Vietnam ready to act as bride to connect EAEU, ASEAN: official

6/10/2019 - 5:13:05 PM

Vietnam, as an active ASEAN member and the first nation to sign a free trade agreement with the Eurasian Economic Union (EAEU), is willing to work as a bridge to help the EAEU and Russia to expand trade and investment ties with the ASEAN, a Vietnamese trade official said.

Deputy Minister of Industry and Trade Hoang Quoc Vuong made the statement at the EAEU-ASEAN Business Dialogue which was held on June 8 as part of the Saint Petersburg International Economic Forum (SPIEF) running from June 6 to 8.

In his speech, Vuong briefed participants on the history and development of the Association of Southeast Asian Nations (ASEAN) Community, Vietnam’s role in the bloc, and relations between Vietnam and the EAEU as well as between the ASEAN and EAEU.

He said the EAEU-Vietnam FTA has enabled Vietnam and the ASEAN nations to approach the EAEU market, which groups five countries with a combined GDP of US$2.2 trillion.

Since the pact took effect in 2016, trade between Vietnam and the EAEU grew 103% to hit nearly US$6.1 billion in 2018.

Sharing a traditional relationship, Vietnam and Russia have been trustworthy partners that have supported each other in boosting international economic integration and improving positions in multilateral and regional forums, Vuong said.

At the dialogue, delegates praised Vietnam’s improved role and position in the region, particularly its pioneer role in strengthening relations between the ASEAN and EAEU. They hoped to learn from Vietnam’s experience in the matter.

Discussions at the dialogue focused on advantages and opportunities of the EAEU in attracting investment from the ASEAN member nations, prospects and potential for cooperation between the two sides, as well as challenges facing their business and trade ties.

Existential danger from COVID-19 pandemic

The danger from the COVID-19 pandemic is still latent, threatening people’s health and lives in the context that the immunity provided from the COVID-19 vaccine has decreased. Many other dangerous diseases are also likely to break out when the global vaccination rate slows down, due to inequality in access to health services, vaccine hesitancy, and consequences of economic recession.

Vietnam among ASEAN countries recording EV sales surge

The Association of Southeast Asian Nations (ASEAN) is witnessing a rise in the sales of electric vehicles (EVs) in Vietnam, Malaysia and Indonesia, according to Maybank Investment Bank Research (Maybank IB Research).

International friends bid farewell to Party General Secretary Nguyen Phu Trong

The respect paying ceremony for Party General Secretary Nguyen Phu Trong continued on the morning of July 26 at the National Funeral Hall in Hanoi, with high-level delegations from foreign countries and international organisations paying their last respects and expressing deep condolences.

Global outpouring of grief for Vietnamese Party chief

A wave of condolences have poured in from world leaders, international organisations, rulling parties, Communist parties and partner parties following the death of Vietnamese Party General Secretary Nguyen Phu Trong.

Party General Secretary Nguyen Phu Trong, a revered leader in Vietnam and world: Australian Senate President

President of the Australian Senate Sue Lines has expressed her deepest sympathy over the passing of General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and affirmed that he is a revered leader both in Vietnam and across the world.

Vietnam hopes UN, ASEAN coordinate closely, effectively over Myanmar issue: Ambassador

Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the United Nations (UN), on June 5 had a meeting with UN Secretary-General’s Special Envoy on Myanmar Julie Bishop during her working visit to New York.