Smart trade energy

At the working session (Photo: VNA) Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien held a working session with US Secretary of Commerce Gina Raimondo in New York recently, on the occasion of a working trip to attend the 78th session of the United Nations General Assembly and bilateral activities. Both sides underscored the need for broader and deeper cooperation between the management agencies of both countries, and between the Vietnamese Ministry of Industry and Trade (MoIT) and the US Department of Commerce (DOC) in particular, in order to actualise the vision of the two countries' leaders and to set development goals that match the bilateral comprehensive strategic partnership. Reiterating the importance of the recognition of Vietnam's market economy status, Dien suggested the DOC make drastic directions to expedite and complete the Changed Circumstances Review (CCR) process this year, in line with the spirit of the Joint Statement on September 11 and … [Read more...] about Industry-trade minister holds working session with US Secretary of Commerce

Climate response is included in the two countries’ joint statement on the Comprehensive Strategic Partnership, which would govern multisectoral cooperation in the future. Specific measures to concretize climate change response targets set out in the Vietnamese and US Leaders’ Joint Statement on upgrading the relations to a Comprehensive Strategic Partnership would be effectively taken. Vietnam’s Prime Minister Pham Minh Chinh and US Special Presidential Envoy for Climate John Kerry in New York on Sept 21 local time. Photo: Nhat Bac/VGP Vietnam’s Prime Minister Pham Minh Chinh said at the meeting with US Special Presidential Envoy for Climate John Kerry in New York during his week-long trip for the 78th Session of the United Nations General Assembly and bilateral ties. Chinh discussed with Special Envoy John Kerry how to swiftly put major agreements reached during the visit into action, particularly combating climate change. He recommended that the US … [Read more...] about Vietnam expects US support for renewable energy hub

A conference for experts from Germany and Vietnam to analyze and discuss the potential of Vietnam’s just energy for local economic and labor growth took place in Hanoi on Wednesday. The “Just Energy Transition = Job Accelerator for Vietnam? German-Vietnamese perspectives on employment and skills needs,” hosted by the German Embassy in Hanoi on Wednesday, attracted nearly 200 delegates and 300 private attendees, according to press release issued by the embassy. “Just energy transition” typically refers to financing mechanisms that allow developed countries to fund clean energy initiatives in fossil fuel-dependent developing countries. Many of those in attendance represented Vietnamese governmental agencies, such as the National Assembly; the Ministry of Labor, Invalids and Social Affairs; the Ministry of Industry and Trade; the Electricity of Vietnam (EVN); the Vietnam Chamber of Commerce and Industry; and the Vietnam Academy of Social Sciences. Representatives from … [Read more...] about “Just energy transition partnerships” to help foster Vietnam’s economy, labor market: workshop

Participants at the conference (Photo: VNA) Bangkok (VNA) - A conference to promote trade exchange s between businesses in the north-central region of Vietnam and those in Khon Kaen and Ubon Ratchathani provinces in the northeastern region of Thailand was held in Thailand on September 18-20. As part of the national programme on trade promotion , the event was jointly organised by the Vietnamese Consulate General in Khon Kaen, the Investment, Trade and Tourism Promotion Centre of the central province of Quang Tri, and the authorities of Khon Kaen and Ubon Ratchathani provinces. Vietnam ese Consul General Chu Duc Dung stressed that there remains great potential for Vietnamese goods to penetrate the Thai market because this country is home to a large community of overseas Vietnamese, with many of whom own supermarkets, distribution and supply stores. He affirmed that the Consulate General is always ready to accompany Vietnamese and Thai businesses in promoting … [Read more...] about Vietnamese firms seek to boost trade ties with businesses in Thailand’s northeastern region

Speaking with business executives during his official visit to the South American country Sunday, he said the trust and partnership between the two countries have been growing for almost 35 years since they established diplomatic relations and especially since 2007 when they formed a Comprehensive Partnership. They are now each other’s biggest trade partners in their respective regions, with bilateral trade being worth $6.78 billion last year. Though the figure has tripled in the last decade, Chinh said there is still much room to grow. Brazilian business representatives meet with Vietnam Prime Minister Pham Minh Chinh in Brazil on Sep. 24, 2023. Photo by Nhat Bac Businesses in both countries possibly lack information about the other and geographical distance is also an obstacle, but Vietnam could import cotton, soybean and corn from Brazil, and Brazil could buy footwear, garment, agriculture produce, and electronics from Vietnam, he said. "Brazilian businesses … [Read more...] about Vietnam seeks to enhance trade with Brazil

