US Secretary of State's Vietnam visit to heighten partnership
U.S. Secretary of State Antony Blinken landed in Hanoi on Friday evening, beginning his three-day official visit to Vietnam.
The visit aims to take the two countries’ partnership to the next level, and will build on the momentum of President Joe Biden’s call with Party General Secretary Nguyen Phu Trong late last month, said Assistant Secretary for the Bureau of East Asian & Pacific Affairs Daniel Kritenbrink.
The trip is made at the invitation of Vietnamese Minister of Foreign Affairs Bui Thanh Son, as the two countries are celebrating the 10th anniversary of their Comprehensive Partnership.
The US diplomat is scheduled to hold official talks with Minister Son, and later have meetings with Party General Secretary Nguyen Phu Trong and Prime Minister Pham Minh Chinh in Hanoi on Saturday.
Blinken will also attend the ground-breaking ceremony for the construction of the new US Embassy campus worth $1.2 billion on Pham Van Bach street, Cau Giay district, Hanoi.
This is Blinken's first visit to Vietnam as a Secretary of State. He had already visited the Southeast Asian country in 2015 and 2016 as Deputy Secretary of State under the Obama administration.
"Vietnam is one of the United States’ most important partners in the region," said Kritenbrink during a press briefing via teleconference ahead of Blinken’s trip to Vietnam.
Kritenbrink served as U.S. Ambassador to Vietnam for the 2017-2021 term.
The U.S. Embassy in Hanoi announced on Tuesday: "The Secretary will meet with senior Vietnamese officials to discuss our shared vision of a connected, prosperous, peaceful, and resilient Indo-Pacific region."
The U.S. is Vietnam’s biggest export market and one of the top foreign investors in the Southeast Asian country, Gregory Testerman, chairman of AmCham Vietnam in Ho Chi Minh City, told The Investor in a recent interview.
Many major U.S. multinational companies are expanding their footprints in Vietnam. From March 21-23, the largest ever U.S. business mission with 52 corporations visited Vietnam to sound out business opportunities. U.S. Trade Representative Katherine Tai also paid a three-day visit to Vietnam in February to further cement bilateral trade and investment.
Meanwhile, Vietnamese companies are building their presence in the U.S. as well, Kritenbrink said during the teleconference, adding that Vietnam has become a key link in the global supply chain.
He stressed the broad-based, future-oriented nature of the partnership – including other aspects like healthcare issues, human rights, people-to-people ties, and education – that would benefit both countries and peoples.
On efforts to upgrade diplomatic ties to a strategic partnership, Kritenbrink stressed that “whatever label or bumper sticker you want to put on the relationship, there’s no doubt that this partnership we’ve built with Vietnam is robust, it’s incredibly diverse and broad-ranging.”
He said he believed that the U.S. State Secretary’s trip will advance the partnership and strengthen and deepen it, as did U.S. President Joe Biden during a recent phone call with Vietnamese General Secretary Nguyen Phu Trong.
- Read More
Vietsovpetro to invest $28 mln to further exploit White Tiger oil field
Vietnam-Russia joint venture Vietsovpetro plans to invest $28 million in further exploitation of the Bach Ho (White Tiger) oil field in Block 09-1 offshore Vietnam.
Energy - Mon, May 6, 2024 | 5:41 pm GMT+7
Japan retailer Aeon sees Vietnam operating revenue rise 15% in fiscal year 2023
Japanese retailer Aeon earned operating revenues of JPY15,263 million ($99.3 million) in Vietnam for fiscal year 2023 ending February 2024, up 14.9% year-on-year.
Companies - Mon, May 6, 2024 | 5:08 pm GMT+7
Binh Dinh province to build more industrial parks, clusters
Vietnam's south-central province of Binh Dinh is calling for investment in industrial parks and clusters and improving infrastructure to lure investors, especially those using clean and advanced technology.
