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Tag Archive for ‘ASEAN’

Vietnam Prime Minister to head delegation to 21st ASEAN summit in Cambodia

HA NOI (VNS)– Prime Minister Nguyen Tan Dung plans to head a high-ranking delegation at the 21st ASEAN summit in Phnom Penh. The trip, initiated by Cambodian Prime Minister…

PRESS DIGEST – Vietnam Newspapers – Nov 14, 2012

FINANCIAL NEWS: VIETNAM NEWS — Credit growth this year is expected to reach 5-6 percent after a January-October expansion of 2.2 percent, while local banks have prepared about 200 trillion dong ($9.6 billion) to pump into the economy from now until the Lunar New Year, said Nguyen Hoang Minh, deputy head of the central bank’s […]

Ideal conditions for Quang Ninh’s development

Endowed with a long coastline, abundant fishing resources and natural diversification, in particular Ha Long Bay – one of the World’s Seven New Natural Wonder, Quang Ninh province is at an advantage when it comes to sustainable economic development. In addition, Quang Ninh is at the apex of the Vietnam-China economic cooperation project – “Two corridors and One economic belt” – an important part of the ASEAN-China Free Trade Area, said Nguyen Van Doc, Chairman of the Quang Ninh Provincial People’s Committee. “A further significant factor is that Quang Ninh plays the role of economic gateway to the…

Clinton in Australia for security talks

PERTH, Australia – US Secretary of State Hillary Clinton arrived in Australia on Tuesday for annual security and strategic talks, on what is expected to be her final visit to the country in her current role. Clinton will be joined by Defence Secretary Leon Panetta for the talks with counterparts Bob Carr and Stephen Smith on Wednesday expected to focus on regional security and greater US use of Australian facilities. It comes after the arrival of US Marine and Air Force units to northern Australia, seen as evidence of an American “re-balance” towards…

Vietnam, Denmark to Double Two-Way Trade

Prime minister Nguyen Tan Dung and Danish counterpart Helle Thorning-Schmidt agreed on Thursday’s talks to strengthen trade and economic cooperation to double two-way trade to $1 billion in the near future. According a statement of the Ministry of Foreign Affairs, prime minister Thorning-Schmidt said Denmark wants to boost ties with Vietnam in fields such as green growth, renewable energy, shipping, petroleum and climate change adaptation, which are Denmark’s strengths. The Vietnamese government leader appreciated Denmark’s support for Vietnam’s priority projects on water supply, wastewater treatment, environmental protection, vocational training and poverty reduction. Dung suggested Denmark continue supporting…

Myanmar market captures Vietnamese investors’ attention

Many Vietnam-based companies are eyeing Myanmar as a new investment destination after the Myanmar Government approved a new foreign investment law offering strong incentives for international investors. At a seminar on investment into Myanmar held in HCMC on Thursday, Edwin Vanderbruggen of VDB Loi Law Co. said despite the imperfect new law, Myanmar now is […]

Vietnamese assembled mobile phones top exports to UAE

The export earnings of Vietnamese-assembled mobile phones to the United Arab Emirates (UAE) hit $728 million in the first 7 months of this year, accounting for 67 percent of Vietnam’s total export revenues to UAE. The remaining exports items earned a total export turnover of $357 million over the same period, according to Vietnam’s trade office in the Middle East market. In the structure of exported goods to UAE, mobile phone is the new exports items accounting for a…

Vietnam State Firms’ Debts Dampen Economic Efficiency

Workers at an instant coffee factory belonging to the Trung Nguyen Coffee Group in the northern province of Bac Giang Eliminating the massive burden of public sector debts and improving the business environment are urgent tasks if the government wants to improve the efficiency of the economy, Trinh Nguyen, an economist with the Hongkong and Shanghai Banking Corporation Limited (HSBC) tells Vietweek . Vietweek: HSBC forecasts Vietnam’s growth to slow to 5 percent this year and 5.3 percent next year. How does this compare with other countries? Trinh Nguyen: The slowdown reflects both weak external and domestic demand. The eurozone is expected to…

Vietnam considers international trade cooperation as key strategy

Vietnam hopes to integrate extensively and comprehensively with the world, focusing on international economic integration, said Foreign Ministry’s spokesperson Luong Thanh Nghi on November 8. Nghi made the statement in response to reporters’ question that in light of Vietnam’s high ratio of trade turnover with China does the country want to increase trade ratio with other countries through expanding negotiations for free trade agreements (FTAs) with them. The spokesperson cited that so far Vietnam has signed FTAs with many partners including the ASEAN as a whole, and joined the association’s FTA with six partners – namely Japan, the Republic of Korea…

Int’l maritime exhibition to be held in Vietnam

(VOV) – More than 200 businesses from 16 countries are expected to participate in the Inmex Vietnam 2013 (formerly Maritime Vietnam), in HCM City in early March 2013. The exhibition has already received assistance from major foreign businesses and organizations such as the Holland Marine Equipment Association, the Institute of Marine Engineers India, the Indian […]