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The ASEM’s High-level Policy Dialogue was held to commemorate the 25th anniversary of the Asia-Europe forum following Vietnam’s initiative. Vietnam believes that playing a pioneering role would enable the Asia-Europe Meeting (ASEM) to promote sustainable and inclusive development. Representatives of ASEM partner countries and international organizations in Hanoi on June 22. Photos: Tuan Anh/Baoquocte The idea is one of the key points that Vietnam’s Foreign Minister Bui Thanh Son delivered at the ASEM High-level Policy Dialogue held both in-person and virtually in Hanoi on June 22. Son said the ASEM should aim at ensuring a peaceful and stable international environment on the basis of dialogue and trust and creating a solid foundation for sustainable, long-term, and mutual economic relations between Europe and Asia. Chairing the meeting, Son emphasized that member countries need to show stronger determination, act more decisively, and choose the right … [Read more...] about ASEM should take pioneering role in inclusive development: Vietnam FM

Vietnam records 1.35 billion USD trade deficit in first half of June Vietnam reported a trade deficit of 1.35 billion USD in the first half of June as exports reached only 12.3 billion USD – down nearly 2 billion USD compared to the latter half of May, the General Department of Customs has announced. Among items posting the strongest turnover decline included computers, electronics and parts with 1.06 billion USD, down 800 million USD; machinery and equipment with 1.1 billion USD, down 260 million USD; and telephones and components with 1.96 billion USD, down 50 million USD. Since the beginning of this year to mid-June, the nation’s trade value surpassed 288.6 billion USD. Of the sum, over 143.3 billion USD came from exports, up 30 percent year-on-year while the remainder of 145.3 billion USD was from imports, up 36 percent. That resulted in a trade deficit of 1.96 billion USD, the department said. According to trade experts, the above-mentioned trade deficit was … [Read more...] about VIETNAM BUSINESS NEWS JUNE 23