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Vietnam now sees a sharp increase in rice orders from the Philippines and China. Acccording to Pham Thai Binh, General Director of Trung An Hi-tech Agriculture Joint Stock Company in the Mekong Delta city of Can Tho, the company has signed an order to export 2,000 tonnes of rice to China and is under negotiation for another batch of 20,000 tons. Statistics from the General Administration of Vietnam Customs show that in the first two months of this year, China imported 152,640 tons of rice from Vietnam worth 90 million USD, a year-on-year increase of 86% in volume and 120% in value. Vietnamese rice exported to China enjoyed an average price of 589.7 USD per ton, 18.3% higher than that of the same period last year. Chinese customers mainly imported Vietnam’s high-quality rice like fragrant rice and sticky rice with high prices. Meanwhile, the Philippines is anticipated to import about 2.8 million tons of rice from Vietnam during the 2022-2023 crop because the country’s rice … [Read more...] about Vietnam expected to export 7 million tons of rice this year: Ministry

Minister Counselor Le Thi Minh Thoa , Deputy Permanent Representative of Vietnam to the United Nations speaks at the event (Photo: VNA) Hanoi (VNA) – Minister Counselor Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam to the United Nations, has called for a comprehensive and all-society approach to sustainable waste management. Addressing the United Nations General Assembly’s session on zero waste – breakthrough solution to sustainable development goals (SDGs) on March 30, Thoa said sustainable waste management plays a crucial role in achieving the SDGs, especially Goal No.12 on sustainable production and consumption and Goal No.13 on climate change response. Fully aware that zero waste is a solution to climate change, Vietnam passed a national action plan on circular economy, with a goal to reduce greenhouse gas emissions by 15% of the total national income and reuse and recycle, and treat 85% of the plastic waste, as well as reduce plastic waste in the … [Read more...] about Vietnam calls for comprehensive, all-society approach to waste management

Vietnamese steel industry calling for wider investment from overseas entities, photo Le Toan Posco Yamato Vina Steel JSC, a joint venture between South Korea’s Pohang Iron and Steel Company and Japan’s Yamato Holdings, is contemplating constructing a second facility in Vietnam. Lee Youngwoo, general manager of Posco Yamato Vina, wants to “establish a robust sales network” across Vietnam while enhancing scrap supply security. In 2020, Posco Yamato Vina was the first to manufacture wide H-shaped steel in Vietnam. According to Lee, the business built a representative office in Haiphong last year in order to “create additional prospects for collaboration” with clients. In the southern province of Ba Ria-Vung Tau, Posco Yamato Vina operates a steel mill with a capacity of one million metric tonnes per year and produces section steel with a capacity of 500,000 tonnes per year. Following a lack of foreign investment in steel manufacturing in recent years, many observers see Posco … [Read more...] about Vietnamese steel industry calling for wider investment from overseas entities

The policy was announced by the Deputy Minister of Industry and Trade Do Thang Hai at a workshop organised by the Ministry of Industry and Trade together with Thai Binh People’s Committee on March 30. The workshop discussed ways to promote investment and create regional business linkages, aiming to consolidate the implementation of Politburo Resolution 30-NQ/TW on the Red River Delta development. The Red River Delta comprises 11 cities and provinces, including Hanoi, Haiphong, Thai Binh, Nam Dinh, and Ninh Binh, with Hanoi and Haiphong as centrally governed cities. The delta is in a favourable geographic and political position for socioeconomic development, as it lies between the northeastern and northwestern regions, and between the northern mountainous areas and the central region. The delta is also adjacent to the Chinese market, with access to other northeast Asian countries, helping the northern provinces promote trade with the world. Speaking at the workshop, Minister of … [Read more...] about Promoting interregional linkage in the Red River Delta

The nation resolutely opposes and demands Taiwan (China) cancel live-fire drills taking place in the waters around Ba Binh (Itu Aba) which are part of Vietnam’s Truong Sa, also known as the Spratly Islands, said Pham Thu Hang, vice spokesperson of the Vietnamese Ministry of Foreign Affairs, on March 31. Spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang In reply to a reporter's query on the country’s reaction to the Taiwanese announcement of its live-fire drills, Hang said Vietnam has repeatedly affirmed that the exercises seriously violate Vietnamese territorial sovereignty over Truong Sa. Indeed, these actions threaten peace, stability, safety, and security of navigation, whilst also complicating the situation in the East Sea. The country demands that the Taiwanese side do not repeat such violations in the future, the spokesperson stressed. In reply to a reporter's query on Vietnam’s reaction to Taiwan’s announcement of its live-fire … [Read more...] about Vietnam resolutely opposes Taiwanese live-fire drills in Ba Binh

