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Global Times: Xi to kick off trip to Vietnam; first state visit of 2025 ‘highlights importance of neighborhood diplomacy’

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BEIJING, April 13, 2025 /PRNewswire/ — General Secretary of the Communist Party of China (CPC) Central Committee and Chinese President Xi Jinping will pay a state visit to Vietnam from April 14 to 15, at the invitation of General Secretary of the Communist Party of Vietnam Central Committee To Lam and President of the Socialist Republic of Vietnam Luong Cuong, a Chinese foreign ministry spokesperson has announced.

The Global Times reporters observed on Sunday that the streets of Hanoi were adorned with the national flags of China and Vietnam to welcome Xi’s arrival. Vietnamese from various sectors expressed to the Global Times their warm welcome for the Chinese leader’s visit, anticipating that the “comrades plus brothers” friendship between China and Vietnam will open a new chapter.

While riding the China-constructed Cat Linh-Ha Dong elevated railway in Hanoi – the first metro line in Vietnam – on Sunday, Global Times reporters ran into 73-year-old Ade (pseudonym) and his wife, who were chatting with friends and heading downtown for a fun outing.

Ade told reporters that he heard about the Chinese leader’s visit to Vietnam on the news, and that he was glad to see ChinaVietnam relations getting stronger. “We hope more collaborative projects like the metro can take place between the two sides, which have made our daily lives convenient. My wife and I seldom went to downtown Hanoi before the metro was set up, but now we can enjoy the ride every now and then,” he said.

Global Times reporters also visited Hanyu Shuiping Kaoshi (HSK or Chinese Proficiency Test) site at the Confucius Institute of Hanoi University on Saturday. By 7 am, candidates have already gathered in the garden outside, sitting on benches or along the curb, reviewing their notes as they waited to register. Around 8 am, examinees began entering the venue – many appeared in their 20s and accompanied by their parents.

“I want to study in China because we’re neighbors, and our social and economic ties are growing closer.” “If you can speak Chinese, it’s easier to get a job,” students taking the HSK told the Global Times, as they shared that the HSK is now seen as one of the most valuable and sought-after exams among Vietnamese youth.

Qin Yonghua, Chinese Director of the Confucius Institute jointly established by Guangxi Normal University and Hanoi University, told the Global Times that “There is data showing that 81 percent of Vietnamese youth with study experience in China develop a more positive perception of the country, far higher than among those with no direct exposure.”

“Language has never been just a communication tool. Vietnam’s ‘Chinese language fever’ is helping to build trust at the people-to-people level and strengthen the foundation of ChinaVietnam friendship, allowing our traditional ties to flourish,” Qin said.

Significant friendship

This marks Xi’s fourth state visit to Vietnam as general secretary of the CPC Central Committee and Chinese president. The trip coincides with the 75th anniversary of diplomatic ties between China and Vietnam, two socialist neighbors that have forged an enduring bond as “comrades and brothers,” according to Xinhua News Agency.

On the eve of the visit, Chinese Ambassador to Vietnam He Wei told the Global Times in an exclusive interview that this year carries special significance for bilateral relations, as it marks the 75th anniversary of the establishment of diplomatic ties between China and Vietnam, as well as the Year of People-to-People Exchanges.

He emphasized that the 75-year journey has repeatedly proven that only when ChinaVietnam relations develop well can each country’s development remain steady, bilateral exchanges and cooperation advance solidly, and the peoples of both nations benefit more from the relationship.

The ambassador also stressed that in today’s complex and volatile international landscape, China and Vietnam, both socialist countries, are like-minded comrades and good partners whose future is closely interconnected. In the face of an increasingly turbulent world, China and Vietnam should be defenders of regional peace and stability, promoters of regional cooperation, and upholders of international economic rules and fairness and justice.

Xi paid a state visit to Vietnam in 2023, and now Vietnam marked his first destination of his first state visit this year, which means China attaches great significance to the country, Gu Xiaosong, dean of the ASEAN Research Institute of Hainan Tropical Ocean University, told the Global Times on Sunday. 

The naval ship formations of China and Vietnam will conduct the 38th joint patrol in the Beibu Gulf waters on April 16-17, according to the relevant agreements and arrangements between the two militaries, China’s Ministry of National Defense announced Sunday. This will further enhance practical cooperation between the two militaries and improve their capability to safeguard the security of the relevant sea areas.

Gu said that as a country that shares both land and sea borders with China, and both being socialist countries led by communist parties with similar political systems and development paths, it is important for China and Vietnam to join hands to cope with turbulent international geopolitics and tariff turmoil.

During a special video conference on Thursday, the ASEAN cautioned that “The unprecedented imposition of tariffs will disrupt regional and global trade and investment flows, as well as supply chains, affecting businesses and consumers worldwide.”

Amid significant uncertainties brought by trade frictions, Gu said it is important to strengthen win-win cooperation between China and Southeast Asia, including Vietnam.

This collaboration should focus on increasing trade and exploring opportunities in high-potential areas such as the green economy and supply chain management. Gu noted that enhanced cooperation can provide both China and its Southeast Asian partners with a competitive advantage in navigating external challenges. By fostering greater mutual benefits, these nations can better position themselves to respond to the shifting dynamics of the global landscape.

Neighborhood diplomacy

President Xi will also pay state visits to Malaysia and Cambodia from April 15 to 18, at the invitation of King of Malaysia Sultan Ibrahim and King Norodom Sihamoni of Cambodia, Chinese foreign ministry spokesperson said.

Xi on Sunday exchanged congratulations with Indonesian President Prabowo Subianto over the 75th anniversary of diplomatic ties between the two countries.

Xi’s visit to those Southeast Asian countries came also after he called for building a community with a shared future with neighboring countries and striving to open new ground for China’s neighborhood work at a central conference on work related to neighboring countries, which was held in Beijing from April 8 to 9.

Currently, the world is experiencing fundamental changes unseen in a century, Yang Xiyu, a senior research fellow at the China Institute of International Studies, told the Global Times, noting that against such a backdrop, strengthening relations with those Southeast Asian countries can help enhance the stability and resilience of China’s overall foreign strategy. Neighboring countries’ peace and stability serve as the foundation for China’s global diplomacy and a stable neighborhood helps China better address external challenges.

On the other, in an unstable international environment, neighboring countries are seeking to deepen cooperation with China and use such cooperation to enhance their own ability to withstand risks, said Yang, noting that the trend of the two sides “marching forward hand in hand” is becoming increasingly evident.

This article first appeared in Global Times:
https://www.globaltimes.cn/page/202504/1332022.shtml

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SOURCE Global Times

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UK FinTech Week Opens with Major UK-US Innovation and Investment Announcements

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UK FinTech Week 2025 Opens with Major UK-US Innovation and Investment Announcements

LONDON and JACKSONVILLE, Fla., April 28, 2025 /PRNewswire/ — UK FinTech Week 2025 launches today with major announcements reinforcing the strength of the UK’s fintech ecosystem and its growing ties with US investors, entrepreneurs and innovators.

In a significant development unveiled at the Global Fintech Forum, L Marks, a leader in corporate innovation, announced the launch of JAX Hub, a new initiative in partnership with the City of Jacksonville. Set to open later this year, JAX Hub will establish L Marks’ US operations in Jacksonville, connecting leading financial firms with top-tier global scale-ups and entrepreneurs. Built on L Marks’ proven, award-winning Innovation Lab methodology, JAX Hub will accelerate financial sector innovation, support economic growth, and strengthen Jacksonville’s reputation as a global destination for fintech.

The announcement, made by the UK’s Economic Secretary to the Treasury, Emma Reynolds MP, highlights how the UK’s fintech expertise is driving tangible investment and collaboration in the United States. JAX Hub will form a key pillar of a new UK–Florida FinTech Corridor, a priority initiative stemming from the Memorandum of Understanding signed in 2023 between the State of Florida and the UK Government.

