The two-way trade between Vietnam and South Korea may amount to US$100 billion this year, instead of 2023 as previously targeted, said South Korean Consul General in Vietnam’s Da Nang City Ahn Min Sik. The South Korean diplomat released his ambitious expectation after reviewing the bilateral trade result of $45 billion in the first half of this year at a seminar held in the central metropolis on Friday. The event, themed “The history of exchanges between and future prospects of the Vietnam - South Korea relationship,” was part of the celebration of the 30-year anniversary of the diplomatic relations between the two countries. Despite the heavy impacts of the COVID-19 pandemic, both countries gained a two-way trade value of $80.6 billion in 2021, much higher than the $500 million recorded 30 years ago, Consul General Ahn said. Considering the ongoing trade growth trend, as shown in the first six months of this year, the bilateral turnover may reach $100 billion in 2022, instead … [Read more...] about Vietnam – S.Korea trade likely reaches $100bn this year: Consul General
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Vietnam to engage in UN peacekeeping operations more extensively: official
Deputy Defence Minister Sen. Lt. Gen. Hoang Xuan Chien (R) and UN Resident Coordinator in Vietnam Pauline Tamesis at the meeting in Hanoi on August 12 (Photo: VNA) Hanoi (VNA) – Deputy Minister of National Defence Sen. Lt. Gen. Hoang Xuan Chien received UN Resident Coordinator in Vietnam Pauline Tamesis in Hanoi on August 12, saying that Vietnam will take part in UN peacekeeping operations more extensively in the time ahead. Chien appreciated the cooperation and assistance from the UN and its agencies in Vietnam, especially the UN Resident Coordinator Office, when the country served as the ASEAN Chair in 2020 and a non-permanent member of the UN Security Council during 2020 - 2021. He thanked the UN and relevant agencies for working closely with Vietnam to successfully carry out many war aftermath settlement activities, particularly the programmes and projects on addressing war-left unexploded ordnances and toxic chemicals, resulting in positive outcomes. The … [Read more...] about Vietnam to engage in UN peacekeeping operations more extensively: official
Vietnam participates more deeply in UN peacekeeping operations
The nation will play a more extensive role in future UN peacekeeping operations, including expanding the number of missions conducted by Vietnamese peacekeeping forces through forms of deployment. At the reception (Image source: qdnd.vn) Deputy Minister of National Defence Sen. Lieut. Gen. Hoang Xuan Chien made the statement during a reception held on August 12 in Hanoi for Pauline Tamesis resident coordinator of the UN in Vietnam. Deputy Minister Chien emphasised that this year is of great significance as it will mark the 45th anniversary of the country’s participation in the UN. History shows that Vietnam has closely co-ordinated with international organisations, especially the UN, in order to carry out a foreign policy of independence, self-reliance, multilateralisation, diversification, and being a responsible member of the wider international community. The Deputy Minister also acknowledged the goodwill and co-operation of the UN and their competent … [Read more...] about Vietnam participates more deeply in UN peacekeeping operations
Vietnam Airlines expands partnerships to boot multi-sector business
Vietnam Airlines signs a strategic cooperation agreement with T&T Group and SHB Bank (Photo: VNA) Hanoi (VNA) - The national flag carrier Vietnam Airlines has signed a strategic cooperation agreement with T&T Group and SHB Bank; and a Memorandum of Understanding (MoU) with T&Y SuperPortTM - a joint venture between T&T Group and YCH Group of Singapore. The agreements are expected to not only boost business efficiency and affirm the position and competitiveness of the signatories but also contribute to expanding the strategic cooperation between Vietnam and Singapore. Under the deals, the parties will prioritise using each other's products and services and jointly exploit the potential and strengths of each party to create outstanding synergistic values for the Vietnamese businesses and economy. Vietnam Airlines will provide international standard air transport services on the basis of promoting its strength as a modern fleet of over 100 aircraft , and its … [Read more...] about Vietnam Airlines expands partnerships to boot multi-sector business
Venezuela-Vietnam Friendship Parliamentarians’ Group debuts
Members of the Venezuela-Vietnam Friendship Parliamentarians’ Group (Photo: VNA) Hanoi (VNA) – The Venezuela-Vietnam Friendship Parliamentarians’ Group was set up in Venezuela on August 12. Addressing the inaugural ceremony, Vice President of Venezuela 's National Assembly Iris Varela Rangel expressed her delight at the growing partnership between the two countries. She underlined that the establishment of the group is significant to the strengthening of partnership between the two NAs, contributing to promoting the friendship and cooperation between the two countries as well as mutual understanding between their people. President of the Venezuela-Vietnam Friendship Parliamentarians’ Group Saul Ortega Campos affirmed that the group aims to expand and deepen the two nations' traditional solidarity, friendship and comprehensive cooperation and foster the collaboration between the two legislatures and parliamentarians of both countries. He pledged to actively … [Read more...] about Venezuela-Vietnam Friendship Parliamentarians’ Group debuts
