Invest and trade

Representatives of the three provinces sign agreement at the conference The conference was organized to further promote cooperation in investment, trade, tourism, labor and communication among the three provinces in the new situation. At the same time, it also tightened the friendship and cooperation for mutual development between the three provinces in particular and the three countries in general; thereby, contributing to promoting the development of the East-West Economic Corridor and building a stronger and stronger ASEAN community. At the conference, the parties signed the Memorandum of Understanding on cooperation between the three provinces between 2022 through 2023 in all fields of trade, investment, tourism, labor and communication particularly focusing on strengthening the implementation of the agreement. At the same time businesses and investors in their provinces are encouraged to connect for finding investment opportunities and implementing development programs and … [Read more...] about Conference on trade, investment, tourism cooperation between VN, Lao, Thailand

Trade promotion plays a key role for the dairy sector How has the dairy sector recovered from the pandemic? Despite the prolonged pandemic, the domestic dairy market still reached VND113.7 trillion in revenues in 2020 and VND119.3 trillion in 2021. The country produced about 1.77 billion liters of fresh milk in 2021, up 4.5 percent compared to 2020, while powdered milk volume saw positive growth of 13.1 percent year-on-year to 151,500 tonnes. Vietnamese dairy businesses have strengthened trade promotion activities and sought export markets. Currently, Vietnamese dairy products are available in 50 countries and territories. In 2021, the sector had a turnover of nearly US$300 million. Milk is a special product and export markets always put quality at the top. Therefore, Vietnam’s milk and dairy product exports to foreign markets are considered a great success. Tran Van Trung, chairman of the Vietnam Dairy Association What are the opportunities for the dairy … [Read more...] about Dairy sector milks trade agreements for greater opportunities

UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023

Deputy Prime Minister Pham Binh Minh (R) receives Chairman of Daewoo E&C Group Jung Won-ju (Photo: VNA) Hanoi (VNA) - The Vietnamese Government is willing to create favourable conditions for foreign enterprises, including those from the Republic of Korea (RoK), to expand investment and business in Vietnam, Deputy Prime Minister Pham Binh Minh told Chairman of Daewoo E&C Group Jung Won-ju. During a reception for Jung on June 22, the Vietnamese leader expressed his belief that the two countries' relations will continue to develop more intensively and substantively in various fields, especially trade and investment. Deputy PM Minh highly valued investment of RoK enterprises in Vietnam, including Daewoo E&C Group. He said that Starlake Tay Ho and Meyhomes Capital Phu Quoc projects invested by the firm have contributed to creating a spacious and modern urban landscape, and improving the value of the Vietnamese people's lives. He expected Daewoo E&C Group to … [Read more...] about Vietnam welcomes RoK firms’ investment expansion: Deputy PM

Viet Nam's consulate-general in Australia Nguyen Dang Thang speaks with participants at the event. — VNA/VNS Photo Nguyen Minh More than a hundred businesses from Viet Nam and Australia gathered for a trade and investment promotion event organised by the Australia Vietnam Business Council (AVBC) in Sydney, Australia. Speaking at the event, AVBC President Kiem Dinh said the Australia-Vietnam Enhanced Economic Engagement Strategy, signed in December last year, reaffirmed the two countries' commitment to strengthening ties and sustainable economic development. Viet Nam's consulate-general in Australia Nguyen Dang Thang said Viet Nam-Australia relations have been built on a foundation of mutual respect and understanding, common interests and similar views on international events. The two countries have been and will stay committed to an open trading system and have ratified a number of regional and international trade agreements including the Comprehensive and Progressive … [Read more...] about VN-Australia to further boost trade and investment ties

AVBC President Kiem Dinh speaks at the a conference in Sydney on June 23. (Photo: VNA) Sydney – The Australia-Vietnam Business Council (AVBC) held a conference in Sydney on June 23 to promote trade and investment partnerships through the strengthening of the Australia-Vietnam Enhanced Economic Engagement Strategy that was reached between the two countries in late 2021. Addressing the event, which drew nearly 100 businesses from a variety of sectors, AVBC President Kiem Dinh said that the conference marked a commitment from Vietnam and Australia to promote their partnership in many areas, heading to sustainable and inclusive economic growth in both countries. He said that in 2022, the AVBC and its members are focusing on implementing activities as part of the strategy. For his part, Vietnamese Consul General in Sydney covering New South Wales, Queensland and South Australia Nguyen Dang Thang affirmed that Vietnam-Australia relations are growing based on the foundation of … [Read more...] about Vietnam, Australia promote trade, investment partnership

