Soe reform china

Vietnam and China share a long border with the busiest border gates serving trade connections. Vietnam’s top leaders including General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong and Prime Minister Pham Minh Chinh today [March 28] met Wang Ning, party secretary of Yunnan Province, China as part of gestures to strengthen the ties between border areas. General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong (R) and Wang Ning, party secretary of Yunnan Province, China, at the meeting in Hanoi on Mar 28. Photo: VNA Wang Ning is in Vietnam to co-chair a meeting between party secretaries of Vietnam’s Ha Giang, Lao Cai, Lai Chau, and Dien Bien provinces. The meeting is the third of its kind to set goals for cooperation between the localities. At the meeting in Hanoi on March 28, Trong highly appreciated the cooperation and expected Yunnan and Vietnamese border localities to be role models in implementing the consensus … [Read more...] about Vietnam, China enhance border ties

At the meeting, the Vietnamese general congratulated China on successfully organizing the National People’s Congress and the Chinese People's Political Consultative Conference, during which the new defense minister was voted and named. Through the Chinese defense attaché, General Chien conveyed Vietnamese Defense Minister General Phan Van Giang’s congratulations to his Chinese counterpart Li Shangfu. The host underlined that the Vietnamese Party, Government and MND always attach importance to the comprehensive strategic cooperative partnership between the two countries. He emphasized that the comprehensive cooperation between the two parties and nations is the premise for expanding the bilateral defense ties in an intensive, effective and practical manner in many fields, in line with the spirit of the Vietnam - China joint statement on continuing to strengthen and deepen the Vietnam - China comprehensive strategic cooperative partnership reached after the official China visit by … [Read more...] about Vietnam, China enhance defense cooperation

In 2022, two-way trade between Yunnan (China) and the bordering provinces of Vietnam is expected to reach US$3.25 billion. The provincial authorities of Vietnam's Lao Cai and China's Yunnan agreed on March 28 to take necessary measures to lift their comprehensive ties, especially trade. A truck that links Lao Cai and Yunnan Province passes the Kim Thanh II International Border Gate. Photo: The Hanoi Times "The comprehensive partnership between Lao Cai and Yunnan has improved tremendously in recent years, but it has not reached its full potential," said Hoang Quoc Khanh, permanent vice chairman of the Lao Cai Provincial People's Committee. Khanh suggested that Yunnan authorities further relax regulations and facilitate cross-border trade and travel between the two nations to improve bilateral relations. The Lao Cai official said Chinese authorities should restore trade and travel activities to pre-pandemic levels. He also urged the Chinese government to … [Read more...] about Lao Cai and Yunnan provinces agree to strengthen bilateral ties

The resolution is a necessary move to ensure sustainable development of Vietnam’s exports and lawful rights of local compliant traders. The Vietnamese government on December 31, 2019 issued Resolution No.119/NQ-CP with an aim to address rampant cases of origin fraud and illegal transshipment, in a move to show its determination to ensure fair trade with major partners. Illustrative photo. The resolution is a necessary move to ensure sustainable development of Vietnam’s exports and lawful rights of local compliant traders, particularly with the enactment of new free trade agreements such as the Comprehensive Progressive Trans – Pacific Partnership (CPTPP) and the EU – Vietnam Free Trade Agreement (EVFTA) in the context of the ongoing US – China trade war, the Ministry of Industry and Trade (MoIT) said in a statement on its portal. Additionally, the resolution is expected to attract foreign investment in hi-tech projects with greater added value, helping local … [Read more...] about Vietnam government vows to combat origin fraud

The fact that Asanzo only assembled products with components made by other companies but then labeled them as “Made-in Vietnam” is not an offense. The lack of specific criteria for “Made-in-Vietnam” products as well as for products assembled and then sold domestically means electronic firm Asanzo has not committed trade fraud, according to the conclusion the Anti-corruption, Economic crimes and Smuggling Department, aka C03, under the Ministry of Public Security. Electronic firm Asanzo is concluded not to commit trade fraud. As a result, the fact that Asanzo only assembled products with components made by other companies but then labeled them as “Made-in Vietnam”, “Manufactured in Vietnam”, or “Origin from Vietnam”, is not an offense, said C03. C03 requested the General Department of Vietnam Customs to check components and parts imported by Asanzo after they had been cleared by the customs authorities to ensure the firm’s compliance with laws on … [Read more...] about Vietnam electronic firm Asanzo not committed trade fraud

