
Vietnam, Vatican seek to deepen bilateral ties
Pope Leo welcomed the meeting and noted the positive progress in bilateral ties, including the recent upgrade to the status of the Resident Representative of the Holy See in Vietnam. He voiced support for further exchanges through the Vietnam – Holy See Joint Working Group, aiming to strengthen cooperation in line with the aspirations of Vietnamese Catholics and the interests of both sides.
Vice President Xuan congratulated the Pope on his recent election and reaffirmed Vietnam's commitment to fostering relations with the Holy See. She praised the guidance and messages delivered by successive Popes to the Catholic Church in Vietnam and called on Pope Leo to continue encouraging the Church's engagement in national development.
The Vice President also conveyed invitations from Vietnam's leaders to the Pope and the Holy See's officials to visit the country. In response, Pope Leo expressed his appreciation for the invitations and affirmed his wish to visit the South-East Asian nation, aiming to demonstrate solidarity with the Vietnamese Catholic Church and community, and to further strengthen Vietnam–Vatican relations.
The same day, Xuan held talks with Archbishop Paul Richard Gallagher, Vatican Secretary for Relations with States. She proposed maintaining the effectiveness of the Joint Working Group mechanism and called for continued collaboration between the Holy See's Resident Representative and Vietnamese authorities in fulfilling pastoral missions. Vietnam will continue facilitating pastoral visits, she said.
Archbishop Gallagher congratulated Vietnam on its socio-economic achievements and welcomed recent positive developments in bilateral relations. He appreciated Vietnam's religious policies and affirmed the Vatican's willingness to boost ties and support future high-level exchanges.
The two sides also discussed regional and international issues of mutual concern. — Vietnam News/ANN
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Malay Mail
15 hours ago
- Malay Mail
South Korea prosecutors raid ex-president's party HQ after arrest of former first lady
SEOUL, Aug 13 — South Korean prosecutors raided the headquarters of the former party of jailed ex-president Yoon Suk Yeol on Wednesday to gather evidence in an election meddling case against his wife, a day after she was arrested on corruption and other charges. Former first lady Kim Keon Hee was arrested late Tuesday on a range of charges including stock manipulation and corruption, prosecutors said. Her arrest came hours after Seoul Central District Court reviewed the prosecutors' request for an arrest warrant against the 52-year-old. The court granted the warrant, citing the risk of tampering with evidence, after prosecutors submitted an 848-page opinion laying out Kim's alleged 'unlawful acts'. Prosecutors said Wednesday they raided the People Power Party office to collect evidence of Kim's alleged meddling in parliamentary elections. Yoon quit the party in May after his removal from office but endorsed its candidate in the snap presidential election that was won by the Democratic Party's Lee Jae Myung. Opposition leader Song Eon-seog slammed the raid as 'nothing short of gangster behaviour'. 'I cannot contain my outrage at the Lee Jae Myung administration's ruthless political persecution and retaliation against the opposition, spearheaded by the special prosecution,' Song said at a news briefing. With the arrest, South Korea now has a former president and first lady both behind bars for the first time in the nation's history. The charges against Kim include violations of capital market and financial investment laws, as well as political funds laws. The arrest caps a dramatic fall for the former first couple after Yoon's stunning martial law declaration on December 3, which saw soldiers deployed to parliament but was swiftly voted down by opposition MPs. Yoon, a former top prosecutor, was impeached and removed from office in April over the martial law declaration, prompting the country to hold a snap election in June. He has been in detention since July 10. Criticised over handbag Last week, Kim underwent hours-long questioning by prosecutors, who filed for an arrest warrant the next day. 'I sincerely apologise for causing trouble despite being a person of no importance,' Kim said as she arrived at the prosecutors' office on Wednesday. Controversy has long surrounded Kim, with lingering questions about her alleged role in stock manipulation. Public criticism was reignited in 2022 when a left-wing pastor filmed himself presenting her with a Dior handbag that she appeared to accept. She is also accused of interfering in the nomination process for MPs in Yoon's party, a violation of election laws. Yoon, as president, vetoed three special investigation bills passed by the opposition-controlled parliament that sought to probe the allegations against Kim, with the last veto issued in late November. A week later, Yoon declared martial law. Investigators also searched an interior company allegedly linked to Kim in connection with suspected favouritism in repairs to the presidential office. While she would typically have been held at the same detention centre as her husband, prosecutors on Monday requested that she be detained at a separate facility about 20 kilometres away. Her Presidential Security Service protection was terminated once the warrant was issued. Kim can be held for up to 20 days as prosecutors prepare to formally indict her, legal expert Kim Nam-ju told AFP. 