Participants at the meeting (Photo: The Ministry of Industry and Trade) Hanoi (VNA) – Solutions to promote trade cooperation between Vietnam and Australia and the implementation of the Australia-Vietnam Enhanced Economic Engagement Strategy (EEES) were tabled at an online meeting on March 30 in Hanoi. During the 4th session of a trade working group within the framework of the Ministerial-level Vietnam- Australia Economic Partnership Meeting, the two sides focused on reviewing the implementation of cooperation contents agreed at the 3rd session and discussed issues related to regional and multilateral cooperation , as well as supply chain cooperation. Both sides expressed their delight at the impressive growth of bilateral trade recently. Australia became the 7th largest trade partner of Vietnam in 2022 with two-way trade hitting 15.7 billion USD. The positive results were attributed to efforts of both sides in promoting economic and trade cooperation, fully … [Read more...] about Vietnam, Australia seek to expand trade cooperation
Eu free trade agreement with japan
ASEAN, Japan reaffirm commitment to take partnership to new heights
Delegates at the 38th ASEAN-Japan Forum opens in Tokyo on March 28 (Photo: asean.org) Jakarta (VNA) - Senior officials of ASEAN and Japan attending the 38th ASEAN-Japan Forum in Tokyo on March 28 reaffirmed their commitments to further advance the partnership and strengthen cooperation, as both sides are marking the 50th Anniversary of Dialogue Relations this year. In support of the ASEAN Comprehensive Recovery Framework, the two sides agreed to continue strengthening cooperation to facilitate the regional economic recovery in the areas of trade and investment, digital economy, sustainable development, connectivity, disaster management, climate change, food and energy security, global health, and people-to-people exchanges. ASEAN welcomed Japan’s support for the ASEAN Outlook on the Indo-Pacific (AOIP), noting the similarities with Japan ’s Free and Open Indo-Pacific Strategy, and Japan’s willingness to enhance cooperation by launching projects in the key areas of AOIP. … [Read more...] about ASEAN, Japan reaffirm commitment to take partnership to new heights
Vietnam expected to export 7 million tonnes of rice this year: Ministry
Vietnam is expected to ship about 6.5-7 million tonnes of rice abroad this year. (Photo: VNA) Hanoi (VNA) – Vietnam is expected to ship about 6.5-7 million tonnes of rice abroad this year thanks to the return of markets like Indonesia, Bangladesh, and China , according to the Ministry of Industry and Trade (MoIT). Vietnam now sees a sharp increase in rice orders from the Philippines and China. Acccording to Pham Thai Binh, General Director of Trung An Hi-tech Agriculture Joint Stock Company in the Mekong Delta city of Can Tho, the company has signed an order to export 2,000 tonnes of rice to China and is under negotiation for another batch of 20,000 tonnes. Illustrative photo (Photo: VNA) Statistics from the General Administration of Vietnam Customs show that in the first two months of this year, China imported 152,640 tonnes of rice from Vietnam worth 90 million USD, a year-on-year increase of 86% in volume and 120% in value. Vietnamese rice exported to China … [Read more...] about Vietnam expected to export 7 million tonnes of rice this year: Ministry
Seafood exports hardest hit amid reduced global demand
While Vietnam’s export of several key agro-forestry-aquatic products endured a sharp drop of 14.40 percent on-year in the first quarter of 2023 due to the impact of rising inflation globally, seafood exports were hardest hit with the on-year fall of 29 percent. Illustrative photo A report from the Ministry of Agriculture and Rural Development (MARD) showed that the country made just USD11.20 billion in export turnover of agro-forestry-aquatic products, including USD1.79 billion from seafood exports in the first three months of this year. Vietnam produced nearly 1.90 million tonnes of seafood products during the period, an increase of 1.40 percent compared to the same period last year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the decline in Vietnam's seafood exports was due to changes in regulations on export quotas, and policies in some key markets. Sales to the United States, which was the largest … [Read more...] about Seafood exports hardest hit amid reduced global demand
Vietnam-Malaysia ties expand across all pillars over 50 years: Diplomat
In an interview granted to the Vietnam News Agency, Anh said that the 50-year journey that the two countries have taken is marked with an important milestone when they lifted their ties to a strategic partnership on August 7, 2015, making Vietnam the only strategic partner of Malaysia among the ASEAN countries. The upgrade showed the in-depth development of the bilateral relations with strong political trust, while reflecting a new chapter in their comprehensive cooperation over all fields such as politics, diplomacy, economy, trade, culture, defense - security, science - technology and sustainable development, she said. The two sides are currently working together to implement the action plan to realize their strategic partnership in the 2021-2025 period, paving the way for the further growth of the bilateral relations in the future. Anh noted that over many years, Malaysia has been one of the leading trade and investment partner of Vietnam among the ASEAN member states. … [Read more...] about Vietnam-Malaysia ties expand across all pillars over 50 years: Diplomat
Packaging provider SIG reinforces sustainability commitment in Asia
SIG's solar-powered factory, one of the biggest in the region, produces with 100 per cent renewable electricity As SIG has just celebrated its 25 th anniversary of its packaging plant for aseptic carton packs in Thailand, c ould you share a significant milestone of your time in Southeast Asia? Through our 25 years in Southeast Asia, the pursuit of excellence towards a greener future underpins everything that we do. Our motivation to design eco-friendly packaging across all product lines drives us to pioneer top-notch technology to our clients with adaptable solutions, and ultimately assist them in transforming their businesses for the better. The SIG Rayong plant began operations in 1998 and spans across 109,600 sqm, supplying customers in Asia Pacific and South Asia, specifically in Southeast Asia, Australia, Japan, and India. The plant has the capacity to produce around 11 billion aseptic carton sleeves per year for brands such as Thai Denmark, Nestlé, … [Read more...] about Packaging provider SIG reinforces sustainability commitment in Asia