Vietnam china border exchange

MoIT concerned over potential electricity shortages Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week. In a report sent to the Government and the National Assembly, the Ministry of Industry and Trade (MoIT) said extreme weather conditions have left many hydropower plants without enough water to produce electricity. The MoIT plans to import 20 million tonnes of coal in 2020 and 35 million tonnes in 2035. It also added the local supply of gas was not enough to generate electricity for projects in the southeast and the southwest of the country. There are more than 10 projects in the area accounting for 16 percent of total capacity in Viet Nam. MoIT said demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year. Phung Van Sy, general manager of the ministry’s oil and gas division, said … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 20

"Recently China resumed its coercive interference in Vietnam's longstanding oil and gas activities in the South China Sea," it said in a statement on Monday. The South China Sea is known as the East Sea in Vietnam. The Pentagon said Beijing’s activities were contradictory to Chinese Defense Minister Wei Fenghe’s pledge in a speech in Singapore earlier this year that China would "stick to the path of peaceful development." "China will not win the trust of its neighbors nor the respect of the international community by maintaining its bullying tactics. "Its actions to coerce ASEAN claimants, station offensive military systems, and enforce an unlawful maritime claim raise serious doubts over China's credibility." The Pentagon said Washington would continue its efforts to ensure freedom of navigation and economic opportunity throughout the Indo-Pacific. The statement came in the context of Chinese oil survey vessel Haiyang Dizhi 8 and escort vessels illegally reentering … [Read more...] about Pentagon accuses China of breaking commitment to peace in South China Sea

Esper was received Tuesday morning by Vietnamese Defense Minister Ngo Xuan Lich at a welcome ceremony in Hanoi. During his stay, the American defense secretary will discuss with Lich and other key Vietnamese leaders issues of regional security and ways to enhance bilateral defense ties. During this visit, both countries expect to come up with specific programs and activities to boost their defense ties in line with the U.S.-Vietnam comprehensive partnership, Randall Schriver, Assistant Secretary of Defense for Asian and Pacific Security Affairs, had said last month. Vietnam-U.S. defense cooperation has made significant progress in recent years. The U.S. sent Vietnam a Hamilton-class patrol boat, a high endurance cutter named the USCGC Morgenthau, in 2017. In April, the U.S. gave six rapid-response Metal Shark patrol boats to Vietnam Coast Guard Region 3 in the central region. This followed the delivery of six Metal Shark patrol boats in March last year when the USS Carl Vinson docked … [Read more...] about US defense secretary begins official visit to Vietnam

During his stay in Hanoi, Esper will discuss with Vietnam's Defense Minister Ngo Xuan Lich and other Vietnamese leaders issues of regional security and ways to enhance bilateral defense ties. Both countries expect to come up with specific programs and activities to boost their defense ties in line with the U.S.-Vietnam comprehensive partnership, Randall Schriver, Assistant Secretary of Defense for Asian and Pacific Security Affairs, said last month. Vietnam and the U.S. have tightened defense cooperation in recent years. The U.S. sent Vietnam a Hamilton-class patrol boat, a high endurance cutter named the USCGC Morgenthau, in 2017. In April, the U.S. gave six rapid-response Metal Shark patrol boats to Vietnam Coast Guard Region 3 in the central region. This followed the delivery of six Metal Shark patrol boats in March last year when the USS Carl Vinson docked in Da Nang, the first to Vietnam by an American aircraft carrier since 1975. Aircraft maker Boeing has been assigned to make … [Read more...] about US defense secretary in Vietnam for official visit

This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills. Vietnam’s bond market registered growth of 3.4% on-quarter and 1.9% on-year to US$55.1 billion as of the end-September, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor.  This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Vietnam (SBV), the country’s central bank, increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. Nevertheless, the corporate bond market still posted growth of 4.2% year-on-year.    Yield movement Vietnam’s local currency government bond yield curve shifted downward between August 31 and October 15. Bond yields for … [Read more...] about Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion