Trade about vietnam

The festival is expected to attract numerous visitors. The Vietnam Craft Village Festival 2023 will be held from November 9 to 12 in Hanoi to promote craft village products and tourism. Foreign visitors at the Hanoi Gift Show 2022 in October last year. Photo: The Hanoi Times The festival's program includes a ceremony to honor artisans and craftsmen, the opening ceremony, and an international exhibition of craft village products and One Commune One Product (OCOP) goods at the Imperial Citadel of Thang Long. Nguyen Thi Hoang Yen, deputy head of the Department of Economic Cooperation and Rural Development, told a press conference on September 26 that six events will be held in response to the Vietnam Craft Village Festival 2023, including an art show of traditional cultural craft villages, an international workshop on craft villages with about 250 foreign and domestic delegates, a Vietnam-San Marino trade networking workshop with about 100 participants, … [Read more...] about Hanoi to host Vietnam Craft Village Festival 2023

According to the Ministry of Industry and Trade, 72 countries recognize Vietnam as a market economy, including Canada, Australia, Japan, and South Korea. The UK did so recently with an official letter to the effect. Speaking to VnExpress , a Trade Remedies Authority Department official said since its first anti-dumping investigation case against Vietnam in 2002 the U.S. had been considering the country a non-market economy. In a meeting with the U.S. Secretary of Commerce Gina Raimondo in Washington last Tuesday, Prime Minister Pham Minh Chinh proposed the U.S. to soon recognize Vietnam’s market economy status . The need for recognition of Vietnam's market economy status was also in the joint statement between General Secretary Nguyen Phu Trong and President Joe Biden on upgrading the two countries' relations to a Comprehensive Strategic Partnership. The EU also sees Vietnam as a non-market economy. In 2015, while free-trade agreement negotiations were underway, the EU … [Read more...] about Significance of Vietnam being a market economy

Participants at the first meeting of the Vietnam - Colombia Joint Economic Committee (Photo: VNA) Mexico City (VNA) – Vietnamese Deputy Minister of Industry and Trade Do Thang Hai and Colombian Deputy Minister of Trade, Industry and Tourism Soraya Caro Vargas signed a Memorandum of Understanding (MoU) on trade, investment, and industrial cooperation, and co-chaired the first meeting of the Joint Economic Committee of the two countries on September 27 in Bogota. Vietnamese Deputy Minister of Industry and Trade Do Thang Hai (L) and Colombian Deputy Minister of Trade, Industry and Tourism Soraya Caro Vargas (Photo: VNA) The positive growth of two-way trade turnover is clear evidence that bilateral trade relations are increasingly strengthened, she said. bilateral economic relations as well as cooperation within multilateral frameworks. Vietnam – Colombia Joint Economic Committee are a significant step in bilateral economic cooperation, demonstrating the commitment and … [Read more...] about Vietnam, Colombia ink MoU on trade, investment, industrial cooperation

The People’s Committee of Binh Duong Province in southern Vietnam and the Vietnam Railways on Wednesday debuted an international multimodal train transporting cargo from Song Than Station to China. The train with 19 carriages carried nearly 500 metric tons of tapioca starch. The train departed from Song Than Station the same day, and is set to arrive in Putian, Zhengzhou in China’s Henan on October 5. Attending the inauguration ceremony, Le Manh Ha, CEO at T&T Trade and Service Company, said that the demand for freight transport to China is high. Firms can now conduct export procedures at Song Than Station, instead of any border station. The launch of the international multimodal transport train services has smoothed the path for local importers, exporters, and logistic service providers. Dang Sy Manh, chairman of the Vietnam Railways, said that Song Than Station is capable of handling 1.6 million metric tons of cargo, mainly consumer goods, garments and textiles, … [Read more...] about Vietnam’s Binh Duong launches int’l multimodal freight train to China

In Vietnam, the import of wild-caught lobster larvae is under strict control because of short supply, yet the smuggling of this in-demand shellfish remains rampant on social media, posing immeasurable risks. Many raft owners in Cam Ranh City, Khanh Hoa Province find it difficult to import official lobster larva shipments, while some online sellers offer lobster larvae in great numbers and with plenty of pricing. When buying lobster larvae becomes a gamble Despite being aware of numerous risks in quality, many consumers still go for buying lobster larvae online. "Vendors vaguely claimed that these infant lobsters hailed either from Indonesia or the Philippines,” said Le Phuong Dung, a buyer in Cam Linh Ward, Cam Ranh City. The price per lobster larva peaked at VND60,000 (US$2.46) in July and August, while each cost about VND40,000 ($1.64) at the moment, said Dung. Besides purchasing from a regular contact, she usually orders lobster larvae online as this kind of trading … [Read more...] about Lobster larvae increasingly smuggled into Vietnam

