Sectors uk economy

Speakers at the Việt Nam–UK Business Forum, which took place in London on Wednesday. — VNA/VNS Photo LONDON — Việt Nam wants to see more investment from the United Kingdom (UK) in hi-tech agriculture, in cultivation, processing, preservation and distribution of farm produce and foods, said Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến. He made the statement at the Việt Nam–UK Business Forum held by the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development, in collaboration of the UK Department of International Trade (DIT) in London on Wednesday. The forum discussed prospects for trade and investment between the two countries’ enterprises in agriculture, education, renewable energy and others. It also provided a platform for Việt Nam to introduce its market potential to British investors and for firms from both sides to share information and seek partnerships to make the most of the UK-Việt Nam Free Trade Agreement (UKVTFA). … [Read more...] about Việt Nam, UK strive to lift trade and investment relations

At the press conference on May 24 to announce GEFE 2022 (Photo: EuroCham) GEFE 2022 aims to help Vietnam fulfill its commitments made at the 26th UN Climate Change Conference of the Parties (COP26) in the UK last year, and its socio-economic development targets set in the national strategy on green growth for 2021-2030. It will bring together experts, scientists, students and governmental representatives from Europe, Vietnam and other Southeast Asian nations. GEFE 2022 will also feature EuroCham Vietnam’s Green Business Awards and annual Gala Dinner. The event will be organized by EuroCham’s Green Growth Sector Committee with the support of the Delegation of the European Union to Vietnam, EuroCham’s nine affiliated European business associations, European embassies and governmental organizations, as well as the Vietnamese government and its ministries. EuroCham Chairman Alain Cany said the event is expected to serve as a platform to enhance cooperation between European and … [Read more...] about Green Economy Forum and Exhibition to be held in HCMC in November

At the press conference on May 24 to announce GEFE 2022 (Photo: EuroCham ) Hanoi (VNA) - The Green Economy Forum and Exhibition (GEFE 2022) is scheduled to take place from November 28-30 in Ho Chi Minh City, with conferences, exhibitions and dialogues, the European Chamber of Commerce in Vietnam (EuroCham) announced on May 24. GEFE 2022 aims to help Vietnam fulfill its commitments made at the 26th UN Climate Change Conference of the Parties ( COP26 ) in the UK last year, and its socio-economic development targets set in the national strategy on green growth for 2021-2030. It will bring together experts, scientists, students and governmental representatives from Europe, Vietnam and other Southeast Asian nations. GEFE 2022 will also feature EuroCham Vietnam’s Green Business Awards and annual Gala Dinner. The event will be organised by EuroCham’s Green Growth Sector Committee with the support of the Delegation of the European Union to Vietnam, EuroCham’s nine … [Read more...] about Green Economy Forum and Exhibition to be held in HCM City in November

In April, Việt Nam's cashew exports reached 49,000 tonnes, earning US$290 million. Photo dangcongsan.vn HÀ NỘI — Enterprises should prioritise investment in developing value-added cashew products to avoid losing its market share instead of only focusing on wholesale, according to experts. Việt Nam's cashew nut is dominant in the EU market, however, it is mainly raw material and there are very few processed products, especially roasted and spiced products according to the taste of EU customers. Meanwhile, products made from cashews, especially spiced cashews, chocolate covered cashews, cashew milk, and cashew yoghurt, are becoming more and more popular for EU consumers because they are healthy alternative foods. “Diversifying cashew products has also pushed the demand for those products up in the EU market. Domestic enterprises need to have market research and investment in the processing stage to maintain their market shares in this market," Vũ Anh Sơn, a representative of the … [Read more...] about Việt Nam should prioritise value added cashew products for EU market

As Việt Nam’s growth momentum faces headwinds, with global recovery slowed by the impacts of the pandemic, inflation pressure and a surge in oil prices, National Assembly Deputy Trần Hoàng Ngân talks to Tuổi Trẻ (Youth) newspaper about the need to have appropriate measures to put inflation under control before it’s too late. You have previously proposed using environmental protection and special consumption taxes to control the increase in gasoline prices, why do you persist with this view? Experiences from economic development in Việt Nam and around the world show that high inflation is very dangerous. Therefore, it is necessary to closely monitor the situation and come up with timely solutions. When high inflation occurs, to control it, banks often raise interest rates, which will turn everything upside down and is a very dangerous move for the economy. Therefore, it is necessary to persist in preventing the problem as soon as symptoms of high inflation show. One of … [Read more...] about Expert gives warnings about high inflation, saying immediate solutions needed

