Partnership agreement on business

US Ambassador to Vietnam Marc E. Knapper (Photo: VNA) Hanoi (VNS/VNA) - On the back of the newly-signed Comprehensive Strategic Partnership between Vietnam and the US, American exporters are setting their sights on delivering a wider range of agricultural products to Vietnamese consumers. US Ambassador to Vietnam Marc Knapper said bilateral trade was growing steadily over the past decade, reaching 130 billion USD in 2022, of which 10 billion USD went to agriculture. Following the elevation of the relationship to a Comprehensive Strategic Partnership, there's no doubt that bilateral trade, particularly in the agricultural sector, would continue to thrive. In other words, a wider range of American agricultural products would make their way into Vietnam in the short term and so would Vietnamese products into the US. Francis Lee, a representative of the Washington Apple Commission, said American apples were in high demand in Vietnam with about 2 million baskets being … [Read more...] about Vietnam-US Comprehensive Strategic Partnership heralds new waves of trade

The two-day event features a premium networking event as well as bringing together leaders from Cambodia, Laos, Thailand, and Vietnam to promote economic integration within the region and the rest of the world. Martin Brisson, Executive Director of EuroCham Cambodia, said that the purpose of the event was to promote Cambodia as an alternative investment destination to European companies. At the summit, EuroCham Cambodia will release its 2024 White Book, a comprehensive list of policy recommendations covering 12 sectors, as well as its 2023 Business Confidence Survey, a detailed survey among business leaders in Cambodia. EuroCham Chairman Tassilo Brinzer presented the White Book to Cambodian Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth. After diving into the White Book, keynote addresses were given on Cambodia’s investment goals and strategy and EU updates on trade and investment policy with Cambodia. Cambodian Minister of Commerce Cham Nimul also … [Read more...] about ASEAN-Cambodia Business Summit held in Phnom Penh

Vietnam's agro-forestry-fishery exports generated $38.48 billion revenue in January-September, down 5.1 percent year on year, according to the Ministry of Agriculture and Rural Development. Agricultural exports accounted for over half of the total, at $19.54 billion, up 17 percent year on year. Key export earners were vegetables and fruits ($4.2 billion), rice ($3.66 billion), cashew nuts ($2.61 billion), and coffee ($3.16 billion). The average rice export price reached $553 per metric ton during the nine-month period, rising 14 percent. The price of coffee exports also picked up 10 percent to hit nearly $2,500 per metric ton. Asia was the major importer of Vietnam’s agro-forestry-fishery exports with $18.71 billion worth of products in January-September. It was followed by America with $8.73 billion and Europe with $4.17 billion. China, the U.S., and Japan remained the top three import markets of Vietnam’s agro-forestry-fishery products with exports to China accounting for … [Read more...] about Vietnam fetches over $38bn in agro-forestry-fishery exports in Jan-Sep

At the meeting between Dinh Tien Dung , Politburo member and Secretary of the Hanoi Party Committee and Wang Huning , a member of the Politburo Standing Committee and Chairman of the National Committee of the Chinese People’s Political Consultative Conference ( CPPCC ) in Beijing on September 28. (Photo: VNA) Beijing (VNA) – Dinh Tien Dung, Politburo member and Secretary of the Hanoi Party Committee paid a courtesy call to Wang Huning, a member of the Politburo Standing Committee and Chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), in Beijing on September 28. Dung informed his host on the aims of his delegation’s visit to China, which are to further concretise and implement the shared understanding between the top leaders of the two countries and parties reached during General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong’s official trip to China last year, and to carry out the cooperation … [Read more...] about Hanoi leader meets with China’s top political advisor

Delegates at the ceremony marking the 33rd anniversary of German Unity Day (Photo: VNA) HCM City (VNA) – The Ho Chi Minh City Union of Friendship Organisations (HUFO) held a ceremony on September 29 to mark the 33rd anniversary of German Unity Day , showing the solidarity and friendship between the people of the city and Germany. Addressing the event, President of the Vietnam-Germany Friendship Association of HCM City Nguyen Anh Tuan extended greetings to the German people and expressed delight at the growth of the Vietnam-Germany strategic partnership in all fields from politics, diplomacy to economy, trade, science-technology, justice, education and culture. Tuan highlighted the association’s efforts to contribute to the promotion of friendship between the two countries, and pledged that it will continue to work to connect the Vietnamese and German people and bolster the strategic partnership between the two countries. For her part, German Consul General in HCM City … [Read more...] about German Unity Day marked in HCM City

