Smoking rate declines in Vietnam

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The smoking rate in Vietnam has fallen four years after the Law on Prevention and Control of Tobacco Harm was enacted, according to a report by the Minister of Health Nguyen Thi Kim Tien.

According to Tien, the law has shown positive results in a survey of smokers 2016. The rate of smoking men decreased from 47.4% to 45.3% and the rate of smoking women decreased from 1.4% to 1.1%. The rate of smokers in urban areas declined from 23.3% to 20.6%.

The passive smoking rate also declined greatly compared to 2010. This rate declined from 55.9% to 42.6% at workplaces, from 54.3% to 37.9% at universities, from 34.4% to 19.4% on public transportations, from 22.3% to 16.1% at schools and from 73.1% to 59.9% at homes.

More people are trying to quit smoking. The number of smokers that received consultancy to give up increased from 29.7% to 40.5%.

Luong Ngoc Khue, Director General of the Medical Examination and Treatment Department under the Ministry of Health, after the Law on Prevention and Control of Tobacco Harm and its fund was set up and took effect in 2013, public awareness had been raised and more smoke-free environments had been implemented at workplaces.

The fund management board have carried out various research on the use of tobacco and its effect on public health as well as socio-economic development. Phone anti-smoking advice lines and pilot projects at health clinics were carried out.

61.2% of people believed that smoking could cause heart disease and lung cancer, an increase of 5.7%. As a result, 90.3% of asked people realised that passive smoking could cause harmful effects, an increase of 3.3%.

The advertisements and discount programmes have been further limited in recent years. The fund has supported 26 ministries and departments and 10 hospitals with prevention programmes.

However, Vietnam is still among the top 15 leading countries having the highest rates of smokers. 40,000 people die of smoking-related causes every year. According to the World Health Organisation, 73% of the deaths in Vietnam are caused by non-communicable diseases and smoking is the main cause.

Source: Hong Hai

Falling prices unlikely to boost growth in Vietnam’s auto market

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Despite massive discounts buyers are waiting for import tariffs to be abolished at the start of 2018.

Nguyen Hoang Ha felt excited to be checking out a new Honda CRV at a showroom in Hanoi’s Hoang Mai District.

Despite planning to replace his old Huyndai amid sharp cuts to car prices, the 38-year-old banker decided to delay ordering a new vehicle just for now because he expects prices to fall even further in the coming months.

Prices of many vehicles have been slashed from 2.5-15 percent since the beginning of this year, and the Honda CRV and Audi TT have experienced some of the biggest price drops.

Some car dealerships have offered discounts of up to $10.000 to try and boost sales amid a gloomy market, but potential buyers are waiting for lower tariffs that will take affect in 2018.

“Automobile prices have declined steadily in recent months. I don’t want to buy a car today and see the price slashed by tens of millions of dong tomorrow,” he said, picking up brochures from a salesman.

Like many potential buyers, Ha wants to wait for better prices when the import tariff on cars is abolished under the ASEAN Trade in Goods Agreement in 2018. The current import tax is 30 percent.

Over 21,200 vehicles were sold in September, down 4 percent from August and by 20 percent from the same month last year, according to a new report from the Vietnam Automobile Manufacturers’ Association. The figure includes SUVs, passenger cars and commercial vehicles.

Severe blows to car dealerships

Falling sales have forced Nguyen Trong Hiep, a salesman at an Audi showroom in Hanoi, to change his sales approach. Instead of waiting for customers to visit his showroom, Hiep is contacting potential buyers to promote his products.

This drop in sales has hit Hiep and his colleagues, and many of them have quit due to low pay checks.

Some car dealerships have also been struggling. The owner of a showroom in Hanoi’s Long Bien District said his firm had suffered losses due to low sales. If the situation does not improve in the next six months, he will have to close the business and find a new job.

His firm has halved its sales force this year.

“The situation has never been as bad as this before,” he said. “We can’t make enough to pay the interest on a bank loan of over VND4 billion ($181,000) we used to upgrade our showroom late last year, not to mention the monthly rent of nearly $10,000.”

Some small and medium-sized car dealerships have even announced they are selling their showrooms, but that it is difficult for them to find buyers in the current market.

Domestic auto manufacturers are also bracing for tough times.

