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Projects such as Bunge’s agribusiness are expected to increase in number through stronger US ties. Photo: Le Toan In his first few days in office five years ago, President Donald Trump withdrew from the Trans-Pacific Partnership, which was a pillar of the Barack Obama administration’s pivot towards Asia. The remaining 11 member states have since reframed the agreement as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and President Joe Biden’s commitment to rebuilding relations with allies has sparked speculation about the US returning to the fold. Fitch Solutions under global ratings firm Fitch Group told VIR in a statement that Vietnamese trade would receive a surefire boost should new Biden decide to rejoin the CPTPP. “Biden stated in 2019 that the US should renegotiate parts of the CPTPP and re-assemble a coalition to counterbalance China’s perceived expansionist policies. The Trump administration withdrew from the original deal in 2017 … [Read more...] about Fresh dawn kindles for US-Vietnam relationship

New US President Joseph R. Biden was sworn in with his wife Jill Biden by his side, photo: AFP Last Wednesday many Americans breathed a sigh of relief as Joe Biden was sworn in as the 46th US President without any further incident from those who believe the election was “stolen” from former President Donald Trump. Instead of attending the ceremony as is tradition, Trump and his family took one last trip on Air Force One to Florida, where he will be based until the former reality TV star decides whether to run for president again in 2024 – or perhaps even endorse a family member for the post. Alongside Biden, Kamala Harris was sworn in as vice-president, becoming the first woman in American history – as well as the first woman of African-American and South Asian descent – to take on the role. “Few people in our nation’s history have been more challenged or found a time more difficult than the time we’re in now,” Biden said in his inauguration speech. He vowed to dedicate … [Read more...] about Domestic strife dampens US foreign policy

At 6 a.m. Friday, the 15th day of the first lunar month, Ly A Ton, 62, woke early to prepare offerings, including fresh flowers, fruit, incense, boiled chicken and fried cakes ( jian dui ) in front of his house on Tran Hung Dao Street in District 5. Instead of flocking to a Chinese-built pagoda with his offerings and burning incense to the gods as in previous years, Ton stayed home and set up a table to worship the deities for fear of gathering in crowds amid the new Covid-19 outbreak that began in the country in late January. He then hung red pieces of paper bearing Chinese characters on his walls to pray for peace and good fortune. "This is the most important ritual during Tet Nguyen Tieu ," he said, referring to the Lantern Festival, known as the biggest and most important festival of the year for ethnic Chinese, marking the final day of the traditional Lunar New Year ( Tet ) celebration. It is observed on the 15th day of the first lunar month, the first Full Moon day … [Read more...] about Covid-19 wave forces Chinese Vietnamese to celebrate Lantern Festival in silence

In his interview granted to the press on the occasion of the European Council’s June 25 decision to entrust the European Commission to sign the two deals with Vietnam in Hanoi on June 30, the diplomat said that they are the first new-generation trade and investment deals that the EU has reached with a middle-income country. The deals, once signed and ratified, will bring about huge benefits to both sides, as their economic products do not compete, but complement each other. With 99 percent of tariff lines to be removed, the EVFTA will create favorable conditions for Vietnam’s goods to access the 512-million-consumer EU market. Two-way trade hit USD 55 billion in 2018 and will surely surge in the time ahead, Quang said, adding that European enterprises will also intensify investment in Vietnam, especially in the fields the EU has strength such as high technology, clean energy, finance-banking, transportation and logistics, thus helping Vietnam in economic restructuring and growth … [Read more...] about EU-Vietnam trade, investment deals – important to both sides: diplomat

Established in 1831, Generali is present in 50 countries around the world with total premium income of more than €69.7 billion ($85.2 billion) in 2019 To mark this occasion and leave a tangible and lasting recognition of the bond between the company and the regions where it was born and has prospered, Generali announces Fenice 190, a €3.5 billion ($4.2 billion) investment plan to support the recovery of the European economies impacted by COVID-19, starting in Italy, France, and Germany and to then targeting all European countries in which Generali operates throughout the five years of the plan. Fenice 190 will make the extraordinary initiatives launched in 2020 to tackle the effects of the pandemic permanent, which included investments in support of small- and medium-sized enterprises (SMEs) and the real economy already surpassing the established objective of €1 billion ($1.2 billion). The more than 70,000 employees of Generali will play a leading role in celebrating the … [Read more...] about Generali launches Fenice 190 to support sustainable recovery from COVID-19