Vietnam-India comprehensive strategic partnership

Party General Secretary and President To Lam and his Chinese counterpart Xi Jinping witnessed the signing of 14 cooperation documents between ministries, agencies and localities of the two countries on August 19 as part of the Vietnamese top leader’s state visit to China.

The 13th Party Central Committee (PCC) on August 16 elected Senior Lieutenant General Luong Tam Quang, member of the PCC, Secretary of the Central Public Security Party Committee, and Minister of Public Security, to the Politburo. With this addition, the Politburo now has 15 members as of August 16, 2024.

General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and his spouse are paying a state visit to China. The visit from August 18 – 20 is made at the invitation of General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping. Vietnam and China, as neighbouring countries, share many similarities in culture, political systems, and development paths. Recently, through the joint efforts of both sides, the relationship between the two Parties and nations has progressed positively, achieving significant accomplishments across various fields.

In order to meet increasing demands of passengers during the upcoming National Day holiday (September 2), Vietnam Railways Corporation (VRC) will increase operation frequency and introduce discount campaigns.

In the first seven months of this year, Vietnam saw 9 export items posting a turnover of more than 5 billion USD, accounting for 70.8% of the country’s total export value.

Vietnam’s total trade turnover of goods reached 439.88 billion USD in the first seven months of this year, marking a 17.1% increase compared to the same period last year.

Despite numerous difficulties and challenges from complicated and unpredictable global developments over the first seven months of this year, Vietnam's economy continued to record positive outcomes thanks to the effective implementation of the Government's resolutions to promote growth.

Vietnam’s e-commerce market has seen consistent growth, boasting an average annual growth rate of 16-30% over the past four years, the highest in the world, according to a report recently released by OpenGov Asia, a content platform dedicated to sharing ICT-related knowledge and information to better serve citizens and customers.

The idea of bamboo diplomacy was first coined by Party General Secretary Nguyen Phu Trong at the 29th Diplomatic Conference in Hanoi (2016), and reiterated at the first National Conference on Foreign Affairs in Hanoi (2021). Vietnam has built a unique school of diplomacy of the Ho Chi Minh era, bearing the characters of Vietnamese bamboo with “strong roots, stout trunk and flexible branches," imbued with the soul, the spirit, and the characters of the Vietnamese nation.

According to an Expat Insider 2024 survey, Vietnam is the most affordable country for expats, ranking first in the survey’s Personal Finance Index among 53 destinations. This marks the fourth consecutive year that Vietnam has topped this category.