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Vietnamese Prime Minister Pham Minh Chinh on Saturday met with U.S. President Joe Biden and his counterparts from other countries at an expanded summit of the Group of Seven (G7) countries in Japan. The Vietnamese Cabinet leader told President Biden that the Vietnam-U.S. bilateral ties have increasingly shown positive signs, with economic and trade cooperation being the focus. Biden spoke highly of the outcomes of the phone talks with Vietnam’s Communist Party General Secretary Nguyen Phu Trong. The two leaders also exchanged ideas on several measures to boost the bilateral ties as well as other international and regional issues of mutual concern. In addition, they agreed to maintain the exchange of all-level delegations. Vietnamese Prime Minister Pham Minh Chinh (L) and U.S. President Joe Biden pose for a photo at the expanded G7 summit. Photo: Vietnam News Agency At the event, Vietnamese Minister of Foreign Affairs Bui Thanh Son met with his U.S. … [Read more...] about Vietnamese PM Pham Minh Chinh meets US president at G7 summit

HIROSHIMA -- U.N. Secretary-General Antonio Guterres said on Sunday that it was time to reform both the Security Council and Bretton Woods to align with the "realities of today's world". Speaking at a press conference in Hiroshima, Japan, where the Group of Seven summit meeting had been held, Guterres said both institutions reflected the power relations of 1945 and needed to be updated. "The global financial architecture became outdated, dysfunctional and unfair," he said. "In the face of the economic shocks from the COVID-19 pandemic and the Russian [attack on] Ukraine, it has failed to fulfil its core function as a global safety net." Guterres also spoke of how he felt that at the G7 summit there was a growing consciousness among developing countries that not enough was being done to reform outdated institutions or "remove the frustrations" of the Global South. India's economy will grow over 6 percent this year and next, the International Monetary Fund said in its World … [Read more...] about UN chief says it’s time to reform Security Council, Bretton Woods

Stay up to date with the latest events in Vietnam. Quang Ninh Province imports Chinese energy A power engineer works in Mong Cai City of Quang Ninh Province. Photo: baoquangninh.vn Starting on May 24, Mong Cai City and Hai Ha District in the northern province of Quang Ninh will import power from the Chinese firm Guangxi Power Grid until the end of July. It has remained unknown about the amount and cost of the power Vietnam will buy from China. Vietnam purchased electricity from China several times in 2005-2016. The northern region is now at risk of lacking some 1,600-4,900 MW of power in the Summer due to high consumption and hot, dry weather that may affect the hydropower plants. Meanwhile, technical limitations prevent power transmission from the central-located plants to the north. State leaders express sympathy to Italy over flood losses Vietnam's President Vo Van Thuong and Prime Minister … [Read more...] about Vietnam News Highlights for May 24, 2023