Henan zhao yuhang economic trade co ltd

Chairman of the Vietnamese National Assembly Vương Đình Huệ (second, left) and delegates attend the forum. —VNA/VNS Photo Việt Nam defines Bangladesh, which is currently the country's second largest trading partner in South Asia, as its important partner and a potential investment destination for major corporations and enterprises of the Southeast Asian country in the future, National Assembly Chairman Vương Đình Huệ said on Friday. In his speech at the Việt Nam-Bangladesh forum on policies and laws to promote economic, trade and investment cooperation in Dhaka capital, Bangladesh, Huệ said with a favourable geographical location, Bangladesh could be considered a gateway for Vietnamese businesses to enter and expand to other South Asian and Middle East markets, and vice versa, Bangladeshi businesses can expand to markets in the Association of Southeast Asian Nations (ASEAN) - the 5th largest market in the world with about 650 million people - and enlarge to partner countries which … [Read more...] about Việt Nam, Bangladesh boost economic cooperation

Vietnam’s gross domestic product (GDP) is hoped to grow 6.46% in the third scenario when the global economy will see positive changes, and Vietnam will take drastic actions in reform and management (Photo: VietnamPlus) Hanoi (VNA) – The Central Institute for Economic Management ( CIEM ) put forwards three scenarios for Vietnam’s economic growth in 2023 at a seminar in Hanoi on July 10 to announce a report on the domestic economy in the first half of this year, and prospects for the second half. Specifically, Vietnam’s gross domestic product (GDP) is expected to grow 5.34% this year under the first scenario. The first scenario assumes the global economic development matches assessments of international organisations and Vietnam, under which the country’s export turnover is projected to drop by 5.64%, and its consumer price index (CPI) will rise 3.43%, with a trade surplus of 9.1 billion USD. Under the second as, given monetary and fiscal easing in Vietnam , the GDP … [Read more...] about CIEM forecasts three economic growth scenarios for Vietnam in 2023

Participants at the conference (Photo: VNA) Bangkok (VNA) - A conference to promote trade exchange s between businesses in the north-central region of Vietnam and those in Khon Kaen and Ubon Ratchathani provinces in the northeastern region of Thailand was held in Thailand on September 18-20. As part of the national programme on trade promotion , the event was jointly organised by the Vietnamese Consulate General in Khon Kaen, the Investment, Trade and Tourism Promotion Centre of the central province of Quang Tri, and the authorities of Khon Kaen and Ubon Ratchathani provinces. Vietnam ese Consul General Chu Duc Dung stressed that there remains great potential for Vietnamese goods to penetrate the Thai market because this country is home to a large community of overseas Vietnamese, with many of whom own supermarkets, distribution and supply stores. He affirmed that the Consulate General is always ready to accompany Vietnamese and Thai businesses in promoting … [Read more...] about Vietnamese firms seek to boost trade ties with businesses in Thailand’s northeastern region

Participants at the last year's event in Hà Nôi. — Photo courtesy of VINEXAD The 2023 Zhejiang International Trade Exhibition and the 11h Zhejiang Export Fair, the largest and oldest expo independently held by China’s Zhejiang authority in ASEAN, are slated to convenve at Hà Nội’s International Convention Centre on September 28. The 4,000sqm expo will comprise 120 booths, displaying products in hardware and machinery, textiles and inputs, interior and exterior furniture, electronics and household appliances. The three-day event is hosted by the Department of Commerce of Zhejiang Province, co-organised by Zhejiang Yuanda International Exhibition Co Ltd and the Việt Nam National Trade Fair and Advertising Company (VINEXAD). Launched in 2011, the expo has been a platform not only for product exhibition and promotion but also for Việt Nam and China to strengthen economic and cultural exchange and multifaceted cooperation between their localities. Việt Nam is the largest trading … [Read more...] about Zhejiang Int’l Trade Exhibition, Export Fair to take place in Hà Nội

Gemalink Deep-Sea Port in Ba Rịa - Vung Tau province (Photo: VNA) Hanoi (VNA) - The Ministry of Planning and Investment has outlined three potential economic growth scenarios for 2024 , with the highest GDP growth rate forecast at 6.5%. These projections stem from the Government's socio-economic development strategy for the 2021-25 period, combined with endeavours to meet the 2023 growth goal of 6.5%. Given the challenges faced by the Vietnamese economy between 2021-23, 2024 is anticipated to be a pivotal year for Vietnam to accomplish the objectives of its five-year plan. In the first scenario, Vietnam's GDP is predicted to rise by 6%. This estimate presumes that global growth will be moderate in 2023 and the resurgence of global trade and investment will continue to face hurdles. Although the domestic market and services sector might exhibit robust growth, the import, export, and industrial production sectors may not experience a marked recovery due to their … [Read more...] about Ministry projects three economic growth scenarios for 2024

