Business activities in vietnam

Hanoi (VNS/VNA) – Vietnam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future. The country shipped 450,000 tonnes of cashew abroad last year, earning more than 3.6 billion USD. Vietnam also imported 1.6 million tonnes of raw cashew with a turnover of more than 2 billion USD. Pham Van Cong, Chairman of the Vietnam Cashew Association (Vinacas) told Vietnam News the consumption and export of cashew nuts undergoing deep processing, such as salted/honey roasted nuts and cashew nut candies and cookies, witnessed sharp growth. “Vietnamese cashew enterprises have also been increasingly active in the supply of raw materials, production improvement and business efficiency enhancement,” Cong said. Last year, Tan Long Group signed a contract to purchase 176,000 tonnes of Tanzanian raw cashews from the 2018 season with Tanzania's … [Read more...] about Efforts to maintain Vietnam’s leading position in cashew export

Vietnam is undertaking its new responsibility amid strong changes in the regional and the global landscape. While prolonged conflicts in Africa have yet to find lasting solutions, tensions tend to escalate in the Middle East, and potential hotspots may break out in a number of other regions, even in Asia Pacific. Unilateral and violent acts without respect to international laws and with the threat or use of force are posing direct challenges for international peace and security. Though peace, co-operation, and development remain major trends in the world, the regional and global multilateralism mechanisms are facing numerous difficulties, that are not always easy to assess. Strategic collisions among major nations are increasing, resulting in complicated consequences, especially in terms of politics and security which are directly reflected at the UNSC. … [Read more...] about Vietnam takes on primary UN Security Council duties

Can Tho (VNA) - The Mekong Delta city of Can Tho will be calling for investment in local logistic services, tourism, hi-tech agriculture and IT projects at its investment promotion conference slated for August 8-10. The information was released by Truong Quang Hoai Nam, Vice Chairman of the municipal People’s Committee at a meeting to review preparations for the conference on March 20. Nam underlined the significance of the event, saying that it aims to introduce the city’s socio-economic achievements and potential, as well as policies on investment attraction to domestic and international partners. The conference will be chaired by the Prime Minister, the Minister of Planning and Investment, the Secretary of the municipal Party Committee, and the Chairman of the municipal People’s Committee. It is expected to welcome 500 delegates, including 100 foreigners. A ceremony will be held in the framework of the conference to present investment scheme and investment … [Read more...] about Can Tho conference to promote investment in logistics, tourism, IT

Hanoi (VNA) – The European Parliament Committee on International Trade (INTA) on January 21 approved a resolution asking for the European Parliament (EP)’s ratification of the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA). Approval votes for the two agreements are the highest compared to the voting of several recent FTAs between EU and partners, proving EU parliamentarians and member states’ appreciation for Vietnam’s role and position in the world, as well as the comprehensive cooperative partnership between Vietnam and the EU. According to several studies, the EVFTA and EVIPA are expected to help Vietnam’s gross domestic product (GDP) grow by 4.6 percent and exports to the EU up 42.7 percent by 2025. The European Commission estimated that the EU’s GDP will increase by 29.5 billion USD and exports to Vietnam pick up 29 percent by 2035. Via the deals, Vietnam … [Read more...] about Resolution seeking EP’s ratification of EVFTA, EVIPA approved