Vietnam-China relations have made substantial progress over the past decade, with numerous positive outcomes that benefit both countries and contribute to regional and global peace, stability, and development. Hanoi supports comprehensive relations with Beijing and Guangdong, especially in fields of trade–investment, healthcare, science and technology, and urban development. Secretary of the Hanoi Party Committee Dinh Tien Dung (l) and Chairman of the Chinese People’s Political Consultative Conference Wang Huning (r). Photos: The Hanoi Times Secretary of the Hanoi Party Committee Dinh Tien Dung stressed the view during a meeting with the Chairman of the Chinese People’s Political Consultative Conference Wang Huning on September 28. At the meeting, Dung expressed his delight at visiting China and Beijing again , where he witnessed significant progress and accomplishments made by the Chinese people. He extended warm congratulations to the Chairman of the … [Read more...] about Hanoi supports comprehensive relations with Beijing, Guangdong

Both expressed their delight at the success of President Joe Biden's Vietnam visit, affirming that it has contributed to raising mutual understanding between the two countries, for the benefit of their people and for peace, stability and development in the region and the world. PM Pham Minh Chinh thanked and highly valued Kerry’s support in the successful arrangement of the visit and in the establishment of bilateral comprehensive strategic partnership. Discussing measures to quickly realize the important agreements reached during the visit, particularly those related to climate change response, he proposed that the U.S. continue backing Vietnam's efforts to achieve net zero emissions by 2050 and implement the Just Energy Transition Partnership (JETP), especially in developing the renewable energy industry. Kerry said President Biden is deeply impressed and highly valued Vietnam's warm reception during his recent visit. He affirmed that the U.S. appreciates its relationship with … [Read more...] about PM hosts U.S. Special Presidential Envoy for Climate

Photo Le Toan Just a week after Vietnam and the US elevated their bilateral relations to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh paid a working trip to the US to attend the 78th session of the UN General Assembly where he underlined Vietnam’s contributions and commitments to the UN’s activities, and met with UN Secretary-General António Guterres. In the US, he also met with US Vice President Kamala Harris, leaders of the US Congress, the national security advisor, and several members of the US cabinet. He also visited the New York Stock Exchange where he knocked the gavel to open a trading session. He underlined the need for both nations to focus on materialising the new cooperation framework into specific strategies, projects, and business cooperation. Noting priorities to be implemented, the PM said both nations must continue to prioritise resources for realising commitments in the joint leaders’ statement on elevating US-Vietnam relations. … [Read more...] about More consideration lent to US investment

The two sides expressed their pleasure at growth in trade, with two-way trade value reaching nearly 6.8 billion USD in 2022 and nearly 3.3 billion USD in the first half of this year, affirming Brazil’s position as Vietnam’s leading and most promising partner in Latin America. The two sides agreed to raise two-way trade to 10 billion USD by 2025 and 15 billion USD by 2030. They also consented to continue promoting the beginning of negotiations over a free trade agreement between Vietnam and the Southern Common Market ( MERCOSUR ), to strengthen business, trade, and investment cooperation between Vietnam and MERCOSUR member countries. Prime Minister Chinh proposed that Brazil create the necessary conditions to increase the importation of Vietnamese products, to contribute to ensuring balanced trade between the two countries, and to soon complete the process of Brazil recognizing Vietnam’s market economy status. The two sides also agreed to promote the signing of an agreement … [Read more...] about Prime Minister holds talks with Brazilian President

Vietnamese labourers wait for boarding procedures at the airport. (Photo: VNA) Hanoi (VNA) – Vietnam is speeding up negotiations with Hungary in a bid to sign an agreement on sending and receiving Vietnamese labourers in the European country – an emerging market drawing great interest from labourers. Statistics from the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs, Vietnam has sent workers to Hungary since 2018. So far, more than 2,700 Vietnamese labourers have been dispatched to the market, with the number of workers increasing year on year, reaching 1,148 in the first nine months of 2023. The department has licenced 25 businesses to recruit and send Vietnamese labourers to Hungary. Vietnamese labourers have engaged in many sectors in Hungary, including construction, manufacturing-processing, wood processing, agriculture and hotel and restaurant services. They have enjoyed good salaries and social welfare in the country. … [Read more...] about Vietnam looks to increase labour exports to Hungary