Australia will provide an aid package worth AU$105 million (US$69.4 million) for Vietnam to develop sustainable infrastructure, and speed up energy transition, Australian Prime Minister Anthony Albanese made this announcement at a talk with his Vietnamese counterpart Pham Minh Chinh in Hanoi on Sunday.
Besides, the aid is also aimed at helping the Southeast Asian nation develop the mining industry.
Vietnam and Australia are striving to achieve $20 billion in bilateral trade in the coming time, the Vietnamese prime minister said at the talk, as part of the top Australian official’s visit to Vietnam.
Two-way trade totaled some $16 billion in 2022, up some 30 percent against 2021.
The two nations will shore up their connectivity of transport and the partnership in the financial, banking, and e-commerce fields.
Australia is also committed to creating favorable conditions for Vietnamese farm produce to enter its market.
The two nations will enhance the educational cooperation to strengthen highly-skilled workforces.
Over 300,000 Vietnamese citizens are living, working, and studying in Australia, said Australian PM Albanese.
RMIT University announced a new strategic investment fund to expand its operation in Ho Chi Minh City, witnessed by the Australian prime minister during his visit to the campus in Hanoi on Saturday.
|Vietnamese Prime Minister Chinh (R) shakes hands with his Australian counterpart Albanese before their talks on June 4, 2023. Photo: Nguyen Khanh / Tuoi Tre|
Besides, the Australian official said that Western Sydney University would grant 60 scholarships to Vietnamese students.
Vietnam and Australia are eyeing tourism cooperation. Vietnam has two airlines that are operating direct air routes to Australia, with Vietjet’s air service linking Brisbane City, which will host the 2032 Summer Olympics.
Speaking at a press conference on Sunday, Prime Minister Chinh said that Vietnam and Australia would deepen their partnership in climate change response, digitalization, green transition, and circular economic development.
“We are pleased to announce the extension of the Aus4Innovation development assistance program. Accordingly, Australian agencies will collaborate with Vietnamese ones to advance research activities,” said Albanese.
Apart from these support programs and cooperative agreements, the two leaders put forward some solutions to upgrade the bilateral relations as soon as possible, heard a press conference.
After the two leaders’ talks, they witnessed the exchange of four cooperation instruments in the science-technology, financial, education, and trade fields.
Among them was the memorandum of understanding between the Vietnamese Ministry of Industry and Trade and the Australian Department of Foreign Affairs and Trade for the establishment of a trade dialogue at the ministerial level.
Vietnamese low-cost airline Vietjet received a certificate for the Ho Chi Minh City – Brisbane air route, witnessed by the two top officials, while Vietnam’s national flag carrier announced its plan to open the Hanoi – Melbourne route at the event.
Australian Prime Minister Albanese arrived at Noi Bai International Airport in Hanoi on Saturday for his two-day Vietnam visit.
|The prime ministers of Vietnam (R, back row) and Australia (L, back row) witness a representative of Vietjet receiving a certificate for the launch of a nonstop air route between Vietnam and Australia, June 4, 2023. Photo: Nhat Bac / Tuoi Tre|
Vietnamese PM rings opening bell at NYSE
Vietnamese Prime Minister Pham Minh Chinh visited the New York Stock Exchange (NYSE) in New York City on Thursday morning (local time) and rang the bell to mark the start of the stock trading day.
The top Vietnamese official paid his NYSE visit at the invitation of NYSE leaders.
NYSE vice chairman John Tuttle and PM Chinh spoke briefly before the Vietnamese Premier rang the opening bell at 9:30 am.
PM Chinh said that he was honored to be invited to the NYSE building for the second time to ring the bell.
He also shared that he was impressed by the stock exchange’s current capitalization of US$40,000 billion.
PM Chinh last visited the NYSE, the largest stock exchange in the world, in May 2022 to ring the closing bell.
The prime minister proposed the NYSE encourage U.S. firms to make investments in Vietnam and help connect the Vietnamese stock exchanges with the NYSE and other top stock exchanges worldwide.
