Connect with us

Politics

Việt Nam joins Indo-Pacific Economic Framework for Prosperity

Published

on

 

 

Vietnamese Prime Minister Phạm Minh Chính gave the speech at the launch of the Indo-Pacific Economic Framework for Prosperity on Monday. — Photo

 

HÀ NỘI — Việt Nam will join 12 countries in the region in the Indo-Pacific Economic Framework for Prosperity (IPEF) as US President Joe Biden launches the initiative on Monday during his visit to long-term ally Japan.

The formal rollout of the IPEF was held in a hybrid format in Tokyo – with US President, Japanese Prime Minister Fumio Kishida, and Indian Prime Minister Narendra Modi taking part in person, and leaders from Australia, Brunei, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, and Thailand joining remotely.

The White House said this economic framework with an initial 13 countries represents 40 per cent of global GDP.

The framework will focus on four key pillars – Connected Economy (including rules on digital economy, standards on cross-border data flows and data localisation, online privacy, and use of artificial intelligence); Resilient Economy (first-of-their-kind supply chain commitments that better anticipate and prevent disruptions); Clean Economy (commitments on clean energy and decarbonisation, infrastructure that promote good-paying jobs); and Fair Economy (effective tax, anti-money laundering, anti-bribery regimes, etc.)

Addressing the launch from Hà Nội, Vietnamese Prime Minister Phạm Minh Chính said the current landscape calls for the adjustments of our growth model and economic linkages towards greater sustainability and resilience in order to fully harness the internal power and optimise external resources minding that internal resources are fundamental, strategic, long-term determinants while external resources are a constant game changer.

“Multilateralism and international solidarity must be grounded in security, trust, responsibility,” he noted.

“Today’s launch of the Indo-Pacific economic framework will kickstart a serious discussion in exchange of ideas towards addressing critical regional and global issues together, issues that no one can address on their own like ones on a global scope – supply chains diversification and resilience, technological innovation, digital transformation, e-commerce promotion, climate change response, achieving net-zero by 2050, green growth, taxation issues and anti-corruption among many others,” the Vietnamese Government leader said.

 

Prime Minister Phạm Minh Chính attends the announcement event for the Indo-Pacific Economic Framework for Prosperity virtually from Hà Nội on Monday. — VNA/ Photo Dương Giang

“Việt Nam is committed to pursuing and is making all efforts towards an independent, self-reliant economy hand-in-hand with extensive and substantive international integration,” PM Chính underlined.

“Việt Nam is also participating in various initiatives at international connectivity, and is an active contributor to the joint efforts to accelerate economic recovery and sustainable development in the region and the world.”

With regards to the IPEF, PM Chính expects that the discussions and brainstorming will bring about a cooperation framework “that is truly beneficial to all people,” as after all, “people are the centre, the object, the purpose, and the driver for development in all types of international integration processes today.”

It should be an inclusive, open, and flexible process, balanced and pursuant to international laws, and serves the lawful and legitimate interests of all parties concerned, PM Chính said.

“IPEF will be best harnessed when it complements the existing economic connectivity initiatives,” he added.

Việt Nam pledged to work with ASEAN members and US partners in the discussions to clarify what the IPEF cooperation pillars entail and bring about an economic agenda that is conducive for the region and for each country, for peace, stability, cooperation, and development in the region and the world and prosperity for all.

For Việt Nam, Australia, and New Zealand, the IPEF will be their third major trade pacts aside from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP). —

Source: https://vietnamnews.vn/politics-laws/1204361/viet-nam-joins-indo-pacific-economic-framework-for-prosperity.html

Politics

Vietnam’s top legislator Vuong Dinh Hue starts visit to New Zealand

Published

on

Vietnam’s lawmaking National Assembly (NA) Chairman Vuong Dinh Hue arrived in Auckland City, New Zealand on Wednesday, commencing his five-day official visit to the country.

Welcoming the Vietnamese NA leader at Auckland International Airport were Vietnamese Ambassador to New Zealand Nguyen Van Trung as well as representatives of the New Zealand government and the Auckland administration, the Vietnam News Agency reported.

The visit will last until Wednesday at the invitation of Speaker of the New Zealand House of Representatives Adrian Rurawhe, marking the first official visit by Hue to New Zealand as Vietnam’s top legislator.

This is also the first visit of a senior Vietnamese leader to New Zealand since the two countries fully reopened after putting COVID-19 under control.

During his stay in New Zealand, Chairman Hue will hold talks with New Zealand Parliament Speaker Adrian Rurawhe and meet with other senior leaders of the host country.

