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Navy lieutenant rank

/ 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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/ February 28, 2021

MND presents noble titles to outstanding doctors

The event saw the presence of Deputy Defense Minister Senior Lieutenant General Tran Don, Deputy Director of the General Department of Politics (GDP) Senior Lieutenant General Do Can, Deputy Chief of the General Staff (GS) Lieutenant General Ngo Minh Tien, and Director of the General Department of Logistics Lieutenant General Tran Duy Giang. According to the decision of the State President, this time, 20 military doctors received the People's Doctor title, while 75 of their colleagues were presented with the Meritorious Doctor title. Over the past time, 1,700 military doctors have been honored with these two titles. Authorized by the State President, leaders of the MND, GDP and GS handed over the noble titles to outstanding military doctors. Addressing the event, General Don acknowledged and hailed the great achievements of troops serving in the military medical field in general, and those who have gained these titles in particular. He hoped that in the coming time, military doctors would strictly embrace resolutions and directives of higher levels, try their best to raise competence while focusing on studying and following President Ho Chi Minh’s thought, morality and lifestyle so as to fulfill all assigned missions. Especially, they, together with the whole nation, should actively join hands to prevent and control COVID-19 and curb the spread of the pandemic into military units, deserving the trust of the Party, State, military and people. Translated by Minh Anh …

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/ February 27, 2021

Vietnam sees breakthroughs in trade with the UK

As assessed by the European-American Market Department under the Ministry of Industry and Trade (MOIT), this is a really impressive growth rate in the context of many trading partners of Vietnam encountering difficulties due to the impact of the COVID-19 pandemic. Such an optimistic signal is even more meaningful in light of the fact that the Vietnam-UK Free Trade Agreement (UKVFTA) has been temporarily applied since January 1, 2021, promising to continue creating new motivation for bilateral economic-trade cooperation in the near future. In the structure of Vietnam’s export items to the UK, agricultural exports retained stable and positive growth, with seafood exports reaching US$19.72 million (up over 18% year-on-year) and fruit exports hitting more than US$1 million (up 148.6%). These are all commodity industries with many opportunities for increased export value through tariff preferences as prescribed by the UKVFTA. According to UKVFTA commitments, the import tax on most raw shrimp (fresh, frozen, chilled) into the UK will be reduced from the basic tax rate of 10-20% to 0% as soon as the agreement comes into force. For vegetables and fruits, it will immediately eliminate 94% of the total 547 tariff lines. Many products of Vietnam’s strength such as litchi, longan, rambutan, dragon fruit, pineapple and melon, will have more market access advantages compared to tropical fruits originating from competing countries like Brazil, Thailand, and Malaysia which have not signed an FTA with the UK. The manufacturing industry also registered amazing growth regarding its January exports to the UK, with US$252.59 million of phones and spare parts (up more than 371% year-on-year); US$74.58 million of machinery, equipment and spare parts (up nearly 110%); US$31.82 million of computers and electronic components (up 91%); and US$15.96 million of iron and steel of various types (up 11%). Meanwhile, Vietnam imported over US$59 million worth of products from the UK last …

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