Aquino expects more Vietnamese businessmen to invest in RP

President Benigno S. Aquino III hopes to attract more Vietnamese investors to fuel their
capital to the Philippines after his two-day state visit here.

In a press conference, the Chief Executive cited a Vietnamese business process outsourcing
(BPO) firm for “leading the way” by putting up a shop in the Philippines, saying this would
further strengthen the relations between the two countries.

“There is a Vietnamese BPO company that I understand is already setting up in the country.
It’s small but this will enhance the trade between our countries,” the President said.

In a separate interview, Secretary Ramon Carandang of the Presidential Communications
Development and Strategic Planning Office noted that “the Philippines rice from Vietnam.”

Philippine Ambassador to Vietnam Jerril Santos said that a total of $308.97-million has been
poured into the country by companies from the Philippines, making RP the fourth top ASEAN
investor in Vietnam. These include investments in agriculture and information technology.

President Aquino expressed hope that with his visit here, more Vietnamese businessmen will
be enticed to invest in the Philippines. (PCOO/PIA)

Aquino proposes more cultural exchanges between RP, Vietnam

President Benigno S. Aquino III proposed the holding of more cultural exchanges between
the Philippines and Vietnam to commemorate the 35th anniversary of the establishment of
diplomatic ties between the two countries next year.

In a toast at the state banquet hosted by President Nguyen Minh Triet at the government
guesthouse here Tuesday evening, President Aquino assured his Vietnamese counterpart
that relations between the two countries will continue to prosper under his administration.

The President expressed great satisfaction with the signing of four agreements between the
Philippines and Vietnam which will strengthen cooperation in higher education, defense and
maritime affairs. He said the mutual commitment of both countries to find additional areas of
cooperation will benefit the Filipino and Vietnamese peoples.

Triet in turn, expressed his gratitude for the strong support given by the Philippines during it’s
chairmanship of the ASEAN, and reiterated his confidence that the Philippines will make even
bigger progress under President Aquino’s leadership.

Vietnam has been a strategic partner of the country for the past 34 years after the
establishment of bilateral ties between the two nations in 1976.

Since then, relations between the two countries have consistently grown to encompass not
just politics, but more importantly, trade and investments, education, defense, fisheries,
maritime and ocean affairs, and environmental concerns, among others. (PCOO/PIA)

Aquino in Vietnam for state visit, ASEAN summit

BARELY a month after conducting a working visit to the United States, President Benigno
Aquino III left for his first state visit to Vietnam and for the Association of Southeast Asian
Nations (ASEAN) summit.

The President boarded Philippine Airlines flight PR591, which took off 7:20 a.m. Tuesday.
He was joined by a delegation of at least 52 people.

The Philippine government is set to sign four agreements with Vietnam on education
cooperation, defense cooperation, oil spill preparedness and response, and search and
rescue at sea.

After the state visit, Aquino will attend the 17th ASEAN summit on Octobe 28 to 30.
Aquino will also meet with Filipino and Vietnamese businessmen and with members of the
community of 3,500 Filipinos working in Vietnam.

At the ASEAN summit, the Philippine president is expected to talk about greater regional
cooperation and human rights, among others.

The President is scheduled to return to Manila on Sunday, October 31. (PIA)

March exports grow 43.7%, highest since 1991

MERCHANDISE exports rose 43.7% in March as demand from the country’s main markets continued to recover along with the global economy.

Data from the National Statistics Office (NSO) showed that the country’s export earnings for the third month of 2010 rose to $4.18 billion from the year-ago level of $2.9 billion. On a monthly basis, exports rose 17% from $3.57 billion in February. Overall, exports jumped 42.9 % in the first quarter.

Acting Socioeconomic Planning Secretary Augusto Santos said this is the highest year-on-year increase since the National Statistics Office started compiling monthly exports statistics in 1991.

Shipments of electronics, which dominate exports and are largely assembled from imported parts, climbed 49.1% year-on-year to $2.42 billion in March after a 53.3% jump in February.

The Philippines expects exports to grow 12% and imports to rise 18% in 2010. In 2009, exports fell 21.9%, not as sharp as the government’s forecast drop of 25%.

The main electronics industry group expects shipments to grow 20% or more this year on strong demand from China and India.

The government may consider raising its 2.6%-3.6% economic growth target for 2010 amid a slew of strong indicators this year. (PIA-Bohol)

DA bans entry of birds, poultry products from Germany and France

The Department of Agriculture imposed a temporary ban on bird and poultry imports from Germany and France due to reported occurrence of avian influenza (AI) or bird flue in said areas. This is in step with the government’s sustained efforts to keep the country free of the bird flu virus.

The Philippines along with Brunei and Singapore are the only AI-free countries in Southeast Asia.

Under the Avian Influenza Protection Program (AIPP), the DA is also implementing an Applied Veterinary Epidemiology Training (AVET) Program to strengthen the capacity of the field veterinary services, especially at the local level, in designing and managing disease surveillance, conducting outbreak investigation and effective outbreak containment measures.

Besides these measures, 20 critical areas are under surveillance especially during the bird migration season of October to February. (PIA)

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NYC invites applicants for Japan youth exchange program

The National Youth Commission (NYC) is now accepting applicants for Student Ambassadors and Supervisors to a 10-day Visit to Japan as part of the Japan-East Asia Network of Exchange for Students and Youths (JENESYS) Program. This program is in partnership with the Japan International Cultural Center (JICC) of the Embassy of Japan and the Japan International Cooperation Center (JICE).

The JENESYS Program is an annual youth exchange program that provides the youth with the opportunity to visit ASEAN countries and Japan, and establish friendship with their counterparts.

The delegates will live on board a Japanese luxury ship. While on country visits, they undertake various activities such as courtesy call, interaction with local youth, institutional visits, and homestay with local families.

The Program aims to deepen understanding of the different facets of the Japanese society including politics, diplomacy, economics and culture and to form the basis of future vision and construct firm solidarity among Asian countries which will promote mutual understanding of the future generation of ASEAN and East Asia Summit member countries.

To qualify for the JENESYS Programme of student ambassadors, applicants must be Filipino, single, must be between 16 to 18 years old, on or before April 1, 2010; and of good moral character.

For more details on the requirements, please go to the NYC website www.youth.net.ph. Visit the Embassy of Japan and the Japan International Cooperation Center (JICE). Or Click here for the full article. (PIA)