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The summit takes place against a darker backdrop than last year when the British, Canadian, French, German, Italian, Japanese and U.S. leaders met for the first time since before the COVID-19 pandemic and vowed to build back better. Soaring global energy and food prices are hitting economic growth in the wake of Russia's attacks in Ukraine. The United Nations warned on Friday of an "unprecedented global hunger crisis". Climate change, an increasingly assertive China and the rise of authoritarianism are also set to be on the agenda. The G7 leaders are expected to seek to show a united front on supporting Ukraine for as long as necessary and cranking up pressure on the Kremlin - although they will want to avoid sanctions that could stoke inflation and exacerbate the cost-of-living crisis affecting their own people. "The main message from the G7 will be unity and coordination of action... That's the main message, that even through difficult times... we stick to our alliance," an … [Read more...] about G7 summit kicks off under shadow of Ukraine war, stagflation risk

Thanh Hoa Province’s power grid currently has 21 110-kV substations, more than 8,348 distribution substations with a total capacity of 2,738,340 kVA, and a system of medium and low voltage lines which can supply power to 810,637 users in the province (up 14,292 over the same period in 2021). With a synchronous and modern electricity system, which is also regularly upgraded, PC Thanh Hoa has fully met the electricity demand for production and daily use of local residents. However, the power supply is expected to throw up challenges due to the shortage of peak capacity in the summer months and load regulation is required. The constantly growing demand will also significantly affect the stability and safety of the power grid, and possibly cause local overloads in some areas. Following directions of the EVNNPC, from early this year, PC Thanh Hoa has been devising solutions for these challenges. The company has monitored full loads or overloads, drawing up plans to rotate transformers … [Read more...] about Thanh Hoa Power Company prepares for peak heat

At the meeting According to general statistics from the General Department of Vietnam Customs, in the first five months of 2022, approximately 206,110 tons of cashew kernels of all kinds were exported earning over US$1.19 billion in export turnover, down 7.81 percent in volume and 6.81 percent in value. However, the average export price was about $5,792 a ton, up 1.45 percent from the same period last year. Regarding imports in the first five months, enterprises imported about 968,000 tons of raw cashew nuts from abroad with a value of nearly $1.4 billion, down 35.24 percent in volume and down 37.84 percent in value over the same period in 2021. However, prices of imports from Africa increased by 15 percent-20 percent since the beginning of the season. More importantly, importers are tending to be slow to purchase raw materials due to many reasons but the most common is the price difference between imported raw cashew nuts and export kernel prices. The price of raw cashew … [Read more...] about Cashew exports down due to rising oil prices, epidemics, Russia Ukraine conflict

At the event (Photo: VNA) HCM City (VNA) – Investors from the Republic of Korea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related to labour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and the business community. The collection of seaport infrastructure fees was also pointed to by many participating businesses. From April 1, 2022, all container vehicles entering and leaving the city’s Cat Lai port have to pay an additional fee for using seaport infrastructure. Korean firms proposed the establishment of a monthly gross payment process and a reduction of the fee, given their difficulties from increased logistics costs. Phan Van Mai , Chairman of the municipal People’s Committee, said the southern economic hub is working to recover after two years affected by the COVID-19 pandemic. Such recovery sees a significant contribution of the business communities, including … [Read more...] about HCM City works to clear hurdles for RoK investors

A priceless common asset of the two peoples Since Cambodia's revolutionary and armed forces were strong and capable enough to defend the country, Vietnam withdrew its volunteer troops and advisors in 1989 under the agreement between the two parties and states, successfully fulfilling the glorious international mission in the neighboring country. After the Paris Peace Agreement in 1991 and the General Election in 1993, the Vietnam-Cambodia relationship was lifted to a new stage in accordance with the actual situation in each country. With the motto of "good neighborliness, traditional friendship, comprehensive cooperation, long-term sustainability," Vietnam-Cambodia relations have been continuously consolidated and extensively developed in all fields, of which defense cooperation is an important pillar. The first Vietnam - Cambodia Border Defense Friendship Exchange held in May 2022 vividly manifested the contribution of defense cooperation to enhancing mutual understanding and … [Read more...] about Part 4: Towards a bright future

