Latest news with #CommunistPartyofVietnamCentralCommittee
RTHK
02-07-2025
- Business
- RTHK
Trump says trade deal struck with Vietnam
Trump says trade deal struck with Vietnam Trump said the United States will charge a 20-percent tariff for Vietnamese exports into America, and a 40-percent levy for trans-shipments. File photo: Reuters US President Donald Trump announced on Wednesday that he had struck a trade deal with Vietnam under which the country would face a minimum 20 percent tariff and open its market to US products. The deal comes a week ahead of Trump's self-imposed July 9 deadline for steeper tariffs on US trade partners to take effect if agreements had not been reached. Trump initially announced that the trade deal had been reached, without providing details. "It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam after speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam," Trump wrote on his Truth Social platform. He said that under the "Great Deal of Cooperation," imports of Vietnamese goods will face a 20 percent US tariff, while goods that pass through Vietnam from other countries, or trans-shipments, will see a steeper 40 percent tariff. "In return, Vietnam will do something that they have never done before, give the United States of America Total Access to their Markets for Trade," he said. "In other words, they will 'open their market to the United States,' meaning that we will be able to sell our product into Vietnam at ZERO Tariff," he added. The president said he believed US-made SUVs, "which do so well in the United States, will be a wonderful addition to the various product lines within Vietnam." General Secretary of the Communist Party of Vietnam Central Committee To Lam welcomed a new trade agreement with the United States during a phone call with Trump, Vietnam News Agency reported. He urged Washington to soon recognise Vietnam as a market economy and to lift export restrictions on certain high-tech goods. The two leaders also discussed major directions and measures to further strengthen the Vietnam-US comprehensive strategic partnership in the coming years. Trump's announcement comes a week before the US has threatened to reimpose steep tariffs on dozens of economies, including the EU and Japan, many of which are still scrambling to reach deals that would protect them from the measures. Those higher tariffs are part of a package Trump initially imposed in April, citing a lack of "reciprocity" in trading relationships, before announcing a temporary lowering to 10 percent. Without a deal, Vietnam's "reciprocal tariff" would have risen from the baseline 10 percent to 46 percent. Since April, Washington had so far only announced a pact with Britain and a deal to temporarily lower retaliatory duties with China. Both involve the United States maintaining some of Trump's tariffs on the trading partners. (AFP/Xinhua)
The Star
02-07-2025
- Business
- The Star
Vietnam's party chief welcomes new trade deal with U.S.
HANOI, July 2 (Xinhua) -- General Secretary of the Communist Party of Vietnam Central Committee To Lam on Wednesday welcomed a new trade agreement with the United States during a phone call with U.S. President Donald Trump, Vietnam News Agency reported. He urged Washington to soon recognize Vietnam as a market economy and to lift export restrictions on certain high-tech goods. The two leaders also discussed major directions and measures to further strengthen the Vietnam-U.S. comprehensive strategic partnership in the coming years.
The Star
19-06-2025
- Business
- The Star
Vietnam party chief calls on newly merged southeastern city to become international megacity
HANOI: Vietnam's newly merged city comprising Ho Chi Minh City, Binh Duong province and Ba Ria-Vung Tau province is expected to become an international megacity in South-East Asia, the Vietnam News Agency quoted General Secretary of the Communist Party of Vietnam Central Committee To Lam (pic) as saying on Wednesday (June 18). Speaking at a high-level working session in Ho Chi Minh City on Wednesday, Lam said the merger has brought together the country's three most dynamic economic regions with strategic strengths in finance, high-tech industry and seaport logistics, the state-owned media reported. According to Lam, the new vision for the city is to become a "Southeast Asian international megacity," which is a smart, green and innovative urban hub that excels not only in economic capacity, but also in culture, arts, sports, entertainment and modern lifestyle. Vietnamese official data from 2024 shows that the newly merged Ho Chi Minh City will cover 6,772sq km with a population exceeding 14 million, while consolidating the three top-performing provinces in the field of digital governance, administrative reform and free trade implementation. The merger of the three provinces is a part of the Vietnamese government's broader plan to reduce the number of provincial-level administrative units from 63 to 34, according to the Vietnam News Agency. - Xinhua
BusinessToday
02-06-2025
- Business
- BusinessToday
Vietnam Govt Goes On Cost-Cutting Measures, Asks Public To Be Thrifty
General Secretary of the Communist Party of Vietnam Central Committee To Lam has called on the public to promote a culture of thrift in daily life as part of the nation's broader efforts to combat wastefulness, Vietnam News Agency reported. In an article published on Sunday, he proposed the establishment of an annual national thrift day to further encourage and institutionalize this practice across society. As an example of effective cost-cutting, the Party chief highlighted the ongoing restructuring of the government apparatus, which began in late 2024. This includes the merger of provinces, the dissolution of certain district-level administrative units and the consolidation of commune-level units. These reforms are projected to save the State budget more than 20 trillion Vietnamese dong (770 million U.S. dollars) annually during the 2025-2030 period, with savings expected to exceed 30 trillion dong (1.2 billion dollars) per year from 2030 onward, he wrote. Related