'Once Kim is indicted, she could remain detained for up to six months,' the lawyer said. The former first lady can challenge the warrant in court as unlawful, 'but given the current circumstances, there appears to be a high risk of evidence destruction, making it unlikely that the warrant will be revoked and the individual released,' he added. 'Another option is bail, but this too is not granted if there are concerns about the destruction of evidence.' — AFP


The Star
16 hours ago
- The Star
Vietnam wants to be next Asian tiger and it's overhauling its economy to make it happen
HANOI: Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi's central party school, Communist Party chief To Lam declared the arrival of "a new era of development' late last year. The speech was more than symbolic - it signaLled the launch of what could be Vietnam's most ambitious economic overhaul in decades. Vietnam aims to get rich by 2045 and become Asia's next "tiger economy' - a term used to describe the earlier ascent of countries like South Korea and Taiwan. The challenge ahead is steep: Reconciling growth with overdue reforms, an ageing population, climate risks and creaking institutions. There's added pressure from President Donald Trump over Vietnam's trade surplus with the US, a reflection of its astounding economic trajectory. In 1990, the average Vietnamese could afford about US$1,200 worth of goods and services a year, adjusted for local prices. Today, that figure has risen by more than 13 times to $16,385. Vietnam's transformation into a global manufacturing hub with shiny new highways, high-rise skylines and a booming middle class has lifted millions of its people from poverty, similar to China. But its low-cost, export-led boom is slowing and it faces a growing obstacle to its proposed reforms - expanding private industries, strengthening social protections and investing in technology and green energy - from climate change. "It's all hands on deck.... We can't waste time anymore," said Mimi Vu of the consultancy Raise Partners. Investment has soared, driven partly by US-China trade tensions, and the US is now Vietnam's biggest export market. Once-quiet suburbs have been replaced with industrial parks where trucks rumble through sprawling logistics hubs that serve global brands. Vietnam ran a $123.5 billion trade surplus with the US trade in 2024, angering Trump, who threatened a 46% U.S. import tax on Vietnamese goods. The two sides appear to have settled on a 20% levy, and twice that for goods suspected of being transshipped, or routed through Vietnam to avoid US trade restrictions. During negotiations with the Trump administration, Vietnam's focus was on its tariffs compared to those of its neighbours and competitors, said Daniel Kritenbrink, a former US ambassador to Vietnam. "As long as they're in the same zone, in the same ballpark, I think Vietnam can live with that outcome," he said. But he added that questions remain over how much Chinese content in those exports might be too much and how such goods will be taxed. Vietnam was preparing to shift its economic policies even before Trump's tariffs threatened its model of churning out low-cost exports for the world, aware of what economists call the "middle-income trap,' when economies tend to plateau without major reforms. To move beyond that, South Korea bet on electronics, Taiwan on semiconductors, and Singapore on finance, said Richard McClellan, founder of the consultancy RMAC Advisory. But Vietnam's economy today is more diverse and complex than those countries were at the time and it can't rely on just one winning sector to drive long-term growth and stay competitive as wages rise and cheap labour is no longer its main advantage. It needs to make "multiple big bets,' McClellan said. Following China's lead, Vietnam is counting on high-tech sectors like computer chips, artificial intelligence and renewable energy, providing strategic tax breaks and research support in cities like Hanoi, Ho Chi Minh City, and Danang. It's also investing heavily in infrastructure, including civilian nuclear plants and a $67 billion North-South high-speed railway, that will cut travel time from Hanoi to Ho Chi Minh City to eight hours. Vietnam also aspires to become a global financial centre. The government plans two special financial centres, in bustling Ho Chi Minh City and in the seaside resort city of Danang, with simplified rules to attract foreign investors, tax