U.S. to give green light to direct flights from VietnamThe Saigon Times Daily Passengers disembark from a Vietnam Airlines aircraft. The air carrier expects to be able to operate direct flights to the United States soon - PHOTO: LE ANH HCMC – The United States’ Federal Aviation Administration (FAA) is expected to soon grant a Category 1 rating to Vietnam, paving the way for local airlines to open direct air routes to the United States, Thanh Nien Online newspaper reported, citing Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam (CAAV). To get the Category 1 rating, CAAV must meet the safety standards of the International Civil Aviation Organization and the FAA. CAAV Deputy Head Vo Huy Cuong noted that the FAA has conducted many technical safety assessments in Vietnam, with the last one being held in July last year, and has recognized the safety of Vietnam's aviation sector. Thus, the rating is not only helpful to local airlines seeking to operate … [Read more...] about U.S. to give green light to direct flights from Vietnam
U s markets open
The move aims to affirm the bank’s prestige and position in the international community, while paving the way for the bank to gain a place among the world’s top 300 banking and financial groups. Vietcombank’s representative office in New York will perform the functions of connecting with existing and potential customers in the U.S. market; carrying out analysis reports on the market and finance-banking sector; supporting the maintenance of relations with U.S. financial institutions; and attending business conferences and seminars to establish relationships. The event marks a significant strategic step for Vietcombank, and it will be the first time a Vietnamese commercial bank has ever been licensed to set up a representative office in the US, one of the world’s leading countries regarding its transparent and complete legal framework, and close management and supervision mechanism. The event highlights the position, brand and influence of the Vietnamese … [Read more...] about Vietcombank receives permit to open representative office in the U.S.
Japan says U.S. has not raised FX manipulation in trade talksThe Saigon Times Daily Taro Aso, Japan's Deputy Prime Minister, speaks at the official opening of Japan House in London, Britain, September 13, 2018 – PHOTO: REUTERS TOKYO (REUTERS) - The U.S. government had not spoken to Japan about including provisions in free trade agreements to deter currency manipulation, Japanese Finance Minister Taro Aso said on Tuesday, although the two sides are likely to enter talks sometime next year. Aso’s comments come after U.S. Treasury Secretary Steven Mnuchin said on Saturday that Washington wants to include such provisions in future trade deals, including the one it will negotiate with Japan. The new provisions would be based on the currency chapter in Washington’s new deal to revamp its trade pact with Canada and Mexico, which urges members to refrain from competitive devaluation. Mnuchin’s remarks have raised concerns that the Japanese government’s … [Read more...] about Japan says U.S. has not raised FX manipulation in trade talks
China tempts Britain with free trade, says door to U.S. talks openThe Saigon Times Daily Britain's Foreign Secretary Jeremy Hunt (L) shakes hands with China's Foreign Minister Wang Yi after a joint news conference at the Diaoyutai State Guesthouse in Beijing, China July 30, 2018 – PHOTO: REUTERS BEIJING (REUTERS) - China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington, even as a senior Chinese diplomat reiterated its door remained open for dialogue. China has been looking for allies in its fight with the United States, initiated by the Trump administration, which says China's high-tech industries have stolen intellectual property from American firms and demanded Beijing act to buy more U.S. products to reduce a US$350 billion trade surplus. Britain has pushed a strong message to Chinese companies that it is fully open for business as it prepares to leave … [Read more...] about China tempts Britain with free trade, says door to U.S. talks open
China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had touted earlier. Beijing and Washington agreed they would keep talking about measures under which China would import more energy and agricultural commodities from the United States to close the $335 billion annual U.S. goods and services trade deficit with China. A joint statement issued at the conclusion of intensive trade talks in Washington did not indicate whether the two countries would delay or drop their tariff threats on billions of dollars worth of each country’s goods, which has sparked fears of a wider trade war and roiled financial markets. “There was a consensus on taking effective measures to substantially reduce the United States’ trade deficit in goods with China,” the joint statement said. “To meet the growing consumption needs of the Chinese people and the … [Read more...] about China agrees to import more from U.S., no sign of $200 billion figure