PM Chinh also assigned the State Securities Commission of Vietnam to partner with the NYSE to sign a memorandum of understanding on technical support and human training.
The Vietnamese government leader expects to host NYSE leaders in Vietnam by the end of the year.
|Prime Minister Pham Minh Chinh (C) writes in a memorial notebook at the NYSE. Photo: Nhat Bac / Tuoi Tre|
Tuttle used the opportunity to share his appreciation for the Vietnamese market, noting that U.S. firms have shown much interest in Vietnam.
He affirmed that the NYSE is willing to help Vietnamese enterprises list their stocks on the exchange.
The NYSE representative also told the prime minister that he will visit Vietnam as soon as possible.
PM Chinh and a high-ranking delegation of Vietnam are on a visit to the United States to attend the high-level General Debate of the 78th United Nations General Assembly (UNGA) session and other activities.
His U.S. trip, which is set to last until Saturday, was made following the upgrade of the Vietnam – U.S. relationship.
Vietnam and the U.S. announced the elevation of their bilateral relations to comprehensive strategic partnership, the highest level in the Southeast Asian country’s international relations, after talks between General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and U.S. President Joe Biden in Hanoi on September 10.
Japanese Crown Prince visits late President Ho Chi Minh’s stilt house
Japanese Crown Prince Akishino and Crown Princess Kiko, together with Vice-State President Vo Thi Anh Xuan, paid a visit to late President Ho Chi Minh’s stilt house and fish pond on Thursday morning.
Their jaunt was taken after talks between the top Vietnamese official and Japan’s crown prince.
Vice-State President Xuan chaired a welcome ceremony for Akishino and Kiko at the Presidential Palace in Hanoi on Thursday morning.
The stilt house and fish pond are situated in the late President Ho Chi Minh relic site. These places were the late president’s living and working space.
The visit to the relic site was part of Akishino’s ongoing Vietnam trip, which will last until Monday next week.
|Crown Prince Akishino, 58, is the younger brother of Emperor Naruhito. He was declared first in line to the chrysanthemum throne in 2020. This is the third time the Japanese crown prince has visited Vietnam. Photo: Nguyen Khanh / Tuoi Tre|
|Akishino is set to meet other top Vietnamese officials such as Deputy Prime Minister Tran Luu Quang and State President Vo Van Thuong during his Vietnam visit. Photo: Nguyen Khanh / Tuoi Tre|
|Vice-State President Vo Thi Anh Xuan, Japanese Crown Prince Akishino and Crown Princess Kiko are introduced to the history of late President Ho Chi Minh’s stilt house, which was built in 1958. The house is 10.5 meters long and 6.2 meters wide. Photo: Nguyen Khanh / Tuoi Tre|
|Vice-State President Vo Thi Anh Xuan (R), Japanese Crown Prince Akishino (C) and Crown Princess Kiko (L) are pictured feeding fish in late President Ho Chi Minh’s fish pond. The fish pond covers an area of more than 3,000 square meters. Photo: Nguyen Khanh / Tuoi Tre|
|Japanese Crown Prince Akishino takes photos of the precinct of late President Ho Chi Minh’s stilt house. Photo: Nguyen Khanh / Tuoi Tre|
Vietnam reiterates net-zero emission goal, supports global health priorities
Vietnam is determined to meet its commitment of a net-zero emission target by 2050 and support global health security priorities, Prime Minister Pham Minh Chinh told two United Nations summits in New York, the U.S., on Wednesday.
The Vietnamese leader kicked off his first activities at the United Nations headquarters by attending two summits on climate change response and preparations for future pandemics, as part of his seven-day trip to the U.S. for the high-level General Debate of the 78th United Nations General Assembly (UNGA) session and other activities.
Cutting emissions by 43.5 percent by 2030
Speaking at the UN Climate Ambition Summit, where leaders of countries and international organizations expressed their concern about the severe impacts of climate change, PM Chinh stressed that addressing climate change impacts requires a global and all-people approach, with more urgent and stronger actions.
