return icon

Vietnam suggests stronger connectivity in East Asia, restraint on East Sea

Vietnamese foreign minister called on relevant sides to enhance trust and to not militarise but exercise restraint in the East Sea.

Deputy Prime Minister and Foreign Minister Pham Bình Minh led the Vietnamese delegation at the East Asia Summit held on August 2 as part of the 52nd ASEAN Foreign Ministers' Meeting in Bangkok, Thailand. 


Deputy Prime Minister and Foreign Minister Phạm Bình Minh on August 2 suggested participating countries of the East Asia Summit (EAS) enhance their maritime cooperation and connectivity.

Addressing the 9th EAS Foreign Ministers’ Meeting in Bangkok, Minh shared other ministers’ views on the important role and position of the EAS in the regional architecture, especially given the complex and unforeseeable developments in the region.

The official expressed his backing for efforts to intensify the role of the EAS Chair – Thailand, which also holds the Chairmanship of the Association of Southeast Asian Nations (ASEAN), ASEAN+3 and the ASEAN Regional Forum, and strengthen connectivity and support between these mechanisms.

Regarding the situation in the East Sea (internationally known as the South China Sea), following the concerns expressed by the EAS countries at the meeting, Minh pointed out unilateral activities that have violated sovereignty and legal interests of littoral countries.

He reiterated that Viet Nam has sufficient historical and legal foundations over Hoàng Sa (Paracel) and Trường Sa (Spratly) archipelagos, stressing ASEAN’s stance and principles on the East Sea.

He called on relevant sides to enhance trust, to not militarise but exercise restraint and take no actions that complicate the situation and intensify tensions, to not use or threaten to use force but seriously observe international law and the 1982 United Nations Convention on the Law of the Sea (1982 UNCLOS), implement the Declaration on the Conduct of Parties in the East Sea, and build an effective, efficient Code of Conduct in the East Sea in conformity with international law.

At the meeting, EAS countries agreed to step up result-oriented cooperation in priority areas in the Manila Action Plan for the 2018-2022 period, covering environment-energy, education, finance, healthcare-diseases, disaster management, connectivity, economy-trade, food security and maritime cooperation.

They also consented to submit declarations on combating drug trafficking and transnational crime, and on connectivity to the 14th EAS slated for late 2019.

The ministers took note of recent positive developments on the Korean Peninsula, including US-Democratic People’s Republic of Korea (DPRK) summits held in Singapore, Viet Nam’s Hanoi, and Panmunjom in the last two years.

They supported efforts to resume negotiations, step up diplomatic activities and dialogues to seek long-term solutions for the goal of complete, verifiable and irreversible denuclearisation, for sustainable peace on the peninsula.

The EAS countries committed to seriously abide by relevant resolutions of the United Nations Security Council.

Many expressed their grave concerns over the recent developments in the East Sea, including the moves of militarising the area and the activities that threaten legal economic activities of coastal states, erode trust, stir up tensions and negatively affect regional peace and stability.

They reaffirmed the significance of the maintenance of peace, security, stability, safety and freedom of navigation and overflight in the East Sea, non-militarisation, no actions that complicate the situation and unilaterally change the status quo, and handling disputes peacefully in line with international law, especially the 1982 UNCLOS.

All sovereignty claims must be based on international law, they said, expressing their disapproval of coercive deeds to claim sovereignty in the East Sea. 


Re cakes: Phan Thiet’s specialty sweet treat

Re cake, a specialty of Phan Thiet City, Binh Thuan Province, tastes so delicious that no visitor can resist it.

A new move for open market operations

The State Bank of Vietnam (SBV) has recently made a new move regarding open market operations (OMO). Valuable papers are purchased at a competitive interest rate, instead of a fixed rate as before.

An insight into Vietnam’s indebtedness

National debt, or foreign debt, when reaching an excessive level, often leads to an economic crisis.

Nguyen eyes bigger competition after ASEAN Para Games wins

Tran Van Nguyen stands only 1.27m and has short arms and legs. But he has dominated the top podiums of many competitions.

Vietnam to have national marine spatial plan by 2030

A national marine spatial master plan is being developed, aiming to fuel the sustainable development of marine economic clusters and establish sea-based economic hubs by 2030.

Digital business lines developing well

Major tech companies are looking to expand in Vietnam, on the back of strong hardware export and IT figures for the country's telecom industry so far this year.

Vietnam targets launch of modern digital finance platform by 2025

Minister of Finance Ho Duc Phoc has signed a decision promulgating the Ministry of Finance's digital transformation plan to 2025, with vision to 2030.

Vietnam, Southeast Asia find ways to rise amid difficulties

Vietnam and the Southeast Asian region have managed to maintain economic stability and growth despite COVID-19 and the Russia-Ukraine conflict, according to experts.

CPI method of calculation is correct: economist

“Someone told me they had a feeling that the CPI is not correct. I asked them on what grounds. Scientifically, that cannot be proven,” said economist Vo Tri Thanh.

Real estate market is gaining balance: ministry

The real estate market of Vietnam showed signs of recovery and more balanced development in the second quarter of this year with increases in the number of successful transactions of apartments, houses and land.

What’s the future for the southeastern region?

Tran Dinh Thien, a respected economist, believes that if Vietnam can exploit its potential, it will be a big player in the world’s energy map in the future.

Experts warn of hot growth, oversupply of resort real estate

The massive development of resort real estate has led to an oversupply in the market.

Resorts infringing Phu Quoc Marine Protected Area forced to dismantle

Owners of dozens of illegal constructions of resorts and bungalows infringing Phu Quoc Marine Protected Area in Phu Quoc island in the Mekong Delta Province of Kien Giang will be forced to dismantle.

U.S. recommends adding birthplace info to Vietnam’s new passport

The U.S. is still reviewing Vietnam’s new passport and has asked visa applicants to submit their birthplace information.