[Round-up] Vietnamese PM Meets Chinese Counterpart in Cambodia

Vietnam Treasures Mekong-Lancang Cooperation: PM
Vietnam always treasures and has made significant contributions to the Mekong-Lancang Cooperation (MLC) in the past year, affirmed Prime Minister Nguyen Xuan Phuc while attending the second Mekong-Lancang Cooperation Leaders’ Meeting in Phnom Penh, Cambodia on January 10.
Stressing the important principals of the cooperation for the socio-economic development of member states as well as regional peace, stability and prosperity, the Vietnamese leader underlined stronger collaboration in effective and sustainable management and use of Mekong water resources, the Vietnam News Agency (VNA) reported.
PM Affirms Policy on Strengthening Ties with Cambodia
Prime Minister Nguyen Xuan Phuc has affirmed Vietnam’s consistent policy of strengthening good neighborliness, traditional friendship, and comprehensive and long-lasting cooperation with Cambodia.
He made the statement during a working session in Phnom Penh on January 10 with his Cambodian counterpart Samdech Techo Hun Sen on the occasion of his trip to Cambodia to attend the second Mekong – Lancang Cooperation Summit.
They extensively discussed ways to boost bilateral ties across trade, transport, finance-banking for the benefit of the two peoples.
Vietnam PM Tells Lao Counterpart to Support Vietnamese Workers
Prime Minister Nguyen Xuan Phuc has asked the Lao government to simplify procedures and reduce costs for getting visa, labor permit and resident status for Vietnamese workers, helping them have stable life and contribute to socio-economic development in the host nation.
The Vietnamese government leader made the request while meeting with Lao Prime Minister Thongloun Sisoulith on January 10 on the sidelines of the Mekong-Lancang Cooperation Leaders" Meeting in Phnom Penh, Cambodia.
The two government leaders affirmed that they will continue working to deepen bilateral political relations and join hands to carry out drastic and comprehensive measures to strengthen economic partnership. They also pledged to pay attention to key investment projects, and remove bottlenecks for enterprises from both sides.
PM Meets Chinese Counterpart in Phnom Penh
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam attaches importance to developing its comprehensive strategic cooperative partnership with China, particularly in economy, trade and investment.
During a meeting with Chinese Premier Li Keqiang in Phnom Penh on January 10 on the occasion of his trip to attend the second Mekong – Lancang Cooperation Leaders’ Meeting, PM Phuc asked both sides to facilitate high-level visits, direct ministries, agencies and localities to realize agreements and common perceptions reached by leaders.
PM Nguyen Xuan Phuc Meets Thai Counterpart
Prime Minister Nguyen Xuan Phuc met with his Thai counterpart Prayut Chan-o-cha in Phnom Penh on January 10, on the sidelines of the 2nd Mekong-Lancang Cooperation (MLC) Leaders’ Meeting.
The two Prime Ministers expressed delight at the development of bilateral ties across the fields of politics-diplomacy, investment, trade, security-defense and judicial matters.
Deputy PM Pham Binh Minh to Kerry: Vietnam Considers U.S. One of Top Partners
Deputy Prime Minister and Foreign Minister Pham Binh Minh reiterated Vietnam’s consistent policy of considering the U.S. one of the top important partners during a reception in Hanoi on January 10 for former U.S. Secretary of State John Kerry, VNA reported.
Minh expressed his wish to continue promoting the friendship and stable, practical and long-lasting cooperation with the U.S. on the basis of mutual respect for each other’s political regime.
Vietnam to Officially Connect to ASEAN Single Window in 2018
Deputy Prime Minister Vuong Dinh Hue chaired a meeting Hanoi on January 9, asking ministries and sectors to work harder to officially connect Vietnam with the ASEAN Single Window mechanism in 2018.
He made the request at the third meeting of the National Steering Committee for the ASEAN Single Window, National Single Window and trade facilitation.
PM Asks Central Bank to Boost Surveillance
Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SBV) to enhance inspection and supervision to ensure the safety of the banking system and increase the confidence of people in the system in 2018.
Besides ensuring the consumer price index of below 4%, the SBV must also further cut lending interest rate and boost consumer lending this year, PM Phuc said.
Vietnam Priorities Energy Security: Party official
Vietnam always attaches importance to energy security, considering it a top priority in the country’s energy development policy and strategy, said Nguyen Van Binh, head of the Communist Party of Vietnam Central Committee’s Commission for Economic Affairs.