Vietnam ese Deputy Minister of Foreign Affairs Le Thi Thu Hang (R) and Italian Undersecretary for Foreign Affairs and International Cooperation Maria Tripodi (Photo: VNA) Rome (VNA) – Vietnamese Deputy Minister of Foreign Affairs Le Thi Thu Hang and Italian Undersecretary for Foreign Affairs and International Cooperation Maria Tripodi co-chaired the fifth political consultation between the two ministries to discuss orientations to promote the bilateral Strategic Partnership in the coming time. The two sides expressed their delight that the consultation was held on the occasion of the 50th anniversary of the establishment of the bilateral diplomatic ties, and the 10th founding anniversary of the Strategic Partnership. They highly appreciated outstanding results in bilateral economic cooperation with the two countries becoming each other's important trading partner in the region. Two-way trade reached more than 6.2 billion USD in 2022, up 11% year-on-year, thanks to … [Read more...] about Vietnam, Italy agree on orientations to enhance Strategic Partnership

Illustrative image (Source: VNA) Vientiane (VNA) – Many schools in Laos have been closed as the country is experiencing unprecedented high levels of PM2.5 - airborne particles less than 2.5 micrometres in diameter - due to wildfires and farmers burning scrubland in preparation for crop planting. All kindergartens in the northern provinces of Bokeo and Xayaboury have been forced to close, while the closure is imposed for all schools in Thaphabat district in the central province of Bolikhamxay from March 28-31. Air pollution has also impacted domestic tourism as a number of visitors have either cancelled their bookings or shortened their vacations. Some flights to northern Laos have also been delayed or cancelled due to the issue. Phu Chi Fa National Park in Thailand ’s Chiang Rai province has been closed to tourists after being ravaged by a forest fire that spread over the border from Laos. Earlier, the Thai province of Nong Khai which borders Vientiane also … [Read more...] about Serious air pollution forces many schools in Laos to close

Illustrative image (Source: VNA) Hanoi (VNA) – The General Department of Taxation under the Ministry of Finance has said it will keep a close watch on the implementation of the global minimum tax in other countries, listen to opinions of firms impacted by the tax and study guidelines of the Organisation for Economic Cooperation and Development (OECD) to propose its application in Vietnam. The application of the global minimum tax should not create adverse impacts on Vietnam’s foreign investment attraction, and should ensure the country’s tax collection right , said deputy head of the general department Dang Ngoc Minh at a press conference held by the Finance Ministry in Hanoi on March 30. The OECD ’s Pillar Two establishes a global minimum effective corporate tax rate of 15% for large multinational enterprises (MNEs), which has important implications for the use of tax incentives around the world. Deputy head of the General Department of Taxation Dang … [Read more...] about Global minimum tax application under consideration

Vietnam is one of the 10 cheapest places to travel in Asia in 2023, according to the famous international travel magazine Condé Nast Traveller. Vietnam has many beautiful landscapes such as terraced fields, pagodas, and about 3,000 kilometers of tropical coastline, the magazine wrote. An impressive array of bars and restaurants lend visitors a taste of local food and culture. The Southeast Asian country also has majestic karst mountains with their caves, sinkholes, and water bodies snaking through valleys, which must be witnessed in person. In addition to Vietnam, Condé Nast Traveller's list of the cheapest destinations in Asia also includes countries such as Laos and Cambodia. Laos has beautiful landscapes like Si Phan Don Islands and the ancient capital of Luang Prabang, while Cambodia is home to beautiful beaches and one of the most impressive structures in the world – the Angkor Wat. Like us on Facebook or follow us on Twitter to get the latest news about … [Read more...] about Vietnam among top 10 cheapest places to travel in Asia: Condé Nast Traveller

An ongoing rise in Vietnam's rice price is the continuation of a trend that began last year when Chinese and Indonesian importers upped their consumption of the Vietnamese staple. Statistics from the Ministry of Agriculture and Rural Development indicated that Vietnam exported an estimated 900,000 tonnes of rice worth VND11.3 trillion (US$480 million) in March, taking the total volume and value of rice exports in the first three months of the year to 1.79 million tonnes and VND22.3 trillion ($952 million), respectively. While the total value of Vietnamese rice exports surged 30 percent against the same period last year, the volume fell 19 percent. From January to March, Vietnam’s rice export price averaged VND12.5 million ($531) per tonne, up 9.2 percent year on year. During the first two months of 2023, Vietnam shipped 401,980 tonnes of rice valued at VND4.8 trillion ($204.69 million) to the Philippines, making the archipelago Vietnam’s largest rice buyer, accounting for 43 … [Read more...] about Export price of Vietnamese rice on the rise