Sky News AU
19-05-2025
- Politics
- Sky News AU
'Friends of steel': The alarming Xi Jinping pledge to Russia that should put Anthony Albanese and other Western leaders on edge
As Australia awakens to the reality of the Coalition's crushing defeat and the Albanese government's massive victory, and what this means for the future direction of this country over the next three years and beyond, another cold reality is upon us. That's the turbulent world we have in front of us, fuelled by the major powers competing for control of the international order. May 8 marked 80 years since the allied victory over Nazism in Europe, which paved the way for the end of hostilities in September 1945, and the united effort of the victorious nations to create a new world order. Has that world order been achieved nearly a century later? The answer to that question has to be no, largely because of the once united World War Two allies' polarising viewpoints about what that new order should look like. Europe and the former Soviet space remembered V day in their own ways this month, but was it was Russia's marking of the occasion that has drawn the most international attention. The parade, the talks, and 'friends of steel' Despite the ongoing war in Ukraine and open threats by Kyiv to target the May 8 military parade in Red Square, Moscow once again overshadowed other VD ceremonies with the scale and grandiose way it marked what the Russians remember as the Great Patriotic War. At the same time, the Kremlin used the opportunity to showcase it has many friends, particularly in the Global South. The presence of 27 heads of state (though some not being recognised by the international community like Abkhazia and Southern Ossetia), among them Xi Jinping of China, Luiz Inácio Lula da Silva of Brazil, Abdel Fattah el-Sisi of Egypt and General Secretary of the Communist Party of Vietnam Central Committee To Lâm, clearly indicated a sense of ease in Russia-Global South relations. Russian President Vladimir Putin wasted no time and held 20 bilateral talks with his VIP guests. Most of the discussions resulted in the signing of key partnership agreements, ranging from cooperation in the humanitarian sphere, education and research, to economic support and trade, to the close alignment of the countries' positions in the foreign policy spheres as well as security and defence cooperation. And this is what the offices of Richard Marles and Penny Wong should be paying particular attention to. Some of the key agreements that were signed in Moscow do not just affect Russia's future strategic relations with its key partners and clients across the Global South - it also affects power dynamics in the Indo-Pacific. For example, during the press conference following the conclusion of Russia-Vietnam talks and the signing of numerous agreements, the two leaders emphasised mutual interest in strengthening defence cooperation, which became the highlight of the briefing. The presence of military units from 13 nations, including China, Laos, Myanmar, Mongolia and Vietnam, show that despite the war in Ukraine, Russia has retained extensive cooperative defence ties. And it has rebuilt links with former Soviet clients, including in our part of the world. That's something that requires recognition by Canberra. The pre-election controversy surrounding Russian interest in Indonesia's Manuhua air base supports this point. Another potential point of concern for the Albanese government is what seems to be the unshaken Russia-China strategic partnership, or what Xi referred to as 'friends of steel'. That comment was cemented by Putin and Xi's clearly apparent level of personal chemistry and trust. The pair's 7.5-hour long interaction in Moscow resulted in the Joint Statement on Global Strategic Stability concerning the future shape of the global international system. One of the most revealing parts of the Joint Statement was an implied finger pointing at the AUKUS security framework as a regional destabiliser. The statement clearly articulates that issues concerning 'nuclear sharing' and 'extended nuclear deterrence' within the framework of relevant military alliances and coalitions'; the use of bases and territories of non-nuclear allies by nuclear-armed states; transfers of 'dual-capable platforms' like the Virginia and AUKUS class nuclear-powered submarines are considered as high risk factors by Russia and China. 'This has high potential to provoke a regional and global arms race and further escalate tensions,' it concludes. No easy ride for Labor Corks may still be popping in Canberra as Labor celebrates a historic election win. Regrettably, national security and defence did not end up being one of major discussion points in the election trail. It is even more disappointing that the Coalition failed to exploit it despite being traditionally stronger on the matter. But what is done is done. Albanese's domestic-focused policy messaging does not make the external international security environment more stable. The painful complexities of the world's crises and conflicts is highlighted by the much-anticipated peace settlement meeting between the Russians and the Ukrainians in Istanbul. The geopolitical fluidity of our region and its fragility is highlighted by the outbreak of armed violence between nuclear-armed India and Pakistan in recent weeks. Despite all the cheer in Labor's camp, the next three plus years for the victors look more like a roller coaster ride, unless Albanese's team get serious about keeping Australia safe and secure. Dr. Alexey Muraviev is Associate Professor of National Security and Strategic Studies at Curtin University, Perth, Western Australia.
