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Global oil cartel OPEC said on Feb 12 it sharply reduced crude oil production last month, after heavyweight Saudia Arabia slashed output and exports fell in crisis-hit Venezuela.

Deputy Prime Minister Vu Duc Dam hosted a reception on February 12 for a delegation from SOS Children’s Villages International and a group of donors, led by Governor of Austria’s Tyrol state Gunther Platter and Honorary President of the organization Helmut Kutin.

Indonesia posted an economic growth of 5.17 percent in 2018, the highest level in five years, according to the country’s central statistics agency.

Director General of the Food and Agriculture Organization (FAO) of the United Nations Jose Graziano Da Silva has expressed his admiration for Vietnam’s development achievements, especially in poverty reduction and food security. 

The European Commission has slashed its 2019 growth forecast by almost a third to 1.3 percent. It has cited "global uncertainties" and "trade tensions" for its decision.

(VEN) - Vietnam’s exports to India maintained strong growth in 2018 and the two countries will make further efforts to raise bilateral trade turnover to US$15 billion.

"Vietnam welcomes a second summit between the U.S. and North Korea. Vietnam strongly supports dialogues to maintain peace, security, stability on the Korean Peninsula," Foreign Ministry spokeswoman Le Thi Thu Hang said Wednesday.

On February 5, Canadian Prime Minister Justin Trudeau sent a letter of greetings to the Vietnamese community in Canada and the world over on the occasion of the Lunar New Year.

(VEN) - Vietnam Economic News’ Linh Hang & Lan Dung spoke with Minister of Industry and Trade Tran Tuan Anh.

Vietnamese Ambassador to Russia Ngo Duc Manh highlighted developments in the two countries’ relations last year at a meeting with representatives of Russian and Vietnamese media agencies in Moscow on January 30.

Prime Minister Nguyen Xuan Phuc has approved a plan to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

In a meeting with Swiss President Ueli Maurer on January 25, PM Phúc said Việt Nam attached importance to consolidating and strengthening its ties with Switzerland.

The German government has dropped its economic growth forecast for 2019 to 1.0 percent from 1.8 percent due to slower global economic growth and uncertainty about Britain’s exit from the European Union, the Handelsblatt newspaper reported Thursday.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung received Dutch Ambassador to Vietnam Elsbeth Akkerman on January 25, during which they discussed measures to enhance bilateral cooperation in handling urban waste and turning it into a source of energy.

Vietnam’s Ministry of Industry and Trade and India’s Ministry of Commerce and Industry held a meeting on January 23 to discuss measures aimed at removing the obstacles facing trade and investment between the two countries.

Vietnam considers the US an important partner and is willing to bolster the bilateral ties in all fields, especially in economic cooperation, trade, investment, science-technology, and education and training, Deputy Prime Minister Vuong Dinh Hue has affirmed.

(VEN) - Britain’s exit from the European Union could create new opportunities to advance trade and investment with Vietnam, according to a recent assessment by the UK Ambassador to Vietnam, Gareth Ward.

Vietnam and Hong Kong should promote investment, trade and service flows between the two sides to take advantage of a diversion of trade from China amid escalating tensions between the US and China, a banking official said.

World leaders and business elites gathered on Tuesday in Davos to discuss globalization 4.0, a buzzword that means a new wave of globalization in a digital world.

(VEN) - Vietnam should prepare infrastructure and human resources to absorb some of the US enterprises planning to shift production from southern China due to trade tensions between these two economic giants. This was the message delivered at a recent seminar in Ho Chi Minh City by Marie Diron, managing director of the Moody’s Asia-Pacific Sovereign Risk Group.

India is likely to cross the United Kingdom in the world’s largest economy rankings in 2019, a report published by global consultancy firm PwC stated.

Party General Secretary and President Nguyen Phu Trong received Chinese Ambassador to Vietnam Xiong Bo in Hanoi on January 21.

Arab states at an economic summit in Beirut called on world powers on Sunday (January 20) to step up efforts to enable Syrian refugees to return home.

(VEN) - Vietnam has concluded negotiations on 13 free trade agreements (FTAs) and is negotiating three others, placing it among the leading countries in the region in terms of international economic integration. It will be one of the few Southeast Asian nations simultaneously involved in FTAs with major economies, such as China, the EU, Japan, Russia and other partners.