Vietnam china economic relations

The Vietnamese side at the online talks on June 29 (Photo: VNA) Hanoi (VNA) – Permanent Vice Chairman of the National Assembly (NA) Tran Thanh Man and Vice Chairman of the Standing Committee of the National People’s Congress (NPC) of China Wang Chen held online talks on June 29. They shared the view that relations between the two Parties and countries have continued thriving, with all-level exchanges and meetings held frequently in flexible forms. In particular, the Party general secretaries of Vietnam and China have had four phone talks in two straight years, helping enhance political trust and identify strategic orientations for the healthy and stable development of the two Parties and countries’ relations. The vice chairmen affirmed that the practical and effective cooperation between the two legislatures form an important part of ties between the two Parties and countries. Given this, they agreed to order their respective sides’ relevant agencies to fruitfully … [Read more...] about Vietnam, China agree on measures to further promote parliamentary ties

Opening the program, member of the Communist Party of Vietnam (CPV) Central Committee and First Secretary of the HCYU Central Committee Nguyen Anh Tuan held talks with alternate member of the Communist Party of China (CPC) Central Committee and First Secretary of CYLC Central Committee He Junke. During the talks, Tuan affirmed although the COVID-19 pandemic comprehensively affected exchange and cooperation activities of the two sides, Vietnamese and Chinese youth still found suitable ways to keep in touch, contributing to preserving the traditional friendship between the two countries. For his part, He highlighted the special traditional friendship between the two countries’ youth unions, saying that exchange and cooperation activities between the two sides have helped strengthen relations between the two nations. The two sides agreed that the HCYU and CYLC should bolster cooperation in youth work, economic development, education, press, communications and startups; and expand … [Read more...] about Vietnam, China promote youth friendship exchange

An important legal framework On the basis of the United Nations Convention on the Law of the Sea (UNCLOS) 1982, the National Assembly of Vietnam passed the Vietnam Law of the Sea on June 21, 2012. The law started to officially take effect from January 1, 20213, serving as an important legal framework to regulate Vietnam’s relations at sea and oceans. Dr. Tran Cong Truc shared that the Vietnam Law of the Sea has 54 articles in seven chapters. There are four contents legalized in the law, namely the demarcation of sea areas and continental shelves and assertion of sovereignty over islands and archipelagos; activities in Vietnamese waters; marine economic development; and the management and protection of sea and islands. Article 1 of the Law of the Sea of Vietnam states, “This law provides regulations concerning the baseline, internal waters, territorial sea, contiguous zone, exclusive economic zone, continental shelf, islands, the Hoang Sa (Paracel) Islands, the Truong Sa … [Read more...] about Part 2: Vietnam Law of the Sea adds more legal basis to UNCLOS

The Australian top diplomat said the ties between the countries run deep. Australian Foreign Minister Penny Wong today [June 27] met with Vietnamese counterpart Bui Thanh Son in Hanoi as part of her three-day visit to affirm the new Australian government’s commitments to continue the Strategic Partnership with Vietnam. Vietnam's Foreign Minister Bui Thanh Son (R) and Australia's Foreign Minister Penny Wong in Hanoi on June 27. Photos: Baoquocte In the visit which was made one month after she was sworn in as Australian Foreign Minister, Wong affirmed the role of Vietnam in the regional architecture and the two countries in the regional peace and security. In Vietnam, Wong will meet with President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh, and Chairman of the CPV Central Committee’s Commission for External Relations Le Hoai Trung. Her trip comes ahead of next year’s 50th anniversary of diplomatic relations between Vietnam and Australia. Before the … [Read more...] about Penny Wong arrives in Hanoi, affirming new Australian cabinet relations with Vietnam

According to the latest report by HSBC, total FDI to ASEAN-6 (Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines) has averaged nearly $127 billion per year since 2010, approximately three times more than the average over the previous decade – the average for 2000-09 was $41 billion. Similarly, net FDI – inbound minus outbound direct investment – has averaged nearly $54 billion a year since 2010, almost four times the average from the previous decade. Thinking of FDI-driven economic success stories, Vietnam naturally stands out. The country has turned itself into a rising star in global supply chains, gaining a substantial global market share in many sectors including textiles, footwear, and consumer electronics. Since Vietnam’s Doi Moi reforms in 1986, industrial parks have been set up across the country, attracting investors with preferential tax incentives and an abundance of relatively cheap and productive labour. New FDI has been flowing into the country … [Read more...] about Vietnam continues to be one of the top FDI receivers in ASEAN

Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen (R) and Chinese Consul General Wei Huaxian at the meeting. (Photo: sggp.org.vn) Hanoi (VNA) – Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen has said he is confident that new Chinese Consul General Wei Huaxiang will make specific contributions to fostering joint works between Vietnam's southern economic hub and Chinese localities. Hosting the diplomat on June 28, Nen expected him to become a bridge to link the sides in investment cooperation, people-to-people exchange, and experience sharing in population management, traffic organisation, housing development, and innovative start-up. The Vietnam – China relations always follow a positive development trend, he stated, adding that their leaders have maintained regular exchanges to boost political trust and expand practical collaboration across fields. For his part, Wei thanked the municipal authorities’ prompt assistance for the consulate … [Read more...] about HCM City eyes improved cooperation with Chinese localities

The Philippine Department of Foreign Affairs, in a message on Twitter late on Tuesday, lodged a "strong objection over the unlawful live fire drills" to be carried out by Taiwan this week around the island, known internationally as Itu Aba, or Ba Binh in Vietnam. "This illegal activity raises tensions and complicates the situation in the South China Sea," it said. Taiwan's foreign ministry said in a statement the island was part of the territory of the Republic of China - Taiwan's formal name - and that it enjoyed all relevant rights accorded by international law. "Our country has the right to conduct routine exercises on Taiping Island and related maritime areas. In order to ensure the safety of maritime traffic and fishing boats operating in adjacent maritime areas, we notify the relevant regional countries in advance before each live-fire drill," it said. Itu Aba is the biggest feature in the Spratly Islands. The Philippines normally complains most vociferously about … [Read more...] about Taiwan rebuffs Philippines complaint about S.China Sea live fire drills

Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy

Deputy Minister of Industry and Trade Tran Quoc Khanh delivers a keynote speech at a webinar “New Frameworks: RCEP’s Critical Role in Driving Asia’s Digital Economy” on June 22. (Photo: VNA) London (VNA) – The implementation of the Regional Comprehensive Economic Partnership (RCEP)’s e-commerce commitments will help establish a large e-commerce space based on internationally accepted standards with the participation of big economies who are advanced in e-commerce, according to Deputy Minister of Industry and Trade Tran Quoc Khanh. This will facilitate widespread digital connection in Asia, boost trade and economic development, and accelerate digital transformation, he stated in his keynote address at a webinar “New Frameworks: RCEP’s Critical Role in Driving Asia’s Digital Economy ” held by UK-based dependent think tank Asia House and China’s Cheung Kong Graduate School of Business (CKGSB) on June 22. The webinar brought together governmental representatives, senior … [Read more...] about RCEP commitments help establish large e-commerce space in Asia: Deputy Minister

At the event (Photo: asean.org) Jakarta (VNA) - The ASEAN Committee on Disaster Management ( ACDM ) has held its 40th Meeting together with the 3rd ACDM Plus China, 3rd ACDM Plus Japan, 16th Governing Board of the AHA Centre and 1st ASEAN Disaster Resilience Platform ( ADRP ) meeting, aiming to enhance regional cooperation in disaster management and humanitarian assistance. The Department of Disaster Prevention and Mitigation (DDPM) of the Ministry of Interior of Thailand, the Chair of ACDM in 2022, hosted the meetings on 21-23 June via virtual conference. The meetings noted the progress in the implementation of the AADMER Work Programme 2021-2025, particularly the ASEAN Framework on Anticipatory Action in Disaster Management; Guidelines for Operationalising the ASEAN Regional Framework on Protection, Gender, and Inclusion in Disaster Management ; the inaugural meeting of ADRP and endorsement of ASEAN-RoK Work Plan on Disaster Management 2021-2025. The first … [Read more...] about ASEAN strengthens multi-sectoral approach to disaster management