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☆ ASEAN welcomes world leaders as China-U.S. rivalry overshadows region
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +4 min

The United States and its allies have echoed ASEAN's calls for freedom of navigation and overflight and to refrain from building a physical presence in the area. Just before this week's gatherings, China released a map with its "10-dash line" delineating what it considers its waters, that appeared to expand its claims in the South China Sea. The United States has also courted ASEAN countries with varying degrees of success. 'GREAT DANGER'Lina Alexandra, a political analyst at think tank CSIS, said the draft was "very weak on the issues of the South China Sea". President Joko Widodo of ASEAN chair Indonesia warned on Tuesday that members must not become proxies in big-power rivalry.

Persons: Ferdinand " Bongbong, Marcos Jr, Lee Hsien Loong, Ministry of Foreign Affairs Sarun, Pham Minh Chinh, Li Qiang, Joko Widodo, Kamala Harris, Joe Biden, Xi Jinping, ASEAN's, Lina Alexandra, Alexandra, Wednesday's, Aung, Suu Kyi, Stanley Widianto, Kate Lamb, Kanupriya Kapoor, Robert Birsel Organizations: Singapore's, Ministry of Foreign Affairs, Vietnam's, ASEAN, Wednesday, The Association of Southeast Asian Nations, U.S, White, United, Reuters, CSIS, Thomson Locations: Philippines, Laos, JAKARTA, United States, China, Japan, South Korea, Australia, India, South China, States, South, Indonesia, ASEAN, Myanmar, Suu, Brunei, Cambodia, Malaysia, Singapore, Thailand, Vietnam

☆ Myanmar won't be allowed to lead Association of Southeast Asian Nations in 2026, in blow to generals
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: +6 min

An official ASEAN statement issued Tuesday night confirmed the decision to hand the chair to the Philippines in 2026 and affirmed the group's commitment to a five-point plan for restoring peace and stability in Myanmar. The ASEAN leaders' statement on Myanmar stressed the desire to work with the generals to end the country's crisis, especially in the context of the five-point plan which Myanmar accepted in 2021 but has largely failed to implement. "All of us are aware of the magnitude of the world's challenges today, where the main key to facing them is the unity and centrality of ASEAN," Widodo told fellow leaders. "ASEAN leaders must ensure that this ship is able to keep going, able to keep sailing," Widodo said. Japanese Prime Minister Fumio Kishida said before flying to Jakarta that he plans to offer assurances of the safety of the ongoing release into the sea of treated radioactive wastewater from the damaged Fukushima nuclear power plant.

Persons: Ferdinand Marcos, Lee Hsien Loong, Ministry of Foreign Affairs Sarun, Pham Minh Chinh, Joko Widodo, Sonexay Siphandone, Sultan Hassanal Bolkiah, Hun Manet, Anwar Ibrahim, Xanana Gusmao, Adi Weda, Aung, Ferdinand Marcos Jr, Marcos, Retno Marsudi, —, Marsudi, bloc's, Widodo, Kamala Harris, Joe Biden, Li Qiang, Sergey Lavrov, Fumio Kishida Organizations: Singapore's, Ministry of Foreign Affairs, Vietnam's, Cambodia's, Malaysia's, East Timor's, ASEAN Summit, Afp, Getty, United, Aung San Suu, ASEAN, Indonesia, Associated Press, European Union, Myanmar Armed Forces, Foreign Ministry, ASEAN Chair, Indonesian, Assistance Association for Political, U.S ., U.S, Russian, Japanese Locations: Laos, East, Jakarta, Myanmar, United States, Aung San, Philippines, Philippine, ASEAN, Naypyidaw, South China, U.S, China

☆ Biden says he will visit Vietnam 'shortly'
▼ + stars: | 2023-08-09 | by ( Nandita Bose | ) www.reuters.com time to read: +3 min

