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Vietnam’s strong economic growth would continue this year, driven by increasing FDI and robust domestic demand.-VNS Photo Le Vy Meanwhile, Vietnam has emerged as a prime manufacturing location in Asia. Vietnam’s economy expanded 7.1 per cent last year, the fastest growth in the past decade. All major sectors recorded notable growth, buoyed by manufacturing, construction, wholesale and retail, and tourism. Vietnam’s strong economic growth would continue this year, driven by increasing FDI and robust domestic demand, said Suan Teck Kin, executive director of global economic and markets research of the United Overseas Bank (UOB), at the conference. In the first half of this year, the economy grew 6.8 per cent year-on-year, driven by agriculture, forestry and fishery, industry and construction, and services. Exports and industrial production remained significant growth drivers. Due to solid growth in the export of technological products and various free trade … [Read more...] about Vietnam, Asia’s new manufacturing hub

Vietnamese honoured at ESCI Best Practices Awards Programme Deputy Minister of Public Security, Assoc. Prof. Nguyen Van Thanh at the award ceremony in Chile Deputy Minister of Public Security, Assoc. Prof. Nguyen Van Thanh has won the silver prize of Best Practices Awards Programme of the Energy Smart Communities Initiative (ESCI) under the Asia-Pacific Economic Cooperation (APEC) forum. With a project on turning Vietnam’s Hai Phong into a green port city, Thanh, who is former Secretary of the city’s Party Committee, brought home the silver prize in the category of Low Carbon Model Towns. Addressing the award ceremony in Chile’s Antofagasta on October 14, Thanh said his project aims to build Hai Phong as an ecosystem, with scientific applications in planning, management and development. Activities that target the reduction of greenhouse gas emissions, environmental protection and climate change adaptation will serve as a driving force for green growth and … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 18

Yellow card pushes seafood industry developing sustainably Vietnam’s seafood exports have been seriously affected since the European Commission issued an official warning against illegal, unreported and unregulated (IUU) exploitation of Vietnamese seafood. The European Commission’s yellow card has seriously affected Vietnamese seafood firms, resulting in a downturn in export value to the EU and a shortage of input material. Given these acute challenges, this company has still raked in six million USD, recorded 12 percent export growth in the first eight months of 2019. This success looks like a timely change in tactics. The EU is no longer Vietnam’s second biggest seafood importer. With import value of 251 million USD, it now stands in fifth position. According to the Vietnam Association of Seafood Exporters and Producers, seafood exports to the EU have fallen, but have witnessed growth in other markets. Seeing the challenge as an opportunity to restructure, the … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 17

Remarks by General Ngo Xuan Lich, Minister of National Defense at the 18th Shangri-La Dialogue June 2, 2019 Mr. Chairman, Dr. John Chipman, Ladies and gentlemen, First of all, I would like to express my sincere thanks to the International Institute for Strategic Studies (IISS), the Government and the Ministry of Defense of Singapore for your kind invitation for me to attend and share my thoughts with you at this year’s Shangri-La Dialogue. Over 17 consecutive years, Shangri-La Dialogue has been able to validate its role, proving  its significance and gravity in the region and the wider world as a tier-1 forum for dialogue on regional and global security, providing a platform for participants to share viewpoints and to find ways toward regional peace, stability and prosperity. I appreciate that the IISS has selected the theme for this plenary session as “Preventing conflict in contested domains”, representing both an urgent call and a fundamental requirement to … [Read more...] about Full remarks by Gen. Ngo Xuan Lich, Minister of National Defense at 18th Shangri-La Dialogue

Ladies and gentlemen, At the outset, allow me to extend my warmest congratulations to His Majesty Emperor Naruhito, and express my belief that the Japanese people shall achieve even greater heights in national development during the new Reiwa period. May your country remain ever beautiful as your blooming spring under the shade of the cherry blossom. It is my great pleasure to address the 25th Future of Asia conference – a leading regional forum for policy dialogue – to discuss emerging trends, opportunities and challenges that our world is facing today, and share with you Viet Nam's efforts to contribute to the common cause of peace and prosperity. Allow me to make my contribution to our theme of “Seeking a new global order – overcoming the chaos”, as follows:  1. A new phase with its various uncertainties and challenges We are entering a phase of considerable political, social and economic uncertainty. The world is undergoing the most rapid and … [Read more...] about Deputy PM, FM Minh’s full remarks at 25th Int’l Conference on Future of Asia