Khai congratulated the Cambodian Government on the important achievements obtained under PM Hun Sen’s leadership, especially the success in COVID-19 containment and socio-economic reopening and recovery. Men Sam An, who is also Minister of the National Assembly - Senate Relations and Inspection of Cambodia, Vice President of the Cambodian People’s Party, and Chairwoman of the Cambodia - Vietnam Friendship Association, expressed her honor to represent the Cambodian Government to attend and deliver remarks at the ceremony marking the 55th founding anniversary of the countries’ diplomatic ties held in Hanoi earlier the same day. Saying she is impressed with Vietnam’s all-round attainments over the past years, she expressed her belief that under the clear-sighted leadership of the Communist Party of Vietnam, the Vietnamese Government and people will continue reaping more successes in national reforms and development and unceasingly promoting Vietnam’s stature in the international … [Read more...] about Deputy PMs agree on measures for strengthening Vietnam-Cambodia links

The president of the Korean Chamber of Commerce in Vietnam (KOCHAM) has asked the Ho Chi Minh City government to assist South Korean enterprises in alleviating their cost burden in the current difficult period. KOCHAM President Shon Young Il made the request at a dialogue session between the city government and South Korean enterprises, held on Friday by local authorities in coordination with the Consulate General of South Korea in the southern metropolis. Speaking at the event, chaired by the municipal People’s Committee chairman Phan Van Mai, the KOCHAM leader said Korean businesses are facing a lot of pressure while trying to recover from the COVID-19 pandemic and cope with impacts caused by the ongoing Russian-Ukraine military conflict and the inflation risk. Therefore, he hopes that the Ho Chi Minh City administration can support Korean businesses in reducing their cost burden in this tough period. Specifically, local authorities should assist Korean businesses in solving … [Read more...] about S. Korean firms in Ho Chi Minh City seek help to ease rising cost burden

She said that Vietnam and Hungary have shared a 72-year partnership and traditional cooperation in all fields including education-training, law and justice, culture, sports, and people-to-people exchanges. The diplomat noted that Hungary considers Vietnam an important partner in Southeast Asia, and the two countries lifted their ties to a comprehensive partnership in September 2018. The parliaments of the two countries have also kept a good relationship with regular meetings and exchanges at all levels, while showing close and effective cooperation and mutual support at multilateral parliamentarian forums, she said. According to Ambassador Thao, the Vietnamese top legislator's visit will be a chance for senior leaders of Vietnam and Hungary to reaffirm their political commitments in continuing to promote the bilateral partnership, contributing to the economic recovery and sustainable development after COVID-19 in each country, while strengthening collaboration in global issues … [Read more...] about N.A. Chairman’s visit to deepen ties with Hungary in post-pandemic period: Ambassador

More than 90 people participating in the meal (Photo: VNA) Paris (VNA) – The committee in support of Tran To Nga who sued US firms for manufacturing the toxic AO defoliant used by US forces during the war in Vietnam on June 24 offered a charitable meal in Paris to raise fund for her lawsuit . The meal, the third of its kind after those in March and May, was participated by more than 90 people, including Vietnamese Ambassador to France Dinh Toan Thang and MP Sandrine Rousseau of the Europe Écologie les Verts (EELV) - Green Party. Nga said she was happy and felt touched when seeing a large number of overseas Vietnamese and French friends attending this event. She stated that this is a great honour and encouragement for her in this arduous and long battle. In 2014, Nga, who used to be a war correspondent in south Vietnam during wartime, sued the multinational companies, including Monsanto - Bayer, that produced or supplied herbicides for the US during the war … [Read more...] about Tran To Nga’s dioxin lawsuit receives encouragement

At the event, delegates reminisced about the glorious tradition of Department 11 over the past four decades. Under the close leadership and direction of the Central Military Commission, the Ministry of National Defense, and the General Department II, Department 11 has over the past time consolidated personnel organization, and developed an elite, compact, strong and effective force. Its cadres and employees have upheld the qualities of Uncle Ho's soldiers, been brave, clever, creative, and gained various outstanding feats-of-arms, contributing to the national liberation, reunification, construction and defense cause. With great achievements, the department and its staff have been honored with a number of noble orders and the Hero of the People’s Armed Forces title. This year, the department has been awarded with the first-class Fatherland Protection Order. On behalf of the Ministry of National Defense’s leadership, Lt. Gen. Nguyen Trong Binh, Deputy Chief of the General Staff of … [Read more...] about General Department II’s affiliate receives noble order