The United States’ commitment to Asia is as strong as ever, Secretary of State John Kerry said Saturday after President Barack Obama cancelled his trip to the region due to the crisis in Washington.
“Let me be clear, none of what is happening (in Washington) diminishes one iota our commitment to our partners in Asia,” Kerry told journalists at the Asia- Pacific Economic Cooperation forum in Indonesia’s Bali.
Kerry also warned a prolonged political crisis in Washington could weaken the United States globally.
“If it were prolonged, or repeated, people would begin to question the willingness of the United States to stay the course and its ability to, but that’s not the case and I don’t think it will be the case,” he told journalists.
Thailand,VN trade up despite global crisis (05-12-2008) Today, the Thai people celebrate their King's birthday. Thai Ambassador to Viet Nam, Kittiphong na Ranong, spoke to Viet Nam News. How would you view the current Thailand-Viet Nam bilateral relations? Thailand and Viet Nam have witnessed a rapid expansion of their co-operation in all areas in recent years. There has been a frequent exchange of high-level visits of Government leaders. The area of economic co-operation has also seen large expansion. Viet Nam has become the 9th largest trade partner of Thailand. Bilateral trade from January-October 2008 reached US$5.29 billion, an increase of…... [read more]
Sri Lanka, Vietnam committed to strong trade, investment ties By Mong Binh - The Saigon Times Daily HCMC - Sri Lanka and Vietnam will exert more efforts to strengthen relationship and cooperation in various fields, particularly of trade and investment as agreed by senior officials of the two countries at a meeting earlier this week. "Both sides agreed that the current state of trade is far below the potential (of the two countries) and agreed to work together to reach a target of US$100 million by 2012," Sri Lanka's Ministry of Foreign Affairs said in a statement. Deputy Minister of…... [read more]
Gold demand still strong despite hefty supply Thanh Thuong By Thanh Thuong - The Saigon Times Daily HCMC – Contrary to initial forecasts of the State Bank of Vietnam, commercial banks and gold trading firms rushed to snap up 26,000 gold taels put up for auction on Thursday. There were 17 entities participating in the auction on Thursday, five of them trading firms. The offered price was VND37.45 million per teal, which was quite low compared to the market price at the same time. Fifteen units won the auction, with five buying around 8,000 taels and banks taking the rest.…... [read more]
There are concerns that Vietnam’s exports to the US could be hurt by the growing US protectionism, its withdrawal from the TPP trade deal and Vietnam’s inclusion on a list of countries with which the US runs a trade deficit. However, thus far Vietnam’s exports to the US have remained strong. Strong export growth to the US According to the General Statistics Office, the US remained the largest market for Vietnamese exports in the first half of 2017, at US$19.6 billion, up 9.5% annually, lower than the 12.8% growth rate during the same period of 2016. But the Ministry of…... [read more]
GENEVA 29/2-"Việt Nam remains strong on its commitments to ensure the full enjoyment of human rights for its people," said Deputy Foreign Minister Lê Lương Minh yesterday at the current 19th session of the United Nations Human Rights Council (HRC). At the four-week session that will last until March 23, Minh said in implementing people-centred and pro-poor development policies, Việt Nam continued to invest in areas that matter the most to the people. These policies had enabled the country to achieve remarkable progress in poverty reduction, education, healthcare and employment, improving the livelihood and social welfare for its citizens. In…... [read more]
It is necessary to continue flexible fiscal policies, stimulus solutions, avoid protectionism, and enhance regional and international financial and trade cooperation in order to restore confidence in markets, overcome the global crisis, and ensure sustainable development, stressed leaders at the closing session of the ASEAN-Republic of Korean Commemorative Summit today. In the second session, leaders focused on international and regional issues of common concern, especially transnational challenges like financial and economic crisis, energy security, food security, environmental deterioration, climate change, and pandemic outbreaks. They agreed to strengthen economic and financial cooperation between ASEAN and Korea as well as within other…... [read more]
U.S. President Barack Obama on Thursday vowed to strengthen U.S. military presence in the Asia-Pacific region despite fiscal constraints. U.S. President Obama speaks during a media briefing at Pentagon in Washington D.C., capital of the United States, Jan. 5, 2012. Barack Obama vowed to strengthen military presence in the Asia-Pacific region despite fiscal constraints. (Xinhua/Fang Zhe) The president made the remarks as he unveiled a revised national defense strategy designed for a new era of austerity. "We'll be strengthening our presence in the Asia-Pacific, and budget reductions will not come at the expense of this critical region," he said during…... [read more]
Although hit hard by the global economic crisis, Vietnam's economic fundamentals have remained strong, said Victoria Kwakwa, the World Bank (WB) Country Directorin Vietnam, citing the newly-released official figures of Vietnamese economy for the first half of this year. The 3.9 percent economic growth in the first six months this year was lower compared with previous years, but it is better than several other countries in the region, said Kwakwa in a recent interview with Xinhua. In the first quarter, Vietnamese economy went up by 3.1 percent year-on-year, figures from the General Statistics Office of Vietnam showed. The growth climbed…... [read more]
U.S. President Barack Obama on Thursday vowed to strengthen U.S. military presence in the Asia-Pacific region despite fiscal constraints. The president made the remarks as he unveiled a revised national defense strategy designed for a new era of austerity. "We'll be strengthening our presence in the Asia-Pacific, and budget reductions will not come at the expense of this critical region," he said during an appearance at the Pentagon along with Secretary of Defense Leon Panetta and Chairman of the Joint Chiefs of Staff Martin Dempsey. "We're going to continue investing in our critical partnerships and alliances, including NATO ... We're…... [read more]
Growth in developing economies in East Asia is holding up despite tough global conditions and a slowdown in China, according to the World Bank. The Washington-based lender lowered its growth forecast for this year for developing East Asia and Pacific countries only marginally to 6.3 percent from 6.4 percent, it said in a report on Monday. Growth is set to ease from an estimated 6.5 percent in 2015, it said. While developing nations in East Asia -- from Indonesia to China -- have benefited from careful economic policies, global risks are considerable and threaten the region’s outlook, the lender said.…... [read more]