He will have meetings with a number of representatives of New Zealand enterprises in Auckland on Sunday morning.

As part of his trip, the Vietnamese legislator will visit the Vietnamese Embassy in Wellington, attend educational and economic cooperation forums, and meet with representatives of the Vietnamese community, among other activities.

Talking to the press ahead of the visit, New Zealand Ambassador to Vietnam Tredene Dobson said New Zealand was looking forward to Hue’s visit, which would open up opportunities for further promotion of cooperation between the two legislative bodies, as well as the two countries in general, especially in sustainable economic development.

Chairman Hue’s visit follows a four-day visit to Vietnam by New Zealand Prime Minister Jacinda Ardern, starting on November 14, during which Ardern and many Vietnamese leaders, including the NA chairman, discussed steps to promote the bilateral strategic partnership that was established in July 2020.

Currently, New Zealand is a strategic partner of Vietnam in the South Pacific region, with cooperation between the two countries having developed vigorously and effectively in all fields.

Due to the COVID-19 pandemic, the exchange of delegations between the two legislatures was interrupted in the 2021-22 period, but high-level contacts were maintained and bilateral cooperation mechanisms were conducted both online and in person.

The 15th Vietnamese NA has established the 10-member Vietnam – New Zealand Friendship Parliamentarians’ Group and continued maintaining information exchange with the New Zealand Embassy in Hanoi.

Both countries are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Economic Partnership Agreement (RCEP).

New Zealand is now the 36th-largest trading partner of Vietnam, with two-way trade continuing to grow despite the impacts of the pandemic.  

Last year, bilateral trade reached US$1.3 billion, up 26.7 percent from 2020, and the figure for the first nine months of this year amounted to $1.1 billion, up 13.6 percent year on year.

As one of the countries providing stable ODA sources to Vietnam, New Zealand has approved an ODA fund worth NZD26.7 million ($17.1) for the Southeast Asian country in 2021-24, equivalent to the amount in the 2018-21 period.

New Zealand has also supplied 30,000 COVID-19 vaccine doses and NZD2 million ($1.28 million) in post-pandemic relief aid to Vietnam.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Vietnam’s lawmaking National Assembly (NA) Chairman Vuong Dinh Hue arrived in Auckland City, New Zealand on Wednesday, commencing his five-day official visit to the country.

Welcoming the Vietnamese NA leader at Auckland International Airport were Vietnamese Ambassador to New Zealand Nguyen Van Trung as well as representatives of the New Zealand government and the Auckland administration, the Vietnam News Agency reported.

The visit will last until Wednesday at the invitation of Speaker of the New Zealand House of Representatives Adrian Rurawhe, marking the first official visit by Hue to New Zealand as Vietnam’s top legislator.

This is also the first visit of a senior Vietnamese leader to New Zealand since the two countries fully reopened after putting COVID-19 under control.

During his stay in New Zealand, Chairman Hue will hold talks with New Zealand Parliament Speaker Adrian Rurawhe and meet with other senior leaders of the host country.

He will have meetings with a number of representatives of New Zealand enterprises in Auckland on Sunday morning.

As part of his trip, the Vietnamese legislator will visit the Vietnamese Embassy in Wellington, attend educational and economic cooperation forums, and meet with representatives of the Vietnamese community, among other activities.

Talking to the press ahead of the visit, New Zealand Ambassador to Vietnam Tredene Dobson said New Zealand was looking forward to Hue’s visit, which would open up opportunities for further promotion of cooperation between the two legislative bodies, as well as the two countries in general, especially in sustainable economic development.

Chairman Hue’s visit follows a four-day visit to Vietnam by New Zealand Prime Minister Jacinda Ardern, starting on November 14, during which Ardern and many Vietnamese leaders, including the NA chairman, discussed steps to promote the bilateral strategic partnership that was established in July 2020.

Currently, New Zealand is a strategic partner of Vietnam in the South Pacific region, with cooperation between the two countries having developed vigorously and effectively in all fields.

Due to the COVID-19 pandemic, the exchange of delegations between the two legislatures was interrupted in the 2021-22 period, but high-level contacts were maintained and bilateral cooperation mechanisms were conducted both online and in person.

The 15th Vietnamese NA has established the 10-member Vietnam – New Zealand Friendship Parliamentarians’ Group and continued maintaining information exchange with the New Zealand Embassy in Hanoi.

Both countries are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Economic Partnership Agreement (RCEP).

New Zealand is now the 36th-largest trading partner of Vietnam, with two-way trade continuing to grow despite the impacts of the pandemic.  

