The Ministry of Finance has proposed the State-run Vietnam Oil and Gas Group (PVN) focus on expediting the divestment of domestic enterprises operating in sensitive business fields such as real estate, investment funds, securities and insurance, VietnamPlus news site reported. A view of Bach Ho oil field, which is jointly operated by Vietsovpetro and PVN. The Ministry of Finance urges PVN to speed up divestment from sensitive fields According to the ministry, PVN will face difficulties in completing the large divestments in line with the 2017-2020 divestment plans while ensuring the best interests of the State. The ministry noted that the prime minister had issued Document 1182 approving the list of firms under corporations for equitization and divestment in the 2017-2020 period. As such, the ministry proposed PVN enhance its focus on divestment from enterprises in sensitive fields, such as PetroVietnam Finance Investment JSC and Green Indochina Development JSC. In addition, the … [Read more...] about VN Oil and Gas Group urged to speed up divestment from sensitive business areas
Sensitive areas
Vietnam China discuss less sensitive areas of maritime cooperation
The Vietnamese side was led by Nguyen Manh Dong, Head of the Sea Department of the National Border Committee of the Ministry of Foreign Affairs, while the Chinese side was headed by Senior Advisor for Border Affairs of the Chinese Ministry of Foreign Affairs Ma Yaou. At the tenth round of negotiations of the Vietnam-China working group. (Photo for illustration: VNA) In a straightforward and friendly manner, the two sides reviewed the implementation of the cooperation projects signed in the 11th negotiation round and discussed new cooperation projects. They spoke highly of the successful implementation of a project studying and comparing Holocene sediments in the Red River Delta and the Yangtze River Delta, as well as the positive results of projects on cooperation in releasing fry and protecting aquatic resources in the Gulf of Tonkin, and in studying the management of the sea and island environment in the Gulf of Tonkin. They continued to discuss measures to … [Read more...] about Vietnam China discuss less sensitive areas of maritime cooperation
Vietnam, China discuss less sensitive areas of cooperation at sea
Hanoi (VNA) – The 12th round of negotiations of the Vietnam-China working group on partnership in less sensitive maritime fields took place in Zhuhai of Guangdong, China on December 5-6. In a straightforward and friendly manner, the two sides reviewed the implementation of projects signed during the 11th negotiation round and discussed new collaboration projects. They spoke highly of the successful implementation of a project that studied and compared Holocene sediments in the Red River Delta and the Yangtze River Delta, as well as the positive results of projects on cooperation in releasing fry and protecting aquatic resources in the Gulf of Tonkin, and in studying the management of the sea and island environment in the Gulf of Tonkin. They continued to discuss measures to accelerate the signing of an agreement on search and rescue cooperation in the waters of Vietnam and China; realise collaboration contents related to marine search and rescue; as well as those … [Read more...] about Vietnam, China discuss less sensitive areas of cooperation at sea
Singapore designates special area for US-DPRK summit
Security personnel patrol outside Shangri-la Hotel during the IISS Shangri-la Dialogue in Singapore June 1, 2018. (Source: REUTERS/Edgar Su) Singapore (VNA) – The Singaporean government announced on June 4 that it has designated a central region of the city state as a "special event area" from June 10-14 for a planned summit between US President Donald Trump and the Democratic People’s Republic of Korea (DPRK)’s leader Kim Jong Un. The area comprises the districts of Tanglin, Newton and Orchard, where the Ministry of Foreign Affairs, the US Embassy, and several large hotels are located, including the Shangri-La hotel, which was mentioned as a possible venue for the summit. To date, there has been no confirmation of the venue for the summit to discuss ending the DPRK’s nuclear weapons programme in return for diplomatic and economic incentives, although several Singaporean hotels have figured as candidates. The Singaporean Ministry of Foreign Affairs confirmed … [Read more...] about Singapore designates special area for US-DPRK summit
Washington, Beijing flexing muscles in trade dispute
Washington announced steep steel and aluminium tariffs in March 2018 on countries, including China. (AFP Photo) The temperature is rising between the United States and China but the simmering confrontation has not yet boiled over into a trade war, since the tit-for-tat countermeasures so far have been confined to a few specific products. Beijing on Monday (Apr 2) imposed tariffs on 128 American goods, retaliating for President Donald Trump's decision last month to slap import duties of 25 per cent on steel and 10 per cent on aluminium. Washington was primarily targeting China which has long been accused of flooding the global market with the metals, but the tariffs hit US allies as well, prompting Trump to exempt several countries, including major producers Mexico and Canada. Trump has repeatedly accused China of unfair trade practices he says harm US businesses and swell the bilateral trade deficit. But the country accounts for less than three percent of US steel imports. Beijing … [Read more...] about Washington, Beijing flexing muscles in trade dispute