Important

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) – Vietnam’s fertiliser import volume reached the highest in more than two years in August, according to the General Department of Customs, while prices fell over the previous year. In August, Vietnam imported more than 472,283 tonnes of fertiliser worth 159 million USD, up 54% over July in volume and 85% in value. This was the highest import volume since July 2021. The fertiliser prices reached 338 USD a tonne last month, up 19% on-month, but down 26% year-on-year. Ending August, fertiliser imports rose 13% to 2.5 million tonnes, but the import value fell 19% year-on-year to 833 million USD. During the period, the average price of imported fertiliser was estimated at 347 USD per tonne, a 25% decrease from last year. China is the country's biggest fertiliser provider so far this year, accounting for roughly half of all imported fertiliser with more than 1.2 million tonnes, valued at 375 million USD, up 15% on-year in … [Read more...] about Fertiliser imports reach two-year high in August

Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam has been excluded from countries subject to self-defence duties on evaporators or condensers imported into Indonesia from September 5, as it is on the list of developing countries with insignificant exports to Indonesia, reported the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam . Accordingly, the Indonesia Safeguards Committee (KPPI) has decided to apply the extension of self-defence taxes globally from September 5, 2023 to September 4, 2026. Evaporators or condensers with HS code 8418.99.10, part of the refrigerators, freezers or other refrigeration/freezing equipment, will be subject to a self-defence tax rate of 12.5% in the first year from September 5 – September 4, 2024, and 11% in the second year from September 5, 2024 to September 4, 2025, and 9.5% in the third year from September 5, 2025 to September 4, 2026. The KPPI has also issued a notice to extend the application of … [Read more...] about Vietnam not subject to Indonesia’s self-defence duties on imported evaporators, rolling papers

In August, Vietnam imported more than 472,283 tons of fertilizer worth 159 million USD, up 54% over July in volume and 85% in value. This was the highest import volume since July 2021. The fertilizer prices reached 338 USD a ton last month, up 19% on-month, but down 26% year-on-year. Ending August, fertilizer imports rose 13% to 2.5 million tons, but the import value fell 19% year-on-year to 833 million USD. During the period, the average price of imported fertilizer was estimated at 347 USD per ton, a 25% decrease from last year. China is the country's biggest fertilizer provider so far this year, accounting for roughly half of all imported fertilizer with more than 1.2 million tons, valued at 375 million USD, up 15% on-year in volume and 14% in value. It was followed by Japan, with more than 225,000 tons of imported fertilizer and worth 21 million USD. Source: VNA … [Read more...] about Fertilizer imports reach two-year high in August

Vietnamese Ambassador Nguyen Thanh Hai (7th from right), Indian Minister of State for External Affairs and Education Rajkumar Ranjan Singh with staff members of the Vietnamese Embassy in India (Photo: VNA) New Delhi (VNA) – Indian Minister of State for External Affairs and Education Rajkumar Ranjan Singh affirmed that Vietnam is a pillar in India's Act East policy and an important partner of the South Asian country in the Indo-Pacific during a ceremony to celebrate the 78th National Day of Vietnam in New Delhi on September 20. Singh praised Vietnam’s growth and development achievements over the past years and expressed his delight at the sustainable development of traditional relations between India and Vietnam which are based on solidarity, trust, extensive understanding and similar interests. He appreciated achievements that the two countries have obtained in the comprehensive strategic partnership, from political interaction to cooperation in economic development, … [Read more...] about India considers Vietnam important partner in Indo-Pacific

On September 21 in New York, the US, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including Apple. At the meeting, Nick Ammann, Apple vice president of global policy, said, "Vietnam is a very important market and production area for Apple. There is a lot of potential for cooperation given the outstanding growth in production scale and export value of Apple products in Vietnam during this challenging period. This affirms the group's trust in the Vietnamese market." "Apple is very interested in Vietnam's clean energy strategy and wants its suppliers in Vietnam to gain access to clean energy. At the same time, Apple wants to engage in HR development and training, especially for software development," he said. Apple's suppliers, such as Lux Share, Foxconn, Compal, and GoerTek, operate 32 factories in Vietnam. These factories create jobs for 160,000 workers producing and assembling components for Apple products. PM Chinh … [Read more...] about Apple deems Vietnam an important market and production hub

