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Speakers at a conference titled ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA’ held in HCM City on Thursday. — VNS Photo Bo Xuan Hiep Viet Nam has emerged as a major Southeast Asian supplier of farm produce and aquaculture products to the UK following the UK-Vietnam Free Trade Agreement (UKVFTA) they signed, speakers said at a conference on Thursday. Speaking at ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA,’ Oliver Todd, British consul general in HCM City, said Viet Nam could replace other countries such as India and Indonesia as a major supplier of agricultural and aquaculture products to his country. Todd, who is also director of UK Trade and Investment in Viet Nam, said Vietnamese exporters should be well prepared if they want to boost exports to the choosy market. It is important to learn about import demand and standards and requirements for exporting to the British market, he said. Chris Milliken, vice … [Read more...] about Viet Nam becomes major supplier of farm produce to UK

Speakers at a conference titled ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA’ held in HCM City on Thursday. — VNS Photo Bồ Xuân Hiệp HCM CITY — Việt Nam has emerged as a major Southeast Asian supplier of farm produce and aquaculture products to the UK following the UK-Vietnam Free Trade Agreement (UKVFTA) they signed, speakers said at a conference on Thursday. Speaking at ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA,’ Oliver Todd, British consul general in HCM City, said Việt Nam could replace other countries such as India and Indonesia as a major supplier of agricultural and aquaculture products to his country. Todd, who is also director of UK Trade and Investment in Việt Nam, said Vietnamese exporters should be well prepared if they want to boost exports to the choosy market. It is important to learn about import demand and standards and requirements for exporting to the British market, he said. Chris Milliken, … [Read more...] about Việt Nam becomes major supplier of farm produce to UK

Speaking at ‘UK Market: Unlocking great potential by leveraging advantages of the UKVFTA,’ Oliver Todd, British consul general in HCM City, said Vietnam could replace other countries such as India and Indonesia as a major supplier of agricultural and aquaculture products to his country. Todd, who is also director of UK Trade and Investment in Vietnam, said Vietnamese exporters should be well prepared if they want to boost exports to the choosy market. It is important to learn about import demand and standards and requirements for exporting to the British market, he said. Chris Milliken, vice president of the British Chamber of Commerce in Vietnam (BritCham), said there is ample scope to grow bilateral trade thanks to the trade deal. “Vietnam and the UK are not competing against each other in any industry; they commercially complement each other.” He pointed to the FTA as the leading pillar of the joint commitment to deepen bilateral trade, saying it was a mutual agreement to … [Read more...] about Vietnam becomes major supplier of farm produce to UK

The Corio Generation teams up with FECON at the offshore wind power project in Ba Ria-Vung Tau province The partnership demonstrates Corio’s commitment towards renewable energy development in Vietnam, said company representatives at a signing ceremony in Hanoi. The proposed offshore windfarm, located 23-35km from the coast, could be among the first large-scale offshore wind projects to be built in Vietnam, once licences and approvals are obtained. The fixed-bottom project could produce around 1,250GWh of clean electricity and avoid more than 600,000 tonnes of carbon emissions a year, according to an analysis by the Green Investment Group. Guillermo Martinez-Navas, senior director of Corio Generation, giving remarks at the signing ceremony “With its vast wind resources, Vietnam can be a Southeast Asian powerhouse in offshore wind, providing clean, affordable electricity, as well as supporting jobs and economic opportunities for local communities,” said … [Read more...] about Corio partners with Vietnam’s FECON on Vung Tau wind farm

Revenues were VND54.56 trillion, equivalent to over two-thirds of its business plan. The profits and revenues were 59 and 34 percent higher than last year, respectively. GAS management attributed growth to rising oil and LPG prices, and market development and cost-reduction plans. Viet Capital Securities forecast the Brent crude oil price to rise by 20 percent this year to the highest of $85 a barrel. Prices would also rise on the Organization of the Petroleum Exporting Countries’ (OPEC) production cut and lower supply from the U.S. VnDirect Securities expected GAS’ dry gas production to rally on rising demand in the second half of this year. GAS produced over one million tons of liquefied petroleum gas (LPG), accounting for 70 percent of domestic share. Meanwhile, gas condensate production rose by 85 percent year-on-year. … [Read more...] about Petrovietnam Gas nears annual profit target in first six months

