European trade union institute

Hanoi (VNA) – Minister of Industry and Trade Tran Tuan Anh on February 26 asked relevant departments and agencies to optimise commitments in the European Union – Vietnam Free Trade Agreement (EVFTA) which will take effect later this year. He made the request during a working session in Hanoi to discuss the government’s action programme and the plan to realise the EVFTA. Luong Hoang Thai, Director of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department, said the EVFTA’s ratification has been added into agenda of the National Assembly Standing Committee’s meeting scheduled for April 13 – 17. According to him, two laws, one decree and one decision of the government are required to be revised in order to implement the deal. In the near future, four new decrees will be issued and the total number of commitments will be raised to 12. Minister Anh requested attention to completing legal procedures between now and … [Read more...] about Trade minister asks for optimising EVFTA commitments

New Delhi (VNA) – Minister of Planning and Investment Nguyen Chi Dung has affirmed that India is a major trade partner and investor of Vietnam, urging the two sides to spare no efforts to soon realise the target of bringing bilateral trade to 15 billion USD. The official made the call during talks with his host Indian Minister of State for External Affairs Shri V. Muraleedharan on February 25, as part of his working visit to the country. At the talks, Dung spoke highly of India’s increasing position in the international arena and affirmed that the Vietnam-India relations are thriving, voicing his hope that the bilateral ties will be strengthened in the future. Regarding India’s financial and scientific-technologically potential, Dung said that the nation’s investment in Vietnam remains modest, adding that Vietnam hopes to welcome more Indian investors in the coming time. For his part, V. Muraleedharan pledged that India will closely collaborate with and … [Read more...] about Vietnam, India bolster bilateral investment, trade

Hanoi (VNA) – Permanent Deputy Prime Minister Truong Hoa Binh on February 26 lauded Germany’s Hessen state as a most active factor in Vietnam – Germany strategic partnership. During a reception in Hanoi for Minister of Higher Education, Research and the Arts of Germany’s Hessen State Angela Dorn, Binh said two-way trade between Vietnam and Hessen state now nears 1 billion USD, or one-eighth of trade between Vietnam and Germany. He lauded cooperation between Hessen and Vietnam through the Vietnam – Germany University project which is dubbed as a “lighthouse” in bilateral ties. All curricula are lectured by professors from Germany’s partner schools. As the two countries are celebrating the 45th anniversary of bilateral diplomatic ties this year, more visits will be facilitated while major celebrations will be held, including the Vietnam Culture Days in Germany. Binh suggested that Minister Dorn encourage local firms to … [Read more...] about Deputy PM receives Germany’s Hessen state minister

According to MXV, the trading liquidity of the Vietnamese commodity market is rising. Since mid-2019, the number of new accounts on the market has increased by 20-30 per cent. The futures of agricultural products put up for trading on the MXV’s platform are also linked to global prices. … [Read more...] about Việt Nam’s commodity market expected to lure more capital

In addition, the resolution points to actions including “studying and finalising financial mechanisms and raising special capital for investment in the development of the electricity industry”. The document further notes accelerating the roadmap for implementation of the competitive electricity market; the mechanism of direct power purchase agreement (DPPA) and sale contracts between producers and consumers; the bidding mechanism; auction of appropriate power supply (especially in the projects of investment in renewable energy and new energies); and transparent power purchase price. … [Read more...] about Energy strategy fit for private backers