The fourth meeting of the Vietnam-Morocco Joint Committee in Hanoi (Photo: VNA) Hanoi (VNA) – Vietnam and Morocco held the fourth meeting of their Joint Committee and the fifth political consultation between the two foreign ministries in Hanoi on April 23 and 24, during which the Vietnamese side reiterated that it always treasures the comprehensive cooperation with Morocco. The events were co-chaired by Vietnamese Deputy Foreign Minister Vu Hong Nam and Moroccan Secretary of State to the Ministry of Foreign Affairs and International Cooperation Mounia Boucetta. At the fourth meeting of the Vietnam-Morocco Joint Committee, Mounia Boucetta highly valued the development achievements of Vietnam. Meanwhile, Deputy Minister Nam expressed his delight at the sound development of the countries’ relations, adding that the visit to Vietnam by President of the Moroccan House of Representatives Habib El Malki in December 2017 and the trip to the North African nation by Vice … [Read more...] about Vietnam always treasures all-round ties with Morocco
By Khanh Lynh  April 20, 2018 | 08:57 am GMT+7 Cargo is unloaded onto the shore of Mischief Reef in this image taken by the Center for Strategic and International Studies' Asia Maritime Transparency Initiative on March 16, 2015 and released to Reuters. Chinese military aircrafts were allegedly spotted on a Spratly reef claimed by Vietnam in January. Vietnam's foreign ministry on Thursday dismissed any activities in the East Sea without Hanoi's consent as illegal, regarding recent reports of new Chinese military aircraft in the region. Activities conducted in the Spratly and Paracel Islands without Vietnam's authorization are "completely invalid and illegal," the ministry's spokesperson Le Thi Thu Hang told reporters, as questioned over reports on Wednesday that China has sent two military aircraft on the Spratly's Mischief Reef, which is claimed by Vietnam. Hang said Vietnam has sovereignty over both archipelagos as defined in accordance with the 1982 … [Read more...] about Vietnam calls for peace efforts after Chinese military aircraft reported in troubled waters
By Nguyen Ha  April 13, 2018 | 04:10 pm GMT+7 A Vietnam Airlines' Airbus A350 during landing at Noi Bai International Airport. Photo by Vietnam Airlines New routes will avoid the war-torn area as world powers make their moves. The worst crisis to have broken out between the U.S. and Russia since the Cold War has forced Vietnam's flagship airline to look for alternate routes. Flights between Vietnam and Europe will be diverted from over the Black Sea due to possible military action in the Middle East, Vietnam Airlines announced on Thursday. Vietnam Airlines currently operates flights over the Black Sea and the Mediterranean Sea, approximately 600-700 kilometers from Syria. New routes will increase flight times by 15 minutes, and double the distance between the war-torn country. The European Aviation Safety Agency on Wednesday issued an alert of potential air and missile strikes into Syria in the next 72 hours, but did not name where the attacks … [Read more...] about Syria crisis forces Vietnam’s flagship airline to make about turn
Fiscal consolidation, together with low inflation rates in 2018, are chief drivers for Viet Nam’s continuously stabilising macro economy in the context of rising global trade protectionism and turmoil, said the Asian Development Bank (ADB). Fiscal consolidation, together with low inflation rates in 2018, are chief drivers for Viet Nam’s continuously stabilising macro economy in the context of rising global trade protectionism and turmoil, said the Asian Development Bank (ADB). - Photo dantri.com.vn According to the ADB’s 2018 Asian Development Outlook (ADO) released on Wednesday, Viet Nam will continue to achieve a strong GDP growth of 7.1 per cent this year, before falling to 6.8 per cent in 2019. "Aided by effective macroeconomic management, economic growth will spurt in 2018, with Viet Nam becoming one of the strongest performers in the region," said Eric Sidgwick, ADB Country Director for Viet Nam. "Viet Nam‘s robust economic growth will be driven … [Read more...] about Vietnam’s economy stablises in 2018
Washington and Beijing are going toe-to-toe in a trade spat, and Vietnam is set to become embroiled in the conflict, for better or for worse. The row is likely to deal a blow to export-reliant Vietnam, as its overseas shipments form part of China’s value chain. “If the U.S imposes high tariffs on China’s broader cross-border supply chain, Vietnam, which exports goods that serve as inputs for China’s exports, will be badly hit,” said economist Le Dang Doanh. It’s unclear whether Washington will tax Chinese firms alone or their wider supply networks. About 2.2 percent of Vietnam’ shipments abroad are part of China’s value chain, Bloomberg quoted date from RHB Bank Bhd as saying. Sharing the same opinion, Steven Schwartz, senior director of sovereign ratings for Asia at Fitch Ratings, said South Korea, Taiwan, Vietnam and Malaysia, all of which export goods – such as machine parts and components for communications equipment … [Read more...] about What does Vietnam have to lose or gain from US-China trade war?