clearly conveyed by its continued military buildup in the disputed South China Sea area even as it participates in negotiations and actions to defuse tensions, including the adoption of a Code of Conduct (COC). "Actually, China has been active in the South China Sea all this while. What’s distinctive this time is the heightened tempo of Chinese military activities that go along with the ongoing, increasing buildup in the disputed waters - by that I’m referring to more intense naval and air activities, which came after the last Party Congress. “It’s clear that Xi wanted to follow up that last event to showcase his control over the Chinese People’s Liberation Army (PLA), including his promise and call for the PLA to heighten combat readiness in the South China Sea," Dr Collin Koh Swee Lean of the S. Rajaratnam School of International Studies (RSIS), Singapore, told … [Read more...] about China elevates combat readiness in South China Sea, experts say
Vietnam to create new playing field via SAEZs
Minister of Planning and Investment Nguyen Chi Dung At the conference on Special Economic Zones–Institution, Policy, and Expectations for Success held this morning, Minister of Planning and Investment Nguyen Chi Dung emphasised two major targets in SAEZs development. First, the establishment of the three high-growth zones will affect and spill over to the region and the entire economy, lure investment into high-tech and competitive sectors, which match global development trends. These zones will become good places to live and work and prosperous areas featuring sustainable development. Second, they will provide new playing fields with special mechanisms and policies for startups, as well as promote innovation, research and development, and sectors applying high-tech or 4.0 technology. Additionally, high-quality education and healthcare, premium hotels and resorts, logistics and airport, and international seaports capable of trade exchanges will also be developed at all three … [Read more...] about Vietnam to create new playing field via SAEZs
New deep-sea port to boost logistics capacity in Vietnam
A new deep-water port is set to open this month in Vietnam's northern city of Hai Phong. The city is a major sea gateway for Vietnam, but the existing port cannot receive large container ships as it lies on the Cam River, which is only seven meters deep, the Nikkei said in a report on Saturday. The new Lach Huyen International Gateway Port faces the sea, where the water is 14 meters deep. It stretches 750 meters (2,460 feet), which is double the length of Hai Phong Port, and has two container cranes. Work started on Lach Huyen Port in 2013 at an estimated cost of $1 billion, and when the first phase is completed on May 13, it will be able to handle around 300,000 20-foot equivalent units, or TEUs, according to the Nikkei. That figure will rise to between 2-3 million TEUs in 2019, which is double the current capacity of Hai Phong Port. At a ceremony to mark the construction of Lach Huyen’s second phase in 2016, Prime Minister Nguyen Xuan Phuc said the new port … [Read more...] about New deep-sea port to boost logistics capacity in Vietnam
South Korean firms abandon China for Vietnam amid strained relations
South Korean food and retail companies are leaving China for Vietnam amid tougher business conditions in the world's most populous market, and strained bilateral relations to go with it. The Chinese government has retaliated against South Korea after Seoul, despite stringent objections from Beijing, deployed an advanced U.S. missile defense system to protect the country against North Korea, Yonhap News Agency reported. For nearly a year, China-South Korea relations have been tense with Beijing angry about the deployment of the U.S.-made Terminal High Altitude Area Defense (THAAD) anti-missile system in Korea. China claims THAAD’s powerful radar can penetrate deep into its territory. For much of 2017, South Korea’s tourism, cosmetics and entertainment industries have taken the brunt of a Chinese political backlash against Seoul. In October, the two nations agreed to normalize relations, Reuters reported. Lotte Group was the biggest victim of Beijing's wrath due to the … [Read more...] about South Korean firms abandon China for Vietnam amid strained relations