AFD Executive Director Philippe Orliange (left) has recently paid a working visit to Vietnam. (Photo: VNA) Hanoi (VNA) – Responding to climate change, reducing greenhouse gas emissions and adapting to climate change impacts are among priorities of the French Development Agency (AFD)’s cooperation priorities in Vietnam, AFD Executive Director Philippe Orliange has affirmed. Such cooperation priorities completely match commitments made by Vietnamese Prime Minister Pham Minh Chinh at the 26th United Nations Climate Change Conference of the Parties ( COP26 ) in Glasgow, Scotland (the UK), last November, Orliange said in an interview with the press. The AFD Executive Director, who has recently paid a working visit to Vietnam, also lauded the Vietnamese government’s strong commitments at COP26. Under the cooperation strategy, the AFD has promoted in-depth discussions with Vietnam’s government agencies on policies regarding climate change impacts, during which … [Read more...] about Climate change response among AFD’s cooperation priorities in Vietnam

Prime Ministe Pham Minh Chinh addresses the Centre for Strategic and International Studies ( CSIS ) in Washington D.C. (Photo: VNA) Washington D.C. (VNA) – Prime Ministe Pham Minh Chinh has delivered a speech at the Centre for Strategic and International Studies (CSIS) in Washington D.C. during his ongoing working trip to US. The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C

The partnership with the world’s advanced economies will help Vietnam address financial problems to pursue the low-carbon strategy. Vietnam is seeking a partnership with G7 countries including Canada, France, Germany, Italy, Japan, the UK, and the US, in energy transition amid efforts to achieve net-zero transmissions by 2050. The country has requested the United Nations Development Program (UNDP) to support it in establishing an agreement with the organization of the world’s largest so-called “advanced” economies to seek their financial support. Vietnam's Prime Minister Pham Minh Chinh (L) and UNDP Administrator Achim Steiner in New York on May 16. Photos: VGP Prime Minister Pham Minh Chinh expressed his hope at the meeting with UNDP Administrator Achim Steiner in New York on May 16. Vietnam also needs UNDP assistance in building a strategy to mobilize climate finance from development partners for the low-carbon journey from now until 2050, which is … [Read more...] about Vietnam seeks climate finance from G7

Vietnam’s retail and consumer sector might be booming, but analytics companies are quick to note that only a few large-scale consumer corporations are leveraging its potential thanks to their impressive, targeted strategies. Vietnam on track to enter world’s top ten consumer markets After more than two years of stunted growth due to the COVID-19 pandemic, analysts are reporting a bright outlook for the Vietnamese economy. Retail sales growth in Vietnam accelerated from 1.7 percent year on year in the first two months of 2022 to 10.4 percent in March and 12.1 percent in April. The consumer sector accounts for about two-thirds of Vietnam’s GDP, and its recovery plays an important part in the recovery of the economy as a whole. VinaCapital, one of Vietnam’s largest investment and asset management firms, forecast Vietnam’s GDP to increase by 6.5 percent in 2022. Multinational banking and finance institution HSBC sees eye-to-eye with VinaCapital, predicting that the consumer … [Read more...] about Vietnam’s retail and consumer segment: Opportunity for leading market enterprises

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 24. - Deputy Prime Minister Le Minh Khai on May 23 led a Vietnamese delegation to attend the 52nd World Economic Forum (WEF) annual meeting. He proposed the establishment of a food innovation hub for Southeast Asia in Vietnam when addressing the “Averting a Global Food Crisis” session, a panel discussion with World Food Programme Executive Director David Beasley, UAE Climate and Environment Minister Mariam Mohammed Saeed Al Mheiri, Tanzania’s Vice President Philip Isdor Mpango, and CEO of the Swiss agriculture company Syngenta, J Erik Fyrwald. Read full story - The Ministry of Foreign Affairs and the US Embassy on May 24 co-organised a ceremony to inaugurate the US-Vietnam Cooperation Centre at the Diplomatic Academy of Vietnam (DAV)’s campus in Hanoi. The new centre is an outcome of the partnership between the embassy’s Public Affairs Section and the DAV which … [Read more...] about ☕ Afternoon briefing on May 24