"Vietnamese authorities always closely follow situations on the East Sea and resolutely perform management measures and legal conducts in accordance with international law, especially the United Nations Convention on the Law of the Sea and Vietnamese law," said deputy spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang, according to the ministry’s official website. Vietnam calls the South China Sea the East Sea. Hang’s comment came after reporters last week requested an official reaction to the news of the Chinese ship Haiyang Dizhi 4 Hao operating within Vietnam’s EEZ. The survey vessel was built in 1980 and has a capacity of around 1,000 tons, according to vessel tracking website Marine Traffic. In accordance with UNCLOS, coastal states have full rights of sovereignty over their EEZ and continental shelf for the purposes of exploration and natural resources exploitation. Other UNCLOS member states can only perform marine scientific research within these regions with … [Read more...] about Vietnam reaffirms vigilance on East Sea situation

A factory in Dong Nai province's Giang Dien Industrial Zone. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam attracted nearly 5.45 billion USD worth of foreign investment in the first quarter of the year, down 39% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment . Of the three-month figure, over 3 billion USD came from 522 newly-licensed projects, up 62% in a number of projects but down 6% in the amount of capital compared to the same period last year. Some 1.2 billion USD was added to 228 existing ones, representing a yearly hike of 3% in a number of projects and a yearly decline of 70.3% in the capital. However, foreign investors' capital contribution and share purchases rose 4% year-on-year to 798 million USD, the FIA said. Along with the contraction in fresh capital, the disbursed capital also slightly plunged 2.2% from a year earlier to 4.3 billion USD, it noted. The most significant proportion of the … [Read more...] about Vietnam’s foreign investment plunges 39% in Q1

Of the figure, there were 11 new projects with a total registered capital of nearly 50 million USD and 22 others with additional capital of more than 451 million USD, mostly those from Japan, the Republic of Korea and Taiwan (China). All of them utilize advanced technology and skilled labor in priority investment sectors. Among the 11 new FDI projects, six are in support industry. Deputy head of the board Pham Van Cuong said over recent months, FDI attraction in Dong Nai has thrived with increasing quantity and quality of projects which involve the construction of new factories and manufacturing expansion. Foreign investors pin high hope on projects underway in the province, especially Long Thanh airport and expressways. The province has also stepped up administrative reform and dealt with investor concerns, he said. According to the approved plan, Dong Nai has 40 industrial parks (IPs) with an area of about 19,000ha. The province is now home to 32 IPs that are already in … [Read more...] about Dong Nai’s FDI attraction booming, nearly triple in Q1

A durian farm in the southern province of Ba Ria-Vung Tau's Chau Duc District. — VNA/VNS Photo The export of Vietnamese durian to China through the official channel since September 2022 opened up new prospects for Viet Nam's fruit and vegetable industry. According to statistics from the Ministry of Agriculture and Rural Development (MARD), Viet Nam has over 100,000 ha of durian with an annual output of about 1.3 million tonnes. However, only 3,000 ha (3 per cent) of the total meet standards for export to China. The Mekong Delta province of Tien Giang and the Central Highlands province of Dak Lak have the largest durian areas meeting export standards in the country. According to the Deputy General Director of Dung Thai Son Import-Export Company, Vu Ngoc Huy, China is a large market with a strong durian consumption capacity. The firm can export 500,000 tonnes of fresh durian per year, accounting for over one-third of the total durian output of the country, Huy said. La Tran … [Read more...] about Durian to make breakthrough for Viet Nam’s fruit exports

Prime Minister Pham Minh Chinh (R) and Secretary of the Yunnan provincial Party Committee Wang Ning. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh underlined the importance of the Vietnam-China comprehensive strategic cooperative partnership in Vietnam’s external policy during a reception in Hanoi on March 28 for Wang Ning, Secretary of the Yunnan provincial Party Committee and Chairman of the Standing Committee of the provincial People's Congress. The talk between PM Chinh and his guest focused on measures to tap the potential and strengths of both sides and further promote bilateral cooperation, especially between Vietnamese localities and Yunnan province in the near future. At the reception (Photo: VNA) The Vietnamese government leader urged tightening coordination in border protection and management in accordance with the three legal documents on the Vietnam-China land border and related agreements, so as to jointly build a borderline of peace, … [Read more...] about PM hosts leader of Yunnan provincial Party Committee