Today’s news comes alongside another major UK-US announcement: Coinbase, one of the world’s leading crypto exchanges, has selected the UK as the home for a new multi-million-dollar Web3 accelerator. Developed alongside global technology leaders Fabric Ventures and Animoca Brands, and supported by Founders Factory, the accelerator will invest in the next generation of blockchain and AI startups—cementing the UK’s leadership in digital innovation.

The UK remains the second-largest exporter of financial services globally, Europe’s top destination for fintech investment, and a trusted partner for US companies looking to scale internationally. With a fintech market valued at $393 billion, a world-class regulatory environment, and a thriving startup ecosystem, the UK offers US investors and innovators a reliable and dynamic platform for growth.

To further strengthen transatlantic collaboration, the UK’s Department for Business and Trade is hosting a delegation of leading US fintech firms at UK FinTech Week, including PayPal, Block, Affirm, Circle, Ripple, Marqeta, FIS, Robinhood and Chainalysis—demonstrating the deep and growing ties between the two markets.

As the fintech landscape evolves, the UK remains a committed, proven, and future-facing partner for US investors and innovators.
UK FinTech Week 2025 runs from 28 April – 2 May.

About the Department for Business and Trade (DBT):
The UK’s Department for Business and Trade is an economic growth department. We ensure fair, competitive markets at home, secure access to new markets abroad and support businesses to invest, export and grow. Our priorities are the Industrial Strategy, Make Work Pay, the Trade Strategy and the Plan for Small Business.

View original content:https://www.prnewswire.com/news-releases/uk-fintech-week-opens-with-major-uk-us-innovation-and-investment-announcements-302440433.html

SOURCE UK’s Department for Business and Trade

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TECO Group Showcases Vehicle Electrification Upgrade Solutions at ACT Expo

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LOS ANGELES, April 28, 2025 /PRNewswire/ — The ACT Expo 2025, the world’s leading event in green transportation and charging technologies, opens on April 28 in California, USA. TECO Electric & Machinery is making its debut at the event, joining forces with its U.S. subsidiaries—TECO-Westinghouse Motor Company and NexE (charging solution sales company), as well as the newly acquired EVK Motor, a company specializing in EV hairpin motors.

The TECO Group will showcase cutting-edge products and services including electric drive axle systems for EV powertrains and high-power fast charging stations. TECO Chairman Morris Li emphasized that the company is committed to electrification solutions for vehicles, with EV powertrain systems and charging infrastructure among the group’s key strategic priorities. The products making their debut at this year’s ACT Expo integrate TECO’s technological and manufacturing strengths from both Taiwan and the U.S., showcasing the company’s capabilities in expanding into international markets.

At the end of last year, TECO acquired EVK Motor, an electric vehicle motor manufacturer. EVK’s third-generation innovative hairpin motor technology features excellent thermal design, high power density, and peak efficiency of up to 97.8%.  Making its first public appearance, the hairpin motor unit boasts key features such as a compact size and lightweight build—the complete unit, including the oil pump and radiator, weighs less than 55 kilograms. The motor covers a power range of 50 to 300 kW and a torque range of 150 to 550 Nm. According to TECO, this product is specifically designed for electric axle (E-Axle) solutions used in medium and large commercial vehicles, such as electric buses and electric trucks. It helps automakers overcome challenges related to vehicle capacity, space, and weight, while significantly enhancing the mobility performance of electrified vehicles. The company is targeting the multi-billion-dollar commercial vehicle market in Europe and North America.

At the event, TECO-Westinghouse and NexE are also showcasing their 30kW and 60kW DC fast charger and PowerCube (EV Charger Portable Power distribution system). Those DC Chargers feature high output power, smart charging capabilities, and renewable energy integration, significantly reducing charging time and improving energy efficiency. TECO stated that TECO-Westinghouse and NexE currently offer a full range of charging solutions from 30kW to 480kW. TECO-Westinghouse has already established a charger assembly line at its Texas factory to meet the needs of public institutions, including school bus fleets. Through its participation at ACT Expo, TECO aims to broaden its market exposure and business opportunities.