breaks, support for financial tech startups, and easier ways to settle business disputes. Underpinning all of this is institutional reform. Ministries are being merged, low-level bureaucracies have been eliminated and Vietnam's 63 provinces will be consolidated into 34 to build regional centres with deeper talent pools. Vietnam is counting on private businesses to lead its new economic push - a seismic shift from the past. In May, the Communist Party passed Resolution 68. It calls private businesses the "most important force' in the economy, pledging to break away from domination by state-owned and foreign companies. So far, large multinationals have powered Vietnam's exports, using imported materials and parts and low-cost local labour. Local companies are stuck at the low-end of supply chains, struggling to access loans and markets that favored the 700-odd state-owned giants, from colonial-era beer factories with arched windows to unfashionable state-run shops that few customers bother to enter. "The private sector remains heavily constrained," said Nguyen Khac Giang of Singapore's ISEAS-Yusof Ishak Institute. Again emulating China, Vietnam wants "national champions' to drive innovation and compete globally, not by picking winners, but by letting markets decide. The policy includes easier loans for companies investing in new technology, priority in government contracts for those meeting innovation goals, and help for firms looking to expand overseas. Even mega-projects like the North-South High-Speed Rail, once reserved for state-run giants, are now open to private bidding. By 2030, Vietnam hopes to elevate at least 20 private firms to a global scale. But Giang warned that there will be pushback from conservatives in the Communist Party and from those who benefit from state-owned firms. Even as political resistance threatens to stall reforms, climate threats require urgent action. After losing a major investor over flood risks, Bruno Jaspaert knew something had to change. His firm, DEEP C Industrial Zones, houses more than 150 factories across northern Vietnam. So it hired a consultancy to redesign flood resilience plans. Climate risk is becoming its own kind of market regulation, forcing businesses to plan better, build smarter, and adapt faster. "If the whole world will decide it's a can go very fast,' said Jaspaert. When Typhoon Yagi hit last year, causing US$1.6 billion in damage, knocking 0.15% off Vietnam's GDP and battering factories that produce nearly half the country's economic output, roads in DEEP C industrial parks stayed dry. Climate risks are no longer theoretical: If Vietnam doesn't take strong action to adapt to and reduce climate change, the country could lose 12-14.5% of its GDP each year by 2050, and up to one million people could fall into extreme poverty by 2030, according to the World Bank. Meanwhile, Vietnam is growing old before it gets rich. The country's "golden population' window - when working-age people outnumber dependents - will close by 2039 and the labour force is projected to peak just three years later. That could shrink productivity and strain social services, especially since families - and women in particular - are the default caregivers, said Teerawichitchainan Bussarawan of the Centre for Family and Population Research at the National University of Singapore. Vietnam is racing to pre-empt the fallout by expanding access to preventive healthcare so older adults remain healthier and more independent. Gradually raising the retirement age and drawing more women into the formal workforce would help offset labor gaps and promote "healthy aging,' Bussarawan said. - AP


Malaysiakini
a day ago
- Malaysiakini
Tariff-wise, Trump holds the upper hand
YOURSAY | How to fight a strong man wielding a big sword using just a pen knife? COMMENT | Malaysia's pusillanimous foreign policy Koel: A thoughtful and timely article by former attorney-general Tommy Thomas. Handing over US$70 billion when Malaysia's total investments held in the US are US$43 billion? This is madness! Does Malaysia have a coherent foreign policy in these troubled times? We hardly see or hear from Foreign Minister Mohamad Hasan. It is time to go back to the spirit of the non-aligned movement, and time to actively seek alternative trade partners. The world is seeing the fallout of putting all your eggs in one basket. All you need is one madman to destroy everything. As we see right now, there is no stability to this White House administration. How much of what's happening is about helping that country? How much is the self-interest and greed of a businessperson in the highest office of that country? Nobody seems clear. Not even his aides. In such uncharted territories, smiles and flattery are not going to get us very far. People also need to look at who suffers the worst in these 'tariff wars'. There is a white, supremacist, and racist element to these trade wars that hints at a neocolonial stance. Some of the worst hit are the countries