State President Tran Dai Quang receives Senator Cory Gardner, Chairman of the U.S. Senate’s Foreign Relations Subcommittee on East Asia, the Pacific, and International Cybersecurity Policy, Ha Noi, May 28, 2018 - Photo: VNA State President Tran Dai Quang made that statement at his reception for Senator Cory Gardner, Chairman of the U.S. Senate’s Foreign Relations Subcommittee on East Asia, the Pacific, and International Cybersecurity Policy, in Ha Noi on May 28. At the meeting, the State President expressed his delight at talks and meetings between their high-ranking leaders, specifically pointed to a State visit to Viet Nam by President Donald Trump and an official visit to the U.S. by PM Nguyen Xuan Phuc last year. The two nations are actively launching reached high-ranking agreements in 2017 and gained achievements in fields of politics-diplomacy, economics-trade, defense-security, … [Read more...] about State President: U.S. – key partner in VN’s diplomatic policies
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The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to diffuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the world's 20 biggest economies, which represent 75 percent of world trade and 85 percent of global gross domestic product, discussed trade disruptions as a risk to growth at a two-day meeting. But after talks described by participants as "polite" and mainly consisting of read-out statements with no debate, the G20 agreed only to stand by an ambiguous declaration on trade from 2017 and "recognize" the need for more "dialogue and actions". "We reaffirm the conclusions of our leaders on trade at the Hamburg Summit and recognize the need for further dialogue and actions. We are working to strengthen contribution of trade to our economies," the final G20 ministers' statement said. But the declaration did … [Read more...] about G20 sees need for ‘dialogue,’ fails to defuse trade war threat
SANTIAGO - Eleven countries including Vietnam, Japan and Canada signed a landmark Asia-Pacific trade agreement without the United States on Thursday in what one minister called a powerful signal against protectionism and trade wars. The deal came as U.S. President Donald Trump vowed earlier in the day to press ahead with a plan to impose tariffs on steel and aluminum imports, a move that other nations and the International Monetary Fund said could start a global trade war. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will reduce tariffs in countries that together amount to more than 13 percent of the global economy - a total of $10 trillion in gross domestic product. With the United States, it would have represented 40 percent. “Today, we can proudly conclude this process, sending a strong message to the international community that open markets, economic integration and international cooperation are the best tools for creating economic … [Read more...] about Asia-Pacific nations sign sweeping trade deal without U.S.
VN looks to deepen ties with U.S.Tu Hoang By Tu Hoang - The Saigon Times Daily HANOI - Leaders of Vietnam reiterated the nation’s strong willingness to strengthen comprehensive partnership with the United States at their separate talks with U.S. Secretary of State John Kerry in Hanoi last Friday. The meetings took place during Kerry’s second visit to Vietnam in his capacity as U.S. Secretary of State to attend an event entitled “Advancing Prosperity: Twenty Years of U.S.-Vietnam Development Cooperation.” The event highlighted the key achievements the two nations have made since the normalization of the diplomatic relations in 1995 and outline the agenda for future cooperation. Speaking at his meeting with Kerry, Vietnamese Party General Secretary Nguyen Phu Trong emphasized the need for the two countries to maintain regular high-level exchanges and contacts for further mutual understanding and stronger bilateral comprehensive partnership. Trong shared the … [Read more...] about VN looks to deepen ties with U.S.
