South china sea disputed islands

The Russian Deputy Foreign Minister visited Vietnam on June 13-14 at the invitation of the Foreign Ministry of Vietnam to attend the ninth Vietnam-Russia Strategic Dialogue on Diplomacy-Defense-Security and Political Consultation at the deputy-foreign-ministerial level, which aimed to roll out the cooperation plan between the two foreign ministries for the 2017-2018 period. At the reception on June 13 in Hanoi, Mr. Minh suggested that the two sides boost their discussions on regional and global issues for better coordination and wished Russia to further cooperate with ASEAN and actively contribute to maintaining peace and stability in the Asia-Pacific region. Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) and Russian Deputy Foreign Minister I. Morgulov. Photo: baoquocte.vn  Minh also showed his pleasure at fine developments in relations between the two countries and hoped the two foreign ministries would continue boosting cooperation in all fields to be … [Read more...] about Vietnam, Russia reinforce strategic partnership

The remainder of 2019 will be key for Vietnam to avail of longer-term investment possibilities, Photo: Le Toan Warrick Cleine, chairman and CEO of KPMG Vietnam, told VIR that they have seen tremendous ­confidence in Vietnam from large ­investors, especially from the likes of Japan, South Korea, and Singapore. The trend has expanded from the ­acquisition of 100 per cent or control of Vietnamese companies, such as the Sabeco deal from Thailand, to minority or strategic investments in large Vietnamese companies. These are often institutional investors, and their decisions reflect confidence in Vietnam’s overall macroeconomic and geopolitical state, and the management teams and business models of the specific companies. “Provided the global economy remains strong and Vietnam ­maintains its reform orientation, there is no reason investors will not continue to have the confidence to invest in Vietnam,” Cleine stressed. KPMG in particular expects to … [Read more...] about Investors step up M&A movements

Prime Minister Nguyen Xuan Phuc at the sixth GMS Summit “We have been working to meet our commitments to protect intellectual property rights, innovative ideas, and the inventions of startups. We will continue to boost tax policy reforms and corporate income tax will be decreased to 15-17 per cent from the current 20-22 per cent,” stated Prime Minister Nguyen Xuan Phuc at the sixth Greater Mekong Subregion (GMS) Summit. At the summit, the PM said that in 2017, Vietnam continued to maintain one of Asia’s highest economic growths, with inflation controlled at 3.5 per cent. The country’s interest and exchange rates remained stable, trade turnover reached a record $425 billion, and foreign reserves have exceeded $60 billion. According to the World Bank, Vietnam’s Ease of Doing Business Index last year jumped 14 places to stand 68th among 190 economies. The World Economic Forum (WEF) placed Vietnam’s Global Competitiveness Index (GCI) at 55th out of … [Read more...] about PM promises 5-7 per cent corporate income tax cuts at GMS Summit