The European Union (EU) will apply five assistance tools to Vietnam’s multifaceted development plan, as well as rapidly resolve its Illegal, Unreported and Unregulated (IUU) fishing ‘yellow card’ warning against the Southeast Asian country, the new EU ambassador to Vietnam recently announced. Ambassador Julien Guerrier was speaking at his first media meeting in Hanoi on Wednesday, one day after taking office and presenting his letter of credentials to Vietnamese State President Vo Van Thuong. Vietnam is an important EU partner in its Indo-Pacific strategy and the EU is one of Vietnam’s most reliable and long-standing friends and partners, Guerrier affirmed. The new ambassador pledged that during his four-year term, the EU will continue to help Vietnam realize its vision of becoming a developed economy by 2045 and achieving net-zero emissions by 2050. To that effect, the EU will provide Vietnam with five support tools, the first of which is to continue promoting the … [Read more...] about EU to offer 5 support tools to Vietnam, address IUU fishing warning soon: new ambassador

General Department of Customs holds a press conference on September 28, announcing the 2023 World Customs Organisation Technology Conference and Exhibition. (Photo: VNA) Hanoi (VNA) – The 2023 World Customs Organisation ( WCO ) Technology Conference and Exhibition - the biggest annual international event of the WCO - will take place in Hanoi from October 10-12. technology -related topics will be discussed during the three-day event, including data analytics, machine learning and artificial intelligence, blockchain, cutting-edge detection technology, and the implications of the growing volumes of e-commerce on customs processes and procedures. customs field such as technology solutions and support for customs operations, tax collection, digital transformation, security, anti-smuggling and trade fraud, and application of artificial intelligence in trade modernisation and development. VNA … [Read more...] about Vietnam to host world customs technology conference, exhibition

Illustrative image (Photo: VNA) HCM City (VNA) – The Ministry of Labour , Invalids and Social Affairs (MoLISA) held a national conference in Ho Chi Minh City on September 28 to discuss the implementation of a project on building and implementing an action plan to realise goals of the ASEAN Socio-Cultural Community (ASCC) until 2025 (Project 161), in both in-person and online format. The annual event brought together the ASEAN Secretariat in Indonesia, the MoLISA, the Ministry of Foreign Affairs, the Ministry of Industry and Trade, the Government Office, and various ministries and agencies within the ASCC in Vietnam, along with leaders from southern cities and provinces. Speaking at the event, Deputy Minister of Labour, Invalids and Social Affairs Nguyen Thi Ha said during 2021-2022, the MoLISA worked closely with ministries, agencies and localities to complete the action plan to carry out the Project 161, with the majority of the goals outlined in the ASCC being … [Read more...] about Vietnam looks towards ASCC goals for the 2021-2025 period

Illustrative image (Photo: VNA) HCM City (VNA) – A Vietnam Pho Festival 2023 will be held in Keyaki Namiki, Tokyo, Japan from October 7-8 as part of activities to introduce and promote Vietnamese culinary culture to international friends. The information was announced by representatives of Tuoi Tre (Youth) Newspaper, the Saigontourist Group, and the Vietnam – Japan Friendship Association in Ho Chi Minh City at a press conference on September 28 in the city. The event, which marks the seventh edition of the ‘Day of Pho’ (December 12), initiated and annually held by Tuoi Tre, is aimed at promoting Vietnamese cuisine, particularly Pho, a Vietnamese soup consisting of broth, rice noodles, herbs, and meat – usually beef or chicken. It will feature many Pho brands across Vietnam namely Pho Dau, Pho Hai Thien, Pho Phu Gia, Pho 'S, Pho Sen SASCO, Pho Ta - Binh Tay Food, Pho Thin Bo Ho, along with Pho brands served at five-star hotels such as Majestic Saigon Hotel, Grand Saigon … [Read more...] about Vietnam Pho Festival 2023 to take place in Japan next month

The index closed 1.4 points lower after gaining 15.9 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million). The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%. VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%. Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase. Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%. … [Read more...] about Stock market stable after strong changes