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Vietnam and South Korea aim to raise the value of bilateral trade between the countries to $100 billion next year and to $150 billion by 2030, up from $78 billion last year, the Vietnamese government said. The trade targets were agreed during a telephone call between South Korean Prime Minister Han Duck-soo and his Vietnamese counterpart Pham Minh Chinh late on Tuesday, a government statement said. South Korea is an important economic partner for Vietnam and the largest source of foreign direct investment. Samsung Electronics is the biggest single foreign investor in the Southeast Asian country. Han and Chinh also agreed to seek ways to narrow the gap in bilateral trade, the statement said. Vietnam incurred a trade deficit of $34 billion with South Korea last year, according to Vietnamese customs data. Vietnam's main imports from South Korea include electronics, machinery, metals, plastics, fabrics and fuels. During the call, Han and Chinh also shared views on the importance … [Read more...] about Vietnam, South Korea aim to boost trade to $100 bln next year

Apart from Vietnam, the meeting also saw the presence of foreign affairs officials from Cambodia, Laos, Myanmar, Thailand, and China. Participants emphasized the principles of consensus, equality, mutual consultation, shared benefits, respect for the U.N. Charter and international laws and in line with each country’s regulations and laws. They also agreed to strengthen MLC cooperation by consolidating the friendly neighborliness, making positive contribution to socio-economic development of member countries, building the ASEAN Community, and realizing the sustainable development goals 2030. They adopted a Joint Press Communique and four joint statements on strengthening agricultural cooperation, natural disaster prevention and control, customs and trade facilitation, and exchanges among MLC civilizations. In his speech, Vietnamese FM underlined that in the post-COVID period, member countries need to ensure that MLC develops in a practical manner with priority given to economic … [Read more...] about Vietnam attends 7th Mekong – Lancang Cooperation Foreign Ministers’ Meeting

The Vietnamese Government for its part would create utmost conditions for South Korean companies to succeed in Vietnam and commit long-term presence in the country. Vietnam and South Korea aim for a bilateral trade turnover of US$100 billion by 2023 and $150 billion by 2030 while striving for a more harmonious trade balance for mutual benefit. Prime Minister Pham Minh Chinh at the phone talk. Source: VGP The view was shared during a phone talk between Prime Minister Pham Minh Chinh and his South Korean counterpart Han Duck-soo on July 5. At the talk, Chinh congratulated Han on his appointment as South Korea’s Prime Minister. The Vietnamese leader ssid bilateral relations have been on the rise amid a volatile world and severe Covid-19 impacts. “Both countries have been top partners of each other, especially in economy, trade, and investment,” Chinh said. According to Chinh, Vietnam remains steadfast in pursuing an independent foreign policy based on … [Read more...] about Vietnam, S.Korea aim for a US$150 billion trade turnover by 2030

Global tech giant Google is in the process of considering moving orders for future phones to Vietnam in an effort to avoid risks posed by ongoing trade tensions between the United States and China, as well as China's COVID-19 lockdown, newspaper DigiTimes of Taiwan (China) reported. Google's Pixel 7 smartphone The Taiwanese media outlet cited sources from the upstream supply chain as saying that the US-based tech firm originally planned to produce its smartphones in Vietnam. However, it ultimately decided to keep its production in China due to a combination of the pandemic coupled with the strong support provided by Chinese supply chains. However, DigiTimes assessed that the strict COVID-19 lockdowns implemented by the northern neighbour have prompted the company to reconsider its view. According to figures compiled by Canalys, Google has seen robust demand for its Pixel 6 in the North American market, with the smartphone's shipments reaching around 1.2 … [Read more...] about Google ponders moving smartphone production from China to Vietnam

Bac Giang Province is well known for being one of the main lychee-growing hubs in Vietnam, thus it comes as a surprise to many that the northern province also boasts a diversity of stunning landscapes. Despite being barely 50 kilometers from the capital city of Hanoi, Bac Giang remains an undiscovered tourist destination in northern Vietnam. Backpackers who visit Bac Giang during the summer will have the opportunity to savor lychees, immerse themselves in the magnificent scenery, and discover the region's centuries-old villages. Picking up lychees at Luc Ngan orchards Lychee is a summertime specialty fruit in the north, where it is cultivated in numerous locales. However, the most renowned lychee comes from Luc Ngan District in Bac Giang. The dulcet taste of the lychee fruits here distinguishes them from those available in other localities. Despite the medium size of the fruit, its seed is the size of a pea, allowing fruit enthusiasts to enjoy a satisfying bite after … [Read more...] about Don’t miss out on these experiences when visiting Bac Giang in northern Vietnam

