Vietnam reassures European investors despite East Sea tension

The Vietnamese government will assist European investors in every possible way, a senior official has stated, amidst fears that the ongoing tension in the East Sea will exert negative influence on bilateral trade.
The Vietnamese government will assist European investors in everypossible way, a senior official has stated, amidst fears that theongoing tension in the East Sea will exert negative influence onbilateral trade.

The tension erupted when Chinaillegally installed its oil rig Haiyang Shiyou – 981 and a large fleetof armed vessels, military ships and aircraft, in Vietnam’s continentalshelf and exclusive economic zone in early May, raising regional andglobal alarm.

Ever since, Chinese ships have continuouslyencircled, constrained and driven away Vietnamese fishing boats and eveninjured fishermen on board, threatening their lives, Deputy ForeignMinister Bui Thanh Son told attendees at a workshop in Brussels on June3.

He thanked the world community for speaking outagainst China, whose unilateral act has seriously violated the 1982United Nations Convention on the Law of the Sea and the Declaration onthe Conduct of Parties in the East Sea, to which it is a signatory.

The Vietnamese government and people insist on peaceful means tosettle the dispute, he said, voicing his hope that Vietnam and the EUwill reach a free trade agreement soon to facilitate their tradeactivity.

Parliamentarian Marc Tarabella, in charge of ASEANaffairs at the EU Parliament, made it clear that the EU will provide avoice of mediation in this issue, helping parties concerned reachconsensus via talks.

Delegates also gained a wider insightinto the ongoing developments in the East Sea area, including thedifferent legal aspects involved.

Speaking to a VietnamNews Agency reporter, Chairman of the Belgium – Vietnam Chamber ofCommerce and Industry Huynh Trang Long warned that if the tensioncontinues, not only Southeast Asia will suffer, but many other parts ofthe world as well.

As of June 3, the rig remained at 15degrees 33 minutes 36 seconds north latitude and 111 degrees 34 minutes11 seconds east longitude. The location is 25 nautical miles from TriTon island in Vietnam’s Hoang Sa archipelago, completely withinVietnam’s continental shelf.

A Chinese ship on May 26even sank a Vietnamese fishing vessel with 10 fishermen on board withinVietnam’s waters. The fishermen were rescued.-VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.