REUTERS/Leah... Read moreALBUQUERQUE, New Mexico, Aug 8 (Reuters) - U.S. President Joe Biden said on Tuesday he would be traveling to Vietnam "shortly" because the country wanted to elevate its relationship with the United States and become a major partner. Biden made the remarks while speaking at a political fundraiser in New Mexico. Asked about Biden's announcement, a White House spokesperson said there was "nothing further to share at this time." Officials have not said what the closer relationship might entail, but experts say it could include increased military cooperation and U.S. weapons supplies. Reporting by Nandita Bose; additional reporting by Jeff Mason and David Brunnstrom; Editing by Sandra Maler and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Leah, Read, Biden, Pham Minh Chinh, Antony Blinken, Blinken, Vietnam's, Nguyen Phu Trong, Nandita Bose, Jeff Mason, David Brunnstrom, Sandra Maler, Raju Gopalakrishnan Organizations: Infrastructure Law, White, REUTERS, Washington, Communist, Officials, coastguard, Military, Thomson Locations: Washington , U.S, ALBUQUERQUE, New Mexico, Vietnam, United States, Asia, China, Washington, Hanoi, Russia, Maine, India, New Delhi, U.S

☆ Vietnam to cut annual rice exports by 44% to 4 million tons by 2030
▼ + stars: | 2023-05-27 | by ( ) www.cnbc.com time to read: +2 min

Vietnam aims to cut its rice exports to 4 million tons a year by 2030, the government said in a document detailing its rice export strategy, down from 7.1 million tons last year. Rice export revenue will fall to $2.62 billion a year by 2030, down from $3.45 billion in 2022, the document said. Vietnam will diversify its rice export markets to reduce its reliance on any country, the government document said. "I doubt the strategy will materialize, as rice production depends on supply and demand, not on a government decision," another rice trader in the Mekong Delta province of An Giang said. Rice exports from Vietnam in the first four months of this year rose 40.7% from a year earlier to 2.9 million tonnes, according to government customs data.

☆ Vietnam central bank plans loan restructuring for struggling businesses
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +1 min

HANOI, April 24 (Reuters) - Vietnam's central bank will restructure loans for some businesses facing difficulties, including delaying loan repayments, the government said, as it seeks to shore up a slowing economy. Several companies in Vietnam, a regional manufacturing hub, have been struggling amid weakening global demand, with exports falling 11.9% in the first quarter of this year. Vietnam's economic growth slowed to 3.32% in the January-March period, against a 5.92% year-on-year expansion in the fourth quarter of 2022. Chinh at a weekend meeting with the central bank also called for commercial banks to cut lending interest rates to support businesses and households. The central bank last month cut several policy rates to support growth amid global uncertainty.

[1/2] A Vietnamese officer tries a weapon at the stalls of Czech security firms, including Colt, at the Vietnam International Defence Expo 2022 in Hanoi, Vietnam, December 8, 2022. REUTERS/Khanh VuHANOI, April 24 (Reuters) - Vietnam is in talks with the Czech Republic for military supplies, including aircraft, radars, upgrades of armoured vehicles and firearms, a Czech government source told Reuters, as Hanoi aims at diversifying its mostly Russian arsenal. Hanoi ordered a dozen L-39NG light-combat aircraft in 2021 from Czech manufacturer Aero Vodochody, with delivery to begin this year. Of the 15 companies that composed the Czech business delegation, four were security firms. The Vietnam foreign ministry and the Czech embassy in Hanoi had no immediate comment.

KARUIZAWA, Japan, April 16 (Reuters) - Foreign ministers from the Group of Seven nations will likely discuss their "common and concerted" approach to China when they meet from Sunday, reflecting shared concern about Beijing's actions, a senior U.S. State Department official said. China is front and centre as ministers from the G7 group of rich countries meet for three days in the Japanese resort town of Karuizawa. Beijing views Taiwan as Chinese territory and has not renounced the use of force to take the democratically governed island. There would likely be a discussion on how the members could continue to take a "common and concerted approach," to China, the official said. "To put China on the agenda is not just important for Japan, but also the United States," he said.

