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Vietnamese and Chinese officials take part in the teleconference on June 29. (Source: VNA) Hanoi (VNA) – A conference reviewing cooperation between Vietnamese ministries, localities and Guangdong province of China was held in virtual form on June 29 under the chair of Vietnamese Deputy Foreign Minister Pham Quang Hieu and Guangdong’s Vice Governor Wang Xi. Opening the conference, the eighth of its kind, Deputy FM Hieu expressed joy at the positive developments in the Vietnam-China relationship in general and between Vietnamese ministries, localities and Guangdong in particular. Guangdong has the biggest trade revenue with Vietnam among Chinese localities , with bilateral trade up 16.2 percent in 2021 to 47.42 billion USD, accounting for more than one quarter of Vietnam-China trade value. Guangdong companies invested nearly 2 billion USD in Vietnam in 2019-2020. Deputy minister Hieu said amidst fast developments in global and regional economic situation, the two … [Read more...] about Conference reviews Vietnam-Guangdong cooperation

Even though there are differences between the two systems, the two sides will find plenty of common ground, which hopefully will lead to closer cooperation and dialogue in bilateral parliamentary relations, Mr. Morris, who is also former British Ambassador to Vietnam, told Vietnam News Agency ahead of Hue’s official visit to the U.K. from June 28 – 30. Mr. Morris spoke highly of the Vietnam-U.K. relations, saying the 50th anniversary of their diplomatic ties next year is a fine milestone. The bilateral relationship has broadened and deepened enormously during the two decades since 2003 when Vietnam and the U.K. celebrated the 30th anniversary and he served as the British Ambassador to the Southeast Asian country, he recalled. The recent renewal after an initial 10 years of the two countries’ Strategic Partnership was a clear indication of a healthy and vibrant official relationship, as was the signing of a bilateral Free Trade Agreement in late 2020, which is already leading to a … [Read more...] about Vietnam, U.K. legislatures will find common ground for closer cooperation: VUKN Chairman

The visit aims to maintain and deepen the cooperative relations between the two countries and affirm the importance Vietnam attaches to the Vietnam-U.K. Strategic Partnership. Through meetings and working sessions with the U.K.’s authorities, businesses and the Vietnamese community in the U.K., Vietnam expects to attract more resources serving its post-pandemic socio-economic development. During his visit, N.A. Chairman Hue will hold talks with McFall and Hoyle, and have meetings with other high-ranking officials of the U.K. government and parliament; and representatives from the business community and major economic, finance and education corporations of the European nation. The visit is expected to contribute to further strengthening the Vietnam-U.K. Strategic Partnership in various fields and at all levels, promoting cooperation between the two countries’ legislative bodies; and expanding cooperation in potential fields such economy, trade - investment, finance - banking, … [Read more...] about N.A. Chairman begins official visit to U.K.

The visit aims to maintain and deepen the cooperative relations between the two countries and affirm the importance Vietnam attaches to the Vietnam - UK Strategic Partnership. The focus of the visit is to promote bilateral economic and trade cooperation, and speed up the development of legal policies for economic cooperation between the two countries through the parliamentary channel, towards effectively implementing the UK-Vietnam Free Trade Agreement. Right after his arrival, the Vietnamese top legislator had a meeting with officials and staff from the Vietnamese Embassy, and representatives of the Vietnamese community in the UK. He suggested Vietnamese associations and organisations in the UK continue to play an important role in building an increasingly stable and developing community, becoming a solid bridge for the Vietnam-Vietnam strategic partnership. The legislator expressed his hope that the network of Vietnamese experts and intellectuals in the UK will continue … [Read more...] about Legislative leader pays official visit to UK

