Daily Archives: March 17, 2018

US considers exempting more countries from metal tariffs

President Donald Trump is negotiating with a number of countries over the possibility of providing exemptions to new US tariffs on steel and aluminum imports, the White House said on Friday.

Steel and aluminum users that depend on imported products not available from US producers may have to wait up to 90 days for an exclusion from the Trump administration’s new metals tariffs, according to a Commerce Department document.

Trump imposed tariffs of 25 percent on imports of steel and 10 percent for aluminum last week, but the tariffs will not go into effect until next Friday. While only Canada and Mexico are currently exempted from the tariffs, the White House has said other countries could also seek exemptions.

Source: VOV5

Russian FM to visit Vietnam

Russian Foreign Minister Sergey Lavrov will visit Vietnam next Monday and Tuesday to discuss ways to strengthen bilateral ties, particularly preparations for Russia Year in Vietnam and Vietnam Year in Russia in 2019.

Minister Lavrov told reporters on this occasion that both countries are enjoying fruitful trade ties, which will grow stronger in the coming years. Two-way trade hit a record 5.3 billion USD last year, he said, adding that direct contacts between Vietnamese and Russian producers and businesspeople should be further encouraged.

Regarding Russia’s role in regional institutions like ASEAN, ARF, and APEC, Mr Lavrov noted that Russia is working with its friends including Vietnam and other ASEAN nations and their partners to ensure stable and sustainable security, cooperation and development. He said Russia is appreciative of ASEAN’s central role in fostering dialogue on this issue.

Source: VOV5

Chinese President Xi Jinping reelected for second term

Chinese President Xi Jinping was reelected for a second five-year tenure on Saturday by China’s National People’s Congress.

Mr. Xi’s second term will run until 2023. Mr. Li Zhan Shu was elected chairman of the National People’s Congress.

The same day, Chinese law makers approved a major cabinet reshuffling plan as part of an effort to improve the government’s apparatus.

Source: VOV5

European powers propose new sanctions on Iran

Britain, France and Germany have proposed fresh EU sanctions on Iran over its ballistic missiles and its role in Syria’s war, in a bid to persuade Washington to preserve the 2015 nuclear deal with Tehran.

The joint paper was sent to European Union capitals on Friday to sound out support for such sanctions as they would need the support of all 28 EU member governments.

The proposal is part of an EU strategy to save the accord signed by world powers that curbs Tehran’s ability to develop nuclear weapons, namely by showing US President Donald Trump that there are other ways to counter Iranian power abroad.

Source: VOV5

Ban flower festival 2018 promotes tourism, folk culture

The Ban (bauhinia) flower festival 2018 in the northern province of Dien Bien is attracting large crowds with sports competitions, tourism products, and folk culture.

Visitors can participate in folk games including throwing a sacred ball through a ring, blind man’s buff, and pushing each other with a stick.

Lo Thi Mai, who lives in Dien Bien Phu city, said: I go to the ban flower festival every year. I find it lot of fun. I hope Dien Bien province will become more developed and attract more visitors.

The festival features 75 booths highlighting tourism products and culture of localities across Vietnam. Ngo The Hieu, director of Bac Ninh province’s tourism promotion center, said: We introduce visitors to ‘quan ho’ folk duet performances and Dong Ho folk paintings to promote Bac Ninh’s tourism potential.

The festival officially opens on Saturday night with an art show and a fireworks display � also a highlight of the 3-day event.

Source: VOV5

Australian businesses optimistic about Vietnam

Prime Minister Nguyen Xuan Phuc will deliver speeches at a special summit in Sydney on Sunday which aims to promote connectivity and cooperation in economics and anti-terrorism between ASEAN and Australia.

Mr. Phuc and other ASEAN leaders were welcomed on Saturday by Australian Prime Minister Malcolm Turnbull.

Meeting his Lao counterpart Thongloun Sisoulith on the sidelines of the Summit, Prime Minister Phuc urged the Lao administration to simplify procedures, reduce the fees for work permit cards, visas, and residence cards for Vietnamese guest workers, and facilitate the establishment of overseas Vietnamese associations. Prime Minister Sisoulith promised to work closely with Vietnam and other Mekong sub-region countries to realize their economic cooperation plans.

Earlier, Mr. Phuc had a working session with major Australian entrepreneurs, who lauded Vietnam’s effort to improve its investment environment and promote business connectivity. They said they are optimistic about Vietnam as the country boasts political and social stability, a large population, increasing foreign direct investment, and is likely to become a transit place and production center of ASEAN. The Prime Minister welcomed Australian investors in Vietnam and reiterated the government’s commitments to maintain macro-economic stability, ensure the rule of law, and improve institutions and state governance for rapid and sustainable growth.

Source: VOV5