Cambodia canada trade agreement

Speakers at the Viet Nam–UK Business Forum, which took place in London on Wednesday. — VNA/VNS Photo Viet Nam wants to see more investment from the United Kingdom (UK) in hi-tech agriculture, in cultivation, processing, preservation and distribution of farm produce and foods, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien. He made the statement at the Viet Nam–UK Business Forum held by the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development, in collaboration of the UK Department of International Trade (DIT) in London on Wednesday. The forum discussed prospects for trade and investment between the two countries’ enterprises in agriculture, education, renewable energy and others. It also provided a platform for Viet Nam to introduce its market potential to British investors and for firms from both sides to share information and seek partnerships to make the most of the UK-Viet Nam Free Trade Agreement (UKVTFA). The UK … [Read more...] about Viet Nam, UK strive to lift trade and investment relations

Vietnam and Cambodia signed a treaty on demarcation in 1985 and supplemented the document twice. Vietnam and Cambodia are working on completing the remaining 16% of the demarcation work, a Vietnamese spokesperson said today, adding that negotiations on this issue are on the way. Spokesperson Le Thi Thu Hang of the Vietnamese Ministry of Foreign Affairs said in answering a question on the issue raised at a press conference on May 26. “Completing the demarcation and planting border markers build the Vietnam-Cambodia borderline of peace, friendship, and sustainable development is the long-standing legitimate aspiration of the two peoples,” Hang said. Demarcation market No.240 along the Vietnam-Cambodia border. Photo: Ngoc Vien Nguyen/Panoramio In this regard, the two countries have marked off 1,045 km of the borderline or fulfilled 84% of the work. The achievements are essential for traveling, trading, friendship activities, as well as socio-economic … [Read more...] about Vietnam, Cambodia continue completing demarcation: Spokesperson

Indonesian Investment Minister Bahlil Lahadalia (right) and Swiss Federal Councillor Guy Parmelin at the signing ceremony of the Investment Promotion and Protection Agreement between the two countries. (Photo: VNA) Jakarta (VNA) – After conducting seven rounds of negotiations which began in 2018, Indonesia and Switzerland have signed an Investment Promotion and Protection Agreement (P4M) to boost trade and investment between the two countries. The signing took place on the sidelines of the World Economic Forum (WEF) 2022 underway in Davos, Switzerland . The scope of the P4M includes guarantees on several issues, including non-discriminatory treatment, freedom to transfer or repatriate and options to solve disputes through international arbitration. Indonesian Investment Minister Bahlil Lahadalia said the agreement was made to boost investments in both countries by providing legal protection and business certainty for Indonesian and Swiss investors. He also said he … [Read more...] about Indonesia, Switzerland sign bilateral investment agreement

International experiences contribute to building harmonious and stable labor relations, protecting the legitimate rights and interests of employees in Vietnam's retail industry. UNI Global Union - Asia and Pacific Regional Office (UNI APRO) is committed to working closely with the Vietnam General Confederation of Labor (VGCL) to improve the quality of Trade Union activities in the country’s chain of retail stores. UNI APRO's Secretary Rajendra Acharya Kumar made his statement at a workshop held in Hanoi this week. The secretary highly valued the activities of the Vietnamese trade union in protecting the legitimate rights and interests of employees as well as their welfare amid the Covid-19 pandemic. UNI APRO's Secretary Rajendra Acharya Kumar (left) and Standing Vice President of the VGCL Tran Thanh Hai at the workshop held in Hanoi. Photo: Hai Nguyen He said UNI APRO has signed framework agreements with multinational corporations and wishes to cooperate … [Read more...] about UNI APRO, Vietnam exchange experience in trade union activities

He made the statement when delivering an opening remark at the Vietnam – U.K. Business Forum held by the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development in collaboration of the U.K. Department of International Trade (DIT) in London on May 25. The forum discussed prospects for trade and investment between the two countries’ enterprises in agriculture, education, renewable energy and others. It also provided a platform for Vietnam to introduce its market potential to British investors and for firms from both sides to share information and seek partnerships to make the most of the U.K.-Vietnam Free Trade Agreement (UKVTFA). The U.K. remains a major and trusted partner of Vietnam and its agriculture industry, Tien said, noting that agricultural cooperation between the two nations has made significant progress over recent years. He expected British companies will form close and trusted joint ventures and partnerships with Vietnamese agribusinesses … [Read more...] about Vietnam, U.K. strive to lift trade and investment relations

