Vietnam’s Communist Party on Monday nominated a little-known official to become the country’s next Prime Minister, tasked with reviving the economy in the wake of the pandemic while navigating growing United States (US)-China tensions.Pham Minh Chinh, who rose through the ranks of Vietnam’s national security apparatus and has a PhD in Law, is the only candidate for Prime Minister put forward by the Politburo.
Southeast Asian leaders warned Friday the virus pandemic had swept away years of economic gains and was hindering negotiations over the flashpoint South China Sea as they met online for a delayed summit.Vietnam, the current chair of the Association of Southeast Asian Nations (ASEAN), had wanted to use the summit to inject momentum into talks on a sprawling China-backed trade pact.But the immediate focus for the 10-member bloc was the crippling cost of the coronavirus, which has ravaged the ec
It is a tradition for ASEAN’s 10 members to take turns chairing the regional bloc in alphabetical order, and come 1 January, 2020, Vietnam will formally take over from Thailand fully aware of the responsibilities it will have to shoulder.Thai Prime Minister Prayut Chan-o-cha proudly handed a gavel, the symbol of ASEAN’s leadership, to a smiling Vietnamese Prime Minister, Nguyen Xuan Phuc at the closing of the 35th ASEAN Summit in Bangkok on Monday – and the pressure is now on one of Asia’s fa
A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the United States (US)-China trade war.“We are ready to grab the opportunity,” Phuc said in an interview, a few days before departing this week to the World Economic Forum in Davos, Switzerland.Vietnam is quietly positioning itself as a safe haven for manufacturers wary of getting caught in the cros
To consolidate its growing economy, Vietnam is looking to launch Special Economic Zones (SEZs) to boost growth and to attract foreign investments to the country. The three SEZs are slated for development in Van Don, North Van Phong and Phu Quoc. According to Vietnam Investment Review in January 2018, draft laws for the SEZs are being discussed and are nearing completion. Vietnam’s economic growthVietnam’s economy in 2017 was deemed to be one of the best performing in the region.
Vietnam’s Prime Minister, Nguyen Xuan Phuc arrived in Singapore early this week for an official visit ahead of the 32nd ASEAN Summit. Nguyen Xuan Phuc made the official visit at the invitation of Singapore’s Prime Minister, Lee Hsien Loong. The visit was to celebrate the 45-year relationship between both countries since establishing diplomatic ties in 1973. The visit also marks the fifth anniversary of the establishment of the strategic partnership between Vietnam and Singapore in 2013.
After a great year for the Vietnamese economy, Vietnamese Prime Minister Nguyen Xuan Phuc is determined to take the economy to greater heights. Speaking at the Vietnam Economic Forum held by the Communist Party’s Commission for Economic Affairs last week, Phuc declared, “We must try to transform Vietnam from a beautiful girl into a new economic tiger in Asia.”Despite a slow start to 2017, Vietnam came out as one of the best performing economies in Southeast Asia.
