International integration

Prime Minister Pham Minh Chinh (R) receives Russian Minister of Foreign Affairs Sergey Lavrov. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh received Russian Minister of Foreign Affairs Sergey Lavrov in Hanoi on July 6, during which the PM affirmed that Vietnam has attached great importance to its comprehensive strategic partnership with Russia and wanted to deepen and make the bilateral cooperative ties more effective in all spheres. Highly valuating the positive results in bilateral cooperation over the past years, PM Chinh thanked the Russian side for its valuable support and assistance to Vietnam in the past and during the current process of national construction and development, most recently in the fight against the COVID-19 pandemic. Lavrov said that Russia always considers Vietnam an important partner in the region and wants to further foster cooperation with the Southeast Asian country. Both sides agreed to further promote high-level agreements … [Read more...] about Vietnam treasures and wants to deepen ties with Russia: PM

Vietnam and Russia affirmed the role of each country in the other’s diplomacy and in the global forums. Russian Foreign Minister Sergei Lavrov told Vietnamese top leaders that Vietnam is one of Russia’s important and trustworthy traditional partners in Asia-Pacific. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Russian Foreign Minister Sergei Lavrov in Hanoi on July 6. Photos: VNA, Baoquocte Lavrov stressed the view at meetings with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, Prime Minister Pham Minh Chinh, and Foreign Minister Bui Thanh Son in Hanoi on July 6. “Naturally, our friendship and our solidarity are based on deep historical roots,” Lavrov said at the meeting with Prime Minister Pham Minh Chinh, Russia News Agency reported. The Russian FM expressed his hope that the two countries will continue making efforts for effective results of the Comprehensive Strategic Partnership which entered its … [Read more...] about Vietnam listed among Russia’s most trustworthy partners in Asia-Pacific: Sergey Lavrov

MTA Vietnam 2022 occupies 8,000sq.m with 250 exhibiting companies, in which, over 60 percent from 12 countries/regions such as Germany, the US, the UK, Japan, the Republic of Korea, Switzerland, China, and Singapore. Germany occupies the biggest pavilion with 12 companies. Korea contributes the highest participants with 34 companies to showcase products. MTA Vietnam 2022 includes the leading international enterprises in the four main categories: metal forming/sheet metal cutting machines; metal-cutting machines; measurement & testing technology; cutting tools & tooling systems. This year, MTA Vietnam has opened from July 6-9. Plastics & Rubber Vietnam 2022 has opened from July 6-8 at SECC, HCMC. The exhibition welcomes over 100 well-established companies. Participating in the exhibition’s activities is the great opportunity to reinforce the international economic integration for plastic & rubber enterprises since 85% of exhibitors are the international … [Read more...] about MTA Vietnam 2022 exhibition opens in HCMC

Patrick Lenain - Former assistant director Organisation for Economic Co-operation and Development Schools and universities will need to adopt new technologies. Public transportation networks will need to be upgraded. Large-scale logistical hubs will be required to remain integrated in global supply chains. Old-age citizens will need welfare support. Electricity generation will need to decarbonise. Coastal cities will need to adapt to rising sea levels. Military spending will need to protect the country. And it is obvious that health spending remains a priority. Unfortunately, tax revenue is at present too limited to finance these large investments. Vietnam’s government collected tax revenue equivalent to 16 per cent of GDP last year, according to the International Monetary Fund. This is less than Malaysia (18.3 per cent), Singapore (18.5 per cent), India (19.7 per cent), Thailand (20.3 per cent), and China (27 per cent). This is also less than before the pandemic, reflecting … [Read more...] about Tax for development: Does Vietnam need tax reform?