Trade war vietnam benefit

Vietnam and Cambodia have entered a stage of comprehensive cooperation and mutual benefit with a five-decade legacy. Senior leaders of Vietnam and Cambodia attended a ceremony in the Hanoi Opera House today [June 24] to celebrate the 55th founding anniversary of the Vietnam-Cambodia diplomatic relations (June 24, 1967-June 24, 2022). Senior officials of both Vietnam and Cambodia at a celebrating ceremony in Hanoi on June 24. Photos: VGP Attending the ceremony are Vo Van Thuong, Politbureau member and standing secretary of the Party Central Committee’s Secretariat, and Men Sam An, Permanent Deputy Prime Minister of Cambodia. Addressing the event, Men Sam An said Vietnam’s assistance has helped bring Cambodia out of a period of mourning and separation. “Vietnam’s support and help have contributed to turning Cambodia from a nation separated by war to a unified country with complete peace and development in all fields,” she noted. A week ahead of the … [Read more...] about 55th anniversary of Vietnam-Cambodia relations observed

Vietnam and Cambodia have been fostering their security and defense ties and sticking to the principle of not allowing hostile forces to use one’s territory to harm the other, Vietnam’s Deputy Prime Minister Le Minh Khai has said. The Vietnamese official was speaking at the ceremony to celebrate the 55th anniversary of the establishment of Vietnam - Cambodia diplomatic relations held in Hanoi on Friday. In his opening speech, deputy PM Khai, on behalf of the Vietnamese Party, State leaders and people, extended his greetings to the Cambodian counterparts on the significant day of the two nations. He emphasized that the geographical proximity along with cultural and historical similarities are a firm foundation for Vietnam and Cambodia to build and develop one of the long-lasting traditional relationships in Southeast Asia. The deputy PM reiterated Vietnam’s consistent policy to support an independent, peaceful, neutral and developing Cambodia. Vietnam always attaches great … [Read more...] about Vietnam, Cambodia not allow other countries to use one’s territory to harm other: Vietnamese deputy PM

A car shop in HCMC The US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72 percent year-on-year in the April-June period, compared to 5.05 percent of the previous quarter. That was quicker than the median estimate for a 5.9 percent gain in a Bloomberg survey, and the highest level since at least the first quarter of 2013, it said. The performance helped lift growth in the first-half to 6.42 percent from a year ago, beating the GSO’s forecast for a 5.5 percent pace. The government targets full-year growth at 6 percent-6.5 percent. The gains in momentum coincide with Vietnam emerging as one of the alternative destinations for foreign investment amid trade disruptions from China’s lockdowns, the war in Ukraine, and lingering tensions between Beijing and Washington. The economy also benefited from fiscal stimulus worth about VND347 trillion  (US$15 billion), and an easy monetary policy that makes the … [Read more...] about Vietnam’s economic growth accelerates on back of exports: Bloomberg

Outstanding tariff preferences The British Embassy in Vietnam has forecast that Vietnam will save about US$151 million in tariffs from the deal, while the UK stands to save around US$36 million. Although the UKVFTA took effect at a time when the pandemic was ravaging the two countries, bilateral trade still reached US$6.6 billion in the pact’s first year. In fact, 65 percent of all tariffs have already been eliminated from UK-Vietnam trade. In the first six years of the deal, the UK will eliminate 99.2 percent of tariff lines on Vietnam’s imports. This is higher than the terms of the EU-Vietnam Free Trade Agreement (EVFTA) with 70.3 percent tariff elimination. Vietnam pledges to eliminate 48.5 percent of tariffs, matching other EU countries under the EVFTA. Import tax on most types of Vietnam’s raw shrimp into the UK is being scrapped Other tariff preferences in the UKVFTA include zeroing out import tax on most types of raw shrimp into the UK from 10-20 percent; a … [Read more...] about UK trade pact benefits Vietnam

Ambassador of Luxembourg to Việt Nam, Jean-Paul Senninger, writes for Việt Nam News on Luxembourg’s National Day (June 23) In 2023, Việt Nam and Luxembourg will celebrate their 50th anniversary of diplomatic relations. Since then, the world has changed significantly, and so have our countries. Since the outset, our countries have nurtured excellent bilateral relations, which encompassed significant support to Việt Nam’s rural, health and tourism sectors. These building blocks supported Việt Nam’s successful SDG agenda and paved the way, in recent years, to close cooperation in the banking and finance sectors, as well as academia and research. Beyond these sectors, we see tremendous opportunities in digital innovation, start-ups, green energy, circular economy, health tech, automotive and logistics. Bourscheid Castle in north-eastern Luxembourg. The medieval castle, which stands on a site with archaeological evidence of structures dating back to Roman times, is a tourist … [Read more...] about Luxembourg and Việt Nam to celebrate 50 years of friendship

