Vietnam and Laos: A Partnership for Mutual Growth and Development – September 9

Today (Sep. 9) marks a day of important news from Vietnam, Laos, South Korea, and the Netherlands. A Lao scholar has discussed the mutual development of Vietnam and Laos, Vietnam experienced an unusually long spell of rain, the foreign minister hosted the Dutch Ambassador to Vietnam, and Vietnam has been listed as a key destination for South Korean firms.

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Vietnam News Today (September 9): Notable Headlines

Vietnam and Laos are collaborating closely for their mutual development, according to a prominent Lao scholar.

A prolonged period of rain is currently sweeping through Vietnam.





Date:

April 7, 2022

Summary:

The Foreign Minister of Vietnam recently hosted the Dutch Ambassador to Vietnam for a meeting to discuss bilateral relations between the two countries. During the meeting, both parties expressed their commitment to strengthening ties in various areas such as trade, investment, and tourism.

Details:

The meeting between the Vietnamese Foreign Minister and the Dutch Ambassador was held at the Ministry of Foreign Affairs in Hanoi. The two officials discussed ways to enhance cooperation in trade and investment, with a focus on sectors such as agriculture, renewable energy, and water management.

They also exchanged views on promoting tourism between Vietnam and the Netherlands, and explored opportunities for cultural and educational exchanges. The Dutch Ambassador expressed his appreciation for Vietnam’s recent economic growth and pledged to support further collaboration between the two countries.

This meeting is part of ongoing efforts to strengthen the relationship between Vietnam and the Netherlands, which have enjoyed significant growth in trade and investment in recent years. The Vietnamese Foreign Minister expressed his gratitude to the Dutch Ambassador for his visit and expressed his commitment to deepening the partnership between the two nations.

Both parties agreed to continue working together to identify new areas of cooperation and to explore opportunities for joint projects and initiatives. They also emphasized the importance of maintaining open lines of communication and regular high-level meetings to ensure the successful implementation of their shared goals.

The Dutch Ambassador’s visit to Vietnam reflects the positive and productive relationship between the two countries and highlights the potential for further collaboration in the future.




Vietnam is gaining popularity among South Korean companies as a key destination for future expansion, according to a recent report. The report highlights Vietnam’s strong economic growth, young workforce, and improving business environment as key reasons why South Korean firms are looking to invest in the country.

The report also mentions Vietnam’s strategic location in Southeast Asia, which offers access to a large consumer market and opportunities for trade and investment.

South Korean companies are particularly interested in sectors such as manufacturing, information technology, and renewable energy in Vietnam. These sectors align well with Vietnam’s focus on industrial development and sustainable growth.

Several South Korean companies have already established a presence in Vietnam, including Samsung, LG, and Lotte. More companies are expected to follow suit in the coming years, driven by the potential for high returns and favorable business conditions.

A concert was organized with the aim of promoting cultural and art exchange between Vietnam and the United Kingdom.






Leading Export Market for Vietnamese Goods

US Remains the Leading Export Market for Vietnamese Goods

According to recent data, the United States continues to hold the top position as the largest export market for Vietnamese goods. This is a significant achievement for Vietnam’s economy, as the US market provides valuable opportunities for growth and trade.

Exports from Vietnam to the US have steadily increased over the years, thanks to favorable trade agreements and strong bilateral relations between the two countries. Vietnamese products, such as electronics, textiles, and agricultural goods, have gained popularity among American consumers.

The US market offers Vietnamese exporters a wide range of benefits, including access to a large consumer base, high purchasing power, and a strong demand for quality products. Furthermore, the US has a well-developed infrastructure and efficient distribution networks, making it easier for Vietnamese businesses to export their goods.

In order to maintain and further expand its position in the US market, Vietnam continues to invest in improving the quality and competitiveness of its products, as well as developing a strong marketing and distribution strategy. This includes implementing strict quality control measures, adhering to international standards, and building strong partnerships with US companies.

Overall, the US market remains a key destination for Vietnamese goods, and the continued success in this market is crucial for Vietnam’s economic growth and development.


According to FTSE Russell, Vietnam’s stock market stands out as a promising player in the Asian region.

Biden’s Visit to Vietnam Provides Prospects for Enhanced Cooperation

The Canadian consumer market offers significant potential for Vietnamese goods.

President Vo Van Thuong holds talks with General Secretary and President of Laos Thongloun Sisoulith in April 2023 (Photo: VNA)
President Vo Van Thuong holds talks with General Secretary and President of Laos Thongloun Sisoulith in April 2023 (Photo: VNA)

Lao Scholar Highlights Mutual Development of Vietnam and Laos

According to Prof. Dr. Boviengkham Vongdara, the President of the Laos-Vietnam Friendship Association, the Parties, States, and citizens of Laos and Vietnam have consistently supported each other through both triumphs and challenges. This unwavering solidarity has been evident throughout periods of conflict as well as in the pursuit of national defense, infrastructure, and progress.

