Latest news with #Cuong
See - Sada Elbalad
7 days ago
- Business
- See - Sada Elbalad
Vietnamese President Visits Arab League Headquarters in Cairo
Mohamed Mandour Ahmed Aboul Gheit, Secretary-General of the Arab League, met Monday with Vietnamese President Luong Cuong at the League's headquarters in Cairo, marking a high-level diplomatic engagement aimed at strengthening Arab-Vietnamese ties. President Cuong, who is on an official visit to Egypt, was accompanied by a senior delegation including the head of the Communist Party's Internal Political Committee and the Ministers of Foreign Affairs, Defense, and Education. According to Arab League spokesperson Gamal Roshdy, Aboul Gheit welcomed President Cuong and highlighted the importance of boosting cooperation between Vietnam and the Arab League and its member states. The meeting built on a memorandum of understanding signed between the two sides in 2023, with both parties expressing interest in enhancing collaboration in trade, industry, technology, innovation, and cultural exchange. Aboul Gheit also praised Vietnam's consistent support for the Palestinian cause, which remains a central issue for the Arab League. He commended Vietnam's endorsement of a two-state solution and its backing of full Palestinian membership at the United Nations. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
Kuwait Times
06-07-2025
- Business
- Kuwait Times
Vietnam's laid-off communist officials face uncertain future
HANOI: Vietnamese lawmakers take part in a vote on merging provinces and cities at the National Assembly in Hanoi in this June 12, 2025 file photo.-- AFP HANOI: Sipping green tea in his garden of roses, ex-communist party official Nguyen Van Cuong says he is 'jobless but happy' after Vietnam cut 80,000 state roles this week. But fretting at home after leaving public employment once considered a job-for-life, Nguyen Thi Thu told AFP she feels 'empty' over a future that is no longer certain. Vietnam is in the midst of a dramatic remaking of its state apparatus, with 100,000 positions slated to be scrapped as Hanoi seeks to streamline bureaucracy and boost the economy. On Monday, 80,000 roles were slashed as most of the Southeast Asian nation's provinces and cities were merged. Feelings are mixed among newly unemployed apparatchiks - communist party officials whose jobs were once guaranteed. 'It's really a waste for the state to lose one like myself,' said 56-year-old Cuong, who served in Bac Giang province outside Hanoi. Bac Giang was merged into a neighboring province's administration. The government said those caught in the overhaul would either be made redundant or offered early retirement. Cuong told AFP he could have remained in his post - or even been promoted - but chose to accept a $75,000 payoff for his remaining six years after a 30-year state career. 'It's time to rid myself of so much complexity in state politics,' he said. The mass reorganization overseen by Vietnam's top leader To Lam echoes steps taken by US President Donald Trump and Argentine leader Javier Milei to take an axe to government spending towards 'efficiency'. Former district-level secretary Thu admits she may not have been able to manage the burdens of the job as management prioritized performance. The 50-year-old felt she had no option but to resign when her office was relocated to the Mekong delta province of An Giang, more than 70 kilometers from her home. 'I resigned, not because I wanted to quit my job,' Thu said. 'It's better to resign rather than waiting for a dismissal order.' Vietnam - a global manufacturing hub - recorded economic growth of 7.1 percent last year and is aiming for eight percent this year as it vies for 'middle-income country' status by 2030. But the country is facing headwinds from key trade partner the United States. Trump threatened a 46 percent tariff before settling on a 20 percent rate in a deal announced on Wednesday - a levy five times the rate before he took office the second time. Vietnam's deputy finance minister said the new administrative structure would bring 'strong scale to connect strong business and economic infrastructure' and create 'greater socio-economic development'. Lam, the Communist Party general secretary, said Monday that 'the decision to reshape the nation is a historical landmark with strategic meaning' aiming 'to continue our path towards a socialist country... for people's happiness'. But for Thu, the way forward is now unclear. 'I don't know what to do next,' she said. Scrolling carefree on his phone and chatting with friends online, Cuong said he had few regrets over his voluntary redundancy. He feels like Vietnam may be the one missing out on what he has to offer. 'I could still contribute more to the state sector,' he said.- AFP
Business Times
06-07-2025
- Business
- Business Times
Vietnam's laid-off communist officials face uncertain future