Hanoi has 141 models of farm chain, according to the Hanoi Department of Agriculture and Rural Development. Hanoi is extending support to local businesses and cooperatives in putting agricultural products on the e-commerce platforms, as well as boosting trade promotion activities, according to the Hanoi Department of Agriculture and Rural Development. A staff is guiding a Bac Giang's farmer to post lychees on the e-commerce site. Photo: Vietnam Post In Chuong My District, the Thang Long High-tech Agriculture JSC faced difficulties with selling Solanaceae, so it turns to new sales channels such as Facebook and Zalo for better consumption. Phan Trung Kien, Director of the Thang Long High-tech Agriculture JSC said: “Since the company put its products on online sales sites and e-commerce platforms, they are better known and easily approached by a huge number of local consumers.” The company grows solanum Hainanese hance in an area of 20ha, the largest in the … [Read more...] about Hanoi promotes consumption of agricultural products on e-commerce sites

A booth displays traditional products from Can Tho Province in the OCOP Week being held in the GO Trade Centre in Cai Rang District, Can Tho Province. — VNA/VNS Photo Thanh Liem The Department of Industry and Trade of Can Tho City and Central Retail Group Vietnam officially opened OCOP (One Commune-One Product) Week and Vietnamese quintessential products 2022 at the GO Trade Centre on Wednesday in Cai Rang District, Can Tho Province. Accordingly, more than 150 kinds of traditional and typical products will be exhibited in 19 booths from June 22 to 26. The event aims to exchange and assist businesses, co-operatives, craft villages and producers in 13 cities and provinces in the Mekong Delta region to introduce their products and connect with supermarkets and traders nationwide. OCOP is a programme in which each locality organises the production and trading of its local specialities to enhance the consumption of Vietnamese farm produce. — VNS … [Read more...] about More than 150 products on display for OCOP Week

Movitel, the telecommunications network of Viettel in Mozambique. There is significant room for Viet Nam and Mozambique to increase trade and investment cooperation. — Photo vneconomy.vn Mozambique could act as a gateway for Vietnamese businesses to penetrate member countries of the Southern African Development Community (SADC), President of the Mozambican Assembly Esperanca Laurinda Francisco Nhiuane Bias said at a meeting with representatives of the Vietnamese business community in Ha Noi on Tuesday. Held by the Viet Nam Chamber of Commerce and Industry (VCCI) and the Mozambique Embassy in Viet Nam, as part of the President of the Assembly's visit to Viet Nam, she called on Vietnamese enterprises to invest in tourism, mining, energy and agriculture, in which Mozambique has potential. She stressed the African nation had established a portal providing information for both private and state-owned firms to support investors. She suggested that Vietnamese and Mozambican … [Read more...] about Mozambique could be gateway for Vietnamese firms to access southern Africa

Rising prices of strategic goods, including petrol, fertilizers, and farm produce are putting pressure on the Government’s efforts in market price management. The Ministry of Industry and Trade (MoIT) is responsible for maintaining adequate supplies of petrol  and avoiding disruption risks. Overview of the meeting. Source: VGP The Government Office released the conclusion of Deputy Prime Minister Le Minh Khai at a meeting of the Price Management Committee last week. According to Khai, Vietnam is facing high inflationary pressure amid rising prices of strategic commodities such as petrol, fertilizers, and transportation costs. In this context, recent price hikes of petrol products since early 2022 have resulted in the price of RON 95-IIII hitting a record high of nearly VND33,000 (US$1.42) per liter, leading to the uptick of  prices of other products and services. Khai, therefore, called for the MoIT to stay active in the management of petrol supplies … [Read more...] about Vietnam Deputy PM expects no disruption to petrol supplies

Speaking at “U.K. Market: Unlocking great potential by leveraging advantages of the UKVFTA,” Oliver Todd, British consul general in HCM City, said Vietnam can replace other countries such as India and Indonesia as a major supplier of agricultural and aquaculture products to his country. Todd, who is also director of the U.K. Trade and Investment in Vietnam, said Vietnamese exporters should be well prepared if they want to boost exports to the choosy market. It is important to learn about import demand and standards and requirements for exporting to the British market, he said. Chris Milliken, vice president of the British Chamber of Commerce in Vietnam (BritCham), said there is ample scope to grow bilateral trade thanks to the trade deal. “Vietnam and the U.K. are not competing against each other in any industry; they commercially complement each other.” He pointed to the FTA as the leading pillar of the joint commitment to deepen bilateral trade, saying it was a mutual … [Read more...] about Vietnam emerges as major agricultural supplier to U.K. following UKVFTA