The “Meet Ambassadors from the Middle East and Africa 2019” will take place in Hanoi on September 9-10 to further connect and uphold the roles of diplomatic representative office of the Middle-East and African countries in Vietnam. Economic cooperation will be high on the agenda of the event. Over the past years, the relations between Vietnam and the Middle-East and Africa have developed well in all spheres, from politics, diplomacy to economics and people to people exchange. Trade value between them increased from 5 billion USD in 2010 to 18 billion USD in 2017. Overseas investment among them have made remarkable achievements. Rich in natural resources, the Middle East-Africa is a large and potential market. Most of regional countries are developing economies and follow international integration and connection trend. Realising that Asia is the current world economic driving force, many countries, including those in the Middle East and Africa, are implementing the look … [Read more...] about Vietnam boost economic cooperation with Middle East-African nations
Indias act east policy
Defense Minister Ngo Xuan Lich (L) attends the ASEAN Defence Ministers’ Meeting Retreat. (Photo: VNA) Addressing the ASEAN Defense Ministers’ Meeting (ADMM) Retreat in Bangkok, Thailand, on November 17, Minister Lich underlined the East Sea situation. He said “The most visible example is that recent tensions in the East Sea are caused by unilateral acts, which do not respect the legal and legitimate interests of other countries and do not match international norms and laws, especially the 1982 UN Convention of the Law of the Sea. These acts threaten regional peace and stability and draw the attention of many countries outside the region. To make the East Sea truly become a sea area of peace and sustainable development, the prerequisite is that international law must be honored, which requires serious commitments and responsibility of countries in and outside the region.” Defense ministers of the 10 ASEAN member states and eight dialogue partners are … [Read more...] about Vietnamese Defense Minister mentions East Sea in ASEAN meeting
An overview of the panel discussion (Photo: VNA) Economic ties between African and Middle Eastern countries and Southeast Asia in general, Vietnam in particular is still constrained, said Deputy Prime Minister and Foreign Minister Pham Binh Minh at the two-day conference ‘Meet Ambassadors from the Middle East and Africa 2019’ held by the Ministry of Foreign Affairs from September 9 to 10 in Hanoi. Addressing the panel discussions for boosting trade cooperation within the framework of the conference, Foreign Minister Minh said that despite 16 free trade agreements already being inked, Vietnam has had none with any countries within Africa and the Middle East. Potentials leaving untapped Africa and the Middle East together make up a vast area of 36 million sq.km, with a population of 1.8 billion. Many international experts held that Africa could be the growth momentum for the global economy. Vietnam has established diplomatic relations with 69/70 African and Middle … [Read more...] about Diplomats, firms discuss trade among Vietnam, Africa, Middle East
With more than a billion subscribers, India is one of the biggest mobile markets - what went wrong? One of India's biggest telecoms firms, Vodafone India, has posted record second quarter losses of 510bn rupees ($7bn; £5.4bn) further exacerbating fears about the state of the industry. Economist Vivek Kaul explains further. What has caused these losses in such a big market? With more than a billion mobile subscribers, India is one of the world's biggest telecoms markets. But there are two reasons for this bloodbath. The first is that for many years while the prices of telephone calls fell, data prices continued to remain high. However, with the entry of Reliance Jio three years ago, this entirely changed. The company slashed data prices and, in the process, managed to change what was essentially a voice market into a data market. This resulted in India ending up with the cheapest mobile data in the world. But this put massive pressure on the players already in the market. … [Read more...] about How did Vodafone lose $7bn in India in just one quarter?
Prime Minister Nguyen Xuan Phuc and Australian counterpart Scott Morrison expressed their serious concerns over the recent developments, including militarization and hindrance of oil exploitation projects, in the East Sea. Prime Minister Nguyen Xuan Phuc and Australian Prime Minister Scott Morrison shake hands before their talks at the Government Office, Ha Noi, August 23, 2019. Photo: VGP At the talks on Friday, the two leaders emphasized the importance of freedom of navigation and overflights, observation of international law, and maintenance of rule-based order. They called on parties to exercise self-restraint and avoid actions that may further complicate the situation in the East Sea. The pair reaffirmed that all countries need to continue settling disputes through peaceful measures while underlining the importance of dispute resolution mechanisms under the 1982 United Nations Convention on the Law of the Sea (UNCLOS), calling on parties to respect and implement the … [Read more...] about Vietnam, Australia express serious concerns over developments in East Sea