During an interview with the Vietnam News Agency in Laos, Vongdara highlighted the enduring friendship, special solidarity, and comprehensive cooperation between Vietnam and Laos on the occasion of the 61st anniversary of diplomatic ties (September 5, 1962 – 2023). This strong bond between the two countries has persisted for many decades and is continuing to strengthen.

According to him, the strong connection between the two countries can be attributed to the shared roots of the Communist Party of Vietnam (CPV) and the Lao People’s Revolutionary Party (LPRP), both of which originated from the Indochinese Communist Party.

Since 1945, under the leadership of the Indochinese Communist Party, and subsequently the Communist Party of Vietnam (CPV) and the Lao People’s Revolutionary Party (LPRP), both nations have consistently nurtured a strong, unwavering, and genuine bond based on fraternal camaraderie.

During the comprehensive renewal period in the mid-1980s, the two countries diligently collaborated to safeguard and enhance their longstanding friendship, exceptional solidarity, and extensive cooperation, as asserted by him.

In recent years, Vietnam has remained a steadfast supporter of Laos in its socio-economic development endeavors. It has consistently ranked among the top three investors in Laos. Two-way trade between the two countries has consistently seen growth, playing a significant role in driving socio-economic advancement in both nations. This information was reported by the Vietnam News Agency (VNA).

The Vietnam-Laos and Laos-Vietnam friendship associations have effectively fulfilled their mission of advancing people-to-people diplomacy. They have played a crucial role in promoting the deep-rooted friendship between Laos and Vietnam. The close collaboration and coordinated efforts between the two associations have significantly contributed to enhancing mutual understanding and fostering unity among the Vietnamese and Lao people.

He emphasized the importance of deepening the friendship, special solidarity, and comprehensive cooperation between the two nations. This includes enhancing political ideology education for individuals from all backgrounds, particularly the younger generation, to foster a greater understanding of the shared heritage and exceptional bond between Vietnam and Laos. By doing so, we can continue cultivating and advancing this unique relationship.

It is important for Laos and Vietnam to maintain their strong coordination and mutual support in various multilateral forums, particularly within the ASEAN community.

Vietnam Experiences Prolonged Rainfall Spell

According to the National Center for Hydrometeorological Forecasting, there are predictions of moderate to heavy rains in various areas across the country in the upcoming days. This will provide relief from the intense heat, particularly in the northern region.

From September 7 to 12, the northern localities are expected to experience heavy rain, strong whirlwinds, and lightning in the afternoon and evening.

According to VOV, the prolonged rainfall is expected to cause a significant drop in temperatures, ranging from 25 to 27 degrees Celsius. However, there are still some areas where high temperatures of 33 to 35 degrees Celsius persist.

Photo: VOV
Photo: VOV

Weather forecast for Provinces from Thanh Hoa to Thua Thien Hue:
During the daytime, these provinces can expect hot weather. In the evening and at night, there will be showers and thunderstorms in certain areas, with a possibility of whirlwinds, lightning, hail, and gusts.

There are showers and thunderstorms anticipated in the afternoon and evening for the Central Highlands region.

From September 9 to 12, the southern region can expect significant rainfall ranging from 10mm to 30mm, with some areas experiencing up to 50mm. Showers and thunderstorms may occur in the evenings and nights, accompanied by whirlwinds, lightning, hail, and gusty winds.

Vietnam’s Foreign Minister Welcomes Dutch Ambassador

The Minister of Foreign Affairs, Bui Thanh Son, cordially received the Dutch Ambassador to Vietnam, Kees van Baar, at a reception held in Hanoi on September 7th.

During the meeting, Foreign Minister Bui Thanh Son expressed his satisfaction with the significant progress made in the Vietnam-Netherlands Comprehensive Partnership. He also welcomed the active engagement of both nations in various meaningful initiatives to commemorate the 50th anniversary of diplomatic relations (1973-2023). These efforts have greatly contributed to the promotion of exchanges and mutual understanding between Vietnam and the Netherlands.

According to NDO, the Foreign Minister also commended the ambassador for their proactive efforts in organizing significant visits and events, which have effectively strengthened bilateral relations.

Minister of Foreign Affairs Bui Thanh Son receives Dutch Ambassador to Vietnam Kees van Baar.
Minister of Foreign Affairs Bui Thanh Son receives Dutch Ambassador to Vietnam Kees van Baar.

The diplomat recommended that the promotion of exchange visits should be continued at all levels. This includes ensuring the successful execution of bilateral cooperation mechanisms and collaborating with Vietnamese partners to further enhance the strategic partnerships in climate adaptation, water management, sustainable agriculture, and food security. This can be achieved through the implementation of practical projects and programs that are tailored to the specific context and needs.

The minister additionally put forth a proposal for the two parties to effectively implement high-level agreements and foster strong collaboration in areas including politics, diplomacy, trade, and investment. Furthermore, efforts should be intensified in sectors where the Netherlands excels and aligns with Vietnam’s requirements, such as circular economy, high technology, and renewable energy.

Ambassador Kees van Baar expressed his gratitude to the minister and the relevant Vietnamese agencies for their support in promoting bilateral relations between Vietnam and the Netherlands across different sectors.