UN ready to support Vietnam in responding to new challenges: Coordinator
UN Resident Coordinator in Vietnam Pauline Tamesis (Photo: unsdg.un.org) Hanoi (VNA) – Through the Strategic Framework for Sustainable Development Cooperation (CF) between the Government of Vietnam and all UN resident and non-resident agencies in Vietnam, the UN hopes to show that it is ready and poised to serve the ever changing needs of the Vietnamese Government, UN Resident Coordinator in Vietnam Pauline Tamesis told Vietnam News Agency. The CF for the 2022-2026 period was signed by Minister of Planning and Investment Nguyen Chi Dung, as assigned by Prime Minister Pham Minh Chinh, and Tamesis in Hanoi on August 11. According to Tamesis, there are four priority development outcomes that the two sides have identified - social services; economic transformation; climate change, resilience and sustainability; governance and access to justice. The purpose of the cooperation framework is for the UN to be ready to support all of the changing development needs and challenges of … [Read more...] about UN ready to support Vietnam in responding to new challenges: Coordinator
Vietnam ready for talks with US on tax evasion investigation into Vietnamese steel pipes
Vietnam is willing to hold trade talks with the United States to timely solve arising problems regarding a U.S. anti-circumvention investigation into steel pipe products imported from the Southeast Asian country. Le Thi Thu Hang, spokesperson of the Vietnamese Ministry of Foreign Affairs, made the statement at a regular press briefing in Hanoi on Thursday following reports that the U.S. officially initiated an investigation into the case. Hang affirmed that the Vietnam-U.S. comprehensive partnership has witnessed progress in all fields in recent times, including in economy, trade, and investment. Vietnam is the leading trade partner of the U.S. in Southeast Asia, while the U.S. is the second-largest trade partner of Vietnam, with two-way trade turnover exceeding US$110 billion in 2021. “Vietnam advocates promoting economic, trade, and investment cooperation with the U.S. on the basis of freedom, fairness, and mutual benefits in accordance with bilateral agreements and … [Read more...] about Vietnam ready for talks with US on tax evasion investigation into Vietnamese steel pipes
Vietnam’s middle power diplomacy in ASEAN
Vietnam’s diplomatic activism in ASEAN reflects its status as an emerging middle power. This year marks the 27th anniversary of Vietnam’s ASEAN membership. Accession into ASEAN in 1995 provided Vietnam with a springboard to pursue international integration, attract external resources for economic development, and expand its diplomatic networks. Phan Xuan Dung, Research Officer at the Vietnam Studies Programme, ISEAS – Yusof Ishak Institute With its growing economic and diplomatic prowess, Vietnam is now seen as an emerging middle power – a state with sufficient motivation and capacities to undertake and manage regional/international responsibilities. Middle power diplomacy typically includes leadership in niche areas, a strong preference for multilateralism, and the promotion of rules-based principles. Nowhere does Hanoi exhibit these behaviors more prominently than in ASEAN. ASEAN is a crucial conduit for Vietnam to promote the rule of law at sea and … [Read more...] about Vietnam’s middle power diplomacy in ASEAN
Vietnam cooperates with Australia to create hi-tech agricultural value chain
A workshop was held in the Mekong Delta province of An Giang on April 2 to discuss the creation of hi-tech agricultural value chains between Vietnam and Australia. Director of the provincial Department of Agriculture and Rural Development Tran Anh Thu said the event allowed local enterprises to learn about technical barriers and how to control the quality of farm produce exported to Australia and other markets in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The provincial Department of Agriculture and Development and the Vietnam-Australia business association signed a memorandum of understanding on cooperation The workshop helped promote local agricultural products and opened up investment opportunities for local and Australian businesses, he added. Professor Scott Murray from Canberra University introduced the value chain research model, the development path of Vietnam and the benefits of the CPTPP for Vietnam and … [Read more...] about Vietnam cooperates with Australia to create hi-tech agricultural value chain
Ambassadors, diplomatic representatives cycle in Hanoi to mark ASEAN Family Day
Many ambassadors and diplomatic representatives of other countries in Vietnam cycled around Hanoi on Saturday as part of the ASEAN Family Day 2022, which was held on the occasion of the bloc’s 55th anniversary. The ASEAN Family Day 2022 was co-organized by the Ministry of Foreign Affairs and ASEAN Women's Circle of Hanoi (AWCH) on the accassion of the 55th founding anniversary of ASEAN and 27 years of Vietnam's membership in the bloc. ASEAN, short for the Association of Southeast Asian Nations, is a political and economic organization whose members include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Delegates pose for a photo at the ASEAN Family Day 2022 in Hanoi, August 13, 2022. Photo: Danh Khang / Tuoi Tre This is the first time this event has been held offline after a two-year hiatus due to the COVID-19 pandemic. The event was attended by Minister of Foreign Affairs Bui Thanh Son, leaders of the … [Read more...] about Ambassadors, diplomatic representatives cycle in Hanoi to mark ASEAN Family Day