During the first half of this year, Truong Hai Auto that assembles Mazda and Kia models posted VND25.5 trillion ($1.12 billion) in sales, down 6 percent on-year, with pre-tax profit falling 36 percent to VND2.4 trillion.

Its market share slipped 3.4 percentage points to 38.1 percent in the same period, according to the Nikkei Asian Review.

Industry insiders have said it will be difficult for the automobile market to notch up growth of 10 percent in 2017, target set by the VAMA earlier this year.

Facing the prospect of competing with imported cars, some some domestic makers plan to narrow production in Vietnam and import more cars.

More than 58 percent of cars imported into Vietnam in the first six months of this year came from Southeast Asian countries, according to the Vietnam General Customs Department.

A representative of Toyota Vietnam said her firm had anticipated market fluctuations and planned to cut its assembling operations while focusing on producing only some models in Vietnam.

Like Ha, many potential buyers have been following news on the car market. However, they are only interested in price and not what enterprises plan to do in terms of strengthening imports or narrowing production.

“The only thing I want to know is where the bottom price is,” Ha said. “I don’t want to lose thousands of dollars overnight because of a price drop.”

Source: Ngan Anh

HCM City’s biggest startup event of the year to take place in Oct

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The WHISE 2017, held by the city’s Department of Science and Technology in partnership with the Embassy of Finland in Vietnam, features about 30 seminars, workshops and discussions, including the Technological Exhibition and Innovation and Startup Conference on October 27-28.

It provides an opportunity for HCM City to foster innovation and startup models, said Director of the Department of Science and Technology Nguyen Viet Dung at a press briefing about the week on October 17.

It will also gather innovation and startup firms into one startup community for the development of the city’s startup ecosystem and to attract investment, he added.

The government of Finland hoped to share innovation and startup experience with Vietnamese enterprises through the WHISE 2017, said Lauri Laakso, Chief Technical Adviser of the Vietnam-Finland Innovation Partnership Programme Phase 2 (IPP2).

He noted that highlights of the week will include a series of workshops to share international experience in education alongside solutions to build smart cities and a startup ecosystem.

Source: VNA

Mobile phone market: Samsung gets even stronger

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The Vietnamese mobile phone market in the third quarter saw an unexpected breakthrough from Samsung, which now holds the largest market share among smartphone makers.

The third quarter was never a lucky period for mobile phone manufacturers in particular and businesses in general. The sales in the period were always low because of the summer holiday, the seventh month of the lunar calendar, called the ‘month of forsaken spirits’, and because of the rainy season in HCM City.

Retailers just ‘sat idle’ in the third quarter and hoped for a recovery in the last months of the year.

However, the third quarter brought luck to Samsung, which now holds the largest market share, and a new brand which has entered the Vietnamese market.

Of 10 smartphone models listed as bestsellers at The Gioi Di Dong, the largest distribution chain, seven models belong to Samsung.

Samsung accounts for 70 percent of total number of top smartphones in Vietnam.

In FPT Shop’s list of best sellers, Samsung had five models, while Oppo, the nearest rival, had three.

In May 2017, Samsung led the market with 47.6 percent of market share, followed by Oppo with 23.15 percent of market share, according to GfK.

Observers, after comparing the lists of best sellers in H1 and in the third quarter, realized that some positions that once belonged to Oppo and Apple are now occupied by Samsung.

In H1, Oppo had four and Apple had two models in The Gioi Di Dong’s top 10, but in the third quarter, both of them had only two models in the list.

The third quarter also was a lucky time for Vivo, a young brand. Of 10 best sellers at FPT Shop, Vivo’s Y55S was in the eighth position.

The Vietnamese mobile phone market witnessed a string of surprises.

After half a month in Vietnam, iPhone 8 64 GB price dropped from VND20 million to VND17.3 million, equal to the price of iPhone 7 Plus 128 GB. The price reduction had never occurred with Apple’s new models in the past.

Meanwhile, the owner of a mobile phone shop on Phan Dang Luu street in HCMC said he still sells iPhone 5S though the model has not even been updated on his website.

“The supply is unstable, but I usually sell 5S arrivals as soon as I get them,” he said.

Source:  Buu Dien

Cars to pay fee for entry into downtown HCM City in 2019

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Cars would have to pay a fee from 2019 if they enter HCMC’s central business district, according to a traffic congestion reduction plan which Tien Phong Technology JSC (ITD) has sent to the city government.