The Netherlands has affirmed its commitment to a comprehensive partnership with Vietnam based on strong political relations and close cooperation at multilateral forums. The country supports high-level exchanges and the expansion of cooperation in key areas such as hi-tech, climate change adaptation, water management, and sustainable agriculture.

Joint Statement on Global and Regional Issues

During the recent meeting, the two parties expressed their utmost support for peace, cooperation, and development on a global and regional scale. They emphasized the importance of settling disputes and conflicts through peaceful means, in accordance with the United Nations Charter and international law.

RoK Firms to Look to Vietnam as a Key Future Destination

According to a recent survey, Vietnam is increasingly becoming a strategic destination for enterprises from the Republic of Korea (RoK) in their future business strategies.

The Korea International Trade Association (KITA) recently conducted a survey of 906 conglomerates and companies to gauge foreign business demand. The survey, which ran from August 10 to 30, revealed that the United States ranked highest in terms of business operations for Korean companies abroad. Interestingly, the survey also indicated a noticeable shift away from China and Japan towards emerging markets like Vietnam and India as preferential destinations for Korean businesses.

At RoK-funded Youngbag Vietnam company in the Binh Xuyen Industrial Park, Vinh Phuc province. (Photo: VNA)
At RoK-funded Youngbag Vietnam company in the Binh Xuyen Industrial Park, Vinh Phuc province. (Photo: VNA)

According to our latest analysis, the United States emerged as the leading choice for future business destinations, garnering a substantial 22.9% of the votes. Vietnam followed closely behind with 8.7%, while India secured a 7.3% share. China and Japan also featured prominently, with 7.0% and 5.2% respectively. Germany, Indonesia, and Saudi Arabia rounded off the list, each receiving 4.1%, 3.8%, and 3.1% of the votes respectively. These findings suggest a strong interest in these countries as potential hubs for future business endeavors.

According to a survey, companies with strong export capabilities are looking towards India as their prospective business destination. On the other hand, medium-sized export performers are opting for Vietnam and China, as reported by VNA.

According to our findings, companies with export capabilities exceeding US$10 million have ranked their top future business destinations as follows:

1. The United States – 27.3%
2. India – 8.4%
3. Vietnam – 8.2%
4. Japan – 5.1%
5. China – 4.5%

For businesses exporting goods worth less than US$10 million, the top destinations were the United States with 20.5% of the market share, followed by Vietnam with 9.6%, China with 9.1%, and India with 7.1%.

Vietnamese and British Cultures Come Together in Music Exchange Concert

On September 7, the Vietnam-UK Network (VUKN) hosted a prestigious concert in London to commemorate the network’s 10th anniversary since its establishment, as well as the significant milestone of 50 years of Vietnam-UK diplomatic relations.

The event, which saw the participation of approximately 400 attendees, was organized with the goal of raising funds for three esteemed British charities working in Vietnam. These charities include The Christina Noble Children’s Foundation, Facing the World, and Saigon Children’s Charity.

The concert showcased a talented and renowned ensemble of Vietnamese and international artists. Esteemed pianists Tra Nguyen, Tomasz Lis, and Shu-Wei Tseng, along with violinists Stephane Tran Ngoc, Maryna Raievska, Abigail Dance, and Phuong Hoang Linh Nguyen, mesmerized the audience with exquisite performances of acclaimed compositions by British, Vietnamese, and global composers, as reported by VOV.

The concert features famous Vietnamese and international artists.
The concert features famous Vietnamese and international artists.

According to Mark Kent, the Chairman of VUKN and former British Ambassador to Vietnam, the inclusion of renowned Vietnamese artists in performances at the prestigious Royal College of Music in London serves as a significant tribute to the Vietnam-UK relationship. Additionally, such collaborative endeavors contribute to the promotion and recognition of the vital role played by cultural exchange between the two nations.

The Vietnamese Ambassador to the UK, Nguyen Hoang Long, commended the VUKN for successfully hosting a significant event to commemorate two momentous occasions: the 10-year anniversary of the network’s establishment and the 50-year anniversary of Vietnam-UK diplomatic relations. The Ambassador proudly highlighted the thriving state of the Vietnam-UK strategic partnership, particularly noting that people-to-people and cultural exchanges, facilitated by organizations like VUKN, play a pivotal role in fostering this warm relationship.

During the event, Senator Richard Gilbey, Vice Chairman of the All-Party Parliamentary Group for Vietnam, emphasized the significance of the network in fostering the bilateral relationship.

The collaborative efforts between the two nations extend beyond formal agreements at the government level. Enabled by the network, civil servants, business professionals, scholars, and cultural practitioners are interconnected, fostering an environment conducive to collaboration in various sectors such as education, trade, and culture. These initiatives greatly enhance the bilateral relationship and make a significant impact.

Founded in 2013, VUKN is a non-governmental organization that focuses on strengthening bilateral relations and fostering a greater understanding between two countries. With a particular emphasis on the economic, cultural, and social spheres, our organization strives to promote meaningful connections and cooperation.

Rosie Nguyen