Ifcs new regional vice president for asia and the pacific

British Ambassador to Viet Nam Iain Frew. — VNS Photo Le Viet Dung It is particularly meaningful that Viet Nam hosted the final round of negotiations on UK accession, as the two countries celebrate 50 years of diplomatic ties in 2023, Iain Frew, British Ambassador to Viet Nam, said in a press briefing on Friday. The UK announced the conclusion of trade negotiations with all member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) the same day. With the conclusion, the UK has become the first European country to join the dynamic trade bloc and the first new member since its inception. The UK and CPTPP members will now take the final steps required for the UK to formally sign in 2023. After an intense round of talks in Viet Nam, negotiations, which began in June 2021, came to a unanimous agreement that the UK has reached the conclusion of its accession process to join the trade bloc. Accession could mean lower tariffs on some … [Read more...] about UK, the first European country, to join CPTPP

Visa extension proposal is expected to help boost tourism. (Photo: VNA) Hanoi (VNA) – The Government has agreed to propose to the National Assembly some new policies relating to the immigration, transit and residence of foreigners in Vietnam, including one on a visa extension to 90 days. 15-day stay too short Do Van Thuc, Deputy Director of Dat Viet Tour Company, said his trans-national tours are favoured by many international tourists, adding that such tours offer six days in the north and another six days in the central region. Therefore, those with visa-free stay of only 15 days will not have enough time to travel the southern region, he said. According to the official, many international tourists initially plan to spend only two weeks in Vietnam. However, the country’s charm has persuaded them to stay longer, and seek ways to extend their visa. Many others spend up to two days on flights to the Southeast Asian nation. Meanwhile, many tourist destinations … [Read more...] about Visa extension proposal to help boost tourism: Insiders

Vietnamese steel industry calling for wider investment from overseas entities, photo Le Toan Posco Yamato Vina Steel JSC, a joint venture between South Korea’s Pohang Iron and Steel Company and Japan’s Yamato Holdings, is contemplating constructing a second facility in Vietnam. Lee Youngwoo, general manager of Posco Yamato Vina, wants to “establish a robust sales network” across Vietnam while enhancing scrap supply security. In 2020, Posco Yamato Vina was the first to manufacture wide H-shaped steel in Vietnam. According to Lee, the business built a representative office in Haiphong last year in order to “create additional prospects for collaboration” with clients. In the southern province of Ba Ria-Vung Tau, Posco Yamato Vina operates a steel mill with a capacity of one million metric tonnes per year and produces section steel with a capacity of 500,000 tonnes per year. Following a lack of foreign investment in steel manufacturing in recent years, many observers see Posco … [Read more...] about Vietnamese steel industry calling for wider investment from overseas entities