Politics

☀ Morning digest on July 12

The following is a list of selected news summaries last night by the Vietnam News Agency.
☀ Morning digest on July 12 ảnh 1

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

– President Nguyen Xuan Phuc hosted receptionsin Hanoi on July 12 for outgoing ambassadors of the Netherlands and Switzerlandto Vietnam. Receiving Dutch Ambassador Elsbeth Akkermann, Phuc hailedher important contributions to strengthening the bilateral ComprehensivePartnership. The Netherlands is a leading trade partner and the biggest EUinvestor in Vietnam.Read full story

– President Nguyen Xuan Phuc chaired a meetingwith the Party delegation to the Supreme People’s Court (SPC) in Hanoi on July12 to discuss a strategy for building and completing a law-governed socialistState of Vietnam by 2030, with a vision to 2045.

To help carry out thisproject, the SPC’s Party delegation has implemented a plan on judicial reformsat people’s courts by 2030, with a vision to 2045, to meet requirements duringthe building and completion of a law-governed socialist State of Vietnam. Read full story

– National Assembly Chairman Vuong Dinh Hue haspledged to create conditions for the northern midland province of Phu Tho toturn its Viet Tri city, the land associated with Hung Kings – legendaryfounders of the nation – into a festive city.

At a working session withrepresentatives of the Standing Board of the provincial Party Committee in VietTri on July 12, the leader affirmed that resources will be prioritised to theHung Kings Temple national historical relic site, and promised to facilitate localsocio-economic development. Read full story

– The third meeting of the Asia-PacificEconomic Cooperation (APEC) Business Advisory Council (ABAC) is scheduled totake place in Ha Long in the northern province of Quang Ninh from July 26 to 29.

Themed “Embrace. Engage, Enable”, the meeting is set to see the face-to-faceand virtual participation of nearly 200 delegates from the 21 APEC membereconomies, including official and alternate ABAC members, APEC seniorofficials, along with some guests and researchers. Read full story

– Minister of Industry and Trade Nguyen HongDien and EU Commissioner for Agriculture Janusz Wojciechowski have affirmed theneed to step up economic and trade ties, especially amid complicated marketuncertainties making it urgent to guarantee sustainable supply chains and foodsecurity.

At a recent meeting in Hanoi, Dien applauded the EU - Vietnam FreeTrade Agreement (EVFTA)’s positive effects onpromoting bilateral trade, including the fast growth of Vietnam’sagro-forestry-fishery exports to the EU. Read full story

– In an article posted on July 12, The BusinessTimes of Singapore cited some economists' opinions that said Vietnam’s economyis back on track for a strong recovery this year. John Paul Lech,portfolio manager at Matthews Asia, said Vietnam is a frontier market star.While frontier markets are generally smaller, less liquid and have limitedforeign investor access, it has bucked the trend. For the first sixmonths of 2022, foreign direct investment (FDI) into Vietnam grew by nearly 9%to 10.1 billion USD. Read full story

– The Vietnamese National Assembly and its Laocounterpart exchanged professional experience during a seminar in Hanoi on July12. The event was co-chaired by Vietnam’s NA Vice Chairman Nguyen DucHai and Vice Chairman of the Lao NA Sommad Pholsena.

In his openingremarks, Hai emphasised the significance of the year 2022 when Vietnam and Laosmark the 60th anniversary of their diplomatic ties and 45 years of the signingof the Vietnam-Laos Treaty of Amity and Cooperation. Read full story

– The State Bank of Vietnam (SBV) has beenworking to regulate liquidity in order to stabilise the monetary market givenglobal economic uncertainties and geopolitical tensions, and control inflationand stand ready to ensure capital for economic recovery and development, itsDeputy Governor Dao Minh Tu said on July 12.

Speaking at a quarterlymeeting of the National Financial and Monetary Policy Advisory Council inHanoi, the official noted that gross domestic product (GDP) in the first halfof this year rose 6.42 percent year-on-year, and attributed the economicrecovery to the vaccination rollout.Read full story/.

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