Business and trade cooperation

Prime Minister Pham Minh Chinh (second from left) meets US businesses, investors (Photo: VNA) Hanoi - The United States and Vietnam have a lot of potential to expand their business and trade cooperation in such fields as agriculture, life sciences and energy transition, according to President and CEO of the Business Council for International Understanding (BCIU) Peter Tichansky. The economic and business cooperation between the two countries is developing strongly and will grow even further, Tichansky said in an interview granted to Vietnam News Agency correspondents in New York on the occasion of Vietnamese Prime Minister Pham Minh Chinh’s working trip to the US. The BCIU’s member companies are placing a very high priority on cooperation with Vietnamese partners, he stated, adding that the council wishes to work closely not only with existing but also with future Vietnamese partners. He appreciated the Vietnamese Government for listening to proposals by the council’s member … [Read more...] about Vietnam, US hold potential in expanding economic, business collaboration

Iron and steel are among Vietnam's major export items to Laos. (Photo: VNA) Hanoi (VNA) – Since the establishment of their bilateral diplomatic ties in 1962, Vietnam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries. During the 2016-2020 period, the two-way trade saw stable expansion and reached the target of over 1 billion USD, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded 1 billion USD in 2020, down 11.5 percent year-on-year, of which Vietnam’s exports were worth 571.7 million USD, down 18.5 percent. However, the bilateral trade bounced back since early 2021, surging 33.3 percent to 1.37 billion USD for the year, with Vietnam’s export revenue reaching 594.7 million USD, a rise of 4 percent from 2020, and its import hitting … [Read more...] about Vietnam-Laos trade ties growing sustainably

Prime Minister Pham Minh Chinh speaks at the conference (Photo: VNA) San Francisco - Prime Minister Pham Minh Chinh on May 17 (local time) attended a Vietnam-US trade, investment and tourism promotion conference themed ‘Rediscovering Vietnam’ in San Francisco. The conference, held by the national carrier Vietnam Airlines and two travel groups – Saigon Tourists and Thien Minh Group – to boost the cooperation between enterprises of the two countries and to introduce Vietnam to US friends and partners. Addressing the event, PM Chinh highlighted the development of the Vietnam-US ties, benefiting both countries and contributing to peace, cooperation and development in the world. The Government leader affirmed that economic, investment, trade and science-education cooperation is an important pillar in the bilateral relationship. In the very challenging year of 2021 due to the COVID-19 pandemic, two-way trade still reached 112 billion USD, accounting for nearly … [Read more...] about PM urges US businesses to invest in tourism and trade in Vietnam

Participants at the working session (Photo: VNA) Can Tho (VNA) - Officials of the People’s Committee of Mekong Delta Can Tho city on May 16 had a working session with a delegation from the Korea - Asia Economic Cooperation Association (KOAECA) led by its chairman Lee Kim-kee, focusing on  logistics and hi-tech agriculture cooperation in the time to come. The two sides discussed orientations for cooperation in the fields of tourism, investment in logistics and seaport infrastructure, aviation, and hi-tech agriculture, especially logistics and agriculture-farm processing projects that Can Tho is going to implement in the coming time. Chairman of the municipal People’s Committee Tran Viet Truong said the city is preparing to invest in many projects and it hopes to cooperate with KOAECA in developing logistics systems serving the consumption of farm produce of the Mekong Delta region. Can Tho has planned to set up a logistics centre for linkage, production, processing … [Read more...] about Can Tho eyes logistics, hi-tech agriculture cooperation with RoK

Illustrative image (Photo: VNA) Washington D.C – Vietnamese Minister of Agriculture and Rural Development Le Minh Hoan and Marc Mealy, Senior Vice President for Policy at the US-ASEAN Business Council (USABC), co-chaired a seminar connecting agricultural enterprises of Vietnam and the US on May 13 in Washington D.C. The event took place on the sidelines of Prime Minister Pham Minh Chinh’s trip to the US to attend the ASEAN-US Special Summit. It was attended by representatives from agencies, businesses and associations in the agricultural sector of the two countries and several banks and investment funds, and representatives from some major US industry associations such as the Soybean Export Council, the Grains Council, the National Pork Producers Council and multinational agricultural corporations. At the seminar, a representative of the Ministry of Agriculture and Rural Development informed participants about the priority strategy for the development of Vietnam's agricultural … [Read more...] about Seminar connects Vietnamese, US agricultural businesses