Prime Minister Phạm Minh Chính speaks at the Đà Nẵng investment Forum. The event offers more investment opportunities for domestic and foreign investors. Photo courtesy of Đà Nẵng Investment Forum ĐÀ NẴNG — The Government of Việt Nam will keep reforming policies in administrative procedure, legal environment, more transparency and publicity in creating trust and confidence among domestic and foreign businesses investing in Việt Nam and Đà Nẵng. Prime Minister Phạm Minh Chính made the comments at the Invest Đà Nẵng Forum in the central city on Saturday, urging businesses to invest more in Việt Nam and Đà Nẵng for both the benefit of business and the country’s prosperous development. “The Government of Việt Nam is developing a wide-open economy to attract multi-sector businesses and investors for sustainable growth in climate change and global crisis and conflicts. We must strongly change institutions to be cooperative in dealing with market shocks,” PM Chính said. “We do … [Read more...] about Đà Nẵng City calls for investment

Vietjet and Da Nang exchange their MoU and annouce the opening of the seven new international routes under the witness of Prime Minister Pham Minh Chinh (holding the microphone)(Photo: Vietjetair.com) Hanoi (VNA) – The new-age carrier Vietjet has officially announced its seven new routes connecting the central coastal city of Da Nang with Singapore, the Republic of Korea (RoK), and India at the recent Da Nang Investment Forum 2022. As the first step in the airline's cooperation commitments with the city, the routes will link the Da Nang with Singapore, Busan of the RoK, and five cities of Indian - New Delhi, Mumbai, Hyderabad, Ahmedabad and Bangalore. They will operate from July, with four to seven return flights per week, meeting the demand for tourism, trade, investment, and visiting relatives. Vietjet Vice President Nguyen Thanh Son said: "Da Nang is one of the most attractive destinations for international tourists in Vietnam. Vietjet has transported … [Read more...] about Vietjet launches 7 new international routes at Da Nang Investment Forum 2022

Peeyush Sharma, CEO of Coca-Cola Beverage Vietnam Co., Ltd. and Tran Duy Dong, deputy minister of Planning and Investment The statement was made by Peeyush Sharma, CEO of Coca-Cola Beverage Vietnam Co., Ltd. at the Danang Investment Forum 2022 held by the Danang Party Committee and the municipal People's Committee. At the forum, the leader of Coca-Cola had a chance to share the company’s vision with Prime Minister Pham Minh Chinh, the leaders of Danang, and the Ministry of Planning and Investment. As a foreign investment enterprise (FIE) based in Danang for over 20 years, Coca-Cola Vietnam has always accompanied the local authorities and people in socioeconomic and environmental protection activities. It highly appreciates the favourable investment climate and attractive incentives offered by the government as well as the local leaders. The company is committed to supporting the deepening of bilateral ties between Vietnam and the US. This will help leverage Vietnam in general, … [Read more...] about Coca-Cola Vietnam’s leader is committed to a long-term investment in Danang

Vietjet and Da Nang city signed a 5-year strategic cooperation memorandum to develop tourism and aviation and announced the opening of seven new international routes connecting the city and other countries. — Photo courtesy of Vietjet Vietjet and the People’s Committee of Da Nang City have signed a Memorandum of Understanding for five-year strategic cooperation to support the development and contribute to the socio-economic development of Viet Nam and Da Nang. The MoU was inked last week at the Da Nang Investment Forum 2022 under the presence of Prime Minister Pham Minh Chinh. From now until 2027, Vietjet will coordinate to promote the image of Da Nang to domestic and international tourists and promote trade, tourism, and investment in the city. Vietjet will also paint the tourism brand of Da Nang on the aircraft to bring the image of the city to all countries and destinations the airline has flown to while teaming up with Da Nang in stimulus events and investment … [Read more...] about Vietjet announces new int’l routes at Da Nang Investment Forum 2022