Vietnam china

Vietnam "completely rejects all statements made by Chinese Foreign Ministry spokesperson Geng Shuang on November 8 on the Spratly Islands," which is Vietnamese territory, Foreign Ministry spokeswoman Le Thi Thu Hang said in a press release Wednesday. Shuang told Chinese media last Friday that "the core of the South China Sea issue is territory, a matter related to the occupation of China's Nansha Islands by Vietnam and other countries concerned. "I hope the Vietnamese side will face up to the historical fact, keep to our high-level consensus and resolve differences through dialogue and consultation. It needs to avoid taking actions that may complicate matters or undermine peace and stability in the South China Sea as well as our bilateral relations," he said. Nansha is the name China has been using to make its fraudulent claim to Truong Sa Archipelago in the East Sea, known internationally as the Spratly Islands and South China Sea respectively. "Vietnam has more than once confirmed … [Read more...] about Vietnam rejects China’s territorial claim on Spratly Islands

Thailand has passed a plan to allocate its budget of 21.5 billion baht to help stabilize rice prices for Thai farmers. This subsidy program may affect rice exporters including Vietnam, according to local rice operators. Local farmers harvest rice. Thailand’s price subsidy program for rice may affect rice exporters including Vietnam The Thai Cabinet has agreed to extract 34.8 billion baht from the country’s budget for agricultural subsidy programs for rice and oil palm farmers, reported the Vietnam News Agency in Bangkok, Thailand. In particular, over 890,000 households that had registered their rice farming activities with the Thai Ministry of Agricultural and Cooperatives will be the beneficiaries of the rice subsidy program. The one-year program, which will take effect next month, will offer advantageous prices for rice farmers amid downward price volatility. According to the director of a rice exporting firm in the Mekong Delta, rice exporters may suffer negative … [Read more...] about Thailand’s rice subsidy program may affect Vietnam: rice operators

The seafood industry must envision a long-term strategy to make full use of new trade pacts and prepare for problems that might arise when they take effect, Truong Dinh Hoe, VASEP general secretary, said. Shrimp processed at Cuu Long Seafood JSC in Trà Vinh province. Vietnam ranks second globally in shrimp exports, with a market share of 14 percent, only behind India (15 percent). Hoe was speaking at a conference in HCM City on July 17 on the challenges and opportunities faced by the seafood sector under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which took effect in January, and the EU-Vietnam Free Trade Agreement (EVFTA), which is expected to be approved by the EU Parliament late this year or early next year. “Two major trade agreements will result in lower tariffs imposed on Vietnamese goods, but domestic enterprises will also face competition with foreign rivals in addition to stringent regulations on product quality and … [Read more...] about Trade pacts bring opportunities for Vietnam seafood industry’s sustainable growth

Vietnamese Foreign Ministry spokesperson Le Thi Thu Hang (Photo: VNA) Hanoi (VNA) – Vietnam rejects all the contents regarding Vietnam of the Chinese Foreign Ministry spokesperson’s statement on sovereignty over Truong Sa (Spratly) archipelago on November 8. Vietnamese Foreign Ministry spokesperson Le Thi Thu Hang made the statement in response to reporters’ question on November 13. “In this regard, Vietnam has repeatedly stated that it has sufficient historical and legal evidence to prove its sovereignty over Hoang Sa (Paracel) and Truong Sa archipelagoes in line with international law. Historical reality has proven this,” she said. The spokesperson reiterated Vietnam’s consistent stance that all international disputes, including those relating to sovereignty over Hoang Sa and Truong Sa, must be settled by peaceful measures in accordance with international law and the United Nations Charter. Vietnam wishes that China will join efforts in … [Read more...] about Vietnam rejects China’s statement on sovereignty over Truong Sa

Vietnam may suffer a further loss in its economic growth if environmental pollution worsens, according to the Ministry of Natural Resources and Environment (MoNRE) official Nguyen Hoang Nam. Organic fertilisers produced by Sa Mạc Xanh (Desert Green) Co Ltd where burnt waste is used for farming. — Photo greendesertwte.com Vietnam was ranked fourth among all countries and territories in the world in terms of plastic disposal but not the biggest in terms of land area and population, Nam said at a workshop on Tuesday. Three top economies with the highest plastic disposal were China, Indonesia and the Philippines, he said. World Bank in 2019 estimated that the impacts of environmental pollution might cut off 3.5 per cent from Việt Nam's GDP in 2035, Nam reported. On the global scale, the Spanish organisation DARA International in 2012 forecast climate change might curb the world’s total GDP by 11 per cent in 2030. By 2050, the total volume of plastic waste … [Read more...] about Losses in forecast for Vietnam’s economy if pollution worsens