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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VSA seeks action against U.S. over steel tariff The Vietnam Steel Association (VSA) has sent a petition to relevant authorities to take action to safeguard local enterprises from the U.S. steel tariff. PHOTO: TL HCMC – The Vietnam Steel Association (VSA) has sent a petition to relevant authorities to take action, including complaints to the World Trade Organization (WTO) and counter-tariffs against U.S. products, to safeguard local enterprises from the U.S. steel tariff. In the petition sent to the Government Office, the Ministry of Industry and Trade, and the Ministry of Foreign Affairs, VSA chairman Ho Nghia Dung suggested that State agencies help steel enterprises avert losses caused by a 25% tariff on steel imposed by the U.S., news website VnExpress reports. VSA proposed that the two above-mentioned ministries work with related agencies from the U.S. to express the official stance of Vietnam towards the steeltariff, and lodge a complaint to WTO as other countries … [Read more...] about VSA seeks action against U.S. over steel tariff
During the trip, the ambassador held a meeting with Congressman Jimmy Panetta, and NPS President Ronald Route and deans of NPS faculties. The sides appreciated recent development in Vietnam-U.S. relations and highlighted the successful visits to the U.S. by Prime Minister Nguyen Xuan Phuc and to Vietnam by President Donald Trump. They also took noted of progress in bilateral security-defense ties as seen through the trips made by Vietnamese Defense Minister Ngo Xuan Lich to the U.S., and by U.S. Defense Secretary Jame Mattis and aircraft carrier USS Carl Vinson to Vietnam. Photo: Vietnam+ The Vietnamese diplomat informed his hosts on socio-economic development, reform achievements, and diplomatic policies of Vietnam, saying that he expects bilateral ties to grow stronger, particularly in naval exchanges and cooperation. He also voiced his support for cooperation between the naval school and its Vietnamese partners. NPS President Ronald Route lauded the first visit of … [Read more...] about Vietnamese Ambassador visits U.S. Naval Postgraduate School
Participating representatives of the U.S. and ASEAN celebrated the growth of political, security, economic and cultural ties between the sides, reflected through implementation outcomes of their action plan for 2016 – 2020. The plan saw 83 out of its 95 activities and projects carried out. A number of fruitful U.S.-supported programs in ASEAN included the Trade & Investment Framework Agreements, Expanded Economic Engagement (E3) Initiative, U.S.-ASEAN Connectivity through Trade and Investment project, Young Southeast Asian Leaders initiative, and Lower Mekong Initiative. Photo: asean.usmission.gov The ASEAN member countries praised the Trump Government for maintaining its commitment to the bloc and stated their willingness to work with the nation to increase ASEAN self-reliance and realize the ASEAN Community Vision 2025. ASEAN and the U.S. agreed to effectively implement their action plan for 2016-2020, particularly in such realms as free trade-investment, … [Read more...] about ASEAN, U.S. hold 31st dialogue in Malaysia
10:18 | 31/03/2018 VGP – U.S. Deputy Assistant Secretary of State for Energy Diplomacy Sandra Oudkirk and Vice Minister of Viet Nam’s Ministry of Industry and Trade (MOIT) Hoang Quoc Vuong led the discussions on Energy Security Dialogue in Ha Noi on March 30, 2018. Photo: VGP During the dialogue, U.S. and Vietnamese representatives exchanged views on securing critical infrastructure and resources; strategic energy supply diversification; energy tariffs and pricing; technical assistance; renewable/new energy technology; regional interconnectivity; and held a commercial session. In addition, both sides discussed opportunities for U.S. businesses in Viet Nam’s energy sector. U.S. companies have shown a strong interest in partnering with Viet Nam on a wide array of energy initiatives. On March 29, meetings with energy technical experts that preceded this dialogue provided an opportunity to exchange views and information about U.S. technologies and … [Read more...] about Inaugural U.S.-VN Energy Security Dialogue
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