In parliamentary government the prime minister

PM Pham Minh Chinh (R) and Liu Ning, Secretary of the Party Committee and Chairman of the Standing Committee of the People's Congress of China’s Guangxi Zhuang Autonomous Region , at the meeting in Hanoi on March 31. (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh received Liu Ning , Secretary of the Party Committee and Chairman of the Standing Committee of the People's Congress of China ’s Guangxi Zhuang Autonomous Region, in Hanoi on March 31. Prime Minister Pham Minh Chinh emphasised that in Vietnam’s overall foreign policy, the comprehensive strategic cooperative partnership between Vietnam and China always holds an important position. The two sides need to continue to thoroughly grasp and concretise the common perceptions reached by Party General Secretary Nguyen Phu Trong and Party General Secretary and President of China Xi Jinping on bringing Vietnam-China relations into a new stage of development, he said. Congratulating Guangxi on its … [Read more...] about Prime Minister hosts China’s Guangxi leader

Bangkok (VNA) – Secretary-General of the Association of Southeast Asian Nations (ASEAN) Kao Kim Hourn has pledged to support efforts to combat transboundary haze pollution in the region. Hazardous haze affecting several ASEAN member countries was one of the issues discussed by the ASEAN leader and Thai Prime Minister Prayut Chan-o-cha during their meeting in Bangkok on March 30 as part of the former’s ongoing visit to Thailand from March 29 to April 1. The Thai PM underlined that transboundary haze crisis has posed a serious regional challenge that needs an urgent solution The problem has caused a health hazard and disruption to tourism not only in Thailand but also in neighbouring countries, he said, asking for the ASEAN leader’s coordinate efforts to tackle the problem and hold an urgent meeting with member countries to discuss a solution, particularly measures to reduce hotspots in the region. ASEAN Secretary-General Kao Kim Hourn agreed that the issue needs to be … [Read more...] about ASEAN leader vows to support efforts against regional haze pollution

Vietnam ese Deputy Minister of Foreign Affairs Le Thi Thu Hang (R) and Italian Undersecretary for Foreign Affairs and International Cooperation Maria Tripodi (Photo: VNA) Rome (VNA) – Vietnamese Deputy Minister of Foreign Affairs Le Thi Thu Hang and Italian Undersecretary for Foreign Affairs and International Cooperation Maria Tripodi co-chaired the fifth political consultation between the two ministries to discuss orientations to promote the bilateral Strategic Partnership in the coming time. The two sides expressed their delight that the consultation was held on the occasion of the 50th anniversary of the establishment of the bilateral diplomatic ties, and the 10th founding anniversary of the Strategic Partnership. They highly appreciated outstanding results in bilateral economic cooperation with the two countries becoming each other's important trading partner in the region. Two-way trade reached more than 6.2 billion USD in 2022, up 11% year-on-year, thanks to … [Read more...] about Vietnam, Italy agree on orientations to enhance Strategic Partnership

Deputy Prime Minister Tran Luu Quang (R) and  Kim Myoung-kyu, Vice President of LG Display Co Ltd. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Luu Quang hosted a reception for Kim Myoung-kyu, Vice President of LG Display Co Ltd, a subsidiary of LG Group of the Republic of Korea (RoK), on March 31 in Hanoi. During the meeting, Quang suggested the RoK firm expand its investment in Hai Phong and other Vietnam ese localities and build a research & development centre in Vietnam. The Deputy Prime Minister highly appreciated the investment and business efficiency of LG Group and LG Display in particular in Vietnam, saying that those have contributed to the Southeast Asian nation’s socio-economic development, and deepening the Vietnam – RoK comprehensive strategic partnership. Quang said the Vietnamese Prime Minister has approved the adjusted master plan of Hai Phong city to 2040, with a vision towards 2050, which aims to expand the land fund for … [Read more...] about Vietnam calls for more investment from LG

Britain on Friday said it had struck a deal to join an 11-country trans-Pacific trade pact which includes Japan and Australia as it looks to deepen ties in the region and build its global trade links after leaving the European Union. Prime Minister Rishi Sunak said Britain had agreed to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), in a move his office said was the biggest trade deal since Brexit. A previous government impact assessment estimated the deal would add just 0.08% to GDP in the long term, but Britain has strategic - not just economic - motives, as it can now influence whether applicants China and Taiwan may join the group. "Joining the CPTPP trade bloc puts the UK at the centre of a dynamic and growing group of Pacific economies," Sunak said, adding the deal demonstrated "the real economic benefits of our post-Brexit freedoms." Britain has been looking to build trade ties following its departure from the EU in 2020, … [Read more...] about Britain, building post-Brexit ties, to join trans-Pacific trade pact

