Vietnam’s coffee exports to S Korea forecast to increase Viet Nam's coffee exports to South Korea are expected to increase as the northern Asian market is forecast to have higher demand for imported coffee. The Ministry of Industry and Trade’s Import and Export Department said that South Korea's coffee imports rose in 2020 and the first months of 2021 due to the strong increase in demand for coffee as people stay at home during the COVID-19 pandemic. According to the Import and Export Department, South Korea's coffee imports from Viet Nam in the first half of this year reached about 19,500 tonnes, worth US$30.82 million, up 12.8 per cent in volume and 5.2 per cent in value year on year. Viet Nam's coffee accounted for 20.56 per cent of South Korea's total coffee imports in the first half of this year, a slight increase from the figure of 20.35 per cent in the first half of 2020. The department said coffee is more popular in offices, restaurants and families in South …
Oil and gas
Foreign Minister Bùi Thanh Sơn meets foreign counterparts in New York
Vietnamese Minister of Foreign Affairs Bùi Thanh Sơn (left) meets with his counterpart from India, Subrahmanyam Jaishankar. — Photo baoquocte.vn NEW YORK — Vietnamese Minister of Foreign Affairs Bùi Thanh Sơn met with his counterparts from Cuba, Thailand, India, Iran, Saudi Arabia, Hungary, and Algeria in New York City on Wednesday. He is accompanying President Nguyễn Xuân Phúc on a trip to attend the 76th Session of the United Nations General Assembly. At the meeting, ministers countries reported on their respective socio-economic situations, before pledging to enhance cooperation in politics, diplomacy, economy, trade, investment, tourism, and the COVID-19 fight, especially regarding vaccine availability. They also affirmed their commitment to coordination and mutual support at important international forums. In particular, the countries said they will advocate Việt Nam’s candidacy for a seat in the UN Human Rights Council for the 2023 - 2025 tenure. Talking to Cuban FM …
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Vietnam, US firm sign US$2.5 billion deal on renewable energy
The deal enables the companies to be in line with Vietnam’s efforts to increase renewable capacity for sustainable development. Hanoi-based T&T Group and Colorado-headquartered UPC Renewables have signed a memorandum of understanding (MoU) on developing renewable energy in Vietnam on the occasion of the ongoing visit to the US paid by Vietnamese President Nguyen Xuan Phuc. Representatives of T&T Group and UPC Renewables at a contract-signing ceremony on Sept 21 (New York time) in the attendance of Vietnamese President Nguyen Xuan Phuc. Photo: Thong Nhat/ VNA The deal enables the two firms to invest approximately US$2.5 billion in solar, onshore, and nearshore wind farms with a total capacity of 1.5 gigawatts (GW) in the provinces of Ninh Thuan, Dak Nong, Ben Tre, and Bac Lieu. UPC-formed companies are now operating wind and solar projects globally with a total capacity of 3.5 GW and an investment of over $5 billion. In the Asia-Pacific region, UPC …
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Vietnam always backs UN’s central role: President
President Nguyen Xuan Phuc (L) and UN Secretary-General Antonio Guterres (Photo: VNA) Hanoi (VNA) - Vietnam values and supports the central role of the United Nations (UN) in the global governance system to respond to today's common challenges and wishes to promote all-round cooperation with the organisation, President Nguyen Xuan Phuc has reaffirmed. President Phuc made the statement during his separate meetings with President of the UN General Assembly Abdulla Shahid and UN Secretary-General Antonio Guterres in New York on September 21. He told the two UN leaders that Vietnam is exerting utmost efforts in the fight against COVID-19, and putting the safety and health of the people first. He asked the UN to continue supporting Vietnam during this difficult time, especially in the vaccination drive. President Nguyen Xuan Phuc (L) and President of the UN General Assembly Abdulla Shahid (Photo: VNA) Phuc highlighted that Vietnam has always made effective …
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Quang Ninh reinforces economic pillars to maintain double-digit growth
Coal is loaded on to a ship for transportation in Quang Ninh province (Photo: VNA) Quang Ninh (VNA) – To achieve a double-digit growth rate and budget revenue of 51 trillion VND (over 2.2 billion USD) this year, the northern province of Quang Ninh is working to sustain the productivity of its economic pillars . Authorities are taking actions to address market-related difficulties and the increase in unsold inventory so as to encourage the coal industry, a major sector in Quang Ninh, to maximise the mining output, thus contributing to the gross regional domestic product (GRDP), the State budget, and social security. The province looks to raise the clean coal output in 2021 by 2.82 million tonnes compared to the target set at the start of the year. It will work to secure 10.2 billion kWh of electricity produced in the fourth quarter and 38.5 billion kWh in the whole year. Local authorities are tackling difficulties and creating optimal conditions for the processing and …
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