Vietnam and Bangladesah have ample room for achieving stronger growth in their bilateral trade cooperation, as the two countries share many things in common, including being emerging economies with stable development, having large populations, markets, and sufficient human resources. In addition, a huge number of young people in the two countries are able to quickly embrace advanced technology and innovation trends, said Pham Viet Chien, Vietnamese Ambassador to Bangladesh, the Vietnam News Agency reported. The two countries need to effectively implement bilateral agreements and cooperation mechanisms in multiple fields, especially the Joint Committee on economic, culture, science and technology cooperation. Both sides should continue to study and develop new cooperation mechanisms on par with each nation’s need for further growth, he said. The two Asian nations also share many others in common, in terms of their foreign policies about global and regional issues. They … [Read more...] about Much room for growth in Vietnam – Bangladesh trade ties: Vietnamese ambassador

VASS President Dr. Phan Chi Hieu stressed that the building of smart urban areas is expected to bolster innovation and start-up, create jobs for young people, narrow income gap and promote digital economy. Besides, smart urban areas also aims to fully tap green energy sources, applies science to optimize resources while stepping up sustainable production and consumption. At COP26, Vietnamese Prime Minister Pham Minh Chinh pledged to achieve net zero greenhouse gas emissions by 2050, he said, adding that the government, ministries, sectors and localities have carried out action programs on green energy transition, carbon emission reduction and green growth. LASES President Dr. Sonethanou Thammavong shared that Laos has many projects on developing smart cities, digital transition and sustainable green growth to cope with climate change. Smart urban development needs to focus on human, particularly improving the life quality of people, he stressed. Meanwhile, RAC President … [Read more...] about Seminar shares international experiences in building smart cities

Both sides underscored the need for broader and deeper cooperation between the management agencies of both countries, and between the Vietnamese Ministry of Industry and Trade (MoIT) and the U.S. Department of Commerce (DOC) in particular, in order to actualize the vision of the two countries' leaders and to set development goals that match the bilateral comprehensive strategic partnership. Reiterating the importance of the recognition of Vietnam's market economy status, Dien suggested the DOC make drastic directions to expedite and complete the Changed Circumstances Review (CCR) process this year, in line with the spirit of the Joint Statement on September 11 and the Action Plan agreed by the two countries’ leaders. The MoIT, in its role as the Chair of the Vietnam Sub-Committee on Trade and Investment of the Vietnam - U.S. Trade and Investment Framework Agreement (TIFA) Council, pledges to continue actively working with relevant U.S. regulatory agencies to fully address the … [Read more...] about Industry-trade minister holds working session with U.S. Secretary of Commerce

Prime Minister Phạm Minh Chính meets business representatives in Brazil. — VNA/VNS Photo Dương Giang Prime Minister Phạm Minh Chính on Sunday (local time) asked Vietnamese and Brazilian businesses to concretise cooperation mechanisms with specific programmes and projects, with an aim to bring two-way trade turnover to US$10 billion by 2025, and $15-20 billion by 2030 in a more balanced direction. PM Chính, who is in an official visit to the South American country, stressed that after nearly 35 years of the establishment of diplomatic ties, the bilateral relations have developed positively in all fields. Việt Nam and Brazil are currently each other's largest trading partner in Southeast Asia and South America, with their trade turnover reaching a record level of about $6.78 billion in 2022, up 6.6 per cent year-on-year, and by threefold in the past decade. However, investment cooperation remains very modest, as Brazil currently has six valid projects totalling $3.83 million in … [Read more...] about Vietnamese, Brazilian firms asked to work together to raise trade to US$10 billion

As part of the national program on trade promotion, the event was jointly organized by the Vietnamese Consulate General in Khon Kaen, the Investment, Trade and Tourism Promotion Center of the Central province of Quang Tri, and the authorities of Khon Kaen and Ubon Ratchathani provinces. Vietnamese Consul General Chu Duc Dung stressed that there remains great potential for Vietnamese goods to penetrate the Thai market because this country is home to a large community of overseas Vietnamese, with many of whom own supermarkets, distribution and supply stores. He affirmed that the Consulate General is always ready to accompany Vietnamese and Thai businesses in promoting trade cooperation in the spirit of harmonizing benefits, contributing to promoting stable development in both nations. Tran Phi Tuong, Deputy Director of the Investment, Trade and Tourism Promotion Center of Quang Tri province, Head of the Vietnamese delegation, said that businesses joining the delegation want to … [Read more...] about Vietnamese firms seek to boost trade ties with businesses in Thailand’s Northeastern region