Chairman of the Vietnamese National Assembly Vuong Dinh Hue (second, left) and delegates attend the forum. (Photo: VNA) Dhaka (VNA) – Vietnam defines Bangladesh, which is currently the country's second largest trading partner in South Asia, as its important partner and a potential investment destination for major corporations and enterprises of the Southeast Asian country in the future, National Assembly Chairman Vuong Dinh Hue said on September 22. business es can expand to markets in the Association of Southeast Asian Nations (ASEAN) - the 5th largest market in the world with about 650 million people - and enlarge to partner countries which have signed free trade agreements with Vietnam. Bangladesh wishes to share development experiences and strengthen investment and trade cooperation in the future. VNA … [Read more...] about Vietnam, Bangladesh boost economic cooperation

Vietnam and Bangladesah have ample room for achieving stronger growth in their bilateral trade cooperation, as the two countries share many things in common, including being emerging economies with stable development, having large populations, markets, and sufficient human resources. In addition, a huge number of young people in the two countries are able to quickly embrace advanced technology and innovation trends, said Pham Viet Chien, Vietnamese Ambassador to Bangladesh, the Vietnam News Agency reported. The two countries need to effectively implement bilateral agreements and cooperation mechanisms in multiple fields, especially the Joint Committee on economic, culture, science and technology cooperation. Both sides should continue to study and develop new cooperation mechanisms on par with each nation’s need for further growth, he said. The two Asian nations also share many others in common, in terms of their foreign policies about global and regional issues. They … [Read more...] about Much room for growth in Vietnam – Bangladesh trade ties: Vietnamese ambassador

At the working session (Photo: VNA) Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien held a working session with US Secretary of Commerce Gina Raimondo in New York recently, on the occasion of a working trip to attend the 78th session of the United Nations General Assembly and bilateral activities. Both sides underscored the need for broader and deeper cooperation between the management agencies of both countries, and between the Vietnamese Ministry of Industry and Trade (MoIT) and the US Department of Commerce (DOC) in particular, in order to actualise the vision of the two countries' leaders and to set development goals that match the bilateral comprehensive strategic partnership. Reiterating the importance of the recognition of Vietnam's market economy status, Dien suggested the DOC make drastic directions to expedite and complete the Changed Circumstances Review (CCR) process this year, in line with the spirit of the Joint Statement on September 11 and … [Read more...] about Industry-trade minister holds working session with US Secretary of Commerce

Speaking with business executives during his official visit to the South American country Sunday, he said the trust and partnership between the two countries have been growing for almost 35 years since they established diplomatic relations and especially since 2007 when they formed a Comprehensive Partnership. They are now each other’s biggest trade partners in their respective regions, with bilateral trade being worth $6.78 billion last year. Though the figure has tripled in the last decade, Chinh said there is still much room to grow. Brazilian business representatives meet with Vietnam Prime Minister Pham Minh Chinh in Brazil on Sep. 24, 2023. Photo by Nhat Bac Businesses in both countries possibly lack information about the other and geographical distance is also an obstacle, but Vietnam could import cotton, soybean and corn from Brazil, and Brazil could buy footwear, garment, agriculture produce, and electronics from Vietnam, he said. "Brazilian businesses … [Read more...] about Vietnam seeks to enhance trade with Brazil

Prime Minister Pham Minh Chinh (L) meets with Mayor of New York Eric Adams . (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh on September 22 met with Mayor of New York Eric Adams, during which he affirmed Vietnam attaches importance to its cooperation with the US city, and will ensure interests for US and New York investors in the Southeast Asian country. PM Chinh, who has been in the US to attend the high-level week of the UN General Assembly’s 78th session, said that the establishment of comprehensive strategic partnership  between the two countries will create new opportunities for more practical and extensive cooperation. He expressed satisfaction with the strong and practical development steps in the collaboration between New York and Vietnamese agencies and localities, including in education and training as over 1,500 Vietnamese students are currently studying at universities in New York state. The PM took this occasion to thank the city's … [Read more...] about PM meets with New York Mayor, opens Nasdaq trading session