China oil imports by country 2016

The meeting between officials of the Ministry of Industry and Trade and China's Yunnan province in Hanoi (Source: Ministry of Industry and Trade) Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien discussed measures to promote economic and trade ties between Vietnam and China’s Yunnan province, while meeting with Secretary of the Yunnan Party Committee Wang Ning in Hanoi. Dien said Yunnan province holds an important role in economic and trade ties as it has a large market and diverse goods demand while serving as a crucial gateway for Vietnamese products to enter the southwest of China. However, trade between Vietnam and Yunnan remains modest, accounting for less than 5% of the Vietnam - China trade, which hasn’t fully reflected the cooperation potential and demand of both sides or met expectations leaders from of the two countries, he went on. Proposing measures for fostering economic and trade links, the host official suggested Yunnan facilitate … [Read more...] about Minister talks enhancement of economic, trade ties with China’s province

Hanoi (VNA) - Chinese State Councilor and Foreign Minister Qin Gang and Malaysia's Minister of Foreign Affairs Zambry Abd Kadir committed to promoting regional cooperation during their talks in Beijing on March 28. Qin said that China and Malaysia, both as developing countries and important emerging economies in Asia and progressive forces on the international stage, should further deepen mutually beneficial cooperation, consolidate friendship, work together to cope with risks and challenges, and contribute more to global and regional peace, stability, development and prosperity, China’s Xinhua news agency reported. Qin called on both sides to speed up key projects and explore more cooperation in areas such as new-energy vehicles, digital economy, semiconductors and agriculture. Zambry Abd Kadir said Malaysian Prime Minister Datuk Seri Anwar Ibrahim's upcoming official visit to China will bring the two countries' friendship to a higher level. The Malaysian foreign … [Read more...] about Malaysia, China commit to promoting regional cooperation

Representatives of the ILO and the Vietnamese partners show the signed Decent Work Country Programme Vietnam 2022 - 2026 on March 28. (Photo qdnd.vn) Hanoi (VNA) – The Decent Work Country Programme Vietnam 2022 - 2026 was signed between representatives of the Vietnamese Government, workers, and employers and the International Labour Organisation (ILO) in Hanoi on March 28. The MoU on the programme was signed by Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, President of the Vietnam General Confederation of Labour (VGCL) Nguyen Dinh Khang, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Tan Cong, President of the Vietnam Cooperative Alliance (VCA) Nguyen Ngoc Bao, and ILO Country Director for Vietnam Ingrid Christensen. The country programme provides a cooperation framework for the ILO and the Vietnamese partners until 2026 with a view to ensuring decent and sustainable work for all and that by 2026, Vietnamese people, especially those at … [Read more...] about Vietnam, ILO sign decent work country programme for 2022 – 2026

During the talk, the two sides expressed their delight at the fruitful development of the relations between the two parties and the countries over the past time, especially after the official visit to China by Party General Secretary Nguyen Phu Trong. Both foreign ministers shared the view that the success of Party chief Nguyen Phu Trong’s visit gave a push for the traditional friendship between the two parties and the comprehensive strategic cooperative partnership between the two countries. According to FM Son, Vietnam treasures and gives top priority to the friendly neighborliness and comprehensive strategic cooperative partnership with China. He also emphasized that the two foreign ministries play an important role in urging agencies and sectors to realize the common perceptions of leaders of the two parties and countries. For his part, Chinese State Councilor and Foreign Minister Qin Gang affirmed that China defines relations with Vietnam as an important priority in China’s … [Read more...] about China considers Vietnam a significant partner in various fields

Illustrative image (Photo: VNA) Lang Son (VNA) – Cross-border activities have been smooth sailing at the Huu Nghi International Border Gate since China reopened its border with Vietnam in the middle of this month. Since the reopening of cross-border tourism on March 15, the border gate has seen the entrance and exit of about 1,000 people daily. Most of them are tourists and those who travel to seek jobs or visit relatives. In the first two months of this year, it has completed immigration procedures for over 16,000 people. All immigration procedures there were done smoothly, ensuring compliance with regulations on medical quarantine conditions. Dong Dang - Lang Son border gate economic zone show that since February, about 500-600 vehicles carrying import and export goods have traversed through the border gate daily. Some days, the number reached 800. VNA … [Read more...] about Cross-border activities run smoothly at Huu Nghi border since China’s reopening