Foreign Minister Bùi Thanh Sơn co-chairs the Việt Nam-Cambodia Joint Committee on Economy, Agriculture, Science and Technology last December. — VNA/VNS Photo Foreign Minister Bùi Thanh Sơn talks to the press about outstanding achievements in relations between Việt Nam and Cambodia on the 55th anniversary of diplomatic ties (June 24). Can you talk about the history and meaning of the establishment of the diplomatic relations between Việt Nam and Cambodia, on the occasion of the 55th anniversary of the bilateral ties? Việt Nam-Cambodia relations were formed and developed from the common requirements and goals of the cause of struggling for national liberation of the two countries. The solidarity between the two countries during the years of resistance wars against the colonialists and imperialists, initiated by President Hồ Chí Minh and leaders of the Cambodian national liberation movement, created great strength for soldiers and people of the two countries to fulfil the goals … [Read more...] about Foreign Minister praises Việt Nam-Cambodia relations on 55th anniversary of ties

Art performance at the celebration for 55th anniversary of Việt Nam-Cambodia diplomatic relations held in Hà Nội on Friday. — VNA/VNS Photo Văn Điệp HÀ NỘI — A grand celebration was held at Hà Nội Opera House on Friday to mark the 55th anniversary of Việt Nam-Cambodia’s diplomatic relations (June 24, 1967-2022), with the participation of high-level delegations from both countries led by their respective Deputy Prime Ministers. Vietnamese Deputy Prime Minister Lê Minh Khái in his address stressed that geographical proximity and historical, and cultural similarities are the solid foundation for the two countries to cultivate one of the oldest relations in Southeast Asia. He said after the Democratic Republic of Việt Nam and the Kingdom of Cambodia officially set up diplomatic ties 55 years ago, the two had been closely accompanying each other in the fight for national liberation, which eventually came in the spring of 1975. When Cambodia faced the genocidal threat from the Pol … [Read more...] about Việt Nam, Cambodia celebrate close-knit ties on 55th anniversary of diplomatic relations

A worker produces anti-counterfeit stamps at Tiên Dương Organic Agricultural Cooperative in Hà Nội. Photo Nguyễn Hoàng HÀ NỘI — Despite production and market difficulties due to the pandemic and climate change, many districts, firms and organisations in Hà Nội's agricultural sector have remained strong thanks to the application of science and information technology. It has helped them improve their products’ value and meet the technical requirements of import markets. In the past few years, Hà Nội's agriculture sector has implemented many programmes and solutions to support businesses and cooperatives to promote the application of information technology in the production and processing of agricultural products, which have brought many benefits, such as increasing the product value, food safety management and product information transparency. Trần Sỹ Hùng, Director of Nghĩa Minh Mushroom Cooperative in Đan Phượng District, said his cooperative had applied information technology … [Read more...] about Hà Nội applies IT to enhance value of agricultural products

National Assembly Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér sign a new cooperation agreement between the two parliaments in Budapest on Monday. — VNA/VNS Photos Doãn Tấn BUDAPEST — A new cooperation agreement between Việt Nam and Hungary’s national assemblies was assigned by National Assembly (NA) Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér in Budapest on Monday. The document was signed after the two officials spoke at the Hungarian Parliament building, which was part of Huệ’s official visit to the country. The agreement was based on the comprehensive partnership between the two countries, and the cooperation agreement signed between the two national assemblies in 2008. It aims to strengthen the partnership and multifaceted cooperation between Việt Nam and Hungary based on the principles of equality, mutual benefit, mutual respect, compliance with each country's laws, and adherence to international treaties. With the new … [Read more...] about VN, Hungary’s parliaments sign new cooperation agreement

At the meeting with the visiting Cambodian Deputy-Prime Minister, Prime Minister (PM) Phuc congratulated the Cambodians on their great achievements in every aspect, and affirmed that the wish of the Vietnamese Party, State, Government and people is always for peace, stability, development and prosperity for Cambodia and its people. The host highly appreciated the recent results of bilateral cooperation between the police and security forces of the two countries in fighting drug-related crime, economic crime, cyber-crime, human trafficking and national security violations. The guest also said that the Cambodian Ministry of Interior always tries its best to well implement agreements between the leaders of the two countries, particularly on fighting trans-national crimes and building a Vietnam-Cambodia borderline of peace, stability and development. The visiting Deputy-PM took the chance to thank the Vietnamese Party, Government and Ministry of Public Security for their valuable … [Read more...] about PM Nguyen Xuan Phuc receives Cambodian Deputy-PM and Lao Police Chief