Over the past years, trade and investment relations between Vietnam and Latin America have continually developed and expanded, said Ta Hoang Linh, Director of the MoIT’s European - American Market Department, at the event, held in Ho Chi Minh City from September 13 to 15. He cited statistics showing that bilateral trade doubled to 23 billion USD in 2022 from 14.2 billion USD in 2018. It stood at 13.4 billion USD in the first eight months of 2023, down 14% from a year earlier. Despite the fall during January - August, it is encouraging that the decline has recently slowed down compared to the first months of the year. Particularly, the eight-month trade with some markets has posted year-on-year increases, signalling the recovery of Vietnam - Latin America trade, he went on. Notably, aside from the biggest Latin American markets like Brazil, Mexico, Argentina and Chile, many others in the region such as Panama, Colombia, and Peru have also recorded impressive growth in trade with … [Read more...] about Latin America among most important markets for Vietnam: official

The headquarters of the International Tribunal for the Law of the Sea in Berlin. (Photo: VNA) Berlin (VNA) – Le Duc Hanh, Director General of the Department of International Law and Treaties at the Ministry of Foreign Affairs , on September 20 stressed that the 1982 United Nations Convention on the Law of the Sea ( UNCLOS 1982) creates a legal framework to regulate all activities at sea, including marine environmental protection. Presenting Vietnam’s views on the request for advisory opinion of the International Tribunal for the Law of the Sea ( ITLOS ) on states' obligations to respond to climate change, Hanh noted that the tribunal has the authority to give advice regarding greenhouse gas emissions that cause marine pollution. Countries have the obligation to take necessary measures towards their state agencies, groups, and businesses in order to minimise and control greenhouse gas emissions, she continued. The official pointed out that resources-limited … [Read more...] about Vietnam emphasises importance of UNCLOS in marine environmental protection

She made the remark in a recent interview granted to the Vietnam News Agency on the occasion of the 50th anniversary of the two countries’ diplomatic ties (September 21, 1973 - 2023). She said that over the last 50 years, the countries have developed relations in all fields thanks to tireless efforts by predecessors. One of the most important milestones of bilateral ties, which are now in their prime, was the elevation of relations to the “extensive strategic partnership” in 2014. Since then, Japan and Vietnam have been building strategic connections in more areas, Kamikawa went on, adding that from focusing only on economic affairs like official development assistance (ODA) provision, bilateral cooperation has been fostered in such fields as security, energy, and human resources development in Vietnam, helping enhance mutual trust between the two countries. The official noted that in this year, which marks the 50th anniversary of their diplomatic ties, the two countries have … [Read more...] about Friendship, mutual trust drive Vietnam – Japan relations: Japanese Foreign Minister

The two sides shared delight at the positive progress in the relations between the two parties and countries over the years, while discussing and agreeing on measures to strengthen the friendship and cooperation between Vietnam and China in all fields, including collaboration between the Vietnam Fatherland Front (VFF) and the CPPCC. Prime Minister Pham Minh Chinh conveyed regards from Vietnamese high-ranking leaders and VFF Central Committee President Do Van Chien to Wang, underlining that Vietnam and China have enjoyed a close neighborliness, and the two parties, countries and peoples have given each other priceless support during the past struggle for national independence and current socialism building cause. Vietnam always attaches great importance to maintaining and developing the comprehensive strategic cooperative partnership with China, taking it as a consistent, strategic and long-term policy as well as the leading priority in the country’s external policy. Prime … [Read more...] about Prime Minister meets leader of Chinese People’s Political Consultative Conference

The event was co-organized by the Vietnam Academy of Social Sciences (VASS), Lao Academy of Social and Economic Sciences (LASES), and Royal Academy of Cambodia (RAC). Addressing the conference, VASS President Dr. Phan Chi Hieu said the promotion of the digital economy is considered one of the key tasks to accelerate the restructuring of an economy, associated with innovation in the growth model and the improvement of growth quality, aiming to help a nation escape the middle-income trap and move towards the goal of becoming a developed industrialized country. The trend comes with opportunities and challenges for nations involved, including Vietnam, Laos, and Cambodia, in their development and expansion of investment and commercial collaboration, he noted. LASES President Dr. Sonethanou Thammavong said the conference boasts an important theme, reflecting the countries’ readiness to build their digital-transformation-oriented socio-economic infrastructure. Laos' digital … [Read more...] about Int’l conference discusses Vietnam – Laos – Cambodia cooperation in digital economy