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World Bank an important partner of Vietnam: PM

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Vietnam always considers the World Bank (WB) a good friend and an important partner, Prime Minister Pham Minh Chinh said while receiving WB managing director of operations Axel van Trotsenburg in Hanoi on Monday.

At the meeting, PM Chinh thanked the global lender for providing resources and macro-policy advice, as well as for making positive contributions to Vietnam’s socio-economic development and e-government building, the Vietnam News Agency reported.

At the recent conference on planning and investment promotion in the Mekong Delta region, six development banks pledged to provide about US$2.2 billion financing for the region, of which $450 million is expected to come from the WB, the leader continued.

Vietnam is committed to contributing nearly $16 million to the WB during the 2021-23 period, as the organization is mobilizing $13 billion, the largest capital increase in history, to supplement its operation capital.

Regarding Vietnam’s commitments at the 26th United Nations Climate Change Conference (COP26) in the UK last year, Chinh affirmed that the country is responsibly and actively joining hands with the international community in climate change response, transforming the development model, and building an energy transition industry. 

He asked the WB to continue supporting Vietnam in climate change adaptation.

Van Trotsenburg expressed his impression with the solutions adopted by the Vietnamese government to simultaneously realize the goals in recent years.

He said that he would continue to accompany the Vietnamese government in the upcoming development journey, not only in the financial sector but also in strategic issues such as improving the capacity of the health system, responding to diseases, and adapting to climate change.

The WB is ready to send a team of global experts to help the Vietnamese government realize the goal of turning Vietnam into a developed and high-income country by 2045, he added.

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Source: https://tuoitrenews.vn/news/politics/20220719/world-bank-an-important-partner-of-vietnam-pm/68190.html

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Vietnam resolutely opposes Taiwan’s live-fire exercise in Truong Sa

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Vietnam resolutely opposes Taiwan’s live-fire exercise in the former’s waters, an act that seriously violates Hanoi’s territorial sovereignty.

Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang told the press on Friday that Taiwan’s live-fire drill in the waters around Ba Binh Island in the Vietnamese Truong Sa (Spratly) archipelago was a serious violation of Vietnam’s territorial sovereignty.

The fact that Taiwan holds a live-fire drill in the waters around Ba Binh in Truong Sa is a blatant violation of Hanoi’s territorial sovereignty over the archipelago, threatening maritime peace, stability, safety, and security, causing tension, and complicating the situation in the East Vietnam Sea.

Vietnam resolutely opposes and demands that Taiwan cancel the illegal activities and not repeat similar violations in the future, Hang stressed.

Ba Binh is the largest natural island in Truong Sa, which belongs to Vietnam but has been illegally occupied by Taiwan since 1956.

Vietnam has repeatedly affirmed that it has sufficient historical evidence and legal basis to affirm its sovereignty over the Hoang Sa (Paracel) and Truong Sa archipelagoes in accordance with international law.

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Source: https://tuoitrenews.vn/news/politics/20221202/vietnam-resolutely-opposes-taiwans-livefire-exercise-in-truong-sa/70300.html

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Vietnamese State President Nguyen Xuan Phuc to visit S.Korea this weekend

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Vietnamese State President Nguyen Xuan Phuc will start a three-day visit to South Korea on Sunday, during which he will attend the Vietnam-South Korea Business Forum, which will gather a large number of business delegates from both countries.

Phuc, his spouse, and an entourage will visit the Eastern Asian country from December 4 to 6, at the invitation of South Korean President Yoon Suk Yeo, the Vietnamese Ministry of Foreign Affairs announced on Thursday.

The visit will mark Phuc’s first to South Korea as a state president and also the first by a Vietnamese state head to this nation after 11 years, according to the foreign ministry.

For South Korea, Phuc is the highest-ranking Vietnamese leader that the country will welcome after Yoon took office in May.

During his stay in South Korea, President Phuc will hold talks with his counterpart Yoon, and meet Prime Minister Han Duck Soo as well as National Assembly Speaker Kim Jin Pyo. 

The Vietnamese leader will also attend and address the Vietnam – South Korea Business Forum, organized by five major Korean economic organizations on December 6, with the participation of hundreds of business representatives from each side.

According to South Korean media, the country’s businesses are looking forward to the event, which will discuss steps to boost bilateral economic cooperation, including the investment expansion by South Korean investors in Vietnam.

Companies of both nations are expected to sign a lot of memoranda of understanding on business cooperation at the forum. 

Lee Jay Yong, chairman of South Korean giant Samsung Electronics, is also arranging a schedule to meet with President Phuc on this occasion, according to Korean Broadcasting System (KBS). 

This image shows Nguyen Xuan Phuc attending the The Vietnam-South Korean Business Forum held in South Korea in 2019, when he visited the country as Vietnam’s Prime Minister.  Photo: Communist Party of Vietnam

This image shows Nguyen Xuan Phuc attending the Vietnam-South Korean Business Forum held in South Korea in 2019, when he visited the country as Vietnam’s prime minister. Photo: Communist Party of Vietnam

Phuc’s visit comes as both countries are celebrating 30 years of diplomatic relations, and aiming to upgrade their ties to a comprehensive strategic partnership from the current strategic partnership that has developed smoothly, substantively, and effectively since 2009.