The fee would range from VND30,000 to VND50,000 (US$1.32-2.2) per entry and to collect it, the company would install 36 collection booths on the streets leading to the city center.

Between 6 a.m. and 7 p.m. taxi cabs would be charged VND30,000, private cars VND40,000, and trucks and commercial vehicles, including those owned by State agencies, VND50,000.

The project would need a total investment of nearly VND1.8 trillion (US$79.3 million), and have an expected collection time of 15 years, from 2019 to 2034.

According to the HCMC Department of Transport, the project could help reduce traffic jams in the city center by encouraging people to use public transit instead of private vehicles.

However, traffic experts have cast doubt on the viability of the project. Speaking to the Daily, Pham Sanh, a traffic expert, said the city should carry out a thorough survey of traffic density on the roads leading to the city center, public transit network and parking lots to make sure the project would work.

When the city restricts private vehicles in the downtown area, traffic would be diverted to nearby districts, placing pressure on infrastructure there, said Sanh.

The city’s public transport system, he noted, has remained underdeveloped, so it would be hard to lure commuters to use public buses.

Source: SGT

Vietnam floods killed 83 and more rain on the way

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Medium to heavy rains are expected in central and southern provinces until Thursday.

Floods in Vietnam last week killed 83 people and 20 were missing, officials said on Tuesday, with thousands of homes submerged or destroyed and several towns cut off.

The floods also damaged more than 22,000 hectares (54,300 acres) of rice but did not hit the coffee belt. The Southeast Asian nation is the world’s third-largest exporter of rice and the second-biggest producer of coffee.

Medium to heavy rains are expected in the south of the Central Highlands, the coffee belt, as well as central and southern provinces, from Tuesday night to Thursday.

Vietnam is prone to destructive storms and flooding due to its long coastline. A typhoon wreaked havoc across central provinces last month.

Flooding also hit nine provinces in neighboring Thailand.

Source: Reuters

VN-Index down on profit-taking

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Shares declined on the HCM Stock Exchange on October 16 after rallying for six consecutive sessions as large-cap stocks lost steam on late profit-taking.

The benchmark VN-Index fell 0.19 percent to close at 819.43 points, putting a dent in its previous six-day rally in which the benchmark increased nearly 2 percent.

Market trading liquidity rose in comparison with October 13’s figures. Roughly 169 million shares were traded on the southern exchange, worth 4.06 trillion VND (180.5 million USD).

The figures represented an increase of 9.6 percent in trading volume and 21 percent in trading value compared with October 13.

The market breadth of the southern exchange was negative, with 149 declining shares against 128 gaining ones and 40 unchanged.

The VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and trading liquidity, edged down 0.44 per cent as half the stocks suffered losses.

The 15 declining stocks in the VN30 basket fell between 0.2 per cent and 2.5 percent with the worst-performing stocks being property developer Vingroup (VIC), steel company Hoa Phat (HPG), Binh Minh Plastic Co (BMP) and logistics firm Gemadept (GMD).

Mid-cap and micro-cap stocks also underperformed. The mid-cap stock index was down 0.09 percent and the micro-cap dropped 0.13 percent, according to market data site vietstock.vn.

The benchmark VN Index went down when it was about to test the level of 824 points and the index could fall further in coming sessions, Bao Viet Securities Co’s analyst Tran Xuan Bach wrote in the company’s note. “Investors were more worried and cautious when the benchmark VN Index approached the range of 824-828 points, forcing them to offload more shares in the closing period,” Bach said.

The six-day rally was also an important factor in investor selling on the southern market, he added. “The VN-Index will face a short-term correction if investors cannot find a group of stocks that is attractive enough to lure investment into the market.”

In the next few days, the VN-Index could fall back to its near supportive ranges, which is forecast to be between 810 and 815 points or between 798 and 802 points, Bach added.

The HNX-Index on the Hanoi Stock Exchange gained 0.18 percent to close at 109.30 points. It advanced 0.67 percent on October 13.

More than 45.6 million shares were exchanged on the northern bourse, worth 536.5 billion VND.

