Prime Minister Nguyen Xuan Phuc and Prime Minister Mohathir Mohamad have an open and candid detailed discussion conducted in the spirit of mutual understanding. Photo: VGP >>> VN, Malaysia pledge to coordinate closely in ensuring maritime security, freedom 1. At the invitation of H.E. Nguyen Xuan Phuc, Prime Minister of the Socialist Republic of Viet Nam, H.E. Tun Dr. Mahathir Mohamad, Prime Minister of Malaysia paid an official visit to Viet Nam from 26 to 28 August 2019. The Prime Minister of Malaysia was accompanied by a high level official delegation, which included the Minister of Foreign Affairs, senior officials from the Prime Minister’s Office, the Ministry of Foreign Affairs and the Ministry of International Trade and Industry. 2. The official welcoming ceremony for Prime Minister Mahathir Mohamad was held at the Presidential Palace on 27 August 2019. During the visit, Prime Minister Mahathir Mohamad held bilateral talks with … [Read more...] about VN, Malaysia issue Joint Statement expressing serious concerns over developments in East Sea
Nazir political uncertainty top worry malaysias foreign investors
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
RoK airline to launch route to Nha Trang in December An aircraft of Air Seoul (Photo: Yonhap news agency) Air Seoul is wholly owned by the Republic of Korea (RoK)’s Asiana Airlines Inc. Starting December 18, Air Seoul plans to offer seven flights a week to Nha Trang as it strives to strengthen services on routes to Southeast Asia to offset declining demand on Japanese routes, the company said in a statement. Since early July, RoK airlines have halted or reduced services on their Japanese routes, while expanding flights on non-Japanese ones after the neighbouring country implemented export restrictions of key materials to the RoK./. Banks forecast strong performance despite credit slowdown Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week. In the … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 15
Since the enactment of the Law on Foreign Investment in December 1987, one of the first achievements of ‘Doi Moi’, Vietnam has attracted FDI to its economy for over 30 years. Hence, FDI is becoming an important economic sector of Vietnam. A long road To date, more than $182 billion in FDI has been invested in almost all industries and sectors of the economy, significantly contributing to the development and restructuring of the economy. The FDI sector accounts for about 25% of total investment nationwide, and generates over 70% of total export turnover of the country. However, many experts believe that FDI is dominating too many fields and occupations, taking opportunity away from home-grown businesses, and above all, making the economy dependent on foreign investment. To adequately analyse the effect of FDI, Dr. Nguyen Dinh Cung, Director of the Central Institute for Economic Management, explains that one cannot only focus on FDI enterprises alone, but must make a … [Read more...] about Will FDI adversely affect Vietnamese businesses?
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