Even though recovery across the South-East Asian region has been uneven with the Delta variant, most countries’ GDP including Singapore, Indonesia, Malaysia, the Philippines and Vietnam have risen back up to pre-pandemic levels – with the exception of Thailand, which is still at 2 percent below pre-pandemic levels as its tourism industry struggled with travel and mobility restrictions. It was noted that Vietnam was not particularly affected by the Delta variant wave, and hence did not experience large lockdowns that impacted its economy as much as Malaysia and the Philippines did. Singapore, on the other hand, was able to take advantage of the increase in demand for consumer electronics globally to increase its GDP growth by 7.6 percent last year. Across the region, there is a marked lag in the recovery of the services sector in terms of accommodation, food and retail, but that is expected to increase with the reopening of borders and easing of travel restrictions. However, China’s … [Read more...] about Vietnam’s economy to grow more than 6.5 percent in 2022

Increasing the sharing of hydrological and meteorological data and operations of hydroelectric dams remains one of key issues proposed by Vietnam. Vietnam said the Mekong-Lancang Cooperation must be substantive with the coincidence of economic growth and sustainable development. Vietnam's Foreign Minister Bui Thanh Son at the meeting. Photos: Baoquocte Vietnamese Foreign Minister Bui Thanh Son made the statement at the 7th Lancang-Mekong Cooperation (LMC) Foreign Ministers’ Meeting held on July 4 in Bagan, Myanmar in the attendance of his counterparts from Cambodia, China, Laos, Myanmar, and Thailand. To support the common goal, Son suggested four issues including prioritizing economic recovery and resilience with a focus on customs cooperation and smooth trade transactions; supporting regional members in climate adaptation and energy transition; further cooperation in water resources management and use  by speeding up the building of an action plan on MLC … [Read more...] about Vietnam urges sustainable development for Mekong-Lancang Cooperation

Indochina and its mysteries under the French rule in the late 19th and early 20th centuries will be revealed through a unique black and white photo exhibition. The exhibition entitled “Indochina - the wonderland” will be held in virtual format at the website http://archives.org.vn or https://www.facebook.com/luutruquocgia1 from July 9. A tourism advertising brochure of Indochina. Photo: National Archives Center I According to the National Archives Center I, the exhibition will show the history as well as the rich natural resources of three Indochinese countries, namely Vietnam and Laos and Cambodia, through hundreds of black and white photographs taken in the late 19th century and the early 20th century. The exhibition consists of three parts: “Indochina - the land of wonders”; “Indochinese  Seas - the tropical paradise” and “Indochinese Mountains - Ideal resorts”. Along with the photos, there are many reviews and comments from the French … [Read more...] about “Indochina – the wonderland” exhibition tells the story of Vietnam during French colonial period

Medical workers are spraying chemicals to kill mosquito Currently, most dengue cases and deaths are mainly reported in the southern provinces, but through surveillance in the North, the number of dengue cases started to increase. In particular, large hospitals in Hanoi such as Bach Mai, National Children's Hospital, and Central Tropical Diseases recorded cases of dengue fever with severe development and epidemiological factors. These cases have been returning from the southern provinces after going on a business trip or traveling. Through many cases of dengue due to epidemiological factors from the South, where dengue epidemic development is complicated, doctors recommended people to return from the south region when they have a sudden high fever, and pain. Physicians advised people with headaches, aches, and pains to go to a medical facility immediately for testing and timely diagnosis of dengue fever, to avoid dangerous complications. People need to actively apply measures … [Read more...] about Dengue toll rises to 36 in Vietnam, case count now over 92,000

PM Pham Minh Chinh (right) holds phone talks with his Korean counterpart Han Duck-soo (Photo: VNA) Hanoi (VNA) – Vietnamese Prime Minister Pham Minh Chinh talked over the phone with his counterpart from the Republic of Korea (RoK) Han Duck-soo on July 5, during which the two leaders compared notes on measures to boost the bilateral relations. This was the first phone talk by the RoK’s PM with a foreign leader since he took office. Congratulating Han on his appointment as the RoK's PM, Chinh said despite global and regional uncertainties, including COVID-19 impacts, the relationship between Vietnam and the RoK has maintained its stable development pace, and the two countries have become leading important partners of each other, especially in economy, trade and investment. He affirmed Vietnam’s consistent foreign policy of independence, self-reliance, multilateralisation and diversification of relations, and being a friend, a reliable partner and an active, responsible … [Read more...] about Vietnamese, Korean Prime Ministers hold phone talks