Malaysia Invites China’s Xi to Visit, Ramps up Tourism Target

[ad_1] BEIJING (Reuters) – Malaysia has invited China’s President Xi Jingping to visit, its ambassador to Beijing said on Friday, as the Southeast Asian country also seeks to boost the number of Chinese tourists to five million a year to fuel economic growth. China and Malaysia will mark the 50th anniversary of their bilateral diplomatic … Read more

Vietnam Upgrades Ties With Japan to Highest Level

[ad_1] HANOI (Reuters) – Vietnam and Japan on Monday officially upgraded their relations to a “comprehensive strategic partnership” during a visit by Vietnamese president Vo Van Thuong to Tokyo. The move underlined Vietnam’s increasingly strategic role as an important link in global supply chains amid trade tension between China and the West, which is helping … Read more

G7, Vietnam Making Final Tweaks to Climate Plan Ahead of COP28

[ad_1] HANOI (Reuters) – Vietnam is finalising reform commitments with G7 governments and multilateral lenders that could unlock billions of dollars in loans to reduce coal use in the Southeast Asian manufacturing hub, according to foreign officials familiar with the talks. The document, known as Resource Mobilisation Plan, has to be agreed with investors ahead … Read more

Vietnam Set to Raise Effective Tax Rate on Multinationals as Part of Global Deal

[ad_1] HANOI (Reuters) – Vietnam’s parliament is set to approve on Wednesday a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a global agreement. Vietnam had initially planned to combine the approval of the tax with measures to partly compensate large foreign … Read more

China Pledges Deeper Trade Ties With Vietnam

[ad_1] BEIJING (Reuters) – Chinese Commerce Minister Wang Wentao pledged to deepen bilateral trade ties with Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho Chi Minh City on Saturday, China’s commerce ministry said. Wang said China-Vietnam trade cooperation had already achieved “fruitful results” and would include strategic areas such as … Read more

Vietnam President to Visit Japan as Countries Discuss Stronger Ties

[ad_1] HANOI (Reuters) – Vietnam’s president, Vo Van Thuong, will visit Japan next week, a Vietnamese foreign ministry spokesperson said on Thursday, as the two countries discuss strengthening their relations. Closer ties would confirm Vietnam’s increasingly strategic role as an important link in global supply chains amid trade tension between China and the West, which … Read more

Vietnam to Extend Anti-Graft Drive as Police Reveal Real Estate Fraud Worth 3% of GDP

[ad_1] By Khanh Vu and Francesco Guarascio HANOI (Reuters) – Vietnam’s top leader vowed to extend “for the long-term” an anti-corruption campaign that has had a chilling effect on the economy, after police revealed financial scandals in the real estate sector worth more than 3% of gross domestic product. The campaign against graft has been … Read more

Philippines’ Marcos Says Myanmar a Difficult Problem for ASEAN

[ad_1] MANILA (Reuters) – The conflict in military-ruled Myanmar has been a difficult issue for the Southeast Asian bloc ASEAN to address, with little progress made towards a resolution and intensifying fighting, Philippines President Ferdinand Marcos said. Speaking at a forum in Hawaii streamed live in the Philippines on Monday, Marcos said there was commitment … Read more