30th Diplomatic Conference opens in Hanoi Deputy Prime Minister and Minister of Foreign Affairs, Pham Binh Minh, affirmed at the 30th Diplomatic Conference, which opened in Hanoi on August 13, that the diplomatic sector has completed the major tasks set out by the 12th National Party Congress. Addressing the conference, Party General Secretary, Nguyen Phu Trong, also shared the praise for the diplomatic sector, noting that in the past three years, especially in 2017, the sector recorded various important achievements and became a bright spot in the country’s success. Typhoon-triggered floods leave 10 dead, 2 missing Some roads in Son La, Yen Bai, Thanh Hoa and Nghe An were hampered by landslides (Photo: VNA) The death toll caused by the floods following typhoon Bebinca, the fourth storm to hit Vietnam this year, had increased to 10 as of August 18, according to the Office of the Central Steering Committee for Natural Disaster Prevention and Control. Of the dead victims, two were … [Read more...] about August 13-19: 30th Diplomatic Conference opens in Hanoi
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The Hanoitimes - Puerto Rican singer and songwriter Luis Fonsi will join other international and domestic artists at the 2018 Cocofest in Da Nang on July 6 and 7. Puerto Rican star Luis Fonsi, who rose to fame worldwide with the 2017 hit song Despacito and his team arrived in Da Nang International Airport on July 3. Accordingly, Luis Fonsi will bring the hit “Despacito” to perform at the 2018 Cocofest in Da Nang on July 6 and 7. Luis Fonsi arrivals in Vietnam. Photo: Kenh14.vn Luis Fonsi, born Luis Alfonso Rodríguez López-Cepero, took the world’s music by storm with his Latin pop song Despacito in collaboration with fellow Puerto Rican artist Daddy Yankee, which won a total of four Latin Grammy Awards. The music video had garnered more than 5.2 billion views on YouTube, breaking the record for most-viewed video in history of the Google-owned website. Despacito, translated into English as “Slowly,” also ranked the fifth best Latin … [Read more...] about Luis Fonsi – singer of Despacito arrives in Vietnam
Viet Nam is set to play a pivotal role in Southeast Asia’s future economic landscape and emerge as one of the region’s most important countries. Its explosive annual growth of nearly 8 per cent in the noughties has retrenched only to around 6.5 per cent on average since 2010. Strong growth should continue, not least due to a young, dynamic and well-educated labour force, which is nonetheless very competitively priced. The country also represents a highly attractive domestic market of 90 million citizens with middle-class aspirations – hence all the trade envoys visiting this beautiful place. Viet Nam also enjoys a crucial – and hard-won - place in the world’s supply chains, in large part due to the authorities’ very proactive approach to global trade. Investment into the country has been encouraged across a number of sectors, from electronics to farming. Meanwhile, a flurry of some 16 free trade agreements have helped Vietnamese exports explode, … [Read more...] about How will Trump’s trade tariffs affect Asian growth?
Viet Nam News By Brian Spence* The good news just keeps coming for the Vietnamese economy. As discussed in this column, it enjoyed its strongest start to the year in a decade – growing by 7.38 per cent year-over-year – in the first quarter of 2018, marking itself out as one of the true powerhouses of Asia. Best-case expectations for full-year growth are in the region of 6.7-6.8 per cent, but there are hopes of just over 7 per cent from some quarters. Now, the EU-Việt Nam Free Trade Agreement (EVFTA) is coming into view – a deal which has been heralded as the most ambitious of its kind between the bloc and a developing nation, and one which will put an end to 99 per cent of customs duties on goods. Although concluded in 2015, the EVFTA is only expected to have been ratified and come into force by the end of 2018; but, when it does, what a blessing it is likely to prove. It is expected that the Agreement will boost the Vietnamese economy by up to 15 per cent … [Read more...] about Votes of confidence for Việt Nam’s economy
Viet Nam News By Brian Spence Việt Nam’s Gross Domestic Product (GDP) expanded by 6.81 per cent in 2017, marking its highest growth rate in a decade. The country continues to storm ahead this year, with the economy growing by 7.38 per cent in the first quarter – one of the fastest rates in Asia – and total growth is expected to be in the region of 6.7-6.8 per cent (the former as targeted by the National Assembly) for the year. It could even hit 7.1 per cent, according to the Asian Development Bank. Looking ahead, the Vietnamese Government is seeking to maintain the country’s growth spurt until 2020, with Prime Minister Nguyễn Xuân Phúc having spoken of moves encouraging private companies – which currently account for 43 per cent of GDP – to grow and boosting investment into rural areas. Industry and construction are the engine rooms of this growth. Việt Nam’s competitiveness on wages, high labour … [Read more...] about Why the Smart Money is Staying on Vietnamese Growth