T0 settlement cycle

The officials discussed the issue during the first working day of the 55th ASEAN Foreign Ministers’ Meeting (AMM-55) and relevant meetings which opened on August 3 in Cambodia – the Chair of ASEAN 2022. Speaking at a press conference later the same day, Secretary of State at the Cambodian Ministry of Foreign Affairs and International Cooperation and spokesperson of AMM-55 Kung Phoak said the meeting suggested stakeholders to settle the East Sea-related issue by peaceful means which have been developed on the basis of recognized principles and laws, including the United Nations Convention on the Law of the Sea (UNCLOS) 1982. Delegates also underlined the need to accelerate the effective implementation of the Declaration on the Conduct of Parties in the East Sea (DOC), and soon conclude negotiations on a Code of Conduct (COC) in the East Sea, he said. Stakeholders should promote a favorable and peaceful environment in order to lay a foundation for trust-building and promoting a … [Read more...] about ASEAN proposes peaceful settlement of East Sea issue

Mr. Jerome Powell, Chairman of FED Many readers are now wondering how and why the US Federal Reserve Bank (FED) miscalculated on forecasting the current global inflation. In a talk with Saigon Investment, Prof. Dr. Tran Ngoc Tho discussed this issue further. JOURNALIST: - Sir, you are one person who has studied very carefully the inflation in many countries in general and the United States in particular. Please can you give Saigon Investment readers a basic sketch as to how this situation is prevailing and to its effect on other economies. Dr. Tran Ngoc Tho: - There are many factors explaining the current rising global inflation such as broken global supply chains, warming of the jobs market, loose monetary and fiscal stimulus packages, and the recent Russia-Ukraine conflict. It is not just the FED but almost all investors and financial institutions, not only in the US but also in most economies are wrong in believing that high inflation is a thing of the past. However, if … [Read more...] about US Federal Bank caught off guard by global inflation

Representatives of ASEAN and the six new parties to the Treaty of Amity and Cooperation in Southeast Asia at the signing ceremony in Phnom Penh on August 3 (Photo: VNA) Hanoi (VNA) – Six more countries have taken part in the Treaty of Amity and Cooperation in Southeast Asia (TAC), raising this deal’s membership to 49. Representatives from Denmark, Greece, the Netherlands, Oman, Qatar, and the United Arab Emirates signed the instrument of accession to the TAC in the presence of ASEAN foreign ministers on August 3, on the sidelines of the 55th ASEAN Foreign Ministers' Meeting ( AMM-55 ) in Phnom Penh, Cambodia . In his remarks, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn, who also chaired the AMM-55, said it was his country’s honour to host the signing ceremony. Such a high number of parties shows the importance of the TAC in terms of its fundamental objectives and principles of promoting friendly multilateral cooperation and peaceful … [Read more...] about Six more countries join amity, cooperation treaty in Southeast Asia

A single mum in the southern province of Ben Tre has received financial support of over VND308 million (USD13,391) from the public to help save her small son from cancer after her story was published on Dantri/Dtinews. Nguyen Thi Han came to Dantri/Dtinews' Ho Chi Minh City office on August 1 to receive VND 280,544,877 from readers that had been sent to the newspaper's charity programme to support her son. On the same day, the Vietnam Study Promotion Fund also gave her VND 28,309,000. Nguyen Thi Han (left) receives VND 280,544,877 on Augusts 1 Receiving the donations, Han sent her sincere thanks to all kind donors for their valuable support to her family. "Many people have called to express their sympathy and sent their best wishes to us," she said. The young mother also shared that her son was getting better while receiving treatment at the hospital. "He has undergone four cycles of chemotherapy and he is gaining weight," she said. "As he is … [Read more...] about Single mum receives public support to save ailing child

Can you give an overview of SANSE, its goals, and past results? Nguyen Trang Linh, head of development at SANSE, founded in 2016 by students at the United Nations International School in Hanoi SANSE’s mission is to promote the sustainable growth of impoverished, geographically challenged, and agriculturally dependent regions in Vietnam; foster an understanding and connection between urban and rural communities; and promote the local educational systems and other learning opportunities as a tool to assist the sustainable growth of rural regions in Vietnam. We’re currently working to achieve these goals in the ethnic Tay village of Ban Lien in Lao Cai by providing infrastructure and education. Over the last six years of operation, we’ve invested around $8,700 into building new roofs, a well, and a kindergarten in Ban Lien. We’ve also helped to provide equipment for a medical station in the area. We’re now planning to build a library for the primary and middle … [Read more...] about SANSE prepares youth for sustainable development