☆ U.S., Vietnam say they hope to boost ties as Blinken visits Hanoi
▼ + stars: | 2023-04-15 | by ( Humeyra Pamuk | ) www.reuters.com time to read: +3 min

[1/4] U.S. Secretary of State Antony Blinken meets with Vietnamese Prime Minister Pham Minh Chinh at the Office of the Government in Hanoi, Vietnam, Saturday, April 15, 2023. Vietnam is a crucial Southeast Asian trading partner that Washington is looking to bolster ties with as it works to balance China's growing assertiveness in the region and beyond. It is still unclear, though, when an upgrade of formal ties could be agreed. Blinken, who is to meet with top Vietnamese officials, including Trong, broke ground on a new U.S. embassy compound in Hanoi after meeting the prime minister. But while the United States has been keen to push for stronger ties with Vietnam, Hanoi has been cautious, fearing the impact an upgrade of relations with Washington could have on its relations with Beijing.

☆ SpaceX, Netflix, Boeing to join "biggest-ever" US business mission to Vietnam
▼ + stars: | 2023-03-17 | by ( Francesco Guarascio | Thomson Reuters | Francesco Leads A Team Of Reporters In Vietnam That Covers Top Financial | ) www.reuters.com time to read: +3 min

HANOI, March 17 (Reuters) - SpaceX, Netflix and Boeing are among the companies joining the "biggest-ever" U.S. business mission to Vietnam next week to discuss investment and sales opportunities in the booming Southeast Asian nation, the organiser said. More than 50 companies, including defence, pharmaceutical and tech firms, will participate in the mission organised by the US-ASEAN Business Council, an industry body, according to a list seen by Reuters. "This is the biggest-ever mission in Vietnam," said Vu Tu Thanh, the US-ASEAN Business Council's representative in the country, noting that the body had been organising these events for three decades. The majority of the companies joining the business mission already have a business or manufacturing presence in Vietnam, including Apple (AAPL.O), Coca-Cola (KO.N) and PepsiCo (PEP.O), Thanh said, with some planning to expand it. Among them is SpaceX, which is looking to sell its satellite internet services to Vietnam and other countries in the region, Thanh said.

☆ Vietnamese boy trapped in concrete pile on New Year’s Eve is pronounced dead
▼ + stars: | 2023-01-05 | by ( ) www.nbcnews.com time to read: +1 min

HANOI, Vietnam — A 10-year-old Vietnamese boy who fell into the narrow open shaft of a concrete pile at a construction site on New Year’s Eve has been confirmed dead, state media said Wednesday. Rescuers spent nearly 100 hours trying to free the boy, Ly Hao Nam, from the 115-foot-long support pillar driven into the ground, but without success, online newspaper VnExpress cited a local government official as saying. “The authorities have determined that the victim has died and are trying to recover his body for the funeral,” deputy chairman of the southern province of Dong Thap, Doan Tan Buu, was quoted as saying. Doan Tan Buu, deputy chairman of the southern Vietnamese province of Dong Thap, said Wednesday that authorities were trying to recover the boy’s body. Earlier on Wednesday, Vietnamese Prime Minister Pham Minh Chinh had urged rescuers and local authorities to mobilize all equipment and forces needed, the government said.

☆ Vietnam holds first international arms expo in Hanoi
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

[1/5] Military arms are displayed at the Vietnam International Defence Expo 2022, in Hanoi, Vietnam, December 8, 2022. REUTERS/Khanh VuHANOI, Dec 8 (Reuters) - Vietnam on Thursday opened its first large-scale international defence exhibition, as the Southeast Asian country seeks to diversify its arms sources and also to export equipment. The three-day event held at an airport in the capital Hanoi attracted 174 exhibitors from 30 countries, including the United States, Russia and European nations. Officials and analysts said Vietnam is also eyeing a major defence shift as it seeks to reduce its reliance on Russian, which was for decades Vietnam's main supplier of weapons and defence systems. Reporting by Khanh Vu and Francesco Guarancio Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Vietnam's anti-graft crackdown chills supply chains, investment
▼ + stars: | 2022-11-28 | by ( Francesco Guarascio | ) www.reuters.com time to read: +6 min

