The Hanoitimes - Senior government officials said that electricity and gasoline are items leaving impacts on the economy and catching public attention. PM orders checking of power price hike following social outcry Vietnamese media has questioned the Ministry of Industry and Trade (MOIT) about labeling “secret” the plans for raising electricity and gasoline prices. Government April meeting with the chairmanship of Chairman Mai Tien Dung. Photo: VGP VnExpress asked the MOIT at the government’s regular meeting last weekend why it tagged the adjustment of power and gasoline prices as “state secret” and basing on what ground. In response, Deputy Minister of MOIT Do Thang Hai said that the ministry keeps the plans unrevealed before the official announcement with an aim to avoid any unexpected impacts on the society due to the crucial role of electricity and petroleum in the economy. Hai attributed the Law on Protecting State … [Read more...] about Why does Vietnam label plans on energy price hike “secret”?
Why does vietnam hate china
VietNamNet Bridge - Vietnam is economically lagging behind other countries in the region and in the world. There is a big gap in GDP per capita between Vietnam and other countries, which makes it difficult for Vietnam to catch up with them. The core of the doi moi (renovation) in Vietnam is the shift from single-ownership into a multi-ownership economy, where the central planned regime no longer exists. The 1987 Law on Foreign Investment, the 1990 Corporate Law & the Law on Private Enterprises, and the 1999 Enterprise Law have encouraged the development of Vietnam’s private economic sector. One of the revolutionary viewpoints of the 1999 Enterprise Law was that ‘people can do anything that are not prohibited by the laws’, rather than ‘people can only do the things allowed by the laws’, which was one of the major reasons hindering economic development in many decades before. Soon after the Enterprise Law took effect, the then PM Phan Van Khai set … [Read more...] about Why does Vietnam lag behind?
Le Hoai Trung, Vietnamese Deputy Minister of Foreign Affairs, proposed at the Vietnam-China Economic Promotion Forum Thursday that China creates more favorable conditions for more Vietnamese goods to enter the country through border gates. "We hope that the Chinese government will be more open to the Vietnam market, especially for products that Vietnam has strong supply and China has high demand for, such as rice, pork, milk, agriculture, seafood, electronics and consumer goods," Trung told the forum attended by 500 Vietnamese government and business representatives and 200 Chinese counterparts. Vietnam has a high trade deficit with China. From January to November, Vietnam exported $37.7 billion worth of goods to China and imported $59.6 billion, a trade deficit of $21.9 billion, according to data from Vietnam Customs. Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry, said: "Although Vietnam’s exports to China have been increasing this year and trade deficit … [Read more...] about Vietnam wants China to import more, invest more
On this occasion, Deputy Defense Minister, Senior Lieutenant General Nguyen Chi Vinh granted an interview to the People’s Army Newspaper. Reporter: Foreign relations conducted via exchanges and cooperation activities in border areas have become a highlight in defense cooperative ties between Vietnam and China. Could you please tell us more about what should be done to bring more substantial effects? Senior Lieutenant General Nguyen Chi Vinh: Most importantly, the exchange must be maintained. To get this done, we must be clearly determined that the exchange each year must benefit both Vietnam and China. Those benefits are also for the common interests of the two countries, for the cooperation between the two militaries, and for areas along the shared borderline. It should be noted that not just the places where the exchange takes place, but the whole areas along the shared borderline will benefit from the activities of the event. As for a border exchange, the most important … [Read more...] about Border exchange benefits both Vietnam and China: Deputy Defense Minister
Xinhua: What do you think about the Vietnam-China relations at present? PM Nguyen Xuan Phuc: Vietnam and China have long-standing traditional relations which have been built and constantly consolidated by generations of leaders and the people of both countries. Over the past few years, thanks to the efforts of the Party, Government and people of the two countries, the Vietnam-China comprehensive strategic cooperative partnership has maintained a positive development momentum and harvested encouraging achievements. The greatest accomplishment is the constantly consolidated and enhanced political, diplomatic and economic ties between the two sides. The bilateral political relations have maintained a positive development momentum, manifested through the regular exchange of high-level visits and meetings between the two Parties and countries, which has helped the senior leaders of the two sides to gain many important common perceptions about the enhancement of the Vietnam-China … [Read more...] about Strengthening solid foundation for comprehensive strategic cooperative partnership between Vietnam and China