[HANOI] Sipping green tea in his garden of roses, ex-communist party official Nguyen Van Cuong says he is 'jobless but happy' after Vietnam cut 80,000 state roles this week. But fretting at home after leaving public employment once considered a job-for-life, Nguyen Thi Thu told AFP she feels 'empty' over a future that is no longer certain. Vietnam is in the midst of a dramatic remaking of its state apparatus, with 100,000 positions slated to be scrapped as Hanoi seeks to streamline bureaucracy and boost the economy. On Monday, 80,000 roles were slashed as most of the nation's provinces and cities were merged. Feelings are mixed among newly unemployed apparatchiks – communist party officials whose jobs were once guaranteed. 'It's really a waste for the state to lose one like myself,' said 56-year-old Cuong, who served in Bac Giang province outside Hanoi. Bac Giang was merged into a neighbouring province's administration. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The government said those caught in the overhaul would either be made redundant or offered early retirement. Cuong told AFP he could have remained in his post – or even been promoted – but chose to accept a US$75,000 payoff for his remaining six years after a 30-year state career. 'It's time to rid myself of so much complexity in state politics,' he said. The mass reorganisation overseen by Vietnam's top leader To Lam echoes steps taken by US President Donald Trump and Argentine leader Javier Milei to take an axe to government spending towards 'efficiency'. 'Don't know what's next' Former district-level secretary Thu admits she may not have been able to manage the burdens of the job as management prioritised performance. The 50-year-old felt she had no option but to resign when her office was relocated to the Mekong Delta province of An Giang, more than 70 km from her home. 'I resigned, not because I wanted to quit my job,' Thu said. 'It's better to resign rather than waiting for a dismissal order.' Vietnam – a global manufacturing hub – recorded economic growth of 7.1 per cent last year and is aiming for eight per cent this year as it vies for 'middle-income country' status by 2030. But the country is facing headwinds from key trade partner the US. Trump threatened a 46 per cent tariff before settling on a 20 per cent rate in a deal announced on Wednesday – a levy five times the rate before he took office the second time. Vietnam's deputy finance minister said the new administrative structure would bring 'strong scale to connect strong business and economic infrastructure' and create 'greater socio-economic development'. Lam, the Communist Party general secretary, said Monday that 'the decision to reshape the nation is a historical landmark with strategic meaning' aiming 'to continue our path towards a socialist country... for people's happiness'. But for Thu, the way forward is now unclear. 'I don't know what to do next,' she said. Scrolling carefree on his phone and chatting with friends online, Cuong said he had few regrets over his voluntary redundancy. He feels like Vietnam may be the one missing out on what he has to offer. AFP
The Sun
06-07-2025
- Business
- The Sun
Vietnam's laid-off communist officials face uncertain future
HANOI: Sipping green tea in his garden of roses, ex-communist party official Nguyen Van Cuong says he is 'jobless but happy' after Vietnam cut 80,000 state roles this week. But fretting at home after leaving public employment once considered a job-for-life, Nguyen Thi Thu told AFP she feels 'empty' over a future that is no longer certain. Vietnam is in the midst of a dramatic remaking of its state apparatus, with 100,000 positions slated to be scrapped as Hanoi seeks to streamline bureaucracy and boost the economy. On Monday, 80,000 roles were slashed as most of the Southeast Asian nation's provinces and cities were merged. Feelings are mixed among newly unemployed apparatchiks -- communist party officials whose jobs were once guaranteed. 'It's really a waste for the state to lose one like myself,' said 56-year-old Cuong, who served in Bac Giang province outside Hanoi. Bac Giang was merged into a neighbouring province's administration. The government said those caught in the overhaul would either be made redundant or offered early retirement. Cuong told AFP he could have remained in his post -- or even been promoted -- but chose to accept a $75,000 payoff for his remaining six years after a 30-year state career. 'It's time to rid myself of so much complexity in state politics,' he said. The mass reorganisation overseen by Vietnam's top leader To Lam echoes steps taken by US President Donald Trump and Argentine leader Javier Milei to take an axe to government spending towards 'efficiency'. 'Don't know what's next' Former district-level secretary Thu admits she may not have been able to manage the burdens of the job as management prioritised performance. The 50-year-old felt she had no option but to resign when her office was relocated to the Mekong delta province of An Giang, more than 70 kilometres (44 miles) from her home. 