South korea foreign exchange

Hanoi (VNA) – The 13th National Congress of the Communist Party of Vietnam, taking place from January 25 to February 2, has been highlighted by international media. The Associated Press (AP) on January 25 ran an article, saying that almost 1,600 delegates are attending the congress this week to approve future policy and help select the nation’s top leaders. Hanoi’s streets are lined with the Party’s hammer and sickle flags, national flags and posters to promote the congress, which is held every five years. Some 4,900 people involved with the event must each take two tests for the coronavirus SARS-CoV-2. The article cited Murray Hiebert, a senior associate of the Southeast Asia Program at the Centre for Strategic and International Studies in Washington, as saying that Vietnam has grown an average of 6 percent over the past five years and nearly 3 percent in 2020, when most of its neighbors slumped into recession due to the pandemic. Japan’s Nikkei Asia … [Read more...] about 13th National Party Congress makes foreign headlines

The Regional Comprehensive Economic Partnership could provide opportunities for local small and medium enterprises to move up the value chain with the simplification of procedures. Manufacturers in advanced countries such as Japan, China and South Korea may consider minimizing costs by outsourcing the final processing steps to less expensive ASEAN countries such as Vietnam to achieve cost benefits. … [Read more...] about Standard Chartered forecasts Vietnam’s 2021 GDP growth at 7.8%

Hanoi (VNS/VNA) - Up to 205 local traders nationwide were permitted to export rice as of January 18, following a list released by the Ministry of Industry and Trade’s Agency of Foreign Trade.   Per the list, the Mekong Delta City of Can Tho saw the highest number of licensed rice exporters at 43. Ho Chi Minh City ranked second with 38 eligible rice exporters, followed by the southern provinces of Long An, An Giang and Dong Thap at 25, 20 and 18, respectively. Other localities with licensed rice exporters were Tien Giang and Hanoi with eight, Nghe An with seven, and Kien Giang and Vinh Long at six.  Meanwhile, other localities had only one permitted rice exporter, such as Dak Nong, Tra Vinh, Tay Ninh, Binh Dinh, Binh Duong, Ha Tinh, Nam Dinh and Ninh Binh.  Despite a modest decline of 3.5 percent in export volume to 6.15 million tonnes mainly due to the Government's efforts to ensure national food … [Read more...] about Total of 205 traders allowed to export rice

As of the end of March, the Nghi Son Economic Zone had 228 domestic projects, valued at 130.08 trillion VND (5.63 billion USD at current exchange rate), and 19 foreign-invested projects worth over 12.6 billion USD. Other industrial parks attracted 335 domestic projects with total registered capital of 18.38 trillion VND and 41 foreign-invested projects with accumulative capital of 703 million USD.  … [Read more...] about Thanh Hoa: a promising investment destination

After Vietnam and Japan established diplomatic ties on September 21, 1973, the bilateral relationship has experienced rapid developments over the past years. The Vietnam-Japan relationship is now at its best since the establishment of the diplomatic ties, with high mutual trust. The two sides have maintained important cooperation mechanisms such as the Vietnam-Japan Cooperation Committee co-chaired by foreign ministers of the two countries, the strategic partnership dialogue on external affairs, national defence and security at deputy foreign ministerial level, the defence policy dialogue at the deputy ministerial level, the deputy ministerial-level security dialogue, the joint committee on trade, energy and industry, the agricultural dialogue at the ministerial level, and the maritime policy dialogue at the ministerial level. Japan is Vietnam’s leading important economic partner, the largest official development assistance (ODA) provider, second biggest investor, third … [Read more...] about Japanese PM Yoshihide Suga begins official visit to Vietnam