ASEAN Focuses on Economic Recovery

The ASEAN leaders agreed to strengthen cooperation for peace and stability in the region, with the aim of facilitating economic recovery and development during the third ASEAN informal Summit in Manila, the Philippines, on November 28.

The participants expressed their happiness at ASEAN member countries' economic recovery, with an average growth rate of 2-3% in 1999 as compared with a 7% contraction in 1998. The figure is expected to reach 4-5% in 2000.

Peace and Stability Vital for Development

The maintenance of a peaceful and stable environment in the region is a prerequisite for cooperation and development, said Prime Minister Phan Van Khai at the third ASEAN informal Summit held in Manila, the Philippines on November 28.

The situation in the Korean Peninsular, the East Sea, and East Timor, and the threat of an arms race only confirm the value of the basic principles of international relations, such as respect for independence, non-interference in each other

East Asian Leaders Issue Joint Declaration

After the meetings of ASEAN +3 and ASEAN +1, the leaders of the ten ASEAN countries, China, Japan and the Republic of Korea signed a joint declaration on East Asian co-operation.

The announcement noted, "Diplomatic and trade relation in Eastern Asia have become more and more developed, which has created many opportunities for co-operation. Many new factors have pushed peace, stability and prosperity in the region".

Vietnam establishes diplomatic ties with Saudi Arabia

Ha Noi, Oct. 22 (VNA) -- Viet Nam and Saudi Arabia have agreed to establish bilateral diplomatic relation at ambassadorial level.

A joint communique to this effect was signed in New York on Oct. 21 by Vietnamese and Saudi Arabian Ambassadors Extraordinary and Plenipotentiary and Permanent Representatives to the United Nations, Ngo Quang Xuan and Fawzi Shobokshi, respectively.

Vietnam, Laos and Cambodia to form

The Prime Ministers of Vietnam, Laos and Cambodia will work together to form a


Government's monthly meeting for September and ecomonic growth after 9 months of 1999

Nhan dan Oct. 5-- At the government's monthly meeting for September, ministers announced that Vietnam's economic growth may not reach its 1999 target and could be the lowest in ten years.

Vietnam Builds US $500M Culture Village

Nhan dan Oct. 4--Construction of a US $500 million ethnic culture village started yesterday in Ha Tay province, about 60km west of Hanoi.

Prime Minister Phan Van Khai, National Assembly Chairman Nong Duc Manh and Deputy Prime Minister Pham Gia Khiem and other senior officials attending the launching ceremony laid the first bricks to build the village.

Minister of Culture and Information Nguyen Khoa Diem said in his opening speech that the ethnic culture and tourism village will help to preserve the cultural heritages of Vietnam

Export Support Fund Created

Nhan Dan Oct. 3--The Prime Minister Phan Van Khai has decided to establish an Export Support Fund aimed at boosting export and increasing competitiveness for country

Prime Minister Phan Van Khai visits Mongolia

Nhan Dan Oct. 3--Prime Minister Phan Van Khai paid a working visit to Mongolia on October 2 at the invitation of his Mongolian counterpart R. Amarjargal, after Mr. Khai's Scandinavian tour.

Mr. Khai held talks with Mr. R. Amarjargal and Mongolian Parliament Chairman R. Gonchigdorj on measures to strengthen the friendship and co-operation between the two countries as well as international and regional issues of common concern.