Netherlands

Government vows to stamp out unregulated fishing, illustration photo The European Commission (EC) has scheduled an online meeting for October 27 to discuss the removal of a so-called “yellow card” for Vietnam, stated Nguyen Quang Hung, deputy director of the Directorate of Fisheries on October 5. Hung said that the leaders of the 28 coastal provinces have committed to the prime minister to stop fishing vessels from violating foreign waters. Four years have passed since the EC imposed the yellow card on Vietnamese seafood, and warned it would ban its seafood imports entirely if the country fails to counter illegal, unreported, and unregulated (IUU) fishing practices. “Stop these violations by the end of this year,” said Prime Minister Pham Minh Chinh, setting a deadline for localities. Vietnamese seafood could otherwise suffer from a red card from Europe if the sector does not improve on such practices, the PM warned. With the uncertainty, An Giang Seafood Import-Export JSC …

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European investors have diversified investments in Vietnam to new fields, including telecommunications, finance, office leasing, retail, hi-tech farming, and pharmacy. Foreign direct investment (FDI) inflows to high-quality projects are set to keep increasing to Vietnam in the mid-and long-term thanks to the   EU-Vietnam Free Trade Agreement (EVFTA). Seafood processing at Godaco Company in Tien Giang Province. Photo: Viet Hung The assessment was given in a Government report on the trade and investment relations with the EU one year after the EVFTA kicked off. As of September 2021, the EU has a total of 2,242 ongoing projects in Vietnam with registered capital of $22.24 billion, up 164 projects, and $483 million in the capital against the same period of last year. Such figures accounted for 5.58% of total investment capital and 6.57% of foreign-invested projects in Vietnam, noted the report, adding a number of successful European corporations in Vietnam …

[Read more...] about EVFTA to further increase FDI to Vietnam in mid-and long-term

The Vietnamese government is doing its utmost to prevent illegal, unreported, and unregulated fishing practices, helped along by moves in Europe to remove warnings on the country’s activities. Government vows to stamp out unregulated fishing. - Illustration photo The European Commission (EC) has scheduled an online meeting for October 27 to discuss the removal of a so-called “yellow card” for Vietnam, stated Nguyen Quang Hung, deputy director of the Directorate of Fisheries on October 5. Hung said that the leaders of the 28 coastal provinces have committed to the prime minister to stop fishing vessels from violating foreign waters. Four years have passed since the EC imposed the yellow card on Vietnamese seafood, and warned it would ban its seafood imports entirely if the country fails to counter illegal, unreported, and unregulated (IUU) fishing practices. “Stop these violations by the end of this year,” said Prime Minister Pham Minh Chinh, setting a deadline for …

[Read more...] about Vietnam vows to stamp out unregulated fishing

Vietnamese lychees on the shelves of Singaporean supermarkets Combining online, traditional methods The year 2021 is considered an important milestone for Vietnamese fruits with lychees and longan exported for the first time directly to Western European countries, such as the Netherlands, Belgium, France, Germany and the UK. In particular, 15 tonnes of frozen durians from the Uu Dam Import-Export Company Limited exported to Australia were sold out in just two days. The positive results were attributed to the efforts of units, including Vietnamese trade offices abroad. Vietnamese Trade Counselor in Belgium and the EU Tran Ngoc Quan said the Ministry of Industry and Trade has directed Vietnamese trade offices abroad to focus on finding output for agricultural products. Therefore, they have strengthened advertisement and introduction of Vietnamese agricultural products in supermarket systems, distribution channels and wholesale markets. In addition, they have organized online …

[Read more...] about Digitalization enhances Vietnam’s trade promotion

A dried up canal in Gò Cấp Township, the Mekong Delta Province of Tiền Giang, after a historic episode of drought and salt intrusion hitting the southern region in March. VNA/VNS Photo Vũ Sinh Ahead of the upcoming 2021 United Nations Climate Change Conference slated for October 31 – November 12, 2021, the Ambassadors of the European Union Member States in Việt Nam penned a joint Op-Ed calling on partners, including Việt Nam, to strengthen climate plans, and reiterated their commitment to help achieve set targets. 'The evidence is clear. In August, the world’s scientists concluded once again that immediate action is needed. Climate change is uncomfortably close to all our daily realities no matter where in the world we live. Already it is triggering the kind of climate disasters we saw recently in every part of the planet, putting the survival of many species at risk and soon rendering certain parts of the Earth uninhabitable to humans. As climate scientist Prof. Kimberly …

[Read more...] about COP26 has to be the turning point — from climate negotiations to climate solutions

The Government has reported to the National Assembly about the implementation of EVFTA (EU-Vietnam FTA) over the last year. The report shows that after one year of implementing EVFTA, trade exchange and investment between Vietnam and the EU have obtained encouraging results despite difficulties caused by Covid-19. Vietnam-EU total import and export turnover reached $54.6 billion, an increase of 11.9 percent over the same period last year. Of this, Vietnam’s export turnover to the EU was $38.5 billion, up by 11.3 percent, while its import turnover from the EU was $16.2 billion, up by 12.4 percent. In the first seven months of 2021, the import and export turnover between Vietnam and the EU was $32.4 billion, an increase of 18 percent compared with the same period last year. If considering export turnover alone, the figure was $22.81 billion, an increase of 17 percent. As of September 2021, the EU had 2,242 valid investment projects in Vietnam, an increase of 164 projects …

[Read more...] about One-year EVFTA: major European investors pour billions of dollars into Vietnam

The government reported substantial growth in bilateral trade with the EU A recent government report sent to the National Assembly highlighted that trade turnover and foreign direct investment (FDI) from European Union (EU) countries have soared since the EU-Vietnam Free Trade Agreement (EVFTA) came into effect on August 1, 2020. Accordingly, as of the end of September, there were 2,242 projects from all but one EU countries in Vietnam, an increase of 164 projects on-year. Total registered capital was $22.24 billion, a rise of $483 million on-year. The Netherlands ranked first with 382 projects and a total investment of $10.4 billion (accounting for 46.5 per cent of total EU investment in Vietnam). France ranked second with $3.62 billion, followed by Germany ($2.25 billion). Some big EU corporations highlighted by the report for their success are Shell Group (Netherlands), Total Elf Fina (France and Belgium), Daimler Chrysler (Germany), as well as Siemens and Alcatel Comvik …

[Read more...] about EU-Vietnam bilateral rises $480 million in first year of EVFTA

An orange plantation area for export in Dong Thap  Province in the Mekong Delta Statistically, Vietnamese fruits have been so far exported to 60 countries and territories around the world. Currently, about 1,749 fresh fruit growing areas in the country have been granted export codes and 1,200 codes have been granted to establishments packing fresh fruit for export. Presently, fresh fruit traded globally is worth about US$240 billion yearly while the value of processed fruit products is about $270 billion a year. Therefore, it can be said that there remains huge room for Vietnam's fruit industry to develop, especially when Vietnam has joined many free trade agreements (FTAs). Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association (Vinafruit), said that in 2021, Vietnam has been making good use of advantages of the international economic integration process with the EU through the European Union Vietnam Free Trade Agreement (EVFTA), the United Kingdom …

[Read more...] about Vietnam ought to improve fruit quality for exports