Vietnam keen on trade with PNG

Ambassador of Vietnam to Papua New Guinea (PNG), His Excellency Nguyen Tat Thah in his meeting with the Minister for International Trade and Investment, Richard Maru on Friday August 25, said Vietnam was keen on Trade and Investment with Papua New Guinea (PNG).  

Vietnam currently has a population of over 98 million with an economy size of about USD449 billion with the service sector accounting for 41.3 per cent of the GDP.

Raka Departs for Vietnam

His fight is scheduled for July 15th at the Grand Ho Tram Resort and Casino, Hoi Chi Min City, Vietnam.

Raka was matched up against the Chinese top Featherweight fighter, Xiao Tao Su, who will be looking to win this fight to regain his former glory post Covid-19.

The 30 Year-Old boxer recorded 2KOs in his last two fights in the 59KG weight division. Standing at 162CM, the Papua Boxing Representative is as good as his opponent statistic wise.

PNG Shares COVID-19 Vaccines

Viet Nam is currently battling a complicated COVID-19 outbreak, in particular in Ho Chi Minh City and neighbouring provinces, with aggressive vaccination targets a critical part of the Vietnamese Government’s strategy to contain the outbreak and relieve pressure on local health systems.

Through ongoing sharing of information by governments across the WHO Western Pacific Region, the Vietnamese Government was made aware of the doses in PNG due to expire at the end of September, and made the request to the PNG Government.

Vietnam tops APEC economies in investments

According to a survey done by PricewaterhouseCoopers (PwC) on the 21 APEC economies’ CEOs, Vietnam has a conducive environment to start business and has a cheap labour force as well.

In a press briefing this morning in Port Moresby, PwC in its latest survey of 1,189 business leaders across the 21 Asia-Pacific Economic Cooperation (APEC) economies, PwC found that 35 percent were very confident of revenue growth, down slightly from 37 percent a year ago, while a net 51 percent plan to increase investments over the next year.

Teen dead after rolling on to iPhone cable in her sleep

Le Thi Xoan, from Vietnam, was exposed to the live wires of the damaged cable which was on her bed, while she was sleeping.

The teenager was found unconscious by her parents and rushed to hospital but was pronounced dead later that day.

The iPhone 6 cable was found on her bed as the girl always charged her phone next to her while she slept.

The cable was broken and had tape trying to keep it together.

The cause of death has been ruled as electrocution.

PNG APEC ready: O’Neill

When addressing world leaders on Friday in Da Nang city, Vietnam, Prime Minister Peter O’Neill says PNG is prepared, with assistance from neighbouring countries like Australia.

He says it will be an honour for PNG to host the international meet since becoming a member of APEC countries in 1993.

In front of over 4,000 journalists and delegates during the APEC Vietnam Summit, O’Neill states PNG is one of the countries in the Pacific that has the largest economy in the region.

He urges leaders to support emerging economies like PNG and the other developing countries.

APEC will create job opportunities: PM

In a media conference on Friday in Da Nang city, Vietnam, O’Neill stressed on the importance of economic inclusion as a key element of expanding global trade so that smaller countries and their communities are not disadvantaged.

He said increasing access to modern technology platforms will be an important policy issue discussed by APEC leaders.

Meanwhile, the O’Neill-Abel Cabinet is likely to formally announce the theme and the logo of APEC PNG 2018 in the next parliament session.

Over 4,000 journos in Vietnam for Summit

The week-long Summit began on Monday with various meetings leading up to the main opening ceremony today.

Prime Minister Peter O'Neill was accompanied by Minister for Foreign Affairs and Trade, Rimbink Pato, and APEC Minister Justin Tkatchenko.

O'Neill in a media briefing with PNG journalists yesterday said PNG is ready to host the APEC Summit in 2018.

He added the Vietnamese experience will be used as a learning ground in terms of preparation to host the Summit.

Pato confident in hosting APEC

He said APEC 2017 in Vietnam would also provide opportunities to liaise with Australia, New Zealand, Japan and other nations who are assisting PNG to host next year’s event.

“Our friends have generously decided to pitch in.

“Like us, they also see the benefits of connectivity in a globalizing world, and making sure our country is well and truly on the radar for investment and development partnerships.”

Pato will arrive in Vietnam today, and will be talking to investors to consider investing in Papua New Guinea.

​PNG beaten in coffee production

Minister for Trade, Commerce and Industry, Wera Mori, said following a recent visit to Vietnam, he learned that the country invested in the commodity which has now bypassed PNG.

He said while PNG had already begun exporting coffee by the 1960s, Vietnam’s coffee industry was in its infant stages.

However, the South East Asian country is now exporting more bags while PNG struggles.

“Vietnam did not produce one bag of coffee in 1975. When PNG gained Independence, we produced one million green bean bags.