Saarc for regional cooperation

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

Deputy Minister of Agriculture and Rural Development of Vietnam Phung Duc Tien suggests the UK government to soon consider opening the market for fresh fruits (Photo: VNA) London (VNA) –  Minister of State at the Department for Environment, Food and Rural Affairs (DEFRA) of the UK Victoria Prentis on May 25 highlighted the importance of the Vietnam-UK agriculture and rural development cooperation , especially now that the UK government considers Vietnam as a vital partner in the Indo-Pacific region. Phung Duc Tien at the headquarters of DEFRA, Prentis affirmed her country’s commitment to strongly support the transformation of Vietnam's agriculture towards green, low emission and sustainable development. Vietnam 's agriculture towards green, low emission and sustainable development. VNA … [Read more...] about UK attaches importance to agriculture cooperation with Vietnam

Delighted with fine development of the two countries’ relations, particularly in Southern Vietnamese localities, Bus affirmed that Hungary always wants to boost collaboration with Vietnam and become Vietnam’s leading partner in Central Europe. Hungary seriously hopes to make contributions to Ho Chi Minh City’s smart urban building and development, he said. He asked municipal leaders to create favorable conditions for Hungarian enterprises to seek investment opportunities in the city in the fields of education, urban infrastructure, wastewater treatment, and supply of high-quality farm produce. He also pledged to facilitate the construction of the Can Tho Tumor Hospital so that it can be put into operation soon to serve health care in the Mekong Delta region and reduce overloads of Ho Chi Minh City’s hospitals. Source: VNA … [Read more...] about Ho Chi Minh City, Hungary seek to realize cooperative agreements

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

At the talks (Photo: Vietnam's Ministry of Foreign Affairs) Hanoi (VNA) – Minister of Foreign Affairs Bui Thanh Son and his Australian counterpart Penny Wong held talks on June 27 as part of the latter’s ongoing official visit to Vietnam from June 26-28. Welcoming his guest’s decision to choose Vietnam as the first destination to visit after taking office and praising Australia’s recent achievements serving its post-pandemic recovery, Son said he believes Wong’s trip will contribute to creating new dynamics in promoting the countries’ strategic partnership towards the 50th anniversary of their diplomatic relations in 2023. The minister thanked Australia for its prompt provision of vaccine and medical equipment and supplies for Vietnam during the fight against COVID-19, particularly 14.4 million doses for local children. Wong affirmed that Australia always attaches great importance to Vietnam's role in the region and its new Government will continue strengthening the … [Read more...] about Vietnamese, Australian foreign ministers hold talks

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

NA Chairman Vuong Dinh Hue (L) and his Hungarian counterpart László Kövér (Photo: VNA) Budapest (VNA) - National Assembly (NA) Chairman Vuong Dinh Hue and his Hungarian counterpart László Kövér had in-depth talks in Budapest on June 27 (local time) on various issues in the Vietnam-Hungary relations with parliamentary cooperation and coordination at international and regional mechanisms as an important pillar. Welcoming the Vietnamese top legislator and the high-ranking Vietnamese delegation to Hungary, Kövér affirmed that Hungary considers Vietnam an important partner in Southeast Asia. He highlighted that the friendship and cooperation between the two countries have been tested in difficult times during COVID-19 period. He thanked the Vietnamese NA for giving Australia sincere support in the first days of COVID-19 outbreak. NA Chairman Hue congratulated Hungary on the successful organisation of the parliamentary election in April, as well as Kövér on being elected as … [Read more...] about Vietnamese, Hungarian top legislators hold talks

Australian foreign minister Penny Wong is welcomed by her Vietnamese counterpart Bùi Thanh Sơn on Monday. — VNA/VNS Photo Lâm Khánh HÀ NỘI — Vietnamese foreign minister Bùi Thanh Sơn on Monday welcomed his Australian counterpart Penny Wong on her official visit to Việt Nam. Việt Nam is the first Southeast Asian country Wong paid a visit to after assuming the Australian Minister of Foreign Affairs position. Congratulating Australia on its success in the federal election and COVID-19 vaccination campaign, Minister Sơn believes that Wong’s visit will further promote the strategic partnership between the two countries. Việt Nam and Australia will soon commemorate the 50th anniversary of the establishment of their diplomatic relations in 2023. The Vietnamese foreign minister also expressed his gratitude to the Australian government for their prompt support in providing COVID-19 vaccines and medical equipment for Việt Nam, particularly the 14.4 million doses for children, which … [Read more...] about Concrete actions are important to shared prosperity: Australian foreign minister

Prime Minister Phạm Minh Chính on June 27 receives Australian Minister for Foreign Affairs Penny Wong, who has been on a three-day official visit to Việt Nam. VNA/VNS Photo Dương Giang HÀ NỘI – Prime Minister Phạm Minh Chính and President Nguyễn Xuân Phúc on Monday received Australian Minister for Foreign Affairs Penny Wong, who has been on a three-day official visit to Việt Nam. Praising Australia’s successes in the federal election, COVID-19 vaccination and economic recovery, PM Chính thanked the nation for its provision of COVID-19 vaccines, medical equipment and supplies for Việt Nam during the fight against the pandemic, particularly 14.4 million doses of vaccine for Vietnamese children. The PM also lauded the strong growth of the Việt Nam-Australia strategic partnership. The exchange of high-level delegations and meetings have been held regularly between the countries; bilateral trade hit US$12.4 billion in 2021;  Việt Nam began investing directly in Australia; and the two … [Read more...] about Leaders receive Australian Minister of Foreign Affairs

President Nguyen Xuan Phuc receives Australian Minister for Foreign Affairs Penny Wong (Photo: VNA) Hanoi (VNA) - President Nguyen Xuan Phuc hosted a reception for visiting Australian Minister for Foreign Affairs Penny Wong in Hanoi on June 27. Welcoming Wong’s visit, President Phuc expressed his belief that it will make important contributions to promoting the strategic partnership between Vietnam and Australia. He congratulated Australia on its successful organisation of the federal election and establishment of a new government led by Prime Minister Anthony Albanese, affirming that Vietnam always treasures and works hard to foster its relations with Australia - a strategic partner in the South Pacific region, and a comprehensive strategic partner of the Association of Southeast Asian Nations (ASEAN). Briefing the guest on Vietnam’s achievements in fighting the COVID-19 pandemic and switching to a new period of safely and flexibly adapting to and effectively … [Read more...] about President receives Australian Minister for Foreign Affairs