A vehicle loaded with Vietnam ese goods goes through  Ma Thu Lang Border Gate to enter China .(Photo: VNA) Hanoi (VNS/VNA) - The Ministry of Industry and Trade (MoIT) is seeking public comments on a legal draft amending Decree No. 14 on cross-border commercial activities. The draft aims to plug some loopholes that have been exploited by traders to disguise their commercial activities as cross-border individual transactions (CITs). It is also part of the government's efforts to promote the movement of goods via official channels, putting an end to trade bottlenecks at border gates. The draft stipulates that traders who engage in commercial activities at auxiliary border gates or border crossing points must do so at the gates or points approved by provincial authorities. The traders and their companies are also required to carry a valid passport or equivalent papers while doing the trade. Vehicle drivers, in addition to the papers, are required to have a valid … [Read more...] about Ministry proposes draft on cross-border trade

US President Joe Biden recognized Vietnam as an important partner, committed to supporting its independence, self-reliance, and prosperity. Vietnam and the US should continue to ensure economic, scientific, and technological cooperation as the core and driving force for bilateral relations. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong at the talks. Source: VNA General Secretary of the Communist Party of Vietnam Nguyen Phu Trong gave the remarks during his phone talks with US President Joe Biden on March 29 on the 10th anniversary of the Comprehensive Partnership. Trong hoped the two nations would uphold their defense-security cooperation agreements, prioritize trade promotion, and explore new cooperation areas such as logistics, digital economy, green transformation, and health. He emphasized the need for intensified collaboration in various fields, including addressing the aftermath of war, UN peacekeeping, information … [Read more...] about Economic – science cooperation key pillar in Vietnam-US relations: Party chief

Delegates at the workshop (Photo: VNA) Hanoi (VNA) – The 17th theoretical workshop between the Communist Party of Vietnam (CPV) and the Communist Party of China (CPC) was held in an online format on March 29, with focus on experience in social management innovation in the information age. The Vietnamese delegation to the event was led by Nguyen Xuan Thang, Politburo member, Chairman of the Central Theory Council and President of the Ho Chi Minh National Academy of Politics (HCMA), while the Chinese side was headed by Li Shulei, Politburo member, Secretary of the Secretariat of the CPC Central Committee, and head of its Publicity Department. Speaking at the workshop, Thang said that the CPV always attaches importance to and upholds social management in the information age, as with many new technology fields, the information age has a strong impact on all aspects of the social life, bringing great opportunities to promote the modernisation process in each country, … [Read more...] about Vietnamese, Chinese parties hold theoretical workshop

Vietnam has benefited from the trade tensions between the United States and China. With US companies adopting a China-plus-one approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine per cent between 2018 and 2021. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas It is, however, important to note that Vietnam was an alternative to China for general manufacturing in Asia long before the pandemic, and its long-term prospects remain bright. Despite the uncertainty of global economic conditions, many remain confident in Vietnam’s outlook. The country’s business-friendly atmosphere, its strategic location as a gateway to other fast-growing markets, the plentiful supply of skilled labour, and the competitive costs and incentives are compelling propositions for companies looking to expand their manufacturing in the region. While Vietnam has yet to host an Apple plant, the country is already home to … [Read more...] about The significance of Vietnam for US businesses and why they should take notice

The CEO and Regional Head, Client Coverage, Americas, Standard Chartered, shared his view on Vietnam's significance for US businesses and why Vietnam is potential for foreign investors. Vietnam has gone from being a frontier economy in ASEAN to a flourishing, cost-effective industrial nation. Firms and investors looking for new markets to grow, source, or manufacture their products – especially in Asia – should consider Vietnam’s long-term potential and stay updated on its opportunities. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas, Standard Chartered. Photo: Standard Chartered In recent years, Vietnam has benefited from the trade tensions between the US and China. With US companies adopting a ‘China plus one’ approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine percent between 2018 and 2021. It is, however, important to note that Vietnam has been an alternative to China … [Read more...] about The significance of Vietnam for US businesses and why they should take notice: Standard Chartered