The PM proposed accelerating a fair and just green energy transition, which takes people as its center and leaves no one behind.
Developed countries and international organizations should put the Loss and Damage Fund into operation at COP28 as committed to supporting developing and underdeveloped countries to overcome the consequences of climate change, Chinh told the summit.
He also called for more assistance for developing countries and underdeveloped countries in developing green technologies, green finance, and renewable energy industries.
Many other delegates affirmed that responding to climate change is a shared responsibility, which requires every country to reduce the use of fossil fuels while making a fair green transition as soon as possible.
UN Secretary General Antonio Guterres called on high-emitting countries to take the lead in reducing greenhouse gas emissions, with developed countries and large emerging economies required to achieve net zero emissions by 2040 and 2050, respectively.
Sharing the same view, PM Chinh said Vietnam, with support from the international community, will strive to cut greenhouse gas emissions by 43.5 percent by 2030 and obtain a renewable energy ratio of more than 70 percent by 2050.
“Even though being a developing country still facing many difficulties, Vietnam, with the spirit of supporting a green Earth, is determined to fulfill its commitment, raised at COP26, to achieving net zero emissions by 2050,” Chinh affirmed.
Supporting global health security priorities
While attending the UN High-Level Meeting (HLM) on Pandemic Prevention, Preparedness and Response (PPPR) on Wednesday afternoon, PM Chinh emphasized the extremely serious consequences of the COVID-19 pandemic.
He called on the international community to take action soon so that future generations do not have to suffer from similar terrible epidemics.
The PM proposed prioritizing increasing timely and equitable access to vaccines, improving the capacity of grassroots and preventive health, promoting transfer of vaccine and drug technologies, and providing financial support for developing and underdeveloped countries.
He affirmed that Vietnam supports making global health security a priority in all policies to help early detect, timely respond to and effectively drive back epidemics in the future.
From the COVID-19 experience, delegates called for increased international cooperation and coordination at the highest level to ensure equitable and timely access to pandemic-related medical products.
They also proposed removing trade barriers and strengthening supply chains to facilitate the transportation of vaccines, drugs and other public health products.
Delegates unanimously passed a political declaration on pandemic preparedness and response, and agreed to hold a high-level conference in 2026 to evaluate the implementation of the declaration.
This year’s HLM on PPPR was convened by the UN based on an initiative raised by Vietnam and some other countries and was approved by the UN General Assembly in September 2022.
Accor expands its dominance in Asia
Cough in children – how to assess, diagnose and treat
Samsung Hope School to be built in Binh Phuoc province
Development of Vietnamese brands in CPTPP member markets under discussion
Ban Gioc Waterfall Tourism Festival set for early October
Ninh Thuan reports 7.4% increase in seafood catch in H1
Digital assets raise unprecedented issues for policymaking
Japan supports Vietnam to enhance laboratory capacity for agricultural, fisheries product testing
Vietnamese cartoon producer cries for help as YouTube removes 3,000 videos
17 billion USD needed to build railway connecting to seaports
First Vietnamese representative at a Winter Olympic
Da Nang museums attracting domestic visitors with free entry policy
Nom, nom, Việt Nam – Episode 76: Fried cheese sticks
In Sa Pa, ethnic children forced to peddle on streets in bitterly cold night
Nom, nom, Việt Nam – Episode 74: Huế beef noodle soup
Business2 weeks ago
Vietnam Report announces Top 10 prestigious banks, insurance, digital companies
Business2 weeks ago
Vietnam-Australia Digital Forum 2023: Making Vietnamese digital enterprises go global
Business2 weeks ago
HDBank wins Asian Banking and Finance Award for Sustainability Initiative of the Year
Business2 weeks ago
Vietnam’s macro-economy stays stable, inflation controlled: official
Business2 weeks ago
Vietnam lures over 16 billion USD in foreign investment
Business2 weeks ago
NA Chairman hosts leading Indonesian groups’ leaders
Business2 weeks ago
Vietnam, RoK promote digital technology cooperation
Business2 weeks ago
Businesses urged to diversify export markets amid current difficult context