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/ February 27, 2021

Politburo holds meeting with former Party officials

Chairing the event, Party General Secretary and State President Nguyen Phu Trong said the Politburo and the PCC’s Secretariat highly value the great contributions that the former officials have made to the Party, people and country during the time they held important positions in central and local agencies. He highlighted that the country had reaped comprehensive achievements last year. The entire Party, people and army stood united and fulfilled the working programme for the tenure. After the 13th National Party Congress, the people have demonstrated their trust in the Party’s leadership and the country’s future, despite the impact of the pandemic. Party General Secretary and State President Nguyen Phu Trong (C) speaks at the meeting. (Photo: NDO) The Party chief wished that the former Party officials will continue to make contributions to the Party, people and nation, and lend their experience in addressing important issues of the country. Participants expressed their belief that the 13th Politburo, PCC’s Secretariat and PCC will lead the country to a higher development level in the near future. They pledged to continue contributing to the Party’s cause and strengthening solidarity in the Party. Expressing pride in being a Party member, they vowed to set examples and lead the way in implementing the Party’s policies, mechanism and resolutions to build a prosperous country with democratic, equal and civilised society. …

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/ February 27, 2021

Covid-19 wave forces Chinese Vietnamese to celebrate Lantern Festival in silence

At 6 a.m. Friday, the 15th day of the first lunar month, Ly A Ton, 62, woke early to prepare offerings, including fresh flowers, fruit, incense, boiled chicken and fried cakes ( jian dui ) in front of his house on Tran Hung Dao Street in District 5. Instead of flocking to a Chinese-built pagoda with his offerings and burning incense to the gods as in previous years, Ton stayed home and set up a table to worship the deities for fear of gathering in crowds amid the new Covid-19 outbreak that began in the country in late January. He then hung red pieces of paper bearing Chinese characters on his walls to pray for peace and good fortune. "This is the most important ritual during Tet Nguyen Tieu ," he said, referring to the Lantern Festival, known as the biggest and most important festival of the year for ethnic Chinese, marking the final day of the traditional Lunar New Year ( Tet ) celebration. It is observed on the 15th day of the first lunar month, the first Full Moon day of the Lunar New Year. " Tet Nguyen Tieu to us is even more important than Lunar New Year’s Eve and Chinese like us always light incense to deities at pagodas and temples to pray for the removal of bad luck and a year of peace and happiness," Ton noted. "But the Covid-19 outbreak forced us to celebrate on a smaller scale this year. I am old and scared of contracting the virus or spreading it to my family members. Therefore, I limit going out and gathering in crowds." He also had to cancel a reunion party with his relatives and could not visit his friends during the festival, which is an occasion for reunited families to eat dumplings and floating rice cakes made of glutinous rice flour wrapped around a sweet filling. Inside the 250-year-old Lady Thien Hau Temple, which is dedicated to worship the Goddess of the Sea, the devout convey their prayers by lighting spiral incense sticks that can burn for weeks. Photo by VnExpress/Phong Vinh. Ton is one of thousands …

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/ February 27, 2021

Fresh dawn kindles for US-Vietnam relationship

Projects such as Bunge’s agribusiness are expected to increase in number through stronger US ties. Photo: Le Toan In his first few days in office five years ago, President Donald Trump withdrew from the Trans-Pacific Partnership, which was a pillar of the Barack Obama administration’s pivot towards Asia. The remaining 11 member states have since reframed the agreement as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and President Joe Biden’s commitment to rebuilding relations with allies has sparked speculation about the US returning to the fold. Fitch Solutions under global ratings firm Fitch Group told VIR in a statement that Vietnamese trade would receive a surefire boost should new Biden decide to rejoin the CPTPP. “Biden stated in 2019 that the US should renegotiate parts of the CPTPP and re-assemble a coalition to counterbalance China’s perceived expansionist policies. The Trump administration withdrew from the original deal in 2017 under the pretext that it would harm US workers. A scenario where the US rejoins the CPTPP would deliver substantial tailwinds to Vietnamese exports to the US from lower tariffs in major export categories,” Fitch said. In fact, the CPTPP may offer great windfalls to the US. Statistics from law firm Duane Morris Vietnam LLC showed that the population of the CPTPP countries exceeded 513 million people as of October 2020. The CPTPP countries account for nearly 45 per cent of US total exports and 37.6 per cent of US general imports in 2014. By cutting over 18,000 taxes in regards to CPTPP, there would be a great benefit for American importers and exporters by enabling them to enter new markets. As the United States International Trade Commission estimates, the US exports of goods and services to the world would expand by $27.2 billion by 2032 thanks to the CPTPP, while US imports would expand by $48.9 billion. Oliver Massmann, general director of Duane Morris Vietnam LLC, pointed out …

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