Supply chains hanoi

Vietnamese and Chinese officials take part in the teleconference on June 29. (Source: VNA) Hanoi (VNA) – A conference reviewing cooperation between Vietnamese ministries, localities and Guangdong province of China was held in virtual form on June 29 under the chair of Vietnamese Deputy Foreign Minister Pham Quang Hieu and Guangdong’s Vice Governor Wang Xi. Opening the conference, the eighth of its kind, Deputy FM Hieu expressed joy at the positive developments in the Vietnam-China relationship in general and between Vietnamese ministries, localities and Guangdong in particular. Guangdong has the biggest trade revenue with Vietnam among Chinese localities , with bilateral trade up 16.2 percent in 2021 to 47.42 billion USD, accounting for more than one quarter of Vietnam-China trade value. Guangdong companies invested nearly 2 billion USD in Vietnam in 2019-2020. Deputy minister Hieu said amidst fast developments in global and regional economic situation, the two … [Read more...] about Conference reviews Vietnam-Guangdong cooperation

Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam’s consumer price index (CPI) in the January – June period rose by 2.44% year-on-year while its core inflation edged up 1.25%, the General Statistics Office ( GSO ) reported at a press conference on June 29. The CPI was up 2.96% in the second quarter, and 3.37% in June alone, compared to the same periods last year. GSO General Director Nguyen Thi Huong attributed the CPI hike to the increase in prices of essential consumer goods and services, materials for production and transportation costs. According to the GSO, the world commodity market in the January – June period continued to witness many fluctuations and was influenced by economic and political factors. The global economic recovery, the increasing demand for raw materials and fuel for production, and the disruption in supply chains are main reasons behind the sharp surge of commodity prices on the international market. The GSO said prices of petrol … [Read more...] about Vietnam’s CPI up 2.44% in six months

The Vietnamese side at the online talks on June 29 (Photo: VNA) Hanoi (VNA) – Permanent Vice Chairman of the National Assembly (NA) Tran Thanh Man and Vice Chairman of the Standing Committee of the National People’s Congress (NPC) of China Wang Chen held online talks on June 29. They shared the view that relations between the two Parties and countries have continued thriving, with all-level exchanges and meetings held frequently in flexible forms. In particular, the Party general secretaries of Vietnam and China have had four phone talks in two straight years, helping enhance political trust and identify strategic orientations for the healthy and stable development of the two Parties and countries’ relations. The vice chairmen affirmed that the practical and effective cooperation between the two legislatures form an important part of ties between the two Parties and countries. Given this, they agreed to order their respective sides’ relevant agencies to fruitfully … [Read more...] about Vietnam, China agree on measures to further promote parliamentary ties