Source: VNA

Viet Nam national team up nine steps in FIFA world rankings

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The rise is attributed by the team’s second consecutive win against Cambodia at the Asian Cup 2019 Qualifying round, which added 20 points to the team on the FIFA ranking.

The national squad with 261 points now ranks 21st in Asia and second in Southeast Asia.

In Southeast Asia, the Philippines with 272 points jumped seven spots to the first, while Thailand was placed third with 225 points.

Iran led Asia with 784 points, while the second and third places were held by Australia (714 points) and Japan (711 points).

Top five on FIFA ranking were Germany, Brazil, Portugal, Argentina and Belgium.

Source: VNA

Vietnam Airlines to launch more Hanoi-Sydney flights

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The airline wants to operate seven flights per week to exploit the potential of the Vietnam-Australia route.

Vietnam Airlines will increase the number of flights between Hanoi and Sydney to seven flights per week from the current three to cash in on this “important and potential route,” the Ministry of Transport said in a statement Monday.

The national flag carrier said the number of passengers traveling between Vietnam and Australia grew nearly 4 percent on average from 2012-2016.

In the first seven months of this year, the number reached 213,000, with passengers from Vietnam making up 23 percent and the rest coming from Australia, according to the transport ministry.

Vietnam Airlines opened Hanoi-Sydney direct flights in March using Boeing B787s. It has been operating direct flights between Saigon and Syndey and Melbourne since 1992.

Source: Minh Nga

Five Vietnamese universities named in Asia’s top 400

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Two of them have climbed the rankings compared with last year.

Five Vietnamese universities have retained their places in Asia’s top 400 this year, with one keeping its spot unchanged, two securing higher positions and two falling in the rankings.

Vietnam National University-Hanoi maintained its 139th position, the highest of the five Vietnamese schools in the QS Asia University Rankings compiled by Quacquarelli Symonds (QS), a UK-based company specializing in education and overseas studies.

Vietnam National University-Ho Chi Minh City climbed five spots to 147th in the rankings, while Hanoi University of Science and Technology made it into the top 300.

Can Tho University and Hue University both slipped into the top 400.

This is the first year that QS has expanded its Asia rankings to 400 schools.

It uses ten indicators to compile the rankings: academic reputation, employer reputation, faculty/student ratio, citations per paper and papers per faculty, staff with a PhD, proportion of international faculty and proportion of international students, proportion of inbound exchange students and proportion of outbound exchange student.

The first five criteria account for 85 percent of the scores.

Leading the way at the top of this year’s rankings are two universities from Singapore, with Nanyang Technological University (NTU) pipping last year’s number one National University of Singapore (NUS) to claim top spot.

In the rest of the top 10, Hong Kong was the most represented country with four universities. In total, 17 different countries were included in this year’s rankings.

In September, Vietnam released its first-ever university ranking with Vietnam National University-Hanoi topping the list of 49 schools.

The Vietnamese ranking was compiled by a group of independent experts based on three criteria: scientific research, education quality, and infrastructure and management, with the first two accounting for 80 percent of the scores.

Source: Minh Nga

H&M, Zara to open stores in Hanoi

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H&M, the world’s leading fashion company, is making preparations for the opening of its second store in the Vietnamese market on November 11.

The new outlet follows the success of their flagship store which opened in HCM City two months ago.

Located at the centre of Vincom Mega Mall Royal City, the new store will introduce H&M’s latest designs for women, men, and kids, with shoes and accessories at reasonable prices, including a range of Basics products, which are favoured by customers.

Fredrik Famm, country manager of H&M Southeast Asia said the company is constantly looking for new locations to open additional stores and bring the best quality fashion products to Vietnamese consumers at affordable prices.

The new store will raise the curtain for shoppers from 10:30am to 10:00pm with live performances from DJs, and gifts for the first visitors. After the opening day, customers can enjoy shopping from 9:30am to 10:00pm every day.

Meanwhile, Zara is also stepping up preparations to open its second store in Hanoi on November 9 at Vincom Ba Trieu. Zara launched its first store in HCM City in September 2016.

Source: VOV

Da Nang city to host Asia Pacific Golf Summit

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The central city of Da Nang will host the Asia Pacific Golf Summit (APGS) on November 14, following the APEC Economic Leaders Week.