TECO Group continues to invest in EV powertrain systems with a global market layout that includes Taiwan, North America, India, Europe, and China. In Taiwan, TECO supplies 80% of the electric bus powertrain systems. The nation’s first domestically produced hydrogen electric bus is also powered by TECO’s 235kW SiC direct-drive system, capable of traveling 22 kilometers per kilogram of hydrogen (compared to the international average of about 20 km/kg). In India, TECO delivered prototypes to customers in Q1, with mass production of 200kW and 235kW direct-drive systems slated to begin in Q3. In North America, the company is targeting electric buses and trucks as its key customer base.

TECO website https://www.teco.com.tw/en

TECOWestinghouse website https://www.tecowestinghouse.com/products-home/green-energy-solutions/ev_chargers/

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SOURCE TECO Electric & Machinery Co.

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Vietnam Airlines expands partnership with Adyen

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The airline now taps on Adyen’s extensive global acquiring network to process transactions worldwide

SINGAPORE, April 29, 2025 /PRNewswire/ — Adyen, the financial technology platform of choice for leading companies, today announced an expanded partnership with Vietnam Airlines, Vietnam’s flag carrier. The airline partnered with Adyen in 2017 for its gateway solution and in 2024, expanded the partnership to leverage Adyen’s global acquiring capabilities, enabling seamless payment experiences in markets like Japan, Australia, the U.S., and Europe, among others.

The single integration with Adyen allows faster, more reliable transactions in credit cards and selected local payment methods like Alipay and WeChat Pay. Adyen’s acquiring capabilities connect businesses directly to Visa and Mastercard card schemes, helping the airline benefit from local market conditions and generate higher authorization rates and lower transaction fees. Since the expansion of partnership, Vietnam Airlines has seen up to a 5% uplift in authorization rates.

“Our strengthened partnership with Adyen represents a significant step forward in Vietnam Airlines’ digital transformation. With Adyen’s global reach and advanced payment solutions, we can offer travelers around the world a smooth, secure, and flexible payment experience—supporting major card networks and emerging payment methods alike. This collaboration enables us to elevate the passenger journey while boosting operational efficiency and fostering innovation,” said Bui Tran Cuong, Deputy Director of Finance and Accounting, Vietnam Airlines.

“We’re honored to further our longstanding collaboration with Vietnam Airlines as their trusted payments partner and our work together is testament to how the right payment solutions can empower businesses to serve a global customer base at scale,” said Warren Hayashi, President, Asia-Pacific, Adyen.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, LVMH, SHEIN, Uber, L’Oréal, Cathay Pacific, Grab, Klook, and Singapore Airlines. This partnership with Vietnam Airlines as described in this merchant update underlines Adyen’s continuous growth with current and new merchants over the years.

About Vietnam Airlines

Vietnam Airlines, a member of Skyteam Alliance, is the flag carrier of Vietnam, connecting the world’s most thriving destinations with nearly 100 routes to 22 domestic and 30 international destinations in 18 countries. 

Vietnam Airlines boasts one of the youngest and most modern fleets in Asia, highlighted by their Boeing 787-9 and -10 Dreamliners, Airbus A350-900 XWBs and Airbus A320, A321neos, offering impeccable level of comfort and service throughout every journey.

The carrier is recognized as one of the region’s leading airlines thanks to its modern fleet and its commitment towards innovation, digitalization and development — earning it international acclaim as validated by numerous prestigious awards including Top 25 World’s Safest Airlines for 2025, Top 20 World’s Best Airlines for 2025, World’s Best Value Premium Economy, Top 20 World’s Best Airline by Airline Ratings (2023), Global 5 Star Airline 2023, Major 5 Star Airline 2024 by APEX; Skytrax’s 4 Star Airline for four consecutive years.

View original content:https://www.prnewswire.com/apac/news-releases/vietnam-airlines-expands-partnership-with-adyen-302439540.html

SOURCE Adyen

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