"If you don't do anything, you cannot do a mistake," Walde said of the current licensing paralysis caused by the bureaucratic anxiety. Germany is the second-largest exporter of drugs to Vietnam after France, according to 2020 data. SUPPLY SHOCKSThe negative economic consequences of the crackdown come on top of other challenges that Vietnam and other countries in Asia face, namely a weakening local currency, global supply constraints and declining world demand. "The crackdown won't be able to root out the widespread corruption if implemented without complete transparency and rule of law," said Hop. Reporting by Francesco Guarascio @fraguarascio; Additional reporting by Khanh Vu; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Germany's Scholz visits Vietnam as manufacturers eye shift from China
▼ + stars: | 2022-11-13 | by ( Francesco Guarascio | ) www.reuters.com time to read: +2 min

The Hanoi visit follows Scholz's trip to China last week, the first by a Western leader in three years since the start of the COVID-19 pandemic. Vietnam and Singapore are the only countries in Southeast Asia that have a free trade agreement with the European Union. About 500 German firms operate in Vietnam, of which around 80 have manufacturing plants in the country, according to the German chamber of commerce in Vietnam, AHK. Many more are looking to diversify some of their activities away from China where about 5,000 German companies operate, AHK head in Vietnam, Marko Walde, told Reuters. Over 90% of German firms planning such a move look at Southeast Asia as their preferred choice, Walde said, noting that Vietnam and Thailand were favourites in the region.

☆ Southeast Asia leaders kick off ASEAN summit in Cambodia
▼ + stars: | 2022-11-11 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Cambodia, this year's chair for the Association of Southeast Asian Nations (ASEAN), is hosting the weekend summit in Phnom Penh — the group's first in-person meeting since the Covid pandemic. Leaders from the U.S., China, South Korea and Japan will also be meeting ASEAN leaders in Phnom Penh. "Looking to the future, ASEAN needs to strongly promote the values that have made ASEAN successful over the past five decades. The ASEAN nations want more trading partners, the more, the better," he told CNBC's "Street Signs Asia" on Thursday. The Treaty of Amity and Cooperation in Southeast Asia is a peace treaty among Southeast Asian countries established in 1976.watch now

☆ Vietnam will stick to target to keep inflation under control, PM says
▼ + stars: | 2022-11-05 | by ( Khanh Vu | ) www.reuters.com time to read: +2 min

HANOI (Reuters) - Vietnam will stick to its target to keep inflation under control and ensure macroeconomic stability, Prime Minister Pham Minh Chinh said on Saturday, as the economy faces fresh challenges. The central bank has this year raised its policy rates by a combined 200 basis points and allowed the dong currency to weaken against dollar. Vietnam’s stock market has fallen by more than 20% while the dong currency has lost 6% against dollar over the past three months. “It’s getting more difficult to manage the macro economy,” Chinh said. He said Vietnam will consider raising the national fuel storage capacity and domestic fuel production to avoid future fuel shortages.

☆ Vietnam PM says will keep aiming to control inflation, ensure macro-stability
▼ + stars: | 2022-11-05 | by ( Khanh Vu | ) www.reuters.com time to read: +2 min

HANOI, Nov 5 (Reuters) - Vietnam will stick to its target to keep inflation under control and ensure macroeconomic stability, Prime Minister Pham Minh Chinh said on Saturday, as the economy faces fresh challenges. "It's getting more difficult to manage the macro economy," Chinh said. Vietnam's gross domestic product is expected to grow 8% this year, faster than an expansion of 2.58% last year. Chinh said the government will take measures to ensure that the financial and real estate markets operate in a more transparent and effective manner. He said Vietnam will consider raising the national fuel storage capacity and domestic fuel production to avoid future fuel shortages.

Residents who evacuated from their flooded homes sit on a roadside after Super Typhoon Noru, in San Ildefonso, Bulacan province, Philippines, September 26, 2022. REUTERS/Eloisa LopezHANOI, Sept 27 (Reuters) - Vietnam urged more people on Tuesday to evacuate as an intensifying Typhoon Noru barrelled towards the southeast Asian nation, after causing at least eight deaths and widespread flooding in the Philippines. The typhoon forced airports in Vietnam to close, causing travel disruption, while thousands were forced to evacuate their homes, according to official statements. Typhoon Noru, the strongest storm to hit the Philippines this year, also damaged 1.53 billion pesos ($26 million) worth of crops, government data showed. read more"There are still areas with floods," Daniel Fernando, governor of Bulacan province north of the capital, told DZRH.

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