Photo: VOV

US remains Vietnam's largest export market

Statistically, bilateral trade turnover surges by an average of roughly 16% per year, representing a rise of more than 550% from US$ 21.8 billion in 2011 to more than US$123 billion in 2022.

Since the normalization of relations in 1995, trade growth between the two countries has increased 360 times, from US$450 million in 1995 to more than US$123 billion last year.

The past ten months of this year saw bilateral trade turnover reach more than US$90.1 billion, of which exports hit more than US$78.6 billion and imports stood at US$11.5 billion.

The US has so far been the 11th largest foreign investor out of 108 countries investing in Vietnam with diverse investment forms, running about 1,200 projects valued at nearly US$11.4 billion.

To date, Vietnam has had 230 investment projects in the US with a total registered capital of US$1.264 billion , while the US ranks 7th out of 80 countries and territories receiving investment from the Southeast Asian nation, cited VOV.

Notably, major US businesses continue to pay attention and make long-term investments in the Vietnamese market, and express their desire to ramp up cooperation with Vietnamese partners in areas of their interest, including infrastructure development, supply chains, energy and digital transformation, high-tech investment and innovation.

This year, many enterprises from the US are planning to make or expand investments in Vietnam, showing their intention to turn the Southeast Asian country into one of their important bases.

P&G Group plans to invest an additional US$100 million to expand the production line of Ben Cat factory; AES is set to invest in developing renewable energy; many US states have said that in the coming time they will increase cooperation in the fields of auto component production.

In addition, the two sides have maintained regular exchanges to strengthen cooperation and discuss prospects for expanding cooperation in new fields that each side has needs, including the semiconductor industry.

They have also had frank, substantive and constructive dialogues to resolve outstanding issues and cases in trade relations.

Accordingly, in the coming time, the Ministry of Industry and Trade will continue to enhance exchanges with the US, while proposing the possibility of applying the Generalized System of Preferences (GSP) scheme for Vietnam.

The move aims to help Vietnamese export goods be treated more fairly, similar to what US strategic partners currently enjoy, thereby bringing legitimate benefits to the business communities of the two countries, the ministry said.

Vietnam accompanies UN to support Cuba's sustainable development: Ambassador

Vietnam stands ready to accompany the UN on assisting Cuba to carry out the 2030 Agenda on Sustainable Development, Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN, has said.

At a recent working session with UN Resident Coordinator in Cuba Francisco Pichon, Giang highlighted the special friendship between Vietnam and Cuba, and informed the UN official of Vietnam’s active support for Cuba through various mechanisms, including the South – South Cooperation and trilateral cooperation, especially in the fields of agriculture and food.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN (Photo: VNA)

Pichon, who once served as the representative of the International Fund for Agricultural Development to Vietnam, said that Cuba is facing formidable challenges in post-pandemic recovery and the implementation of the 2030 Agenda.

The UN is implementing a cooperation framework for sustainable development during 2020-2024 to support Cuba, with a focus on economic issues, natural disaster mitigation, agriculture, and food security, he said, expressing his hope that Vietnam will join the UN’s efforts through sharing development experience and good practices, according to VNA.

Ambassador Giang said that Vietnam is willing to be a partner of the UN, helping Cuba overcome the existing challenges and achieve important progress in the implementation of the 2030 Agenda.

Coldest spell since early Winter hits northern Vietnam

A coldest spell since the beginning of this year’s Winter is moving close to northern localities, with temperatures dropping sharply, even below 15 degrees Celsius in some areas, according to the National Centre for Hydro Meteorological and Forecasting.

Nguyen Van Huong, head of the Weather Forecasting Department under the National Center for Hydro Meteorological Forecasting said that this is the strongest cold spell from the beginning of this year's cold season until now, marking the first cold spell of the 2023-2024 Winter.

The cold air wave will hit the entire northern region in the evening and tonight, and then spread to the north-central region and some places in the south-central region, VOV reported.

