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AT A GLANCE                                                        Congratulations on Mozambique Independence Day

                                             PARTY LOOKS OVER LAND REGULATIONS               LAND MANAGEMENT
                                   The  5th  plenum  of  the  13th  need to intensify the leadership of the Party, the management of
                                   Party Central Committee, held  the State, and the supervising role of Vietnam Fatherland Front
                                   in  Hanoi  between  May  4  and  Committees, socio-economic organizations, and the public. The
                                   10, reached consensus on solu-  plenum also offered comment on a report reviewing 15 years of
                                   tions,  guidelines,  and  orienta-  implementing the resolution on agriculture, farmers, and rural
                                   tions on further renewing, con-  areas adopted at the 7th plenum of the 10th Party Central Com-
         solidating, and enforcing land-related laws and policies, among  mittee, and looked into the 20-year implementation of the reso-
         other matters. It requested that the 2013 Land Law and relevant  lution  on  continuing  to  reform,  develop,  and  improve  the
         laws be amended and supplemented to tackle pending limitations  efficiency of the collective economy, which was adopted at the
         and weaknesses in land management, where it emphasized the  5th plenum of the 9th Party Central Committee.

         Prime Minister Pham Minh Chinh paid a working visit to the  and human resources training. Pres-
         US from May 11 to 17, where he attended the second ASEAN -  ident Biden, for his part, said the
         US Special Summit and met with President Joe Biden and US  US is eager to cooperate with and
         officials and business leaders. During their meeting on May 12,  assist developing and less-developed
         Prime Minister Chinh told President Biden that Vietnam-US  countries in various areas, including economic and trade devel-
         relations are “special”, as the two countries have overcome the  opment,  disease  prevention  and  control,  and  climate  change
         pain  and  devastation  of  war  and  are  actively  cooperating  to  response. During the visit, Vietnamese ministries, agencies, and
         make  the  Comprehensive  Partnership  even  more  substantial  businesses signed a number of cooperative documents with US
         and effective across all areas. He added that Vietnam wants the  partners,  including  an  investment  certificate  and  a  business
         US to continue to support and cooperate with Vietnam in areas  registration  certificate  granted  to  PetroVietnam  Gas  and  the
         where  the  US  has  strengths  and  Vietnam  has  potential  and  US’s  AES  Corporation  for  the  Son  My  liquefied  natural  gas
         needs, such as disease prevention and control, digital transfor-  (LNG) terminal project in south-central Binh Thuan province,
         mation, diversification of supply chains, climate change response,  with total investment of about $1.4 billion.

                                                         JAPANESE PM PAYS VISIT    VIETNAM - JAPAN PARTNERSHIP
                                   Twenty-two new cooperation doc-  They agreed to promote cooperation in post-pandemic economic
                                   uments were signed between Viet-  recovery, including in trade, investment, agriculture, energy, and
                                   namese  and  Japanese  partners  the environment. The two countries will work to quickly reach and
                                   during Japanese Prime Minister  effectively  implement  a  program  on  new-generation  ODA  loans
                                   Kishida Fumio’s visit to Vietnam  with flexible and preferential conditions and streamlined procedures
         on April 30 and May 1. During talks in Hanoi on May 1, Prime  for building strategic and transport infrastructure, and digital trans-
         Minister Pham Minh Chinh and Prime Minister Fumio reached  formation, climate change response, and healthcare. They will also
         overall  agreement  on  major  orientations  as  well  as  measures  to  speed up procedures so that Japan can open up its market to Viet-
         deepen cooperation in all aspects, thus opening up a new development  namese  longan  in  September,  while  continuing  to  facilitate  the
         stage in the extensive strategic partnership between the two countries.  import of Vietnamese pomelo, avocado, and rambutan.

         An annual report on foreign investment in Vietnam, the first of its  issues that need to be tackled to raise the
         kind and published by the Science and Technics Publishing House in  efficiency  of  FDI  attraction  for  socio-
         coordination with the compilation council, was released in Hanoi on  economic development. The report also
         May 12. Dr. Phan Huu Thang, former Head of the Foreign Investment  analyzes regional and global FDI trends
         Agency at the Ministry of Planning and Investment and Chairman of  over the past three years as well as opportunities and challenges for
         the compilation council, was quoted by local media as saying that the  Vietnam in this regard, and gives recommendations on improving
         report is expected to provide an insight into FDI in Vietnam and  the efficiency of State management over foreign investment.

                                        VIETNAM HOSTS INTERNATIONAL CONFERENCE              MARITIME ECONOMY
                                 Addressing the International Con-  and climate change adaptation. He emphasized that as marine
                                 ference on Sustainable Ocean Econ-  pollution  and  ocean  plastic  waste  are  urgent  global  issues,
                                 omy and Climate Change Adapta-  countries should establish a global system to monitor and share
                                 tion in Hanoi on May 12 and 13,  data on a national, regional, and global scale. Norwegian Minister
                                 held  by  the  Ministry  of  Natural  of Foreign Affairs Anniken Huitfeldt noted that the conference
         Resources and Environment and Norway’s Ministry of Foreign  addressed “some of the most important issues of our times” and
         Affairs,  with  support  from  the  United  Nations  Development  that “Norway and Vietnam’s objective is to push the climate and
         Program (UNDP), Deputy Prime Minister Le Van Thanh said  ocean agenda forward. We live in a time of global turbulence.
         that all countries need to make stronger commitments and adopt  Global cooperation is more important than ever. We need conse-
         more drastic and effective measures to demonstrate their respon-  quential and immediate action. And it is our responsibility to
         sibility  in  the  sustainable  development  of  the  ocean  economy  keep building the momentum.”

         8 | VIETNAM ECONOMIC TIMES | JUNE 2022                                      
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