Export turnover

Vietnamese Prime Minister Pham Minh Chinh (L) and his Japanese counterpart Kishida Fumio. (Photo: VNA) Hanoi (VNA) – The year 2023 marks the 50th anniversary of the establishment of Vietnam - Japan diplomatic relations (September 21, 1973 - September 21, 2023). During the past 50 years, the relations between the two countries have been strengthening and developing in fields. They have become important partners of each other, sharing strategic interests. The bilateral relationship framework has continually been heightened, from a "trusted, long-term stable partnership" (2002) to “Towards a strategic partnership for peace and prosperity in Asia" (2006), then to a "strategic partnership for peace and prosperity in Asia" (2009), and ultimately an "extensive strategic partnership for peace and prosperity in Asia" (2014). The two countries often exchange high-level delegations and convene meetings on the sidelines of international and regional conferences, thereby strengthening … [Read more...] about Vietnam, Japan go together, head to future, reach out to world

The regulation, approved by the European Commission (EC) on May 16, 2023, is the latest by the EU regarding green, sustainable development, specifically deforestation-free agricultural products. It sets mandatory due diligence rules for all operators and traders who place, make available or export the following commodities from the EU market: palm oil, cattle, wood, coffee, cocoa, rubber and soy. The rules also apply to a number of derived products such as chocolate, furniture, printed paper, and selected palm oil-based derivatives (used for example as components in personal care products). They will be applicable to most companies from December 2024. Micro-enterprises and small-medium enterprises would have an additional six months to comply with the regulation's requirements. Binh Phuoc's key products like rubber, cashew nuts, coffee, pepper, durian, and wood and wood products are expected to be impacted by the requirements. Under the document, the chairwoman of the … [Read more...] about Vietnam’s cashew ‘capital’ takes action to comply with EU’s anti-deforestation regulations

The EV maker plans to deliver approximately 3,000 EVs to France, Germany, and the Netherlands in the fourth quarter of 2023, as the EU contemplates imposing import tariffs on Chinese EV competitors, according to a recent Reuters report. VinFast’s CEO Le Thi Thu Thuy revealed that the company anticipates introducing its VF8 models in France, Germany, and the Netherlands in Q4 this year. "Other models like the VF6, VF7, and VF9 are slated for a 2024 launch," she added. “Thuy did not indicate the number of VF8 sport utility vehicles (SUVs), but a person familiar with the matter said it would be around 3,000 vehicles, including some for Israel,” Reuters wrote. This move marks a significant growth target, with the company aiming to quadruple its European sales volume, a considerable jump from its earlier modest target of 700 EVs. The EU's stringent scrutiny of Chinese EV makers and the anticipated imposition of import tariffs could present a lucrative opening for VinFast. If the … [Read more...] about VinFast eyes Europe expansion amid potential EU tariffs on Chinese EVs

The 15th Vietnam International Woodworking Industry Fair attracts 320 exhibitors from 28 countries and territories. (Photo: VNA) HCM City (VNA) - The 15th Vietnam International Woodworking Industry Fair opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on September 20. It has attracted 320 exhibitors from 28 countries and territories who are showcasing their latest woodworking product lines and engaging in various curated events and activities. Exhibitors showcase comprehensive automatic production lines and wood system integration with the focus on digital transformation. It has eight foreign pavilions from Austria, Canada, France, Germany, Italy, Russia, the US and Taiwan. Speaking at the opening ceremony, Vice Chairman of the HCM City Handicrafts and Wood Industry Association Phung Quoc Man said Vietnam is the world’s fifth largest exporter of wooden products and has substantial demand for woodworking machinery and components. Imports of … [Read more...] about VietnamWood Fair kicks off in HCM City

At a working session between Minister of Agriculture and Rural Development Le Minh Hoan and EC representatives (Photo: VNA) Binh Phuoc (VNA) – The People’s Committee of the south-eastern province of Binh Phuoc, dubbed as Vietnam’s “capital” of cashew and rubber trees, has issued a document on the implementation of an action plan framework in response to the European Union Deforestation-Free Regulation (EUDR). The regulation, approved by the European Commission (EC) on May 16, 2023, is the latest by the EU regarding green, sustainable development, specifically deforestation-free agricultural products. It sets mandatory due diligence rules for all operators and traders who place, make available or export the following commodities from the EU market: palm oil, cattle, wood, coffee, cocoa, rubber and soy. The rules also apply to a number of derived products such as chocolate, furniture, printed paper and selected palm oil based derivatives (used for example as components in … [Read more...] about Binh Phuoc takes action to comply with EU’s anti-deforestation regulations

PM Pham Minh Chinh (R) meets with First Secretary of the Communist Party of Cuba and  President of Cuba Miguel Díaz-Canel in New York on September 20. (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh met with global leaders in New York on September 20 afternoon (local time), on the sidelines of the high-level week of the 78th session of the United Nations General Assembly . Talking to First Secretary of the Communist Party of Cuba and President of Cuba Miguel Diaz-Canel, PM Chinh affirmed that the Party, State, Government, National Assembly, and people of Vietnam never forget Cuba’s wholehearted assistance for Vietnam’s struggle for national liberation, always treasure and stay determined to further intensify the traditional solidarity and comprehensive cooperation between the two countries, and support the just revolutionary cause of the Cuban people. He underlined Vietnam’s consistent stance of not supporting but demanding the unilateral sanctions against Cuba … [Read more...] about Vietnamese PM meets global leaders in New York

Vietnamese Minister of Foreign Affairs Bui Thanh Son (R) meets with Lao Deputy PM and Foreign Minister Saleumxay Kommasith in New York on September 20. (Photo: VNA) New York (VNA) – Vietnamese Minister of Foreign Affairs Bui Thanh Son met with Deputy Prime Minister and Minister of Foreign Affairs of Laos Saleumxay Kommasith, Minister for Foreign Affairs and External Trade of the Salomon Islands Jeremiah Manele, Minister of State for Foreign Affairs of Uganda Henry Oryem Okello, and Vice President of the European Commission for Interinstitutional Relations Maros Sefcovic in New York on September 20. The meetings took place on the occasion of their attendance in the high-level general debate of the United Nations General Assembly. Talking to Kommasith, Son applauded the sound development of the two countries’ relations, especially high-level mutual visits and meetings, and the promotion of key cooperation projects in the recent past. The Lao official spoke highly … [Read more...] about FM meets senior officials of Laos, Salomon Islands, Uganda, EU