Nguyen Van Huong, head of the Weather Forecasting Department under the National Center for Hydro Meteorological Forecasting.

According to Nguyen Van Huong, due to the influence of the cold air wave, from the night of November 12 to November 14-15, the weather pattern in the northern region and mountainous areas will be cold, with common temperatures at night and morning are around 16-19 degrees Celsius, and even below 15 degrees Celsius in high mountainous areas.

From the night of November 12 to November 16 and 17, there will be widespread heavy rain of up to 500mm in some areas, while the north-central region is likely to suffer flooding.

Vietnam, Cambodia promote multi-faceted collaboration

Chairwoman of the Vietnam-Cambodia Friendship Association Nguyen Thi Thanh and Chairwoman of the Cambodia-Vietnam Friendship Association Samdech Men Sam An on November 12 co-chaired a conference in Tay Ninh province to review the one-year implementation of a memorandum of understanding (MoU) on coordination between the two associations for the 2022-2027 period.

At the event, participants also discussed directions for cooperation activities in 2024, and exchanged experiences in conducting people-to-people exchanges between agencies, units and localities that share the borderline.

Men Sam An stressed that senior leaders of the two Parties and States have worked together to promote the planting of border markers between the two countries, with 84% of the work completed so far, as an effort to build a border area of peace, stability, cooperation and development, and facilitate the travel of people.

Secretary of the Party Committee, Chairman of the People's Council of Tay Ninh Nguyen Thanh Tam presents a gift to Chairwoman of the Cambodia-Vietnam Friendship Association Samdech Men Sam An (Photo: VNA)

Bilateral trade is developing continuously, and is expected to surpass US$10 billion this year. In the field of tourism, Vietnam is among the top sources of tourists to Cambodia, VNA reported

Thanh said that following the MoU, the two associations have coordinated in implementing a huge workload, and achieved positive results, contributing to consolidating and strengthening the traditional friendship, and comprehensive cooperation between Vietnam and Cambodia.

In the coming time, the two sides will promote cooperation in opening vocational training courses for young people in border provinces; step up economic, trade and investment cooperation activities, create favorable conditions for businesses to expand their investment and business cooperation.

Vietnam, Laos strengthen cooperation in information, communications

Vietnamese Deputy Minister of Information and Communications Nguyen Thanh Lam and Lao Deputy Minister of Information, Culture and Tourism Keomanyvong Phosy hosted talks in the ancient city of Hue (Thua Thien Hue Province) on November 11, aiming to strengthen the cooperation in information and communications between Vietnam and Laos.

The event was part of the Vietnam-Laos Friendship Festival, which is taking place in Hue City.

At the talks, the two deputy ministers noted that foreign information is an important element in the foreign affairs of each country and as a bridge to expand people-to-people exchanges between the two countries, enhancing mutual understanding.

Foreign information also contributes to increasing international friends’ ability to access information about each country and promote the image of Vietnam and Laos.

Cooperation in foreign information will further strengthen information and communication, boosting the great friendship, special solidarity and comprehensive cooperation between the two countries, cited NDO.

At the signing ceremony of the Memorandum of Understanding on cooperation information and foreign communications between Vietnam and Laos.

The two sides expressed their wishes to promote cooperation between the two state management agencies on foreign information in the near future.

At the talks, leaders from the Authority of Foreign Information Service under the Vietnamese Ministry of Information and Communications and the Department of Mass Communications under the Ministry of Information, Culture and Tourism of Laos signed a Memorandum of Understanding on cooperation in promoting foreign information and communications between Vietnam and Laos.

The Memorandum of Understanding reached agreements on the general principle of enhancing cooperation between the parties on foreign information.

The two sides identified cooperation in many areas, including social management through information and communications, digital transformation in foreign information, training on foreign information and international media cooperation, the organization and participation in international media events to promote the image of each country, and other issues mutually agreed upon by both parties.

Both sides also noted the specific forms to carry out the cooperation between the two countries.

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