'I resigned, not because I wanted to quit my job,' Thu said. 'It's better to resign rather than waiting for a dismissal order.' Vietnam -- a global manufacturing hub -- recorded economic growth of 7.1 percent last year and is aiming for eight percent this year as it vies for 'middle-income country' status by 2030. But the country is facing headwinds from key trade partner the United States. Trump threatened a 46 percent tariff before settling on a 20 percent rate in a deal announced on Wednesday -- a levy five times the rate before he took office the second time. Vietnam's deputy finance minister said the new administrative structure would bring 'strong scale to connect strong business and economic infrastructure' and create 'greater socio-economic development'. Lam, the Communist Party general secretary, said Monday that 'the decision to reshape the nation is a historical landmark with strategic meaning' aiming 'to continue our path towards a socialist country... for people's happiness'. But for Thu, the way forward is now unclear. 'I don't know what to do next,' she said. Scrolling carefree on his phone and chatting with friends online, Cuong said he had few regrets over his voluntary redundancy. He feels like Vietnam may be the one missing out on what he has to offer. 'I could still contribute more to the state sector,' he said.
The Star
06-07-2025
- Business
- The Star
Vietnam's laid-off communist officials face uncertain future
Vietnam is remaking its state apparatus, with 100,000 positions slated to be scrapped as Hanoi seeks to streamline bureaucracy and boost the economy. - Photo: AFP HANOI: Sipping green tea in his garden of roses, ex-communist party official Nguyen Van Cuong says he is "jobless but happy" after Vietnam cut 80,000 state roles this week. But fretting at home after leaving public employment once considered a job-for-life, Nguyen Thi Thu told AFP she feels "empty" over a future that is no longer certain. Vietnam is in the midst of a dramatic remaking of its state apparatus, with 100,000 positions slated to be scrapped as Hanoi seeks to streamline bureaucracy and boost the economy. On Monday, 80,000 roles were slashed as most of the Southeast Asian nation's provinces and cities were merged. Feelings are mixed among newly unemployed apparatchiks -- communist party officials whose jobs were once guaranteed. "It's really a waste for the state to lose one like myself," said 56-year-old Cuong, who served in Bac Giang province outside Hanoi. Bac Giang was merged into a neighbouring province's administration. The government said those caught in the overhaul would either be made redundant or offered early retirement. Cuong told AFP he could have remained in his post -- or even been promoted -- but chose to accept a $75,000 payoff for his remaining six years after a 30-year state career. "It's time to rid myself of so much complexity in state politics," he said. The mass reorganisation overseen by Vietnam's top leader To Lam echoes steps taken by US President Donald Trump and Argentine leader Javier Milei to take an axe to government spending towards "efficiency". - 'Don't know what's next' - Former district-level secretary Thu admits she may not have been able to manage the burdens of the job as management prioritised performance. The 50-year-old felt she had no option but to resign when her office was relocated to the Mekong delta province of An Giang, more than 70 kilometres (44 miles) from her home. "I resigned, not because I wanted to quit my job," Thu said. "It's better to resign rather than waiting for a dismissal order." Vietnam -- a global manufacturing hub -- recorded economic growth of 7.1 percent last year and is aiming for eight percent this year as it vies for "middle-income country" status by 2030. But the country is facing headwinds from key trade partner the United States. Trump threatened a 46 percent tariff before settling on a 20 percent rate in a deal announced on Wednesday -- a levy five times the rate before he took office the second time. Vietnam's deputy finance minister said the new administrative structure would bring "strong scale to connect strong business and economic infrastructure" and create "greater socio-economic development". Lam, the Communist Party general secretary, said Monday that "the decision to reshape the nation is a historical landmark with strategic meaning" aiming "to continue our path towards a socialist country... for people's happiness". But for Thu, the way forward is now unclear. "I don't know what to do next," she said. Scrolling carefree on his phone and chatting with friends online, Cuong said he had few regrets over his voluntary redundancy. He feels like Vietnam may be the one missing out on what he has to offer. "I could still contribute more to the state sector," he said. - AFP