President Phuc was one of the first foreign leaders to call and congratulate Yoon on his winning the presidential election in March.

After President Yoon took power, Vietnam’s Party General Secretary Nguyen Phu Trong and Prime Minister Pham Minh Chinh had phone talks with him in June and July, respectively. 

Three months later, South Korean Foreign Minister Park Jin visited Vietnam at the invitation of his Vietnamese counterpart Bui Thanh Son.

On the sidelines of the 40th and 41st ASEAN Summits and related meetings in Cambodia in mid-November, PM Chinh met with President Yoon.

South Korea currently takes the number-one position in terms of foreign direct investment in Vietnam, with over US$80 billion as of September 2022, and ranks second out of the countries offering official development assistance (ODA) to Vietnam, with $2.7 billion in the 2012-20 period.

In terms of trade, South Korea ranks third among Vietnam’s partners, with bilateral trade increasing in recent years despite the impact of the COVID-19 epidemic, aiming for a target of $100 billion in 2023 and $150 billion by 2030.

Currently, about 216,000 Vietnamese are living in South Korea, according to the Korea Immigration Service.

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Source: https://tuoitrenews.vn/news/politics/20221202/vietnamese-state-president-nguyen-xuan-phuc-to-visit-skorea-this-weekend/70295.html

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UNCLOS plays important role in regional peace: Vietnam workshop

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The importance of settling disputes at sea by peaceful means based on international law, including the United Nations Convention on the Law of the Sea (UNCLOS) in 1982, was highlighted at an ASEAN workshop in Hanoi, Vietnam on Wednesday.

The event, the fourth ASEAN Regional Forum (ARF) Workshop, was co-organized by the Vietnamese Ministry of Foreign Affairs, the EU, Australia, and New Zealand.

About 200 representatives from 27 ARF member countries, regional and international organizations, diplomatic offices, and research institutes were in attendance.

The two-day seminar focused on implementing the 1982 United Nations Convention on the Law of the Sea (UNCLOS) and other international instruments meant to address emerging maritime issues.

Deputy head of the EU Delegation to Vietnam Thomas Wiersing is seen speaking at the ARF workshop in Hanoi, Vietnam on November 30, 2022. Photo: Ministry of Foreign Affairs

Deputy head of the EU Delegation to Vietnam Thomas Wiersing is seen speaking at the ARF workshop in Hanoi, Vietnam, November 30, 2022. Photo: Ministry of Foreign Affairs

In his opening speech, Nguyen Minh Vu, assistant to Vietnam’s foreign minister, reiterated the significance of UNCLOS in the settlement of maritime issues, especially in the context of emerging challenges that require intensive and extensive international cooperation to solve.

UNCLOS sets important standards for countries in the region to strengthen trust and promote cooperation for peace, security, and prosperity, Vu said, adding that all maritime disputes should be addressed by peaceful measures based on international law.

Deputy head of the EU Delegation to Vietnam Thomas Wiersing underlined the leading role of ASEAN in promoting regional peace and stability, affirming the EU’s support for the early completion of negotiations on a substantive and legally binding Code of Conduct (COC) for the East Vietnam Sea.

Mark Tattersall, chargé d’affaires of the Australian Embassy in Hanoi, spoke on the importance of the ARF’s role in security and cooperation dialogues in the Indo-Pacific region.

The fourth ASEAN Regional Forum (ARF) workshop was held in Hanoi, Vietnam, on November 30, 2022 is seen in this image. Photo: Ministry of Foreign Affairs

The fourth ASEAN Regional Forum (ARF) workshop was held in Hanoi, Vietnam, November 30, 2022. Photo: Ministry of Foreign Affairs

He spoke highly of the workshop’s agenda, which included marine biodiversity conservation in waters beyond national jurisdiction, offshore nuclear reactors, and the delimitation of maritime zones amid rising sea levels.

Georgina Roberths, head of New Zealand’s ASEAN Senior Officials’ Meeting (SOM), shared her appreciation for the role that maritime areas play in establishing peace, security, and development in the region.

She also stressed the need to use international law, including UNCLOS, to peacefully resolve disputes. 

In general, most of the delegates agreed to consider UNCLOS as the most crucial legal tool in maintaining regional peace and stability, serving as a framework for settling both longstanding and emerging maritime issues in the region.

On Thursday – the workshop’s second working day – representatives were scheduled to discuss international cooperation efforts for sustainable use and conservation of seas and oceans. 

Established in 1994, the ASEAN Regional Forum is aimed at fostering constructive dialogue and consultation on political and security issues of common interest and concern, and at making significant contributions to efforts toward confidence-building and preventive diplomacy in the Asia-Pacific region.

Among the 27 AFR members are 10 ASEAN member states (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam) and ASEAN’s dialogue partners, including the U.S., EU, China, Australia, New Zealand, Japan, India, Russia, and South Korea, among others.

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Source: https://tuoitrenews.vn/news/politics/20221202/unclos-plays-important-role-in-regional-peace-vietnam-workshop/70294.html

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