In that spirit, over the past years, Vietnam and Cambodia have closely cooperated with each other and completed the demarcation and marker planting on 1,045km of their borderline, equivalent to around 84 percent of the total length, the spokeswoman said at a regular press conference held by the ministry. She emphasised that the result is of extreme importance as it contributes to facilitating the travel, trade and friendship exchanges between the two nations' people, as well as socio-economic development in each country. The two sides are negotiating to fulfill the border demarcation and marker planting for the remaining section, Hang said. Source: VNA … [Read more...] about Vietnam, Cambodia build common border of peace, friendship: Spokeswoman

The regional framework should be in line with international laws and ASEAN Centrality. Vietnam has highlighted the role of international economic initiatives when talking about the Indo-Pacific Economic Framework (IPEF) which was launched by the US three days ago. “Vietnam has joined a number of international economic initiatives that help make the most of domestic and foreign resources, serving the country’s development,” Spokesperson Le Thi Thu Hang of the Ministry of Foreign Affairs (MoFA) said today. Hang made the statement at the press conference on May 26 when talking about Vietnam’s participation in the launch of IPEF through a speech delivered by Prime Minister Pham Minh Chinh. Chinh said the launch of IPEF will kickstart a serious discussion in exchange of ideas towards addressing critical regional and global issues together, issues that no one can address on their own like ones on a global scope – supply chains diversification and resilience, technological … [Read more...] about IPEF should treasure openness, inclusiveness and transparency: foreign ministry

The forum drew the participation of hundreds of Algerian economists, businessmen and investors as well as representatives of economic organizations and embassies of African and European countries. Addressing the event, he said the forum is a good opportunity for Vietnam to explore the trade and investment potential of Annaba province and strengthen economic cooperation between Algeria and Vietnam in general. The official emphasized the potential and strengths of Vietnam with a vast market of nearly 100 million people and an open economy. Despite the negative impacts of the COVID-19 pandemic, the country recorded economic growth of 2.58 percent, which is expected to reach 6.5 percent this year. Vietnam is benefiting from free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the E.U.-Vietnam Free Trade Agreement (EVFTA). The African Continental Free Trade Agreement opens up an opportunity for Vietnamese companies to … [Read more...] about Vietnam seeks to expand economic cooperation with Algeria

Kevin Coppel, Asia-Pacific managing director (left ) and Christine Li, Asia-Pacific head of research for Knight Frank in Singapore When the US-China trade tensions bubbled over in 2018, corporates found it increasingly difficult to carry out business in China due to sourcing uncertainties and rising costs. This trend only worsened in the face of the pandemic and resulting border closures. Businesses responded by pursuing opportunities to set up bases outside of China while still retaining a stake in one of the world’s strongest economies. The China+1 strategy thus emerged. It is based on diversifying its supply base into other countries in order to minimise the risk of disruptions arising from geopolitical tensions, trade wars and tariffs, as well as rising labour costs. These companies are not abandoning China but rather giving themselves options, enjoying the best of what China and other economies have to offer. In pursuit of the China+1 strategy, the spotlight is naturally … [Read more...] about Will Vietnam become a big geopolitical beneficiary?

Illustrative image. (Photo: SGGP) According to Mr. Nguyen Ngoc Dung, Chairman of Vietnam E-commerce Association (Vecom), in 2021, despite being heavily affected by the Covid-19 pandemic, Vietnam's e-commerce still maintained a good growth momentum with an increase of about 20 percent and a scale of $16 billion. Keeping the growth momentum, Vietnam is now one of the countries with the largest e-commerce market size in the region, besides Indonesia, Thailand, and Malaysia. Vietnam's internet economy in 2021 grew by 31 percent compared to 2020 and reached a scale of $21 billion. Of which, the online retail sector enlarged by 53 percent and touched a scale of $13 billion. There are two waves that have contributed to the steady development of e-commerce in Vietnam in 2020 and 2021 and will be the driving force for the next period. The first wave took place during the early stages of the Covid-19 pandemic in 2020, and the second one from June to September 2021, during the fourth … [Read more...] about Opportunities for e-commerce in Vietnam to boom