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Deputy Prime Minister Truong Hoa Binh meets with Finnish Minister deputizing for the Prime Minister and Minister of Finance Mika Lintilä as part of his ongoing visit to Finland. Binh made the request at his talks with Minister deputizing for the Prime Minister and Minister of Finance of Finland Mika Lintilä on Friday. Both sides noted that the Viet Nam-Finland relationship has advanced positively across fields and agreed to continue fostering delegation exchanges and contacts at all levels and maintaining effective operation of the bilateral mechanisms. The sides also agreed to accelerate coordination at regional and international forums and cooperation in addressing global issues. Regarding recent developments in the East Sea, the two sides underlined the importance of ensuring peace, stability, safety, security and freedom of navigation and aviation in the East Sea and of peacefully settling disputes on the basis of international law, including the 1982 UN … [Read more...] about VN welcomes Finland’s investment in renewable energy, innovation

Prime Minister Nguyen Xuan Phuc. Photo: VGP Public investment accounts for 10.7% of GDP and 32% of total investment capital in 2019, according to Prime Minister Phuc. Slow disbursement could hinder economic growth, undermine trust of investors and  donors, cause huge wastefulness, and increase investment costs, the Government chief frankly pointed out. Disbursement varies from ministry to ministry and locality to locality, in which many ministries and localities have extremely low rate, from 10%-15% in the first nine months, he said. Only seven ministries, agencies and 14 localities disbursed above 70% of capital, Phuc added. According to the Ministry of Planning and Investment, obstacles leading to low disbursement rates include current regulations on public investment. Many ministries, agencies and localities are still confused in application of new provisions of the Laws on land, construction, bidding, and environmental protection. Meanwhile, it takes a long time for site … [Read more...] about Gov’t seeks ways boost disbursement of public investment

1. The Prime Ministers of Viet Nam and Australia, on the occasion of Prime Minister Morrison's first official visit to Viet Nam from 22 to 24 August 2019, reiterated their mutual commitment to a strong and ambitious bilateral relationship during their talks. 2. The Prime Ministers emphasised that Viet Nam and Australia are strategic partners, with a shared neighbourhood and common outlook. They recognised each other’s increasing importance, both bilaterally and as partners in the Indo-Pacific as well as in the international community. 3. The Prime Ministers acknowledged that the partnership is founded on a basis of mutual respect, mutual trust, converging interests and deepening links. They agreed to increase the depth and breadth of engagement between the two countries in advance of the 50th anniversary of diplomatic relations in 2023. To this end, they agreed that Viet Nam and Australia’s Plan of Action for the Strategic Partnership for the period of 2020-2023 will … [Read more...] about VN-Australia Joint Statement on occasion of PM Morrison’s visit

Prime Minister Nguyen Xuan Phuc visits a booth showcasing made-in-Viet Nam mechanical products on the sidelines of the conference on solutions for promoting the development of the mechanical industry in Ha Noi on September 24, 2019. Photo: VGP The Government chief made the statement while addressing a conference on solutions for promoting the development of the sector in Ha Noi on Tuesday. Though mechanical industry is the “backbone” of the economy, it is lagging far behind the world, requiring great efforts from the Government and businesses to keep up with fast-changing technological revolution. It is estimated that total demand for mechanical products for 2019-2030 would reach US$310 billion but the sector may only meet some 32%, which means heavy dependence on foreign countries. Statistics show that Viet Nam has to spent billions of dollar on importing equipment, machinery and material for production annually. Against that backdrop, Phuc stressed the Government will … [Read more...] about Development of mechanical industry requires more incentives

1. We, the Foreign Ministers of the Association of Southeast Asian Nations (ASEAN), met on 31 July 2019 at the 52nd ASEAN Foreign Ministers’ Meeting (AMM) in Bangkok. We underlined the need to further strengthen cooperation and advance our partnership to ensure sustainability in all dimensions for ASEAN amidst the rapid changes in Southeast Asia and beyond.   ASEAN COMMUNITY-BUILDING 2. We reaffirmed our commitment to the full and effective implementation of the ASEAN Community Vision 2025 and the ASEAN Leaders’ Vision Statement on Partnership for Sustainability. We reaffirmed the importance of maintaining ASEAN centrality and unity in our community-building efforts, engagement with external partners and regional architecture. We commended the ongoing work of all ASEAN Sectoral Bodies and Organs for progress in the implementation of the ASEAN Political-Security Community (APSC), ASEAN Economic Community (AEC), and ASEAN Socio-Cultural Community (ASCC) … [Read more...] about Joint Communique of 52nd ASEAN Foreign Ministers’ Meeting