The defense chief made the request at a working session with the two departments on the implementation of and disbursement for the MND’s programs and projects on August 4. At the working session, representatives of the two departments reported that the MND’s disbursement rates in the first seven months of this year were higher than the national ones on average. In order to speed up the disbursement, the MND has issued a number of documents to adjust dozens of projects with low disbursement or inability to be fully disbursed to allocate the capital for new projects signed by the Prime Minister for the 2021-2025 period and approved by the MND for investment in 2022. In his concluding speech, General Giang lauded the two departments and the MND’s relevant agencies for thoroughly grasping their duties and active implementation of State and Government-assigned plans. He also praised them for giving timely recommendations to the MND leaders to direct units in the whole military to … [Read more...] about Defense Minister urges speeding up disbursement for major projects

Photo: Monks and Khmer people in Phum Soc villages in Soc Trang province decorate the temple grounds to welcome the new year. (Photo: VNA) Hanoi (VNA) - Chol Chnam Thmay New Year is the biggest festival on the Khmer calendar, which takes place around mid-April of the solar calendar every year. The festival expresses the wish for a new year of favourable rain and wind, and bountiful crops. These days, coming to temples of the Khmer ethnic group in the south, visitors will be immersed in the bustling atmosphere to welcome the Chol Chnam Thmay traditional New Year. According to locals, this is the time between rainy and dry seasons with lush vegetation, considered as the beginning of a favourable year. Chol Chnam Thmay Festival usually takes place around mid-April every year. If the Thanh Minh (grave-visiting) is an occasion for Vietnamese and Chinese people to look to the past to remember their ancestors and deceased relatives, take care of and repair graves, the Khmer … [Read more...] about Chol Chnam Thmay – biggest festival of Khmer people

Participants affirmed the ARF is the most important forum of ASEAN to promote dialogue and mutual understanding. They reviewed the operation and proposed development orientations of the forum in the time to come. The attending foreign ministers welcomed the implementation of trust-building activities and preventive diplomacy, through which trust was enhanced and cooperation expanded. They agreed to give priority to cooperation in the areas of disaster relief, terrorism and transnational crime combat, maritime security, defense, peacekeeping, counter-proliferation of nuclear weapons, and disarmament, and agreed on a list of activities for the 2022-2023 period. Vietnam will co-chair a number of activities related to the implementation of the United Nations Convention on the Law of the Sea (UNCLOS) 1982, health security, security, and nuclear safety. Participants spent time discussing many regional and international issues. Sharing common concerns, FM Son emphasized the importance … [Read more...] about Foreign Minister Bui Thanh Son attends 29th ARF in Phnom Penh

The EU is Vietnam’s second-largest trading partner and an export market that witnessed the euro fall below $1 for the first time in nearly 20 years on July 29. Euro-dollar parity threatens the nation’s exports, source: freepik.com Pham Van Viet, chairman of Viet Thang Jeans, the top 5 leading fashion companies in Indochina, said that the immediate impact on textile and garment export enterprises is a decrease in value. All customers in Europe pay in euros and Vietnamese businesses that receive money back home must exchange it for USD. Now that the euro has fallen to the level of the US dollar, the export value of each shipment will decrease accordingly. “Profits of businesses are low because input costs such as gasoline, input material prices, and labour costs have all increased, now the plunge in euro prices will drag profits down even more,” he told VIR. Viet added that the depreciation of the euro shows that the European market is currently unstable, and … [Read more...] about Euro-dollar parity threatens the nation’s exports

What are the concerns surrounding the Uyghur Forced Labor Prevention Act (UFLPA) implementation among Vietnamese garment exporters to the US? Association chairman Vu Duc Giang Some of the concerns are real. Since the UFLPA became effective in June, Vietnam has witnessed certain impacts on its garment exports to the US. Vietnam has maintained its position as the world’s third-largest cotton importer with a volume of 1.5 million tonnes per year. This includes 800,000 tonnes of cotton imported from the US, accounting for 60 per cent of the total imports. In January 2021, US Customs and Border Protection announced a ban on raw fibres, apparel, and textiles made from Xinjiang-grown cotton, which also covers cotton products made in third countries. Customs will detain imported merchandise unless the importer can prove by clear and convincing evidence that the goods were not from Xinjiang. What is the status of the recommendations from the US on Chinese cotton? Vietnam … [Read more...] about Facilitating recovery of Vietnam’s yarn sector in midst of US policy enforcement