At a reception for former U.S. Secretary of State John Kerry in Hanoi on January 10, he said Vietnam wants to promote renewable energy development for power generation, contributing to energy security, climate change mitigation, environmental protection and sustainable development.
U.S. Repeals Anti-dumping Administrative Review on Vietnam’s Steel Nails
The International Trade Administration under the U.S. Department of Commerce (DOC) has published a notice announcing that the department rescinded the administrative review of the antidumping duty order on certain steel nails from Vietnam for the period between July 1, 2016 and June 30, 2017.
On September 13, 2017, the DOC published in the Federal Register a notice of initiation of an administrative review covering each of the 19 producers or exporters named by Mid Continent Steel & Wire, Inc. in its July 31 review request. However, on September 28, 2017, the petitioner withdrew its administrative review request for each of the 19 companies.
Cash Withdrawal Ratio Reduced to 10% by end of 2017
Vietnam saw a decline in cash withdrawals for the third consecutive year in 2017, with the rate reducing from 15% in 2016 to 10% in 2017 thanks to streamlined legal regulations and promoted information infrastructure services, according to a report from the State Bank of Vietnam (SBV).
The SBV has so far implemented a plan to develop card payment using card readers at points of sale (POS) and mobile points of sale (mPOS) from 2017 to 2020, which is aimed at boosting the non-cash payment in Vietnam, as approved in a prime minister decision. Accordingly, the ratio of cash to total payment instruments will be below 10% by the end of 2020.
EVN GENCO2 to Launch IPO in June
Power Generation Corporation 2 (EVN GENCO2) is taking necessary steps to conduct the first public offering (IPO) in June, newly-appointed Director General Truong Hoang Vu said in the Mekong Delta city of Can Tho on January 10.
The corporation has completed value evaluation and selected consultancies for developing its equitization plan, he said.
Vietnam Airlines Posts $123 Million Profit in 2017, to List Shares in Q2
National flag carrier Vietnam Airlines has said it earned a consolidated pre-tax profit of 2.8 trillion dong ($123.34 million) in 2017, 72% above its initial plan and up 8.3% from 2016.
The carrier’s revenue was 88.4 trillion dong ($3.9 billion) last year, it said, without giving comparative figures.
Vietnam Issues $7 Billion G-Bonds in 2017
The State Treasury of Vietnam sold a total of 159.9 trillion dong ($7.04 billion) in government bonds in 2017, meeting 87.2% of the year’s plan, with an average maturity of 13.52 years, up 4.81 years against 2016, according to a report by the Ministry of Finance.
European Investment Bank Lends Vietnam EUR143 Million for Hanoi Metro Line
The European Investment Bank (EIB), the world’s largest international public bank, will provide a loan worth EUR143 million for the construction of an urban railway in Hanoi and purchase of new trains for the route, the Delegation of the European Union to Vietnam has said.
The increased backing from the European Union’s long-term lending institution was confirmed in Hanoi by Jonathan Taylor, EIB vice president for Asian operations, who is leading a high-level EIB Delegation on a three day visit to Vietnam.
C&W Sees Grade A Office Rents in HCM City Up 20% in 2018
Office rents in Ho Chi Minh City, Vietnam’s busiest economic hub, have been on the rise over the past few years due to limited supply, and rents in some grade A buildings will increase up to 20% this year, Cushman & Wakefield has said in a note.
Average asking rents have been on an upward trend since 2014 and continued to record quarter-on-quarter and year-on-year increases of 1.3% and 7.8%, respectively in the fourth quarter last year, mainly driven by high rents offered by new buildings as well as rental increases in existing buildings with limited available space for lease in the prime locations.
Vietnam’s GDP Growth Outpaces Twice Global Average: WB
Vietnam’s economic growth is projected to moderate slightly to 6.5% on average between 2018 and 2020, driven by robust agricultural production and strong export-oriented manufacturing, the World Bank (WB) has said in its January 2018 Global Economic Prospects.
Meanwhile, global growth to forecast to edge up to 3.1% in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices.

TUAN MINH

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Từ khóa: Nguyen Xuan Phuc, Pham Binh Minh, John Kerry, State Bank of Vietnam, SBV, EVN, IPO, Vietnam Airlines, GDP
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