Deputy Minister of Industry and Trade Hoang Quoc Vuong (third from the left) and European ambassadors visit a booth at the Meeting with Partners from Europe 2019 Priority partner In the 1990s, Vietnam’s trade with Europe was very modest, but since then, economic, trade and investment relations have expanded continuously. Currently, Vietnam has trade relations with more than 40 countries on the continent and trade between Vietnam and Europe has grown at a double-digit rate for years. General Department of Vietnam Customs data show that in 2018, bilateral trade reached US$62.11 billion, including US$44.93 billion worth of Vietnamese exports to Europe, which accounted for 20 percent of Vietnam’s total export value. A surplus of US$27.75 billion in trade with Europe contributed to improving Vietnam’s trade balance. European countries have invested nearly US$50 billion in Vietnam through 3,300 projects covering all sectors of the economy. Deputy Minister of Industry … [Read more...] about Vietnam, Europe tighten trade, economic cooperation
Organization economic cooperation and development
The Hanoitimes - Recently, Kazakhstan has been going through major political changes, on this occasion, Kazakhstan Ambassador to Vietnam Beketzhan Zhumakhanov shared with Hanoitimes his view on the matter and the cooperation prospects with Vietnam in the future. Kazakhstan – Vietnam ties developing in all spheres: Ambassador Cooperation between Hanoi and Kazakhstan capital of Astana promoted Hanoi has vast potential to become a modernized city: Kazakhstan Ambassador Strengthening Vietnam-Kazakhstan bilateral trade relationship Kazakhstan Ambassador to Vietnam Beketzhan Zhumakhanov. Photo courtesy: Kazakhstan embassy in Hanoi. Kazakhstan's President Nursultan Nazarbayev has resigned after three decades in power, while the capital city's name has also been changed from Astana to Nur-Sultan. What is your view of these significant changes, and how do they impact Kazakhstan's diplomatic policies in the future, especially with Vietnam? On March 19, … [Read more...] about Large room remains for Kazakhstan-Vietnam trade and economic cooperation: Amb.
RoK Ambassador to Vietnam Kim Do Hyon How do you assess economic cooperation prospects between the two countries? Many RoK enterprises have invested in Vietnam and achieved success. Effective investment benefits the RoK and helps Vietnam become a global production base. However, to achieve the goal, cooperation with RoK enterprises in support industries must be strengthened, and merger and acquisition (M&A) deals must be completed to enable technology transfer from the RoK to Vietnam, facilitating the development of support industry enterprises in Vietnam. In my opinion, it is very important to contribute to the development of Vietnam’s manufacturing sector and support industries. The RoK government is committed to helping Vietnam in its development process. The implementation of the Korea-Vietnam Free Trade Agreement (KVFTA) has yielded positive effects in economic cooperation. How do you assess the opportunities provided by the agreement? Thanks to the KVFTA, RoK … [Read more...] about Support industries: The flaw and promise in RoK – Vietnam economic cooperation
PM Nguyen Xuan Phuc (second from right) and WEF Founder and Executive Chairman Klaus Schwab witness the signing of an agreement between the Viet Nam and the WEF on building a center for the Fourth Industrial Revolution Both sides also signed a Letter of Intent on developing initiatives for plastic waste treatment. The same day, he had a series of bilateral meetings with the world's leaders and attended a high-level dialogue. Meeting with Dutch Queen Maxima, who is the UN Secretary General’s Special Advocate for Inclusive Finance for Development, PM Phuc affirmed that Viet Nam is focusing on building a national strategy on inclusive finance, which serves as an important foundation for the country to realise the UN’s inclusive finance goals in particular, and socio-economic and sustainable development targets as a whole. He took the occasion to invite the Dutch King and Queen to visit Viet Nam. PM Nguyen Xuan Phuc (L) meets with Chief Executive of … [Read more...] about PM busy on sidelines of World Economic Forum Annual Meeting
Germany supports Hoi An with “Bike City” program developmentBy Ha Linh Foreign tourists cycle while sightseeing in Hoi An City – PHOTO: NHAN TAM DANANG – The German government has sponsored the ancient town of Hoi An in Quang Nam Province with a total investment of 178,000 euros, or VND4.1 billion, to develop bicycle-based traffic and free or low-cost bicycle-sharing projects, which are scheduled for deployment by September 2019, heard attendees at a seminar on the development of bike traffic in Hoi An City. Speaking at the seminar, organized on October 24 by the Hoi An government in collaboration with the German Federal Ministry for Economic Cooperation and Development and Health Bridge Vietnam, Nguyen Van Son, vice chairman of Hoi An City, said the project had resulted from the Global Urban Mobility Challenge Award of the Transformative Urban Mobility Initiative (TUMI), held by the German Federal Ministry for Economic Cooperation and Development … [Read more...] about Germany supports Hoi An with “Bike City” program development