Wood chíps loaded at Vũng Ánh Port in the central province of Hà Tĩnh. Photo haiquanonline.com.vn HÀ NỘI — Results of cooperation between the Ministries of Planning and Investment, as well as the Cooperation Committees of Laos and Việt Nam in recent years have made important contributions to the development of the two countries’ relations, Lao Minister of Planning and Investment Khamjane Vongxa said on Friday. In an interview granted to the media of both countries, Minister Khamjane stated that 2022 is a year of great historical significance when the Lao Party, army and people are co-ordinating with the Vietnamese side in carrying out many practical activities to celebrate the Laos-Việt Nam Friendship and Solidarity Year marking 60 years of the establishment of diplomatic relations and 45 years of the signing of the Treaty on Amity and Co-operation between the two countries. In 2021, despite complicated developments in the regional and world situations, the bilateral great … [Read more...] about Cooperation in planning, investment helps boost Laos-Việt Nam ties: Lao minister

Greek President Katerina Sakellaropoulou arrived in Hà Nội's Nội Bài International Airport on Sunday, beginning her official visit to Việt Nam. VNA/VNS Photo HÀ NỘI — Greek President Katerina Sakellaropoulou arrived in Hà Nội on Sunday, beginning her official visit to Việt Nam at the invitation of Vietnamese President Nguyễn Xuân Phúc. Within the framework of the five-day visit, the Greek President will visit the Monument to Heroic Martyrs and Hồ Chí Minh Mausoleum, hold talks with President Nguyễn Xuân Phúc, pay a courtesy visit to Party General Secretary Nguyễn Phú Trọng, and meet with Chairman of the National Assembly Vương Đình Huệ. She will also attend a document signing ceremony and meet with the press, visit the Temple of Literature and attend some local events. The visit is expected to contribute to consolidating political trust and deepening the multi-faceted cooperation between the two countries. The visit takes place in the context that the traditional friendship … [Read more...] about Greek President’s Việt Nam visit expected to deepen multi-faceted cooperation

Steel production at Việt-Đức Steel JSC's factory in Vĩnh Phúc Province. Việt Nam mainly ships iron and steel to Laos. — VNA/VNS Photo Nguyễn Trọng Lịch HÀ NỘI — Since the establishment of bilateral diplomatic ties in 1962, Việt Nam and Laos have promoted cooperation across numerous spheres, with their trade exchange posting substantial growth, benefiting both countries. During the 2016-20 period, the two-way trade saw stable expansion and reached the target of over US$1 billion, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded $1 billion in 2020, down 11.5 per cent year-on-year, of which Việt Nam’s exports were worth $571.7 million, down 18.5 per cent. However, the bilateral trade bounced back since early 2021, surging 33.3 per cent to $1.37 billion for the year, with Việt Nam’s export revenue reaching $594.7 … [Read more...] about Việt Nam-Laos trade ties growing sustainably

Steel production at Viet-Duc Steel JSC's factory in Vinh Phuc Province. Viet Nam mainly ships iron and steel to Laos. — VNA/VNS Photo Nguyen Trong Lich Since the establishment of bilateral diplomatic ties in 1962, Viet Nam and Laos have promoted cooperation across numerous spheres, with their trade exchange posting substantial growth, benefiting both countries. During the 2016-20 period, the two-way trade saw stable expansion and reached the target of over US$1 billion, but then suffered from the impact of the COVID-19 pandemic and natural disasters. The Asia-Pacific Market Department at the Vietnamese Ministry of Industry and Trade (MoIT) said that the bilateral trade exceeded $1 billion in 2020, down 11.5 per cent year-on-year, of which Viet Nam’s exports were worth $571.7 million, down 18.5 per cent. However, the bilateral trade bounced back since early 2021, surging 33.3 per cent to $1.37 billion for the year, with Viet Nam’s export revenue reaching $594.7 million, a rise … [Read more...] about Viet Nam-Laos trade ties growing sustainably

The US IT company expects to help Vietnam build up digital skills for both private and state sectors, as well as develop data science. Microsoft expects to strengthen cooperation with Vietnam in digital transformation and cyber-security and help the country realize its goal of net-zero carbon emission by 2050. Prime Minister Pham Minh Chinh and Microsoft Vice President Sandy Gupta. Source: VGP Vice President of Sales, Marketing, and Operations at Microsoft Asia Pacific Sandy Gupta gave the remarks during a meeting with Prime Minister Pham Minh Chinh on May 17, expecting this would further contribute to the development of a green and digital economy in Vietnam. According to Gupta, this century would be the time for Asia to thrive, and Vietnam in this process would be among the key contributors. At present, Microsoft is making huge investments in new technologies and solutions, such as cloud computing, artificial intelligence, open-source, and new … [Read more...] about Microsoft seeks greater cooperation with Vietnam in digitalization