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/ October 1, 2020

Vietnam, UK set upward trajectory for next 10 years

The Hanoitimes - Hanoi hopes trade link will support its export-driven economy while London is trying to secure trade deals ahead of the transition period after Brexit. Vietnam and the UK have agreed refresh and strengthen their strategic partnership and set the framework for forging ahead in the next decade. Vietnam and the UK look to forge ahead the partnership in the next decade. Photo: MOFA The two sides adopted a joint declaration at a meeting between Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh and UK Foreign Secretary Dominic Raab on September 30 during the British diplomat’s visit to Hanoi, the first by a European politician to Vietnam since the start of the Covid-19 pandemic. The declaration, which marks a milestone of 10 years of the Vietnam-UK Strategic Partnership, outlines the UK and Vietnam’s commitment to further strengthening the bilateral partnership. It includes (1) deepening bilateral trade and investment, and pursuing more open trade through global and regional economic integration; (2) co-operating to support sustainable economic growth, and to combat the urgent challenges presented by climate change; (3) working together on shared security challenges through peace-keeping operations, military healthcare and training and maritime security; (4) enhancing ties in education, vocational training, higher education, particularly in the field of science and technology; (5) enhancing bilateral cooperation in defense and security and to combat serious and organized crime; (6) promoting people-to-people links, equal rights, including promoting gender equality and tackling modern slavery; and (7) committing to a closer coordination through multilateral fora, including the United Nations and within the framework of ASEAN. Trade deal dominates the visit To prepare for partnership in the next 10 years, the two sides highlighted the importance of a bilateral trade agreement that dominates …

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/ October 7, 2020

Vietnam – UK trade cooperation is a win-win relationship

The Hanoitimes - While the UK continues to be a potential market for Vietnam’s key export staples, the latter could be a springboard for British companies to reach a broader market in Southeast Asia. As the UK and Vietnam markets are highly complementary, trade relations between the two countries would ensure a win-win scenario for all parties involved, according to Vice Minister of Industry and Trade Hoang Quoc Vuong. Overview of the conference. Source: MoIT. As of one the world’s hubs of economy, politics, culture and science, the UK remains Vietnam’s priority economic partner, stated Mr. Vuong at a conference discussing opportunities for British and Vietnamese businesses on October 6. While the UK continues to be a potential market for Vietnam’s key export staples, including agricultural products, footwear, textile, phones and wood, among others, the latter could be  a gateway for British companies to access a broader market in ASEAN, added Mr. Vuong. Over the past years, Vietnam has been pushing for improvements in the business environment  towards greater transparency and convenience for businesses, said Mr. Vuong, adding the Vietnamese government puts strong emphasis on fairness and no discrimination among different economic groups. According to Mr. Vuong, Vietnam would give priority to administrative reform to better meet growing demands from a market-based economy and the process of global economic integration. Deputy Minister of Industry and Trade Hoang Quoc Vuong. Source: MoIT. In 2019, total FDI commitment to Vietnam stood at US$38.02 billion, up 7.2% year-on-year, while the disbursed amount was estimated at US$20.38 billion, up 6.7%. Investors have poured money into 19 fields and sectors in 2019, in which manufacturing and processing led the pack with investment capital of over US$24.56 billion, accounting for 64.6% of the total, followed by real estate with US$3.88 billion or 10.2% of the total, and …

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/ March 1, 2021

Modi takes home-grown vaccine as India widens immunisation drive

BHUBANESWAR -- Indian Prime Minister Narendra Modi was inoculated with the first dose of a home-grown coronavirus vaccine on Monday, kicking off an expansion of the country’s immunisation campaign as infections rise in some big states. People above 60, and those who are 45 or more and suffering from certain medical conditions, are now eligible for the vaccinations. But some inoculation centres reported issues with the government’s Co-Win portal used to coordinate the drive, which could slow its progress. India, which has reported the highest number of COVID-19 cases after the United States, has so far vaccinated 12 million health and front-line workers since starting its immunisation programme in mid-January. It wants to cover 300 million of its 1.35 billion people by August. “I appeal to all those who are eligible to take the vaccine,” 70-year-old Modi said on Twitter, posting a picture of him getting the shot at a government hospital in New Delhi. “Together, let us make India COVID-19 free!” The government said last week it would let people choose their vaccination centres, effectively letting beneficiaries pick either the home-grown COVAXIN shot or the AstraZeneca vaccine, unlike earlier. The inoculation campaign has run slower than expected due to a reluctance of health and front-line workers to take COVAXIN, which was approved without late-stage efficacy data. Only about 11% of vaccinated people have opted for the product developed by Bharat Biotech and the state-run Indian Council of Medical Research. Bharat Biotech has said efficacy data from a late-stage trial on nearly 26,000 volunteers who took COVAXIN will be out soon. The company, along with India’s drug regulator, says COVAXIN is safe and effective, based on early and intermediate studies. “Inspired and humbled by Hon’ble PM’s remarkable commitment to build an Aatmanirbhar Bharat,” Bharat Biotech said in reply to Modi’s tweet, referring to his self-reliance pitch to back local products. …

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