Peles goals

Prof. Dr. Andreas Stoffers - Country director, Vietnam The Friedrich Naumann Foundation for Freedom The United Kingdom is an important trading partner of Vietnam. In 2020, trade turnover between the two countries amounted to $6.6 billion. With $5.8 billion in exports, Vietnam’s trade balance was clearly positive, which also underlines the country’s strong interest in reaching an amicable agreement with the UK. In recent years, despite the uncertainties associated with Brexit, the growth of trade relations has been unbroken, averaging 12.1 per cent per annum in 2011-2019. The trade relations between the EU and Vietnam are naturally greater given the fact that the EU is the world’s largest market. In 2019, the EU was the second-most important overseas market for Vietnamese products with a total trade volume of $56.45 billion, of which Vietnam’s exports accounted for two-thirds ($41.55 billion). This is 16 per cent of the country’s total export volume. In 2020, exports to the EU increased to $34.8 billion, and imports to $14.5 billion. Vietnam benefits significantly more from bilateral economic relations than the EU. The continuous surplus Vietnam enjoys in its bilateral trade relations with the EU has been instrumental in offsetting Vietnam’s huge trade deficits with China and South Korea. Vietnam exports mainly electronics, footwear, clothing and textiles, coffee, seafood, and furniture. The most important goods of EU exports to Vietnam are high-tech products including boilers, machinery and mechanical products, electrical machinery and equipment, pharmaceuticals, and a very limited number of motor vehicles. The EVFTA opens many opportunities for producers and traders on both sides, including small- and medium-sized enterprises. The EVFTA is of course one of the most modern and far-reaching agreements of its kind. It plays an important role in promoting trade liberalisation between Vietnam and the EU. Combined with the new Law on Investment which …

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The Hanoitimes - Hanoi identifies the logistics sector essential to meet the demand of nearly 300,000 enterprises in the city and further support the its socio-economic development process. Hanoi plans to have a total of 10 logistics centers, and the city has approved investment plans for six, other three are under research and one is looking for investors, according to Vice Chairman of the Hanoi People’s Committee Nguyen Van Suu. Overview of the dialouge. Photo: Thanh Hai. With nearly 300,000 operational enterprises, logistics services play a key role for Hanoi’s development, stated Mr. Suu at a high-level panel dialogue in the Vietnam Logistics Forum 2020 held on November 26. In Hanoi’s annual investment conferences, the city has always been calling for investments for logistics centers, he added. In addition to the development of inland container depot (ICD), one of Hanoi’s advantages is a network of major rivers, so that the city is planning to build a network of container ports to boost inland waterway transportation, Mr. Suu informed. Minister of Industry and Trade Tran Tuan Anh said the ministry and Hanoi’s authorities would continue to cooperate to realize the goal of turning Hanoi into a logistics hub of not only Vietnam but also the region. As the city is pushing for the development of transport infrastructure, logistics services and innovative startups, Mr. Anh said Hanoi could become an example for other provinces and cities in taking logistics as a driving force for socio-economic development. Overview of the dialouge. Photo: Thanh Hai. Staying central in new regional supply chains To further support the development of logistics companies, Deputy Minister of Finance Vu Thi Mai said customs authorities are applying new technologies to save costs and time for the business community, including the recent deployment of GPS positioning seal system to track all import-export shipments transported …

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The Hanoitimes - Effective implementation of the OCOP program helps localities realize their potential in economic development and promote tourism, said a local official. To date, Hanoi has set up nine showrooms across the city to promote and sell products under the national’s One Commune One Product (OCOP) program, with a view to honoring prominent craft villages’ goods. The showrooms not only help bring high quality products to local customers, but also contribute to economic development in rural areas. Hanoi's leaders visit an OCOP showroom. Photo: Hoang Quyet. Under the instruction of the Hanoi People’s Committee and the Ministry of Industry and Trade, the municipal Department of Industry and Trade has identified multiple locations to set up OCOP showrooms in Hanoi during the 2019 – 2020 period. In October, the Department in collaboration with Gia Lam district People’s Committee launched an OCOP showroom to boost sales of local products and promote tourism at traditional craft villages in Bat Trang commune, Gia Lam district. The showroom is located within an area known as the Quintessence of the Vietnamese craft village of Quang Vinh Pottery Company in Bat Trang commune, which showcases Hanoi’s unique craft products, such as those made from porcelain, pottery, rattan or bamboo. Vice Chairman of Gia Lam district People’s Committee Nguyen Duc Hong said the OCOP program has significantly contributed to the locality’s efforts in building new-style rural areas, in turn raising people’s living standards and ensuring high economic growth of the district. Mr. Hong added the district is home to five craft villages, including the well-known Bat Trang village. In 2019, 19 products from the district were qualified as OCOP products, including pottery and porcelain items, fresh vegetables and processed food. “Effective implementation of the OCOP program helps localities realize their potential in economic development and promote tourism …

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