Press digest – March 20

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Báo điện tử CP English - 5 day(s) ago 1 readings

State President holds talks with Israeli counterpart

State President Tran Dai Quang and his spouse solemnly welcomed Israeli President Reuven R.Rivlin and his spouse on their State visit to Viet Nam from March 19-25.

State President Quang warmly welcomed the official tour, regarding this as a respect for better friendship between the two countries.

The Israeli President expressed his pleasure to visit Viet Nam for the first time and his aspiration of Vietnamese people's determination in national protection and peace-loving spirit.

The guest leader also lauded the socio-economic achievements that Viet Nam has attained over the past time. He was convinced that the close cooperation among the two governments and business communities would cement and deepen the bilateral ties.

VN willing to foster bilateral trade with RoK: PM says

Viet Nam is ready to work with the Republic of Korea (RoK) to effectively implement the bilateral free trade agreement (FTA), boosting their trade to US$ 70 billion, even US$ 100 billion, by 2020.

PM Nguyen Xuan Phuc made the remark while meeting with RoK Foreign Minister Yun Byung-se, who is on an official visit to Viet Nam, in Ha Noi on March 20.

The RoK is currently the top foreign investor, the second biggest ODA provider and the third trade partner of Vietnam. Cooperation in diplomacy, security, defense, science-technology, agriculture, culture, and education along with locality-to-locality partnership has been increasingly intensified.

Israel’s impressive and strong development inspires VN

Israel’s impressive and strong development is the source of inspiration to other countries, including Viet Nam, said PM Nguyen Xuan Phuc.

The Government chief made the statement during his meeting with Israeli President Reuven R.Rivlin who is on a week-long visit to Viet Nam.

He asked the two countries to double efforts to soon lift up the two-way trade volume to US$3 billion from the current US$1.3 billion through facilitating businesses to seek investment opportunities and encouraging trade promotion and policy-related information exchanges.

The two sides also need to continue talks on the bilateral free trade agreement as planned to create a long-term cooperation framework.

VN encourages RoK investment in infrastructure development

Viet Nam encourages the Republic of Korea’s businesses to expand investment in infrastructure development, renewable energy, supporting industry and food processing.

Deputy PM, FM Pham Binh Minh made the above statement during his talks with RoK FM Yun Byung-se in Ha Noi on Monday.

The Deputy PM, FM called for RoK businesses’ involvement in restructuring State-owned enterprises and banking system.

NASC mulls over draft law on public debt management

The National Assembly Standing Committee (NASC) debated the draft law on public debt management (amended) on March 20 in Ha Noi.

Minister of Finance Dinh Tien Dung said that the Law on Public Debt Management set an appropriate legal corridor for socio-economic development and contributed to offsetting State budget overspending.

The law helped to create investment capital for crucial fields of the economy via re-lending of the Government’s foreign capital and the Government’s guarantee.

Textile - garment exports expected to grow without TPP

Viet Nam’s garment and textile sector is still enjoying good growth in exports to the US market even without the Trans-Pacific Partnership (TPP), according to Le Tien Truong, Director General of the Vietnam National Textile and Garment group (Vinatex).

While the sector is forecasted to benefit greatly from the TPP, it has so far thrived without TPP with Viet Nam holding the second-biggest market share in the US and Japan. Those two countries are also the two main export markets of Vietnam’s garment and textile.

Enterprises in the sector have continuously made investment in machines and technology to improve their productivity, reduce cost, thus increasing their competitiveness in the two markets.

Hoi An offers free entry on International Day of Happiness

Tourists to the World Cultural Heritage - Hoi An Ancient Town, central Quang Nam province, were exempted from buying entry ticket on March 20 in response to International Day of Happiness.

Besides, visitors who were born on March 20 (according to identity papers) received gifts from the Hoi An city People’s Committee.

On this occasion, numerous activities were held such as a four-day photo exhibition which kicked off on March 19, and a music performance themed “Love and Sharing” on March 20.

Coffee supply in VN hits 3-year low

Coffee prices in Dak Lak, the country’s largest coffee bean-growing province, stood at US$2.08-US$2.11 (VND47,300-VND48,000) per kg at the end of last week as stockpiles remain low.

Inventories are expected to linger at a three year low until the next harvest season gets underway in October, said Pham Ngoc Bang, deputy general director of Dakman Vietnam based out of Dak Lak.

He noted that only about one quarter of last year’s harvest is left, which makes it hard to purchase beans. Heavy rain in Viet Nam last December took a toll on both bean quality and supply during the drying process.

VN ranked 94th in world happiness report

Viet Nam was ranked 94th out of 155 countries in the latest World Happiness Report that calls on nations to build social trust and equality to improve the well-being of their citizens.

The report was released on March 20 by the Sustainable Development Solutions Network (SDSN) for the United Nations on the occasion of the International Happiness Day.

The ranking is based on six criteria, including per capita gross domestic product, healthy life expectancy, freedom to make life of choice, generosity, social support and absence of corruption in government and business./.

(Source: VGP/VOV/VNA)

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