China asean economic cooperation

Prime Minister Nguyen Xuan Phuc and his Spouse will attend the 2019 ASEAN-Republic of Korea (RoK) Commemorative Summit, the first Mekong-RoK Summit and pay an official visit to the RoK from November 24-28 at the invitation of President Moon Jae-in. Foreign Ministry’s Spokesperson Le Thi Thu Hang released the news at a press briefing in Hanoi on Thursday. The Commemorative Summit will take place in Busan, Korea from November 25 to 26 to celebrate the 30th anniversary of the dialogue partnership between ASEAN and the RoK. It will be the biggest international conference the ROK hosts under the Moon Jae-in administration. This will be the third commemorative summit hosted by the RoK with ASEAN. The previous ones took place in Jeju and Busan in 2009 and 2014, respectively. This year’s summit will provide an opportunity for leaders of ASEAN and the RoK to review the partnership and shape cooperation orientations for the next decades, Hang said. Meanwhile, the first … [Read more...] about PM Phuc to attend ASEAN-RoK Commemorative Summit, visit RoK

Vietnamese Ambassador to Russia Ngo Duc Manh (left) on November 21 took over the rotating Chairmanship of the ASEAN Moscow Committee (AMC) from the Thai ambassador. (Photo: VNA) Moscow (VNA) – Vietnamese Ambassador to Russia Ngo Duc Manh on November 21 took over the rotating Chairmanship of the ASEAN Moscow Committee (AMC) from the Thai ambassador. The hand-over took place during the fourth meeting of the AMC held in the Hanoi-Moscow Complex (Incentra) in the Russian capital city the same day. Ambassadors from other ASEAN member countries, including the Philippines, Brunei, Cambodia, Laos and Indonesia, expressed their support for Vietnam’s AMC Chairmanship, which, they said, is expected to help promote solidarity and cooperation between the grouping and Russia. The meeting adopted the plan on the committee’s activities in 2020 proposed by Vietnam. Accordingly, the committee is scheduled to host such activities as an ASEAN flag hoisting ceremony, ASEAN Family … [Read more...] about Vietnam takes over Chairmanship of ASEAN Moscow Committee

The ASEAN+3 Regional Economic Outlook 2019 quoted Dr. Hoe Ee Khor, AMRO Chief Economist, as saying while regional growth is softening to 5.1 percent in 2019 and 5 percent in 2020 from 5.3 percent in 2018, the long-term economic fundamentals remain intact. Panelists speak at the AMRO seminar. “Regional policymakers should stand ready to use available policy space to ease monetary and fiscal policies to mitigate the downside risks and support the economy if external conditions were to worsen,” he said. He suggested prioritizing longer-term policies, especially those focused on building capacity and connectivity to leverage the Fourth Industrial Revolution (Industry 4.0) and sustain growth in the new economy. AMRO pointed out three key challenges to regional growth, including the funding, foreign exchange and factor gaps. The funding gaps capture the shortfalls between the low domestic savings and large investment needs of lower-income economies. The … [Read more...] about ASEAN+3 economy to remain stable in long run despite risks

At the talks, the two sides reviewed the implementation of the signed projects since the previous round of negotiations. They highly appreciated the achieved results, reaffirming that the cooperation has contributed to deepening the Vietnam-China comprehensive strategic cooperative partnership and maintaining peace, stability and security at sea. Vietnamese and Chinese coast guard ships in a joint patrol in the Gulf of Tonkin. (Photo for illustration: petrotimes.vn) Discussing cooperation orientations for the coming time, both sides agreed that on the basis of the serious implementation of the important common perceptions between leaders of the two Parties and countries, the Vietnam-China agreement on basic principles guiding the settlement of sea-related issues, international law and each side’s resources, the two countries will continue promoting new cooperation projects on marine environmental protection. Also, they will work for the signing of a … [Read more...] about Vietnam, China discuss cooperation in less sensitive sea-related areas

Prime Minister Nguyen Xuan Phuc (right) receives US Secretary of Defense Mark Esper The host said that Vietnam wants to promote bilateral relations and cooperation in bilateral relations on the basis of mutual respect for each other’s independence, sovereignty, territorial integrity and political system, contributing to peace, stability, security and development in the region and world. He hailed the outcomes of the talks held earlier between Vietnamese Defense Minister Ngo Xuan Lich and the visiting US Defense Secretary, as well as the practical outcomes of the bilateral defense cooperation in line with the Vietnam-US comprehensive partnership and agreements signed by the two countries’ leaders. The Vietnamese PM confirmed the Vietnamese Governments support for the bilateral defense ties, suggesting that the two defense organizations should take measures to effectively realize signed agreements, including the joint statements on defense cooperation between the … [Read more...] about Defense leaders highly value bilateral defense cooperation on US Defense Secretary’s visit to Vietnam