Deputy Minister of Foreign Affairs Bui Thanh Son (Photo: VNA) Tokyo (VNA) – Deputy Minister of Foreign Affairs Bui Thanh Son led a Vietnamese delegation to attend the first G20 Sherpa Meeting hosted by Japan from January 19-20. This was the third time Vietnam has invited to the G20 summit and related meetings, following its first attendance in the Republic of Korea and Canada in 2010 as Chair of the Association of Southeast Asian Nations (ASEAN), and the second in Germany in 2017 as Chair of the Asia-Pacific Economic Cooperation (APEC) forum. Vietnam’s presence at recent multilateral forums such as G20 and G7 has reflected the importance the world has attached to the country’s increasing position and role. In his remarks, Son emphasised the need to enhance policy coordination to ensure the global economic stability and step up sustainable, inclusive development, while supporting the multilateral trading system based on the law. Vietnam will continue to … [Read more...] about Vietnam attends G20 Sherpa meeting in Japan
G7 finance ministers meeting 2017
ECB plans end to bond buying if no new shocks for eurozone
The ECB's bond buys - currently set at €30 billion (US$35 billion) a month - and ultra-low interest rates are designed to stoke growth in the 19-nation single currency area. (AFP/Amelie QUERFURTH) "After September 2018 ... we will reduce the monthly pace of the net asset purchases to 15 billion euros until the end of December 2018 and then end net purchases," ECB President Mario Draghi told reporters in Latvian capital Riga. But he injected a note of caution by making the step "subject to incoming data confirming our medium-term inflation outlook." The ECB's bond buys - currently set at €30 billion (US$35 billion) a month - and ultra-low interest rates are designed to stoke growth in the 19-nation single currency area and power inflation to the bank's target of just below 2.0 per cent. More than three years after Draghi unleashed the "quantitative easing" programme, he said a review of economic data and internal ECB forecasts convinced policymakers they were on course to … [Read more...] about ECB plans end to bond buying if no new shocks for eurozone
PM discusses renewable energy in Việt Nam ahead of G7
Viet Nam News Prime Minister Nguyễn Xuân Phúc speaks to Reuters News Agency about how Việt Nam benefits from and contributes to international exchange at multilateral forums on the occasion of the G7 outreach meeting in Quebec City, Canada. Prime Minister Trudeau has invited you to attend the G7 Summit in Canada this June. One of the themes there is climate change, oceans and clean energy. Since the international investment community sees Việt Nam as one of the best places for growth in terms of renewables, can you tell us how Việt Nam aims to enable and support the development of and investment in clean energy and renewables? For example, Việt Nam has large rare earth reserves. Could those be used to manufacture batteries that would back up solar energy production in Việt Nam, and does Việt Nam therefore have a plan to explore and extract these rare earth reserves? Việt Nam is blessed with immense potential for clean … [Read more...] about PM discusses renewable energy in Việt Nam ahead of G7
Prime Minister highlights Vietnam’s potential for clean renewable energy development
Prime Minister Nguyen Xuan Phuc (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has highlighted Vietnam’s position for clean renewable development, affirming the country is well positioned to strongly develop renewable energy and gradually reduce the use of fossil fuels. The PM made the statement during an interview granted to Reuters News Agency on the occasion of the G7 Outreach Summit in Quebec city, Canada. Following is the full text of the interview. Correspondent: Prime Minister Trudeau has invited you to attend the G7 Summit in Canada this June, one of the themes of which is climate change, oceans and clean energy. Since the international investment community sees Vietnam as one of the best growth areas in terms of renewables, please can you tell us how Vietnam aims to enable and support the development of and investment in clean energy and renewables? For example, Vietnam has large rare earth reserves. Could those be used to manufacture batteries … [Read more...] about Prime Minister highlights Vietnam’s potential for clean renewable energy development
Granting interview to Reuters, PM Phuc reveals, Vietnam has strategy for renewables development
Prime Minister Nguyen Xuan Phuc delivers a speech at the sixth Mekong Greater Sub-Region Summit in the National Convention Center (NCC) in Hanoi, Vietnam on March 31, 2018. Photo: Reuters Correspondent: Prime Minister Trudeau has invited you to attend the G7 Summit in Canada this June, one of the themes of which is climate change, oceans and clean energy. Since the international investment community sees Vietnam as one of the best growth areas in terms of renewables, please can you tell us how Vietnam aims to enable and support the development of and investment in clean energy and renewables? For example, Vietnam has large rare earth reserves. Could those be used to manufacture batteries that would back up solar energy production in Vietnam, and does Vietnam therefore have a plan to explore and extract these rare earth reserves? Prime Minister Nguyen Xuan Phuc: Vietnam is blessed with immense potentials for clean renewable energy development. The potential capacity of … [Read more...] about Granting interview to Reuters, PM Phuc reveals, Vietnam has strategy for renewables development