First row, from left to right: Vietnamese PM Nguyen Xuan Phuc, Indonesian President Joko Widodo, and Australian PM Scott Morrison at the APEC Leaders' dialogue with ABAC in Papua New Guinea, November 17, 2018. Photo: VGP PM Nguyen Xuan Phuc made the above remarks while addressing the annual dialogue between APEC leaders and APEC Business Advisory Council (ABAC), which was established in 1995. A part from huge economic benefits, the trade deal is expected to give a strong boost for Viet Nam to accelerate institutional reform, economic restructuring, and expansion of economic connectivity space, according to PM Phuc. In addition, the Viet Nam-EU free trade agreement is expected to be signed soon after the European Commission adopted the deal last month. With the two aforesaid deals, Viet Nam will participate in a network of 16 free trade agreements involving nearly 60 partners accounting for 61% of global GDP and 68% of global trade volume. PM Phuc emphasized that Viet Nam’s … [Read more...] about Economic integration advances to new stage, says PM
Deputy PM Binh Minh meets with Papua New Guinea FM
During the talks, the two sides agreed on measures to further foster the bilateral relations in the time to come, including enhancing the exchange of delegations, investment promotion and business links in the fields of their strength such as aquaculture, agriculture, and health care. Rimbink Pato said his country wants to import rice directly from Vietnam, suggesting the two countries expand cooperation in fishery and aquaculture, and coffee growing and processing. He also expressed the hope that Vietnam will support Papua New Guinea in training doctors. For his part, Minh welcomed the ideas and asked for collaboration of Papua New Guinea with Vietnam to address issues related to Vietnamese fishermen and fishing boats in the spirit of friendship and humanity. Pato thanked Vietnam for its assistance to his country to host the 26th APEC Economic Leaders’ Meeting, and agreed to work with Vietnam to accelerate the implementation of agreements reached in the … [Read more...] about Deputy PM Binh Minh meets with Papua New Guinea FM
Vanuatu to open Consulate-General in HCMC
PM Nguyen Xuan Phuc (R) meets with Vanuatu counterpart Charlot Salwai on the sidelines of the 26th APEC Economic Leaders' Meeting in Papua New Guinea on November 17, 2018. Photo: VNA Salwai asserted his country attaches importance to the friendship and cooperation with Viet Nam, expecting that the two nations will strengthen delegation exchanges in a bid to foster the bilateral ties. He announced that Vanuatu will open a Consulate-General in Ho Chi Minh City. Vanuatu backs Viet Nam to win a non-permanent seat on the United Nations Security Council for tenure 2020-2021, said Mr. Salwai. He also pledged to continue support for the Vietnamese community to live and work in his country. Welcoming Vanuatu to open the Consulate-General in Ho Chi Minh City, PM Phuc said Viet Nam is preparing for appointment of a Honorary Consul in Vanuatu. The two PMs agreed to actively realize the Memorandum of understating on technical cooperation and development, accelerate … [Read more...] about Vanuatu to open Consulate-General in HCMC
Gov’t welcomes business feekbacks to improve investment climate
The PM made that statement at his meeting with several American businesses November 17 on the occasion of his visit to Papua New Guinea to attend the 26th APEC Economic Leaders’ Meeting. Many of these companies have invested in Viet Nam in such fields like biotechnology, prodution quality inspection, healthcare, and rare disease treatment. The Government’s one of current top priorities is to improve quality of institutions in order to build an environment conducive to business and investment operations. PM Phuc spoke highly of American investments in Viet Nam, saying both countries have plenty of room for cooperation, especially in such areas like economy, trade, and investment, which are regarded as a key pillar of the bilateral ties. The two-way trade value increased 35 times over the recent 18 years and the U.S. exports to Viet Nam grew 37% this year, he added. By Thuy Dung … [Read more...] about Gov’t welcomes business feekbacks to improve investment climate
Russian PM Medvedev’s official visit expected to boost strategic partnership with VN
PM Nguyen Xuan Phuc (left) and his Russian counterpart Medvedev on the sidelines of the 31st ASEAN Summit in Manila, the Philippines, November 14, 2017 – Photo: VGP/Quang Hieu Since 2001, the two countries have exchanged 24 high-level visits, including President V. Putin’s official visit to Viet Nam in 2013, Party General Secretary Nguyen Phu Trong’s official visits to Russia in 2014 and 2018, PM Medvedev’s official visit to Viet Nam in 2015, State President Tran Dai Quang’s official visit to Russia in 2017 and PM Nguyen Xuan Phuc’s official visit to Russia in 2016. In 2008, Viet Nam and Russia began the annual Strategic Dialogue on Diplomacy-Defense-Security at deputy foreign minister level. The two sides established the deputy ministerial-level defense strategic dialogue in 2013. Both sides have been unanimous in a wide range of international and … [Read more...] about Russian PM Medvedev’s official visit expected to boost strategic partnership with VN