US defense chief foresees boost in military ties

US Defense Secretary Leon Panetta said on June 3 that Vietnam-US relations still hold a lot of potential for further development as he was on board a Navy supply ship, the USNS Richard E. Byrd, currently anchored in Khanh Hoa province’s Cam Ranh Bay. 

Austrian President visits Vietnam

President Truong Tan Sang held talks with his Austrian counterpart, Heinz Fischer, immediately after an official welcome ceremony for the guest in Hanoi on May 29. 

Vietnam Business Forum 2012 opens

Vietnam Business Forum is scheduled to take place in the capital on May 29 focusing on infrastructure, capital markets, trade and investment, finance, banking and education.

Industrial production increases 4.2%

The index of industrial production (IIP) in the first five months of this year rose 4.2 percent over the same period last year, the Ministry of Planning and Investment said on May 25. 

WB: Vietnam’s economy becomes more stable

Vietnam’s economy is gradually entering a more stable macroeconomic environment after a prolonged period of heightened turbulence, said a World Bank report. 

Third Session of the National Assembly convenes

The third session of the National Assembly’s 13th tenure, began in Hanoi on May 21. 

National Assembly to approve 13 bills at third session

The third session of the 13th National Assembly will open on May 21, and is expected to approve 13 draft laws and seven resolutions, and comment on six other bills.

Vietnam launched second satellite

Vietnam ’s second satellite, the VINASAT-2, was successfully sent into orbit from Kourou in Guyana , South America, at 5:13 am on May 16 ( Vietnam time).

Vietnam-US Aviation Working Group

The first meeting of the Vietnam-US Aviation Cooperation Working Group was held in Hanoi on May 9.

ESCAP: Vietnam to grow at 5.8 percent in 2012

The UN Economic and Social Commission for Asia and the Pacific (ESCAP) has forecast the Vietnamese economy will grow at a rate of 5.8 percent in 2012 and the country’s inflation rate is likely to fall back to single digit by the second half of the year.