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A panel of experts advising Kishida this month recommended broad tax measures to pay for the hike and cautioned against raising debt that could expose U.S. ally Japan to international market changes. Kishida's administration has pledged to "substantially" increase defense spending to counter what Tokyo sees as a growing security threat posed by China. "Given the present security situation, we need to strengthen defense spending urgently in five years," Defense Minister Yasukazu Hamada told reporters after a meeting with the premier and Finance Minister Shunichi Suzuki. "... He told us to make every effort in securing necessary (funding) quickly and firmly," he said. To meet the size of Japan's mid-term defense plan, to be drawn up by the year-end, the government will decide on securing funding from both revenue and spending reforms. "As a responsible nation, we must make the utmost efforts in spending reform, but at the same time steady funding sources are indispensable in … [Read more...] about Japan PM wants defense spending to double to 2% of GDP to counter China

The Ministry of Agriculture and Rural Development and authorities of the southern province of Ben Tre held a ceremony to announce the export of the first pomelo lot to the US this morning, November 28. Six years after registering pomelo exports to the US, US and Vietnamese agencies finalised procedures, including phytosanitary issues. The US has officially agreed to accept the import of Vietnamese pomelos. Ben Tre has become the first locality to be allowed to export the fruit to the US. With the event, pomelo has become the seventh Vietnamese fruit allowed to enter the US market following dragon fruit, rambutans, lychees, longans, star apples and mangos. Vietnam is home to 105,400 hectares of pomelo with a total output of nearly 905,000 tonnes per year. The Red River Delta region has 13,000 hectares, the northern midland region with 30,000 hectares and the Mekong Delta region with 32,000 hectares. As many as 36 pomelo growing areas in 10 Vietnamese provinces have … [Read more...] about Vietnam exports first pomelo batch to the US

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - The 17th session of the National Assembly Standing Committee opened in Hanoi on November 28, and will last only one day. Under the chair of NA Chairman Vuong Dinh Hue, the committee is scheduled to give opinions on the outcomes of the 4th session of the 15th National Assembly which concluded on November 15 and preparations for the legislature's 2nd extraordinary session and the 5th regular session in May next year. Read full story - The 9th National Buddhist Congress opened in Hanoi on November 28, with President Nguyen Xuan Phuc attending. The congress, held in accordance with the Charter of the Vietnam Buddhist Sangha (VBS), brought together 1,091 delegates, including Buddhist dignitaries, monks, nuns and followers. Read full story - Prime Minister Pham Minh Chinh received European Commissioner for Environment, Oceans, and Fisheries Virginijus Sinkevičius in Ho … [Read more...] about ☕ Afternoon briefing on November 28

Illustrative image (Photo: VNA) Hanoi (VNA) – The Ministry of Transport has submitted a plan to increase international freight transport by rail by 2030, with a target of shipping between 4 and 5 million tonnes. freight transport by rail between Vietnam and China, and for transit to Europe, Russia, Mongolia and Central Asian countries. investment process for improved capacity of railway infrastructure will be divided into two phases. The first, lasting from 2022 to 2025, will see the mobilisation of about 3.5 trillion VND (141.13 million USD) from the State budget to upgrade seven stations and warehouses, container yards, railways and locomotives. The most urgent issue at this time is to announce the stations with international rail transport operations like what has done for international seaports and airports, stressed the ministry. VNA … [Read more...] about Ministry works to boost rail import-export volume to 5 million tonnes by 2030