Vice Director of the city’s tourism department Nguyen Xuan Binh said the golf summit would draw together developers, golf course owners and operators, club general managers, golf course superintendents and the golf trade from Asia Pacific member economies.

He said the Asia Pacific Inter-Club Golf Tournament would be staged at the Da Nang Golf Resort on that day.

The event will be a fun-filled networking opportunity for ASEAN member economies, including Vietnam.

This is the eleventh Asia Pacific Golf Summit. It will continue to provide a platform for debate on the opportunities for the golf industry in the Asia Pacific.

Vietnam has 32 golf courses nationwide. Sixty others are planned, but golfers accounted for a mere half of one per cent of the 10 million tourists visiting Vietnam in 2016.

At the sixth Asia Golf Tourism Convention (AGTC) in Da Nang last year, the city announced that it earned 68 million USD in 2016 from golf tourism. It expects to increase this to 186 million USD in the next five years when three more golf courses open.

According to the International Association of Golf Tour Operators, 169 golf tourism companies operating in Asia plan to expand into Vietnam.

The International Association of Golf Tour Operators in cooperation with Da Nang’s Tourism department has built a strategy to develop golf tourism for Da Nang in 2017-22.

Da Nang and the neighbouring provinces of Quang Nam and Thua Thien-Hue are popular sites in central Vietnam, with beautiful golf courses designed by Nick Faldo, Greg Norman, Collin Montgomerie and Luke Donald.

Last year, the Ba Na Hills Golf Club in Da Nang was named Best New Golf Course in Asia and the Pacific at the Asian Golf Awards of the Asian Golf Association, and was first runner-up as Best Golf Course in Vietnam.

Participants can register to book seats at the APGS on the link https://secure.golfconference.org/event/asia-pacific-golf-summit-2017.

Source: VNA

Security flaw prompts fears on Wi-Fi connections

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Researcher said the flaw may also allow an attacker ‘to inject ransomware or other malware into websites.’

A newly discovered flaw in the widely used Wi-Fi encryption protocol could leave millions of users vulnerable to attacks, prompting warnings Monday from the US government and security researchers worldwide.

The US government’s Computer Emergency Response Team (CERT) issued a security bulletin saying the flaw can open the door to hackers seeking to eavesdrop on or hijack devices using wireless networks.

“Exploitation of these vulnerabilities could allow an attacker to take control of an affected system,” said CERT, which is part of the US Department of Homeland Security.

The agency’s warning came on the heels of research by computer scientists at the Belgian university KU Leuven, who dubbed the flaw KRACK, for Key Reinstallation Attack.

According to the news site Ars Technica, the discovery was a closely guarded secret for weeks to allow Wi-Fi systems to develop security patches.

Attackers can exploit the flaw in WPA2 — the name for the encryption protocol — “to read information that was previously assumed to be safely encrypted,” said a blog post by KU Leuven researcher Mathy Vanhoef.

“This can be abused to steal sensitive information such as credit card numbers, passwords, chat messages, emails, photos, and so on. The attack works against all modern protected Wi-Fi networks.”

The KRACK vulnerability allows attackers to circumvent the “key” on a Wi-Fi connection that keeps data private.

The Belgian researchers said in a paper that devices on all operating systems may be vulnerable to KRACK, including 41 percent of Android devices.

‘Be afraid’

The newly discovered flaw was serious because of the ubiquity of Wi-Fi and the difficulty in patching millions of wireless systems, according to researchers.

“Wow. Everyone needs to be afraid,” said Rob Graham of Errata Security in a blog post.

“It means in practice, attackers can decrypt a lot of Wi-Fi traffic, with varying levels of difficulty depending on your precise network setup.”

Alex Hudson, of the British-based digital service firm Iron Group, said the discovery means that “security built into Wi-Fi is likely ineffective, and we should not assume it provides any security.”

Hudson said Wi-Fi users who browse the internet should still be safe due to encryption on most websites but that the flaw could affect a number of internet-connected devices.

“Almost certainly there are other problems that will come up, especially privacy issues with cheaper Internet-enabled devices that have poor security,” Hudson said in a blog post.

Researchers at Finland-based security firm F-Secure said in a statement the discovery highlights longstanding concerns about Wi-Fi systems’ vulnerability.