Last year, bilateral trade reached US$1.3 billion, up 26.7 percent from 2020, and the figure for the first nine months of this year amounted to $1.1 billion, up 13.6 percent year on year.

As one of the countries providing stable ODA sources to Vietnam, New Zealand has approved an ODA fund worth NZD26.7 million ($17.1) for the Southeast Asian country in 2021-24, equivalent to the amount in the 2018-21 period.

New Zealand has also supplied 30,000 COVID-19 vaccine doses and NZD2 million ($1.28 million) in post-pandemic relief aid to Vietnam.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/politics/20221204/vietnams-top-legislator-vuong-dinh-hue-starts-visit-to-new-zealand/70331.html

Continue Reading

Politics

Vietnam president leaves Hanoi for state visit to S.Korea

Published

on

Vietnamese State President Nguyen Xuan Phuc left Hanoi on Sunday morning for a state visit to South Korea at the invitation of South Korean President Yoon Suk Yeol.

During his visit to South Korea from Sunday to Tuesday, President Phuc will hold talks with President Yoon and meet Prime Minister Han Duck Soo and Speaker of the National Assembly Kim Jin Pyo.

He will also have meetings with major Korean business leaders and overseas Vietnamese, as well as attend the opening of the Vietnam Day program in South Korea.

The visit takes place in the context that the two countries are celebrating 30 years of diplomatic relations, with the strategic cooperative partnership developing positively and effectively.

The state leader will be accompanied by Standing Deputy Prime Minister Pham Binh Minh, Minister of Foreign Affairs Bui Thanh Son, Minister of Planning and Investment Nguyen Chi Dung, Minister of Industry and Trade Nguyen Hong Dien, Minister of Culture, Sports, and Tourism Nguyen Van Hung, and Minister of Health Dao Hong Lan, among other high-ranking officials.

President Phuc is the first senior foreign leader to pay a state visit to South Korea since President Yoon took office, according to the Vietnam News Agency.

Vietnam and South Korea established their diplomatic relations on December 22, 1992.

In August 2001, the two nations issued a joint statement on their comprehensive partnership on the occasion of Vietnamese President Tran Duc Luong’s visit to South Korea.

In October 2009, the bilateral ties were upgraded to a strategic cooperative partnership during the Vietnam visit by President Lee Myung-bak.

As of September, South Korea remained the biggest foreign investor in Vietnam with US$80.52 billion, accounting for 18.6 percent of the total investment in the Southeast Asian country.

The East Asian nation was also the third-biggest trade partner of Vietnam with two-way trade reaching $66.65 billion in 2019, $65 billion in 2020, and $78 billion in 2021.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Vietnamese State President Nguyen Xuan Phuc left Hanoi on Sunday morning for a state visit to South Korea at the invitation of South Korean President Yoon Suk Yeol.

During his visit to South Korea from Sunday to Tuesday, President Phuc will hold talks with President Yoon and meet Prime Minister Han Duck Soo and Speaker of the National Assembly Kim Jin Pyo.

He will also have meetings with major Korean business leaders and overseas Vietnamese, as well as attend the opening of the Vietnam Day program in South Korea.

The visit takes place in the context that the two countries are celebrating 30 years of diplomatic relations, with the strategic cooperative partnership developing positively and effectively.

The state leader will be accompanied by Standing Deputy Prime Minister Pham Binh Minh, Minister of Foreign Affairs Bui Thanh Son, Minister of Planning and Investment Nguyen Chi Dung, Minister of Industry and Trade Nguyen Hong Dien, Minister of Culture, Sports, and Tourism Nguyen Van Hung, and Minister of Health Dao Hong Lan, among other high-ranking officials.

President Phuc is the first senior foreign leader to pay a state visit to South Korea since President Yoon took office, according to the Vietnam News Agency.

Vietnam and South Korea established their diplomatic relations on December 22, 1992.

In August 2001, the two nations issued a joint statement on their comprehensive partnership on the occasion of Vietnamese President Tran Duc Luong’s visit to South Korea.

In October 2009, the bilateral ties were upgraded to a strategic cooperative partnership during the Vietnam visit by President Lee Myung-bak.

As of September, South Korea remained the biggest foreign investor in Vietnam with US$80.52 billion, accounting for 18.6 percent of the total investment in the Southeast Asian country.

The East Asian nation was also the third-biggest trade partner of Vietnam with two-way trade reaching $66.65 billion in 2019, $65 billion in 2020, and $78 billion in 2021.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/politics/20221204/vietnam-president-leaves-hanoi-for-state-visit-to-skorea/70328.html

Continue Reading

Politics

Vietnam offers condolences over death of former Chinese President Jiang Zemin

Published

on

Vietnamese Party and State leaders have sent condolences to the government and people of China on the death of former President of China Jiang Zemin, the Vietnamese Ministry of Foreign Affairs reported. 

