1. We, the Foreign Ministers of the Association of Southeast Asian Nations (ASEAN), met on 31 July 2019 at the 52nd ASEAN Foreign Ministers’ Meeting (AMM) in Bangkok. We underlined the need to further strengthen cooperation and advance our partnership to ensure sustainability in all dimensions for ASEAN amidst the rapid changes in Southeast Asia and beyond. ASEAN COMMUNITY-BUILDING 2. We reaffirmed our commitment to the full and effective implementation of the ASEAN Community Vision 2025 and the ASEAN Leaders’ Vision Statement on Partnership for Sustainability. We reaffirmed the importance of maintaining ASEAN centrality and unity in our community-building efforts, engagement with external partners and regional architecture. We commended the ongoing work of all ASEAN Sectoral Bodies and Organs for progress in the implementation of the ASEAN Political-Security Community (APSC), ASEAN Economic Community (AEC), and ASEAN Socio-Cultural Community (ASCC) … [Read more...] about Joint Communique of 52nd ASEAN Foreign Ministers’ Meeting
Eurozone powers ahead despite currency strength
Rice export volume up but value falls The ministry said the total rice export volume and value in the first nine months of this year reached 5.2 million tonnes and $2.24 billion, respectively. The figures represented a rise of 5.9 per cent in volume and a drop of 9.8 per cent in value compared to the same period in 2018. Of which, Viet Nam shipped abroad 586,000 tonnes of rice in September for $251 million. The Philippines was the top market for Vietnamese rice in the first eight months of this year, consuming 1.76 million tonnes worth $720 million, 2.9 times higher in volume and 2.6 times in value over the same period last year. Strong growth was also seen in other markets, including Australia (75 per cent), Ivory Coast (nearly 35 per cent) and Hong Kong (nearly 35 per cent). The average rice price in the first eight months fell 13.8 per cent year on year to $435 per tonne. White rice led the way in the period, accounting for 47 per cent of total revenue, followed by Jasmine rice … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 14
Indo-Pacific economies' rankings on 2019 World Economic Forum's Global Competitiveness Index. PHNOM PENH, Cambodia — Economies of East Asia and the Pacific as a region together outperformed other regions of the world with the highest media score – topped off by Singapore which elevated as the world’s most competitive economy, according to the World Economic Forum (WEF)’s 2019 Report. The annual 2019 competitiveness index, calibrates as drivers of productivity and long-term growth in its 40th annual assessment, saw eight of the 19 listed economies in the Indo Pacific region improved their rankings with the world’s second largest economy – China – holding on to the 28th position. Meanwhile, a peek below the surface of the rankings shows a wide gap between the highest-performing East Asia and Pacific countries, and the lowest. The gap is larger than comparable data for Europe and North America. Thanks to an improvement in its overall score … [Read more...] about WEF: East Asia, Pacific the world’s most competitive regional economy
During these days 73 years ago, under the Party’s sound leadership, Vietnamese people throughout the country took advantage of a historic opportunity to unite and stage a general uprising that seized power, ended slavery and opened up a new era of independence in which the Vietnamese people are the owners of their country. The August Revolution in 1945 is a significant milestone in the history of Vietnam. The great victory of the August Revolution in 1945 is the victory of the strength of national unity, the tradition of patriotism and the indomitable spirit of the Vietnamese people under the outstanding leadership of the Party and President Ho Chi Minh. The victory demonstrates the capability and intelligence of the Party, led by President Ho Chi Minh, who had the great vision to choose the strategy of revolutionary struggle. The inevitable triumph came as a result of the experience from previous revolutionary movements led by the Party and the creative employment of … [Read more...] about Spirit of August Revolution shines forever!
Vietnam is being encouraged to focus more on developing a skilled workforce, the domestic private sector, and improvement of regulations to attract companies on the Fortune Global 500 list to serve the new development era. Vietnam prepares itself for the new development era to attract more FDI Losing an hour in a 10km-long traffic jam, Marcel Reymond, head of economic co-operation at the Embassy of Switzerland in Vietnam, eventually reached the National Convention Centre to attend last week’s Vietnam Reform and Development Forum 2019 (VRDF 2019) – an event attracting around 500 domestic and international experts worldwide. “I tried to manage the time well despite the heavy traffic. If I was a company owner, I would lose a lot of money because I had to wait for my materials for my staff,” he said. “If Vietnam wants to attract companies on the Fortune Global 500, the country will need better … [Read more...] about Reaching high for the Fortune Global 500