☀️ Morning digest August 6

The following is a list of selected news summaries reported last night by the Vietnam News Agency.

☀️ Morning digest August 6

Hanoi (VNA) - The following is a list of selected news summaries reported last night by the Vietnam News Agency.

- Developing the relations with China remains Vietnam’s consistent policy and strategic choice, and a top priority in its foreign policy of self-reliance, multilateralisation, and diversification, said National Assembly Chairman Tran Thanh Man on August 5.

The NA leader told Chinese Ambassador Xiong Bo in Hanoi as the latter came to say goodbye at the end of his tenure in the Southeast Asian nation. Read full story

- National Assembly (NA) Chairman Tran Thanh Man on August 5 received Ambassador of the Republic of Korea (RoK) to Vietnam Choi Young-sam who has started his term of office in Vietnam.

Man asked the ambassador to convey his thanks to Prime Minister Han Duck Soo - Special Envoy of the Korean President - for leading a Korean delegation to Vietnam to pay their respects to General Secretary Nguyen Phu Trong, which demonstrated the sincere sentiments of the Korean Government and people towards the Vietnamese Government and people and the late Party chief. Read full story

- Prime Minister Pham Minh Chinh on August 5 requested the continued implementation of a proactive, flexible, timely, effective monetary policy which has proven its efficiency in the past time.

Chairing a meeting on the monetary policy with leaders of the State Bank of Vietnam (SBV), the Ministry of Finance, the Ministry of Planning and Investment, and other ministries and agencies, PM Chinh said that from now until the end of the year, to achieve higher growth, the money supply must be ensured, particularly for traditional growth drivers, and then new drivers, together with measures to control bad debts. Read full story

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Costa Rican Minister of Foreign Trade Manuel Tovar hands over a diplomatic note to the Vietnamese Minister of Industry and Trade Nguyen Hong Dien affirming its recognition of Vietnam as a market economy. (Photo: vov.vn)

- Costa Rican Minister of Foreign Trade Manuel Tovar, empowered by the Costa Rican President, on August 5 announced and handed over a diplomatic note to the Vietnamese Ministry of Industry and Trade (MoIT) affirming its recognition of Vietnam as a market economy.

The move made Costa Rica the 73rd country in the world to recognise Vietnam's market economy status. Read full story

- The Vietnam Stock Exchange (VNX) and the Singapore Exchange (SGX Group) on August 5 signed a Memorandum of Understanding (MoU) on boosting their communication channels to promote their relations and serve the interests of the Vietnamese and Singaporean stock markets.

The MoU was signed under the witness of Vietnamese Minister of Finance Ho Duc Phoc, Vietnamese Ambassador to Singapore Mai Phuoc Dung and Singaporean Second Minister of Finance Chee Hong Tat during the visit to Singapore by a delegation of the Vietnamese Ministry of Finance. Read full story

- Vietnam’s industrial production has continued its rosy signs since late 2023, promising a bright prospect for the country in the time ahead, Deputy Minister of Industry and Trade Phan Thi Thang said at the Government’s regular press conference in Hanoi on August 5.

According to the official, Vietnam's Purchasing Managers' Index (PMI) in July 2024 reached 54.7 points, the highest since November 2018, with output increasing sharply thanks to increasing new orders for four consecutive months. Read full story

- Trinh Van Quyet, former Chairman of the Board of Directors of the real estate developer FLC Group JSC, on August 5 was sentenced to 21 years in prison for the charges of "fraudulent appropriation of property" and "stock market manipulation".

Of the total prison term, Quyet, 49, also former Chairman of the Bamboo Airways JSC, got 18 years for "fraudulent appropriation of property" and the remainder for "stock market manipulation" as decided by the Hanoi People’s Court. Read full story

- The Business Association in the northern province of Thai Binh on August 5 coordinated with the Dhaka Chamber of Commerce and Industry to organise a conference connecting Bangladeshi and Thai Binh businesses.

Besides representatives from the province, the association, the Vietnam Chamber of Commerce and Industry (VCCI), the Asia-Africa Market Department under the Ministry of Industry and Trade), 200 businesses from Bangladesh and Thai Binh province attended the conference. Read full story

- President of the Vietnam Academy of Science and Technology (VAST) Chau Van Minh and Lao Minister of Technology and Communications Boviengkham Vongdara on August 5 co-chaired the third bilateral meeting between the two agencies to discuss ways to promote their cooperation in the coming time.

At the meeting, the two sides updated each other on the implementation of cooperation contents regrading draft proposals on the project on building a data and communication centre on natural disasters (earthquake) for Laos and another on building a national centre for data storage and computing cloud in Laos that the two Governments mentioned in the minutes of the 46th Session of the Vietnam - Laos Intergovernmental Committee on Bilateral Cooperation in 2024./. Read full story

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The meeting between First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Díaz-Canel Bermúdez and the high-ranking delegation from the Vietnam People’s Army (VPA), led by General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence. (Photo: VNA)

Vietnam, Cuba strengthen defence ties

General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.

New Zealand Ambassador to Vietnam Caroline Beresford (Photo: VNA)

Vietnam–New Zealand: 50 years of growing partnership

For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.

Vietnam and New Zealand boast untapped potential to strengthen cooperation and bring their ties to a new high. (Photo: VNA)

Vietnam, New Zealand poised to elevate ties to new high: Professor

Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.

Production activities at the factory of the Italian-Asian Door Industry Company Limited in Tan Uyen city (Binh Duong). (Photo published by VNA)

📝OP-ED: Four pillars driving Vietnam’s rise: All benefit people

Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.

Nguyen Hoang Nguyen, Minister Counselor and Deputy Permanent Representative to the UN (Photo: VNA)

Vietnam pledges to promote gender equality at UN meeting

Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.

Vietnamese Ambassador to New Zealand Phan Minh Giang (left) and his spouse pose for a photo with New Zealand Minister of Foreign Affairs Winston Peters and Deputy Minister of Foreign Affairs Grahame Morton at the celebration ceremony. (Photo: VNA)

50 years of Vietnam-New Zealand diplomatic ties marked in Wellington

Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.

Illustrative image (Photo: VNA)

Lawmakers urge stronger incentives to boost railway sector

Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.

Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs (Photo: VNA)

Deputy Minister of Home Affairs suspended from duty

According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.

Prime Minister Pham Minh Chinh speaks at the national conference on the organisation of the high school graduation examination on June 18. (Photo: VNA)

Administrative restructuring must not disrupt high school graduation exam: PM

Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.