Vietnam has challenged U.S. anti-dumping measures against Vietnam’s exports of fish fillets, a filing published by the World Trade Organization showed on Friday. Vietnam says Washington has broken WTO rules in the way it has imposed punitive tariffs on Vietnamese fish it claims are being ”dumped, or sold at an unfairly cheap price, on the U.S. market. U.S. imports of fish fillets from Vietnam have grown from $100 million in 2007 to more than $520 million in 2016. That made Vietnam the third-biggest U.S. supplier after Chile and China and the U.S. the top export market for Vietnamese fish. The United States has 60 days to settle the complaint, or Vietnam could ask the WTO to adjudicate. Washington has faced a slew of trade disputes over its use of anti-dumping duties in the past two decades, and has lost many of them after its calculation methods were found to be out of line with WTO rules. Earlier this week, the WTO published a wide-ranging Canadian trade complaint, lodged … [Read more...] about Vietnam complains to WTO about U.S. fish tariffs
December 2017 exports rose 10.9 percent over a year earlier to $231.7 billion, down from the previous month's 12.3 percent growth, customs data showed Friday. Imports expanded 4.5 percent to $177.1 billion, down from November's 17.7 percent gain.The politically volatile global trade surplus stood at $422.5 billion, down from $486 billion in 2016.Beijing faces mounting pressure from Washington and Europe over complaints over trade barriers and that Chinese exports of unfairly low-priced steel and some other goods are threatening jobs abroad.French President Emmanuel Macron warned this week during a visit to Beijing that Chinese leaders must open their markets wider or face the risk other nations might close theirs.For its part, the government of U.S. President Donald Trump is investigating whether Beijing improperly pressures foreign companies to hand over technology. Results are expected to be announced this month."Downside risks remain, in particular from more forceful U.S. trade … [Read more...] about China’s trade growth cools in December
PM Nguyen Xuan Phuc affirmed that Vietnam has actively launched agreements reached by the Vietnamese and U.S. leaders, including balancing the bilateral trade turnover. PM Nguyen Xuan Phuc (R) receives newly-appointed U.S. Ambassador to Vietnam Daniel Kritenbrink, Hanoi, December 26, 2017 The PM made that statement at his reception for newly-appointed U.S. Ambassador to Vietnam Daniel Kritenbrink on December 26 in Hanoi. The Government leader hailed contributions of Mr. Daniel Kritenbrink to the two nations’ relationship when the Ambassador was the Senior Director for Asian Affairs at the National Security Council. PM Phuc suggested the two sides enhance trade exchanges to bring benefits to their people, expecting the Ambassador to promote high-ranking delegation exchanges and ask the U.S. Government to address issues proposed by the Vietnamese side. The Vietnamese Government will make efforts in cooperation with the U.S. to strengthen their Comprehensive Partnership, he … [Read more...] about PM receives newly-appointed U.S. Ambassador
SEOUL — North Korea is likely to explore the possibility of dialogue with the United States in 2018 as the state seeks to secure a status as a de facto possessor of nuclear weapons, South Korea’s Ministry of Unification said Tuesday. "North Korea may continue to advance its nuclear and missile capabilities while searching for an outlet externally," the ministry said in its predictions for North Korea in 2018. "In searching for the recognition of its status as a de facto nuclear-possessing state, (the North) would explore the possibility of negotiations with the US." At the same time, the North is also likely to attempt to engage with South Korea in order to restore inter-Korean relations next year, it also said. It added that the ministry will closely watch North Korean leader Kim Jong-un’s New Year address on January 1 to see if it alludes to such possibilities. For this year, North Korea has distanced itself from dialogue and engagement with South Korea as it … [Read more...] about N. Korea likely to explore possibility of talks with U.S. in 2018: South
Travel and tourism industries in the United States have faced major challenges over recent years. From the global financial crisis and volcanic ash over Europe, to oil spill in the Gulf of Mexico and floods in Tennessee, travel has taken more than its share of hits. But tour operators are still optimistic about the future, and are making multiple efforts to restart and rebuild the inbound markets, according to speakers at the International Pow Wow 2010, the U.S. travel industry's premier international marketplace and the largest generator of visits to the country. "I'm rather optimistic as I talk to many people around the trade show floor about what's going on this first quarter, and what people are looking at for next year and the year after," U.S. Travel Association President and CEO Roger Dow said during the three-day trade show that ended on Wednesday. Inbound travel to the United States declined by 5.3 percent in 2009 from a year earlier, while the world's entire international … [Read more...] about U.S. tourism industry makes multi-efforts to woo int’l visitors
Schwab to advise local firms to boost trade links with U.S.By Mong Binh - The Saigon Times DailyHCMC - Former U.S. Trade Representative Susan Schwab is on her way back to Vietnam to give local businesses advice on how to step up exports to the U.S. and expand trade links with partners in America and other major markets.The important points of Schwab’s upcoming trip were clarified by Anna Nguyen, president and chief executive officer of Link Work Unlimited International Event, which is organizing the trip, at a news briefing in HCMC on In addition to meetings with Government officials, Nguyen said Schwab would spend much of her time chairing international conferences in Hanoi on December 1 and in HCMC two days later.Schwab will point out measures for Vietnamese exporters to spur their sales to the U.S. and other major markets without having to face trade lawsuits and barriers, and the opportunities for market penetration and expansion in the context of global economic slump.She is … [Read more...] about Schwab to advise local firms to boost trade links with U.S.