of the Global South, and that is by design. In case your history is weak, what did the colonisers do? Impoverish, extract, and dominate. Of course, in most cases, they will find local collaborators, lackeys to help them in this pursuit. We are probably seeing the first part of this strategy of impoverishing some of the poorest countries in the world. To what end? In case anyone missed it, local media ran an article that highlighted a case in Vietnam of a land grab that might hint at what is also at play with US President Donald Trump's administration. Land used for farming in North Vietnam was suddenly taken away and given to the Trumps for them to build golf resorts. Thousands of Vietnamese farmers were suddenly asked to move out with pitiful amounts of compensation that are hardly sustainable. All part of the tariff talks. Of course, the Vietnamese leaders who struck this deal are not personally affected, and the move will be framed as 'boosting the economy', but at what cost to the Vietnamese farmers? Such is the danger when governments fail to stand up to foreign bullies. Time to think strategically and open our markets to friendly, just, and mature nations and governments. Malaysia's interests, independence, and sovereignty must be safeguarded. The government should not reduce us to the status of a vassal state. Do we have any pundits at the moment to help this government steer through these trade wars? We cannot afford to send children to negotiate with the sharks! For a Better World: Thomas has done his research meticulously by quoting a vast array of published material. But his liberal, anti-Trump ideology can be difficult to observe or distinguish, but it pervades his discussion and analysis. Why blame the world's problems and ills on the US and its present leader, Trump? He won the national popular vote with 49.8 percent while his rival secured 48.3 percent. Respect it, but if Trump transgresses his country's Constitution or laws, he can be sacked/impeached by US Congress members. I agree that the US is a superpower, but so is Russia and, to some extent, China and the European Union. The way Thomas articulates it, it looks like it's Trump's fault for every conceivable bad and controversial issue that arises in human society on this Earth. Do Trump and his ruling elite have such unimaginable power? GP2025: Prime Minister Anwar Ibrahim has always been all talk and namby-pamby in actions. He hides behind 'international diplomacy' so that he need not be tough. He is useless, and the majority know it and want him out of government. Unfortunately, the minorities, whom he has taken for a ride and who don't want to face it, still support him. Anwar is expected to do his job. No amount of criticism is going to help him perform. That's asking too much of someone who can't deliver. The best thing to do now is to support Perikatan Nasional's initiative to remove him from government. HOYOHOYO: Tommy, it's easy to write as a lawyer. Facing the drastic consequences is another thing. Anwar is wise in his response to Trump. A 19 percent tariff on all US-imported goods will lead to exorbitant tariffs on our exports. He had repeatedly warned against retaliation. High tariffs will obliterate the entire exporting industry overnight. The wisdom of inviting Trump to visit Kuala Lumpur is to massage his ego. How to fight a strong man wielding a big sword using just a pen knife? Anwar chooses reality to avoid the consequences that you are not facing in the comfort of your office. Scoop: Slap a 19 percent tariff on US goods? What happens to the tariff on Malaysia? Ask Canada, India, and China. Trump doubled the tariffs on those who imposed reciprocal/retaliatory tariffs. What would happen if Malaysia's tariff rate ended up close to double that of Vietnam, Thailand, and Indonesia? Almost three times higher than Japan and South Korea? Tommy is a corporate law specialist, not an international trade specialist or economist. Oh, and the piece is way too complimentary of former prime minister Mahathir Mohamad's foreign policy. Hmmmmmmmm: Tommy, I find your views too simplistic. Regarding our response to US tariffs, it looks like a case of 'damned if I do and damned if I don't'. The problem in this country is that we do not choose the best brains to lead us. If we have the best advisors, then we can be confident that the decisions made by the government are for the best. As it is, we will always wonder if we made the right decisions. I also wonder what the point is with trading with the US if we do not ultimately make a profit. The above is a selection of comments posted by Malaysiakini subscribers. Only paying subscribers can post comments. In the past year, Malaysiakinians have posted over 100,000 comments. Join the Malaysiakini community and help set the news agenda. Subscribe now. These comments are compiled to reflect the views of Malaysiakini subscribers on matters of public interest. Malaysiakini does not intend to represent these views as fact.