China controlled the supply of what valuable trade good

Vietnamese Prime Minister Pham Minh Chinh called on Brazilian enterprises to beef up trade and investment activities in Vietnam to fully tap the great cooperation potential between the two countries, with the aim of boosting two-way trade to US$10 billion by 2025. PM Chinh was speaking at a powwow with representatives of Brazilian businesses in Sao Paulo on Sunday morning (local time) after he and his entourage arrived a day earlier for a four-day official visit at the invitation of President Lula da Silva. “The political relationship between our two countries is very good, but trade and investment relations are still not comparable, as there is still a lot of room for cooperation that has yet to be tapped,” the PM said at the event. Last year, the trade turnover between the two countries reached $6.78 billion, with Vietnam mainly importing from Brazil. Such bilateral trade remained modest as Brazil is the largest South American country with a population of 214 million people, … [Read more...] about Vietnam eyes $10bn trade with Brazil by 2025: PM Pham Minh Chinh

Check out the latest news about Vietnam. European Commission to inspect IUU fishing in Vietnam A delegation from the European Commission (EC) will visit Vietnam on October 10-18 to work with Vietnamese authorities on efforts to prevent illegal, unreported and unregulated (IUU) fishing , the Ministry of Agriculture and Rural Development said on September 25. A high-level dialogue session between the Ministry of Agriculture and Rural Development and the EC working group will take place on October 18, 2023 to discuss the findings of the inspection. Delegates attend the opening ceremony of the Vietnamese Goods Week in Paris. Photo: VNA Vietnamese products promoted at Frech Système U supermarket chain A delegation of 15 Vietnamese enterprises in agriculture, food, and textile industries are promoting their products at the Système U supermarket chain in France as part of the Vietnamese Goods Week in France. The event was inaugurated on September 25 in … [Read more...] about Vietnam news in brief – September 26

Prime Minister Pham Minh Chinh (R) and President of the Communist Party of Brazil Luciana Santos. (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh hosted a reception for President of the Communist Party of Brazil Luciana Santos and its leadership in Brasilia on September 24 as part of his official visit to the South American country. Hailing the Communist Party of Brazil’s achievements and positive role in the country’s politics, PM Chinh affirmed that the Vietnamese Party, Government and people always bear in mind and respect the Brazilian people, the Communist Party of Brazil, left-wing forces, and peace lovers' sentiments and valuable support for and assistance to the Vietnamese people during their past struggle for national liberation as well as the curent cause of national construction and protection. Amidst complicated and unpredictable developments in the world, Vietnam advocates promoting global solidarity as well as heightening multilateralism, … [Read more...] about PM receives leaders of Communist Party of Brazil, friendship association

Employees of a timber company examine a tree in an FSC-certified forest in Tuyên Quang Province. Sustainable management of forests is one of the requirements at the heart of EVFTA. — VNA/VNS Photo Quang Cường The EU-Việt Nam Free Trade Agreement (EVFTA) includes a chapter dedicated to sustainable development that covers not only environmental but also labour-related issues, said an official of the Ministry of Industry and Trade. Ngô Chung Khanh who is Deputy Director General of the ministry's Multilateral Trade Policy Department said the issues of climate change, biodiversity, and the sustainable management of forest and living marine resources in bilateral trade had been brought to the fore since the formation of the agreement. Vietnamese producers, under EVFTA, must now actively engage in the fight against illegal, unreported, and unregulated (IUU) fishing and fishing-related activities, and implement measures to exclude IUU-related products from the trade flows. They are … [Read more...] about Green transition holds the key to the EU market

Old artifacts are not only valuable, but also a keepsake for many families. Many people would be extremely sad if an artifact was damaged for some reason. In such cases, they may eventually find their way to an expert like Nguyen Khac Duy. Ten years ago, the man, now 34, who lives in Sa Dec City in the Mekong Delta province of Dong Thap, returned to his hometown after completing his military service and assisted his family business in trading artifacts. Noticing that the supply of artifacts was dwindling over time, Duy thought of finding solutions to repair damaged items, which would allow his family to sustain their business for a long time to come. Giving old things a second life In the early days of trying to repair damaged artifacts, Duy's lack of confidence meant he only fixed his own artifacts for fear of further harming customers’ precious items. However, after some time, as the artifacts he repaired became more common, more and more collectors came to ask him to … [Read more...] about In Vietnam, man gives artifacts a second life

EVN has urged the Ministry of Industry and Trade (MoIT) to expedite electricity imports from Laos in a bid to amplify the power supply in the North by 2025, as reported by local newswire VNExpress on September 25. The strategic import of electricity from Laos is emerging as a linchpin in the mitigation of potential electricity shortfalls over the coming dry seasons. The approach is underscored by both meticulous operational foresight and a diplomatic synergy, entrenched in the 2019 cooperation agreement between Vietnam and Laos. According to the National Power Development Plan VIII, and thanks to the cooperation agreement, Vietnam plans to purchase 3,000MW of electricity from Laos by 2025, with potential increments to 5,000MW by 2030 and 8,000MW thereafter if conditions permit. EVN’s recent proposition entails importing over 225MW from Laotian hydro and wind power plants including Nam Mo and Houay Koauan, and integrating with projects like Savan 1 and 2. The move is crucial, as … [Read more...] about EVN proposes accelerated electricity imports from Laos

Cashew nuts packed at a factory in Bình Phước Province. — VNA/VNS Photo Cashew exports are likely to strongly rebound by the end of the year after significant growth in both volume and value in the past eight months of this year, industry insiders have said. Data from the Việt Nam Cashew Association shows that in August, the country exported nearly 64,000 tonnes of cashew nut, earning a turnover of US$343.4 million, an increase of over 38 per cent in volume and nearly 32 per cent in value. The latest addition had brought its cashew nut exports over the past eight months of this year up to 400,000 tonnes in total with a value of over $2.25 billion, up 16 per cent in quantity and 13 per cent in quality. Raw cashew imports also increased significantly over the past eight months, 21 per cent higher than the yearly target, according to the association. In August alone, the country spent $370.4 million in importing over 367,200 tonnes of raw cashew, marking yearly hikes of 87 per … [Read more...] about Cashew exports predicted to strongly rebound by the year-end

President Vo Van Thuong (R) and President of the National Assembly of People's Power of Cuba Esteban Lazo Hernandez. (Photo: VNA) Hanoi (VNA) – President Vo Van Thuong has welcomed President of the National Assembly of People's Power of Cuba Esteban Lazo Hernandez’s visit to Vietnam to attend a ceremony marking the 50th anniversary of Cuban leader Fidel Castro’s trip to the liberated zone in Southern Vietnam. At a reception for Hernandez in Hanoi on September 25, Thuong said this is a special occasion to review the tradition of cooperation and solidarity between the two countries and to reminisce the sentiments of Fidel Castro, the State and people of Cuba for the Vietnamese people's struggle for national liberation, construction and development. Vietnam has consistently supported Cuba's cause of national construction and development and stayed ready to share difficulties and challenges caused by sanctions, natural disasters and the COVID-19 pandemic with Cuba, he said, … [Read more...] about President welcomes leader of National Assembly of People’s Power of Cuba