“The worst part of it is that it’s an issue with Wi-Fi protocols, which means it affects practically every single person in the world that uses Wi-Fi networks,” F-Secure said in a statement.

The F-Secure researchers said wireless network users can minimize the risks by using virtual private networks, and by updating devices including routers.

The Wi-Fi Alliance, an industry group which sets standards for wireless connections, said computer users should not panic.

“There is no evidence that the vulnerability has been exploited maliciously, and Wi-Fi Alliance has taken immediate steps to ensure users can continue to count on Wi-Fi to deliver strong security protections,” the group said in a statement.

“Wi-Fi Alliance now requires testing for this vulnerability within our global certification lab network and has provided a vulnerability detection tool for use by any Wi-Fi Alliance member.”

Microsoft said it released a patch on October 10 to protect users of Windows devices.

“Customers who have Windows Update enabled and applied the security updates, are protected automatically,” Microsoft said.

A Google spokesman said, “We’re aware of the issue, and we will be patching any affected devices in the coming weeks.”

Source: AFP/Rob Lever

Saigon falls short in global safety ranking

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The city and its Southeast Asian peers Jakarta and Manila prop up the index in the bottom 10.

Vietnam’s southern metropolis Saigon has been ranked 56th out of 60 cities around the world in the latest Safe Cities Index compiled by The Economist, which measures cities’ personal, health, infrastructure and digital risks.

The only Vietnamese city named on the index, Saigon finished in the bottom 10 along with its Southeast Asian peers Yangon, Manila and Jakarta. Bangkok was ranked 49th while Kuala Lumpur made it to 31st, according to the report released last week.

The city was placed in 48th position out of 50 cities measured in 2015, when the index was first launched.

Despite being considered Vietnam’s largest commercial center and one of the biggest cities in Southeast Asia, Saigon is described in the report as among the low-income cities that “often lack technology skills, where competing challenges such as tackling infectious diseases can push cyber security lower on the list of priorities.”

Saigon is the most crowded city in Vietnam and home to 13 million people. Traffic, flooding and air pollution are possibly its biggest problems, besides food safety and street crime.

The city scored badly in terms of personal security, only above Caracas in Venezuela and Pakistan’s capital Karachi. It also scored badly in the digital security category, while its health score ranked 48th and infrastructure performance was 46th.

The city, which has become a popular destination recommended by many international travel sites, received around 4.2 million foreign visitors in the first half of this year, up 16 percent from a year ago.

It’s not clear how much the new report will affect tourism development or investment.

The Economist said the world’s urban population has grown by more than 150 million people since it launched the index, raising the total number of people living in cities to more than four billion. Most of the urbanization occurred in the developing world where massive migration from rural areas has been seen, it said.

The top half of the index is filled up entirely by developed cities except for Buenos Aires, which ranked 29th.

Tokyo topped the index as the world’s safest city, followed by Singapore and Osaka. The top 10 was completed by Toronto, Melbourne, Amsterdam, Sydney, Stockholm, Hong Kong and Zurich.

Source: VnExpress

US president to visit Hanoi after APEC Summit

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US President Donald Trump will travel to Hanoi for an official visit after participating in the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting in Danang next month, according to a statement from the White House.

The statement from the US Press Secretary on President Trump’s upcoming travel to Asia released on October 16 said that Trump will travel to Danang on November 10 to participate in the APEC Economic Leaders’ Meeting and deliver a speech at the APEC CEO Summit.

“In the speech, the president will present the United States’ vision for a free and open Indo-Pacific region and underscore the important role the region plays in advancing America’s economic prosperity, the statement said.

On November 11, Trump will travel to Hanoi for an official visit and bilateral engagements with President Tran Dai Quang and other senior Vietnamese leaders.

The White House’s statement said that President Trump will commence his visit to Asia beginning with Japan on November 5. He will also visit the Republic of Korea on November 7, and China on November 8.

After two days in Vietnam on November 10 and 11, President Trump will arrive in Manila, Philippines, on November 12 to participate in the Special Gala Celebration Dinner for the 50th Anniversary of the Association of Southeast Asian Nations (ASEAN). On November 13, the President will celebrate the 40th anniversary of U.S.-ASEAN relations at the U.S.-ASEAN Summit and participate in bilateral meetings with President Rodrigo Duterte of the Philippines and other leaders

Source: dtinews

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