Making his remarks in a virtual meeting with the Vietnam News Agency's correspondent in the U.K. ahead of the top legislator’s trip from June 28-30, David said the visit is important not only symbolically, but in a very practical sense as well, because during the visit, the two sides will be talking about different issues important to both countries. According to the APPG Chair, Hue will be meeting not only the Speaker of Commons and the Speaker of Lords, members of all political parties and the APPG, but also members of the government, including the Deputy Prime Minister and the Home Secretary. Therefore, the visit is not only official but also practical. According to David, for a number of years, there has been relations between the National Assembly of Vietnam and the British Parliament, but this relationship has seen a formalization over last few years, particularly with the British Inter-parliamentary union's visit to Vietnam in October 2018. He said the visit, led by … [Read more...] about Top legislator’s U.K. visit comes in opportune and important time: APPG Chair

Trade Counselor in Belgium Tran Ngoc Quan briefed participants on the investment environment in Vietnam at the event during which potential and strengths of Belgian regions were introduced. According to Ambassador Nguyen Van Thao, there remains great potential for Vietnam and Belgium to expand their cooperation, especially in agriculture; green growth; seaport and logistics development and innovation. The two countries should work closely to create a favorable environment for the business community of both sides to exploit these potentials, he said. Mariella Cantagalli , an expert from the Directorate General for Trade of the E.C., said the E.U.-Vietnam Free Trade Agreement (EVFTA) has facilitated the exchange of trade and import-export between Vietnam and E.U. member countries in general, and Belgium in particular. Vietnam and Belgium has become strategic partners in agriculture. The two-way trade reached a record of 3.6 billion EUR (nearly 3.8 billion USD) in 2021. The … [Read more...] about Vietnam, Belgium look to step up trade, investment ties

The delta is undergoing infrastructure changes, including being able to welcome larger ship capacities At the conference over a week ago on announcing the delta’s master plan and investment promotion in the 2021-2030 period in in the Mekong Delta city of Can Tho, Dutch Ambassador to Vietnam Elsbeth Akkerman highlighted the role of the private sector. “In order to develop the Mekong Delta to become liveable land for all, we should put the private sector at the forefront for further innovation,” said the ambassador. The ambassador would like to continue working with the government, private sector, scientists, and non-governmental organisations in Vietnam to successfully implement the integrated master plan to help people, the economy, society, and nature in the Mekong Delta region flourish. According to the Ministry of Planning and Investment (MPI), the total state budget for the Mekong Delta in the 2021-2025 period is estimated to be about VND460 trillion ($20 billion). … [Read more...] about New lease of life for delta development

Illustrative photo (Source: VNA) Hanoi (VNA) - Vietnam is emerging as a good option for Kiwi exporters looking to diversify where they sell their goods, said New Zealand’s new site 1news .co.nz in a recent article. The article cited the Ministry of Foreign Affairs and Trade of New Zealand’s report prepared by the Embassy in Hanoi as saying between 2016 and 2021, Vietnam led ASEAN in terms of growth per capita. This growth rate is higher than that of other major ASEAN markets such as Singapore, Malaysia, or the Philippines Trade Commissioner Joseph Nelson said Vietnam is a "frontier market" presenting new opportunities, and challenges, to Kiwi exporters looking to diversify. "As Vietnam has come out of its COVID waves, we are seeing a really strong bounce back in the economy. GDP is expected to be between 6.5% to 7.5% next year," he said as quoted by the article. "All the markets in Southeast Asia are bouncing back quite strongly, but Vietnam definitely is the best … [Read more...] about Vietnam’s economy lures New Zealand exporters

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022. (Photo: VNA) According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of 17.3% over the same period last year. In the period, the domestic economic sector suffered trade deficit of 15.97 billion USD, while the foreign-invested sector saw trade surplus of 16.68 billion USD. In June, import-export turnover is estimated at 32.65 billion USD, up 5.6% over the previous month. In the second quarter of 2022, export revenue reached 96.8 billion USD, a rise of 21% year on year and 8.7% over the previous quarter. In the January-June period, 28 products recorded export revenue of over 1 billion USD, … [Read more...] about Vietnam enjoys trade surplus of 710 million USD in six months