Politics

☕ Afternoon briefing on May 10

The following is a brief review of the day’s events as reported by the Vietnam News Agency.
☕ Afternoon briefing on May 10 ảnh 1

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency.

- PrimeMinister Pham Minh Chinh highlighted three core factors to ASEAN’scharacteristics, values, vitality and reputation, which are maintainingindependence and strategy self-reliance, turning itself into a growth epicenterand better adapting to external shocks in his remarks at the opening session ofthe 42nd ASEAN Summit in Labuan Bajo, Indonesia, on May 10 morning.

☕ Afternoon briefing on May 10 ảnh 2Prime Minister Pham Minh Chinh speaks at the opening session of the 42nd ASEAN Summit. (Photo: VNA) 

The Vietnamese leader emphasised thatstrengthening solidarity and unity should be the key task for an independent,self-resilient ASEAN. Read full story

- PrimeMinister Pham Minh Chinh and his Lao counterpart Sonexay Siphandone had ameeting on May 10 morning on the sidelines of the ongoing42nd ASEAN Summit inLabuan Bajo, Indonesia.

☕ Afternoon briefing on May 10 ảnh 3PM Pham Minh Chinh (right) meets with his Lao counterpart Sonexay Siphandone in Labuan Bajo, Indonesia, on May 10. (Photo: VNA)

PM Sonexay Siphandone expressed his delight atmeeting his Vietnamese counterpart again and highly valued the successfulvisits to Laos by Vietnamese President Vo Van Thuong and PM Chinh. Read full story

- PrimeMinister Pham Minh Chinh met with his Singaporean counterpart Lee Hsien Loongon the sidelines of the ongoing 42nd ASEAN Summit in Labuan Bajo, Indonesia, onMay 10.

☕ Afternoon briefing on May 10 ảnh 4Prime Minister Pham Minh Chinh (L) and his Singaporean counterpart Lee Hsien Loong. (Photo: VNA)

The leaders noted with pleasure the rapid andstrong developments of the relations between the two countries, and affirmedtheir resolve in realising commitments made during PM Chinh’s visit toSingapore in February, especially in economy, trade and investment. Read full story

- PrimeMinister Pham Minh Chinh met Sultan Haji Hassanal Bolkiah of Brunei Darussalamon May 10 on the sideline of the 42nd ASEAN Summit in Labuan Bajo, Indonesia.

☕ Afternoon briefing on May 10 ảnh 5Prime Minister Pham Minh Chinh (L) meets Sultan Haji Hassanal Bolkiah of Brunei Darussalam. (Photo: VNA)

At the meeting, the two leaders reached consensuson increasing high-level contact and discussions to facilitate theimplementation of the plan of action to roll out the Vietnam-Bruneicomprehensive partnership in 2023-2027. Read full story

- Moody’sInvestor Service has forecast that Vietnam’s forex reserves excluding gold willrebound to 95 billion USD by the end of the year as the State Bank of Vietnamrebuilds its stockpile.

Nishad Majumdar, a sovereign analyst in Singapore,held that the recent appreciation of VND, which reflects the improved externalposition, will give the central bank space to rebuild the forex buffers thatwere spent down during the USD’s rally last year. Read full story

- Amid thefluctuation of the global financial market, the exchange rate in Vietnam hasremained stable in the first four months of this year, and the Vietnam dong hasbeen considered one of the most stable currencies in Asia, according to experts.

Market analysis reports released by Mirae AssetSecurities Vietnam showed that in April, the USD/VND exchange rate dropped0.2% and the average exchange rate hovered around 23,500 VND/USD during themonth. The rate has remained stable throughout the January-April period. Read full story

- The indexof industrial production (IIP) in April was estimated to increase by 3.6% monthon month and by 0.5% over the same period last year, according to the General StatisticsOffice (GSO). 

However, the office also reported that IIP in thefirst four months of 2023 decreased by 1.8% year on year. The IIP growth in thefirst four months of 2022 was 7.8%.Read full story

- Vietnam’sdurian exports are expected to see a boom in the time ahead when the durianharvest season reaches its peak, according to the Ministry of Agriculture andRural Development.

☕ Afternoon briefing on May 10 ảnh 6Vietnam’s durian exports are expected to see a boom in the time ahead. (Photo: VNA)

In the first three months of this year when themain durian season had yet to come, export of the fruit still grew sharply,making up 16% of the country’s fruit and vegetable export revenue, the ministrysaid./.Read full story

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