Infrastructure - Mon, May 6, 2024 | 4:44 pm GMT+7
Site clearance set deadline for $2 bln northern Vietnam LNG power plant
Investors and Thai Binh authorities have been urged to complete site clearance for the $2 billion,1.5 GW LNG-to-power plant in the northern province by January 2025.
Energy - Mon, May 6, 2024 | 4:08 pm GMT+7
Why some foreign tech giants scope out Vietnam but invest in other countries
The fact that some major tech giants visit Vietnam but invest in other countries is normal, said Deputy Minister of Planning and Investment Do Thanh Trung on Saturday.
Industries - Mon, May 6, 2024 | 11:18 am GMT+7
Petrovietnam eyes $2.5 bln LNG investment in Vietnam central province
State-owned oil and gas group Petrovietnam plans to invest $2.5 billion in LNG facilities in the central province of Ha Tinh, a Petrovietnam delegation led by chairman Le Manh Hung told Ha Tinh authorities on Sunday.
Energy - Mon, May 6, 2024 | 11:06 am GMT+7
Vietnam 'shrimp king' Minh Phu records 35% fall in Q1 profit
Minh Phu Seafood Corporation, Vietnam’s leading shrimp exporter, has reported pre-tax profits of VND24.8 billion ($975,800) in Q1/2024, down 35% year-on-year, despite higher revenues.
Companies - Mon, May 6, 2024 | 8:38 am GMT+7
New trading system KRX 'not criterion for Vietnam stock market status upgrade'
The new trading system KRX is not a condition required by rating agencies FTSE Russell and MSCI to approve a status upgrade for the Vietnamese stock market, said director of a securities firm.
Finance - Sun, May 5, 2024 | 10:28 pm GMT+7
Poor business results cast shadow over Vietnam real estate developers
A slew of Vietnamese property developers have reported poor business performance in the first months of this year despite signs of recovery in the real estate market.
Real Estate - Sun, May 5, 2024 | 2:00 pm GMT+7
Thailand’s rice exports increase in both numbers, value
Thailand exported 2.46 tonnes of rice in the first quarter of this year, up 19.4% from the same period last year, according to Charoen Laothamatas, president of the Thai Rice Exporters Association.
Southeast Asia - Sun, May 5, 2024 | 1:51 pm GMT+7
Indonesia to grow 2 million hectares of sugarcane for bio-ethanol fuel development
The Indonesian government is implementing preferential policies to develop bio-ethanol fuel in the future, reduce dependence on fossil fuels and protect the environment.
Southeast Asia - Sun, May 5, 2024 | 1:50 pm GMT+7
Rail route connects China, Laos, Thailand, Malaysia
The first China - Laos - Thailand - Malaysia express freight train recently departed from Chengdu, the capital of China’s southwestern Sichuan province, marking a significant milestone in regional trade connectivity.
Southeast Asia - Sun, May 5, 2024 | 1:49 pm GMT+7
Indonesia to launch pilot project on hydrogen-fueled vehicles
Indonesia’s directorate general of New Renewable Energy and Energy Conservation has announced a plan of hydrogen use trials for the operation of buses, trucks, and other heavy-duty vehicles.
Southeast Asia - Sun, May 5, 2024 | 1:48 pm GMT+7
Denmark jewelry maker Pandora to start building Vietnam factory this month
Denmark’s Pandora, the world’s largest jewelry brand by revenue, will begin constructing a $150-million factory in the southern province of Binh Duong on May 16.
Industries - Sun, May 5, 2024 | 10:17 am GMT+7
Vietnamese ministry warns public about online stock market investment scams
Posing as securities experts, several scammers are enticing people to join closed groups on social networks, access web links or install apps for stock investment, the Ministry of Public Security (MPS) warned.
Finance - Sun, May 5, 2024 | 9:27 am GMT+7
Bac Giang province Party chief arrested for abusing power
Duong Van Thai, Secretary of Bac Giang province's Party Committee, has been detained for abusing his positions and power while on duty.
Politics - Sun, May 5, 2024 | 8:07 am GMT+7