Vietnam’s high-ranking military delegation visits EU Vietnamese Minister of National Defence General Ngo Xuan Lich Vietnamese Minister of National Defence General Ngo Xuan Lich is leading a high-ranking military delegation to visit the European Union (EU) from October 14-19. The visit is made at the invitation of Vice President of the European Commission and High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini. The two sides will ink a Framework Participation Agreement (FPA) to establish Vietnam’s engagement in the EU’s crisis management activities. The Vietnamese delegation’s visit and the signing of the FPA aim to boost defence relations with the EU, which is in line with the spirit of the EU-Vietnam Partnership and Cooperation Agreement. The move also shows Vietnam’s responsibility in promoting joint efforts to bring peace to the region and the world./. Vietnam attends int’l law development … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 16
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Yellow card pushes seafood industry developing sustainably Vietnam’s seafood exports have been seriously affected since the European Commission issued an official warning against illegal, unreported and unregulated (IUU) exploitation of Vietnamese seafood. The European Commission’s yellow card has seriously affected Vietnamese seafood firms, resulting in a downturn in export value to the EU and a shortage of input material. Given these acute challenges, this company has still raked in six million USD, recorded 12 percent export growth in the first eight months of 2019. This success looks like a timely change in tactics. The EU is no longer Vietnam’s second biggest seafood importer. With import value of 251 million USD, it now stands in fifth position. According to the Vietnam Association of Seafood Exporters and Producers, seafood exports to the EU have fallen, but have witnessed growth in other markets. Seeing the challenge as an opportunity to restructure, the … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 17
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
Those who ignore or collude with each other to shatter urban development planning not only make the lives of urban people increasingly confined and suffocated, but also jam development space for the future. Hanoi and HCM City residents feel this most clearly. In the morning, when leaving home to go to the office and school, and in the afternoon, when returning home, they have to struggle on the road with the flow of people and exhaust from cars and motorbikes. In the summer sun, people are subjected to the scorching heat because of the asphalt effect, concrete houses, and the heat from air conditioners and engines. When it rains, people have to struggle because the roads turn into rivers and streams. Most of the elderly do not have places for relaxation, while children have no place to play. When people feel tired, they need cool spaces to walk and rest in, but it is just a far-away dream. The problem is difficult to settle, so people as well as the next generations will suffer. What … [Read more...] about Who spoils Hanoi’s planning?
Companies issue $7.7b worth of bonds in nine months The nine-month value is equal to nearly 80 per cent of the total bond issuance value in 2018. The figure is also lower than the total registered value of nearly VND276.9 trillion (nearly $12 billion), which means nearly VND98 trillion bonds were unsold. In September, 28 companies made 60 issuances with total capital raised of VND19.4 trillion (excluding international bond issues). Most bonds were three-year term with total value of VND13.5 trillion. Interest rates of bonds issued in September ranged between 6 per cent and 11 per cent per annum. Banks were the main player in the bond market with total issuance value of VND14.1 trillion in September, accounting for 72.78 per cent of total market value. Real estate companies followed with VND965 billion (4.97 per cent) and securities firm with VND413 billion (2.13 per cent). Bonds issued by banks also had the lowest interest rate, averaging only 6.71 per cent per year. Some companies … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 18