A booth of Vietnam at an expo in Indonesia (Illustrative photo: VNA) Jakarta (VNA) – A seminar was held in Jakarta, Indonesia, on November 14 to connect Vietnamese and Indonesian firms, as well as promote bilateral cooperation in the fields of trade, industry and investment. The event, attracting over 100 businesses from both countries, was jointly organised by the Embassy of Vietnam in Indonesia and the Vietnamese Ministry of Industry and Trade, and the Indonesian Food and Beverage Association (GAPMMI). Addressing the event, Vietnamese Ambassador to Indonesia Pham Vinh Quang underlined that Vietnam and Indonesia have nurtured a long-standing relationship and reaped outstanding results in economic and trade cooperation in recent years. However, he pointed out that the results have yet to match potential of both sides. The diplomat emphasised the role of the business communities of Vietnam and Indonesia in lifting bilateral trade revenue to 10 billion USD in 2020. … [Read more...] about Vietnam, Indonesia bolster cooperation in trade, investment
Korean trade investment promotion agency
New trade, investment chances in Vietnam introduced in Canada
Vietnamese Ambassador to Canada Nguyen Duc Hoa speaks at the seminar in Ottawa on September 11 (Photo: VNA) Ottawa (VNA) – New trade and investment opportunities in Vietnam were introduced to Canadian officials and businesses at a seminar in Ottawa on September 11. The seminar marked the opening of Vietnam Week in Canada from September 11 to 17 to celebrate Vietnam’s 73rd National Day and 45 years of bilateral diplomatic ties. It was attended by Donald Bobiash – Assistant Deputy Minister for Asia Pacific of Global Affairs of Canada, Kathleen Donohue – executive director at the Agriculture and Agri-Food Canada, Ladislau Papara – Regional Manager for Asia at the Export Development Canada and Jacques Frémont – President of the University of Ottawa. The Vietnamese side included Minister of Culture, Sports and Tourism Nguyen Ngoc Thien, Vietnamese Ambassador to Canada Nguyen Duc Hoa and Trade Counsellor Do Thu Huong. At … [Read more...] about New trade, investment chances in Vietnam introduced in Canada
Vietnam, US to augment ties in economy-trade- investment, defense
Talking to Treasury Secretary Steven Mnuchin, Deputy PM and Foreign Minister Minh affirmed that Vietnam has been improving its investment climate, and it encourages US companies to invest and do business in the country. He also proposed that the two sides continue handling issues of shared concern in the spirit of promoting win-win trade. Secretary Mnuchin agreed to keep fostering economic, trade and investment ties, considering these as a foundation for the two countries’ relations. He also appreciated Vietnam’s active sharing of information and settlement of some priority economic-financial issues. At another meeting, the Vietnamese official and Commerce Secretary Wilbur Ross reviewed the progress in bilateral economic-trade links. Deputy Prime Minister and Foreign Minister Pham Binh Minh (R) meets with US Commerce Secretary Wilbur Ross in Washington DC on May 23 To support the upward trend of these partnerships, they agreed to continue optimizing … [Read more...] about Vietnam, US to augment ties in economy-trade- investment, defense
Vietnam to become Korean car part production center
Vietnam will become Korean car part production center While Hyundai is still considering where to set up its automobile factory, Vietnam or Indonesia, Pyeong Hwa Automotive has spent US$16.7 million on the project an area of 7 hectares in DEEP C 2A IZ, belonging to the Dinh Vu – Cat Hai Economic Zone in Hai Phong City. Frank Wouters, CEO of Hai Phong IZ JSC, said there are many reasons for DEEP C to give special support to Pyeong Hwa. This is the biggest client in DEEP C II, and the first client in the automobile industry. The investment by Korean enterprises in Vietnam to make automobiles or car parts is not a surprise. This was affirmed in the diplomatic note from the then Korean Ambassador to Vietnam Lee Hyuk to Vietnamese Minister and Chair of the Government Office Mai Tien Dung in early 2018, which mentioned regulations in Decree 116 which tightens control over imported automobiles. In the note, the ambassador affirmed that the new regulations by the government … [Read more...] about Vietnam to become Korean car part production center
Local food-processing industry ripe for investment
Other News Local food-processing industry ripe for investment The Saigon Times Daily Thursday, Nov 14, 2019,19:56 (GMT+7) Local food-processing industry ripe for investmentThe Saigon Times Daily Employees at the Hanoi-based facility of the wholly Thailand-owned CP Vietnam Livestock JSC produce sausages using European pasteurization technology – PHOTO: VNA HCMC – Vietnam’s food-processing industry has great potential for investment attraction, thanks to its large population, rising average income and consumption trends, according to experts at a conference held in HCMC today, November 14. The conference, which was held by the Vietnam Trade Promotion Agency (Vietrade), under the Ministry of Industry and Trade, and the Foreign Investment Agency, under the Ministry of Planning and Investment, was aimed at stimulating foreign direct investment in the food-processing industry, reported the Vietnam News … [Read more...] about Local food-processing industry ripe for investment