Speaking at a meeting on March 30, Deputy Prime Minister Ha said, "Planning cannot be entirely reliant on the government or subcontracted to enterprises." Deputy Prime Minister Tran Hong Ha According to Ha, the concerns included in the preparation must be calculated, analysed, and be reflective of market demand and industrial development criteria, among them reserve time, product quality standards, storage systems, fire safety, and sanitation facilities. The DPM stated, "The framework of private, corporate, commercial, and national reserves for emergencies must be described in terms of management model, administered and coordinated to ensure consistency, and harmonised in the interests of all stakeholders." According to the standards of the International Energy Agency, the national planning on storage and stockpiling of petroleum and gas seeks to guarantee extra capacity of petroleum products and crude oil for the entire country equal to 75–80 days of net imports, … [Read more...] about Vietnam to expand petroleum stockpiles to 75-80 days of net imports

Vietnam plans to expand its crude oil and petroleum product reserves to 75-80 days of net imports by 2030 and 90 days by 2050. The national petroleum and gas supply reserve infrastructure is predicted to cost VND270 trillion (US$11.4 billion) by 2030. Deputy Prime Minister Tran Hong Ha at the meeting. Source: VGP Minister of Industry and Trade Nguyen Hong Dien commented on March 30 during a meeting of the Appraisal Council for the draft National Petroleum and Gas Reserve Infrastructure Plan. The minister stated that the country's liquefied petroleum gas (LPG) storage infrastructure is limited, with only ten 10,000 m3 or larger warehouses. Furthermore, no operational liquefied natural gas (LNG) warehouses are nationwide. "The development of new gas pipelines connecting warehouses to consumers has also encountered challenges due to a lack of designated corridors within industrial parks for gas pipelines," Dien explained. In the case of petroleum, there … [Read more...] about $11 billion required for Vietnam’s oil and gas infrastructure development

Speaking at an event for "Support to Vietnam for the implementation of the Paris Agreement” (VN-SIPA), Jens Schmid-Kreye, deputy director of the Department of Economic Cooperation and Development at the German Embassy in Vietnam said, "The Vietnamese government and people can depend on the assistance of the German government to help the country strive towards the objectives of the Paris Agreement." Jens Schmid-Kreye, deputy director of the Department of Economic Cooperation and Development, Embassy of Germany in Vietnam Schmid-Kreye urged Vietnamese agencies and sectors to continue "joining hands and working collaboratively towards the goal of carbon neutrality by 2050 by implementing the Nationally Determined Contribution (NDC) and the Just Energy Transition Partnership." Vietnamese ministries and sectors are integrating strategic policies and plans with solutions to execute the NDC to provide a foundation and legal framework for achieving net-zero emissions by 2050. … [Read more...] about Vietnam aggressively implementing the Paris Agreement

The project was funded by the German Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) under the International Climate Initiative (IKI) and implemented by the German Corporation for International Cooperation (GIZ) from 2019 to 2023. Addressing the event, Tang The Cuong, Director of the Department of Climate Change under the Ministry of Natural Resources and Environment, said as one of the countries that are hardest hit by climate change, Vietnam has made strong commitments to joining hands with the international community in responding to climate change. The Government of Vietnam ratified the Paris Climate Accords in 2016 and issued a plan to implement the agreement. At the 26th UN Climate Change Conference (COP26), the Vietnamese Prime Minister announced Vietnam’s commitment to net-zero emission by 2050. As part of efforts to realise the commitment, Vietnam has significantly increased its contribution to greenhouse gas emission reductions in the updated … [Read more...] about German-funded project supports Vietnam in implementing Paris Agreement

The two sides expressed their delight that the consultation was held on the occasion of the 50th anniversary of the establishment of the bilateral diplomatic ties and the 10th founding anniversary of the strategic partnership. They highly appreciated outstanding results in bilateral economic cooperation with the two countries becoming each other's important trading partner in the region. Two-way trade reached more than 6.2 billion USD in 2022, up 11% year-on-year, thanks to positive impacts of the European Union - Vietnam Free Trade Agreement (EVFTA). Le Thi Thu Hang affirmed Vietnam hopes to develop and deepen its strategic partnership with Italy – a member state with an important role in the E.U. She proposed the two sides step up delegation exchanges; maintain the efficiency of bilateral cooperation mechanisms in the fields of diplomacy, defense, economy, and science and technology; and coordinate together in organizing celebrations this year. Regarding socio-economic recovery … [Read more...] about Vietnam, Italy agree on orientations to enhance strategic partnership