Hanoi Comprehensive News,On June 20th,Putin arrives in Hanoi for a state visit to Vietnam. Vietnamese President Surin welcomed Putin's visit with the highest level of national etiquette at the Presidential Palace. The two held talks afterwards. Sulin held a joint press conference afterwardsWhen asked about the outcome of the talks, he said that both sides had adopted a joint statement on deepening the comprehensive strategic partnership between the two countries.

besides,Sulin and Putin also witnessed the signing and exchange of representatives from the two countries11 agreements and memoranda covering fields such as oil and gas, nuclear science, and education. Putin said at a press conference that strengthening strategic relations is one of his top priorities for this trip. The two countries discussed the establishment of a necessary and reliable security architecture in the Asia Pacific region based on the principles of non resort to force and peaceful resolution of differences.It is reported that,Vietnam is the second stop of Putin's Asia tour. hestayDuring his visit to Pyongyang, he signed a mutual defense agreement with North Korean leader Kim Jong un, who also expressed full support for Russia's war in Ukraine.

02Malaysia announces new framework for Second Home Plan

According to Agence France Presse, the Malaysian government has recently approved a new framework for the Second Home Plan, which includes an Economic and Financial Special Zone group. Applicants for the Economic and Financial Special Zone group must be at least 21 years old. Applicants under the age of 50 must have a fixed deposit of $65000, while those aged 50 and above must have a fixed deposit of $32000. The maximum duration of the visa is 10 years, and it must be renewed every five years thereafter. In addition, the new framework also stipulates that all applicants must purchase property in Malaysia. Among them, applicants for the Silver group must purchase properties worth RM600000 or more, RM1 million for the Gold group, and RM2 million for the Platinum group. Applicants in the special economic zone group must purchase property through designated developers, and the minimum value of the house is determined by the state governments.

This is the Second Home PlanSince its introduction in 2002, the authorities have mandated for the first time that applicants must purchase property in Malaysia. This has caused a stir among many applicants, and online discussion forums have also sparked heated discussions. During a media interview, Liu Rongfa, the President of the National Advisory Association for the Second Home Plan, said that while promoting real estate and economic development through the Second Home Plan is a good thing, if the new regulations on mandatory property purchases lead to a decrease in the number of applicants, it may backfire and fail to achieve the expected results. The newly established Economic and Financial Special Zone group is believed to attract investors interested in entering the Johor Singapore Special Economic Zone and Forest City Financial Zone.

military

01South Korea may provide lethal weapons to Ukraine

Bloomberg reported that Russian President Putin signed the Comprehensive Strategic Partnership Agreement with North Korean leader Kim Jong un in Pyongyang on June 19th. According to the agreement, if both parties are invaded, they will support each other. After reaching a new military agreement between Russia and North Korea, on June 20th, Zhang Haozhen, the head of the National Security Office of the South Korean Presidential Office, said at a press conference that South Korea will reconsider its policy of banning the export of lethal weapons to countries such as Ukraine. He expressed significant concerns about the contract reached between Russia and North Korea, which South Korea believes violates United Nations Security Council resolutions.

Previously, the Kremlin stated that if South Korea supplies weapons to Ukraine, it will become a participant in the conflict. Former Russian President Medvedev hinted that Russia may respond by selling advanced weapons to North Korea. It is understood that the artillery units of South Korea and North Korea are among the largest in the world, with thousands of large caliber guns aimed at each other in various parts of the demilitarized zone that separates the two countries.

01Thai Prime Minister submits budget proposal for fiscal year 2025

According to comprehensive news from Bangkok, on June 19th, Thai Prime Minister Sata submitted a budget proposal for the 2025 fiscal year, with a total amount of 3.75 trillion Thai baht. Sata stated that the 2025 fiscal year budget is a continuation of the 2024 fiscal year budget, with a focus on developing major industries including tourism, healthcare, agriculture and food, industrial transportation, and aviation. Especially in the tourism industry, the Thai government expects the number of inbound tourists to exceed 36.7 million throughout the year, returning to pre pandemic levels. To this end, the government will expand the local airport network, improve air transportation capacity, and connect roads, railways, ships, etc., making Thailand a transportation hub to Cambodia, Laos, Myanmar, and Vietnam.

According to the new budget proposal,The expenditure for fiscal year 2025 will increase by 7.8% compared to the current year, while the budget deficit will increase by 24.9%, reaching 866 billion Thai baht, accounting for 4.4% of the gross domestic product. Saita stated that this budget will unleash the economic potential of Thailand, creating more income for the people and the country, with an expected growth rate of 3.5%. However, the opposition party criticized that this budget is intended to address the government's own crisis rather than the country's urgent issues.

02Cambodia's exports to the UK reached 340 million US dollars in the first five months of this year

According to the Cambodia China Times, recently, according to statistics from the Cambodian Ministry of Commerce, before this yearIn five months, the trade volume between Cambodia and the UK reached 364 million US dollars, a year-on-year increase of 15.7%. Cambodia's exports to the UK reached 341 million US dollars, a year-on-year increase of 24%; Imports from the UK amounted to $23.39 million, a year-on-year decrease of 41%. The main types of goods exported from Cambodia to the UK are clothing, shoes, and travel supplies.

sinceStarting from April 1, 2023, the UK will implement a new developing country trade system to replace the existing Generalized System of Preferences, while Cambodia will automatically be included in the new system. Under the new system, Cambodia enjoys more favorable export conditions to the UK, including further simplification of duty-free export procedures for goods to the UK. In addition to enjoying tax-free and quota free benefits under the existing Generalized System of Preferences, adjustments have also been made to the requirements for the origin of goods, making it easier for those goods that are not 100% produced in Cambodia to be exported to the UK. In addition, Cambodia also signed a cooperation agreement with the UK in December last year to attract British companies to invest in Cambodia's infrastructure sector through "public-private partnerships".