Strong economic outlook

Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance. Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country's reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of Debt Management and External Finance under the Ministry of Finance, spoke with Vietnam News Agency about the issues. The Prime Minister has just approved a project to improve the national credit rating by 2030. The Department of Debt Management and External Finance is assigned to develop and implement the project. What will the department do to fulfil this task? The Government issued Decision 304/QD-TTg on February 6, 2013 to approve a project on improving the national credit rating. That created favourable conditions for the Government in accessing the international capital market. It is also a way … [Read more...] about Viet Nam promotes solutions to improve national credit rating

Group photo of ASEAN leaders and US President Joe Biden in front of the White House at the banquet held on May 12, held ahead of the ASEAN-US Special Summit. (Photo: VNA) Washington D.C. (VNA) - The United States and ASEAN countries’ leaders have met for the US-ASEAN Special Summit in Washington on May 12-13. Following is the full text of the statement: ASEAN-U.S. Special Summit 2022, Joint Vision Statement MAY 13, 2022 WE, the Member States of the Association of Southeast Asian Nations (ASEAN) and the United States gather on the occasion of the ASEAN-U.S. Special Summit, the first-ever to be held in Washington, D.C., on 12-13 May 2022. EMPHASIZING the importance of adhering to key principles, shared values and norms enshrined in the Charter of the United Nations, the ASEAN Charter, the Declaration on Zone of Peace, Freedom and Neutrality (ZOPFAN), the Treaty of Amity and Cooperation in Southeast Asia (TAC), the 1982 United Nations Convention on the Law of the Sea … [Read more...] about US-ASEAN ties to be upgraded to Comprehensive Strategic Partnership in November: Statement

Hanoi (VNA) - Ten ASEAN countries and three partners of Japan, China and the Republic of Korea have agreed to strengthen financial cooperation in the region to cope with negative impacts from the Russia-Ukraine conflict and COVID-19 pandemic. At the 25th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+ 3), which was convened on Ma y 12via videoconference, participants agreed that ASEAN+3 financial cooperation has a more essential role to play in supporting regional economies to navigate these obstacles. A joint statement released after the event stated that “the ASEAN+ 3 economies have remained steadfast in weathering the challenges posed by the COVID-19 pandemic." It noted that since early 2021, the countries have focused on ramping up the vaccination rates to protect their populations and have adopted more targeted containment measures to minimize the impact on their economies and to support recovery. As a result, the region saw robust … [Read more...] about ASEAN+3 agree to foster regional financial cooperation

Prime Ministe Pham Minh Chinh addresses the Centre for Strategic and International Studies ( CSIS ) in Washington D.C. (Photo: VNA) Washington D.C. (VNA) – Prime Ministe Pham Minh Chinh has delivered a speech at the Centre for Strategic and International Studies (CSIS) in Washington D.C. during his ongoing working trip to US. The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C

The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the Democratic Republic of Vietnam with this untarnishable fact, “All men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the Pursuit of happiness.” This was the spirit enshrined within the 1776 Declaration of Independence of the United States of America; it … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C.

The partnership with the world’s advanced economies will help Vietnam address financial problems to pursue the low-carbon strategy. Vietnam is seeking a partnership with G7 countries including Canada, France, Germany, Italy, Japan, the UK, and the US, in energy transition amid efforts to achieve net-zero transmissions by 2050. The country has requested the United Nations Development Program (UNDP) to support it in establishing an agreement with the organization of the world’s largest so-called “advanced” economies to seek their financial support. Vietnam's Prime Minister Pham Minh Chinh (L) and UNDP Administrator Achim Steiner in New York on May 16. Photos: VGP Prime Minister Pham Minh Chinh expressed his hope at the meeting with UNDP Administrator Achim Steiner in New York on May 16. Vietnam also needs UNDP assistance in building a strategy to mobilize climate finance from development partners for the low-carbon journey from now until 2050, which is … [Read more...] about Vietnam seeks climate finance from G7