Vietnamese Communist Party General Secretary Nguyen Phu Trong, State President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh and National Assembly Chairman Vuong Dinh Hue on Friday sent condolence messages to Chinese Communist Party General Secretary and Chinese President Xi Jinping, Premier Li Keqiang, Chairman of the Standing Committee of the National People’s Congress of China Li Zhanshu, and Jiang’s family, the ministry said in a statement.

Jiang, who was also former Chinese Communist Party General Secretary, died from leukemia and multiple organ failure in Shanghai on Wednesday, at 96, the Xinhua news agency reported. 

In their messages, the Vietnamese leaders affirmed that Jiang was an outstanding leader of the Chinese Communist Party and State, who has made great contributions to the revolutionary cause and construction of socialism with Chinese characteristics. 

He also made significant contributions to the normalization and promotion of the development of Vietnam-China relations.

The Vietnamese Communist Party, State and people always appreciate and remember the great contributions of Jiang Zemin to the ties between the two Parties and countries, the messages read. 

The Vietnamese leaders sent wreaths to the Chinese Embassy in Hanoi in commemoration of his death, and a high-ranking delegation led by President Phuc visited the embassy and wrote in the condolence book.

The same day, head of the Vietnamese Communist Party Central Committee’s Commission for External Relations Le Hoai Trung and Foreign Minister Bui Thanh Son also sent condolences to head of China’s Central Committee’s International Liaison Department Liu Jianchao and Politburo member, State Councilor and Foreign Minister Wang Yi.

Jiang Zemin served as Chinese Communist Party General Secretary for 13 years (1989-2002) and as President of China for 10 years (1993-2003).

He also served as chairman of the Central Military Commission in the 1989-2004 period.

In November 1994, Jiang visited Vietnam and nearly three years later, Vietnamese Communist Party General Secretary Do Muoi visited China, fostering the friendly relationship between the two nations.

Within 10 years after the normalization of bilateral relations, the two countries signed six joint statements to expand and consolidate the bilateral ties.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Vietnamese Party and State leaders have sent condolences to the government and people of China on the death of former President of China Jiang Zemin, the Vietnamese Ministry of Foreign Affairs reported. 

Vietnamese Communist Party General Secretary Nguyen Phu Trong, State President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh and National Assembly Chairman Vuong Dinh Hue on Friday sent condolence messages to Chinese Communist Party General Secretary and Chinese President Xi Jinping, Premier Li Keqiang, Chairman of the Standing Committee of the National People’s Congress of China Li Zhanshu, and Jiang’s family, the ministry said in a statement.

Jiang, who was also former Chinese Communist Party General Secretary, died from leukemia and multiple organ failure in Shanghai on Wednesday, at 96, the Xinhua news agency reported. 

In their messages, the Vietnamese leaders affirmed that Jiang was an outstanding leader of the Chinese Communist Party and State, who has made great contributions to the revolutionary cause and construction of socialism with Chinese characteristics. 

He also made significant contributions to the normalization and promotion of the development of Vietnam-China relations.

The Vietnamese Communist Party, State and people always appreciate and remember the great contributions of Jiang Zemin to the ties between the two Parties and countries, the messages read. 

The Vietnamese leaders sent wreaths to the Chinese Embassy in Hanoi in commemoration of his death, and a high-ranking delegation led by President Phuc visited the embassy and wrote in the condolence book.

The same day, head of the Vietnamese Communist Party Central Committee’s Commission for External Relations Le Hoai Trung and Foreign Minister Bui Thanh Son also sent condolences to head of China’s Central Committee’s International Liaison Department Liu Jianchao and Politburo member, State Councilor and Foreign Minister Wang Yi.

Jiang Zemin served as Chinese Communist Party General Secretary for 13 years (1989-2002) and as President of China for 10 years (1993-2003).

He also served as chairman of the Central Military Commission in the 1989-2004 period.

In November 1994, Jiang visited Vietnam and nearly three years later, Vietnamese Communist Party General Secretary Do Muoi visited China, fostering the friendly relationship between the two nations.

Within 10 years after the normalization of bilateral relations, the two countries signed six joint statements to expand and consolidate the bilateral ties.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/politics/20221203/vietnam-offers-condolences-over-death-of-former-chinese-president-jiang-zemin/70322.html

Continue Reading

Trending