Trade war vietnam

UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023

Vietnam remains supportive and would serve as the bridge for the UK to expand its partnership with ASEAN, calling for the UK parliament to support ASEAN’s central role in the region, as well as Vietnam’s stance on regional security issues. Vietnam and the UK are seeking closer relations at a time when the bilateral strategic partnership has been at its best with strong progress in all spheres. Chairman of Vietnam National Assembly Vuong Dinh Hue and Speaker of the House of Commons of the UK Lindsay Hoyle. Source: VNA The view was shared during a meeting between Chairman of Vietnam National Assembly Vuong Dinh Hue and Speaker of the House of Commons of the UK Lindsay Hoyle in London today [June 29]. According to Hue, trade and investment cooperation between the two countries has benefited from the UK-Vietnam Free Trade Agreement (UKVFTA) that took effect in early 2021. Hue expected both sides to continue taking advantage of the deal to boost bilateral trade … [Read more...] about Vietnam, UK seek closer relations

Trade promotion plays a key role for the dairy sector How has the dairy sector recovered from the pandemic? Despite the prolonged pandemic, the domestic dairy market still reached VND113.7 trillion in revenues in 2020 and VND119.3 trillion in 2021. The country produced about 1.77 billion liters of fresh milk in 2021, up 4.5 percent compared to 2020, while powdered milk volume saw positive growth of 13.1 percent year-on-year to 151,500 tonnes. Vietnamese dairy businesses have strengthened trade promotion activities and sought export markets. Currently, Vietnamese dairy products are available in 50 countries and territories. In 2021, the sector had a turnover of nearly US$300 million. Milk is a special product and export markets always put quality at the top. Therefore, Vietnam’s milk and dairy product exports to foreign markets are considered a great success. Tran Van Trung, chairman of the Vietnam Dairy Association What are the opportunities for the dairy … [Read more...] about Dairy sector milks trade agreements for greater opportunities

More than 100 Japanese companies in the food industry and 30 in cosmetics are looking for partners and expanding business in Vietnam. Japan Street, an online catalog site, is expected to further enhance business cooperation between Vietnamese and Japanese enterprises and further contribute to bilateral relations. Deputy Head of JETRO in Hanoi Keisuke Kobayashi at the event. Photo: Hai Yen Project Manager at the Japan External Trade Organization (JETRO) in Hanoi Yutaka Yasunaga stressed the view during a press briefing on the platform held today [June 30]. According to Yasunaga, “Japan Street” would help connect Japanese suppliers with overseas buyers, including those from Vietnam. Yasunaga said that the Covid-19 pandemic and the restriction measures adopted by countries around the world have made it difficult to set up direct meetings between buyers and suppliers. “An online platform, therefore, is considered an effective solution to avoid disruption to … [Read more...] about “Japan Street” to bolster Vietnam-Japan business cooperation: JETRO

Vietnam expects to create the utmost favorable environment for foreign companies to be successful in the country. Chairman of the National Assembly Vuong Dinh Hue on June 29 held several meetings with executives of UK multinationals, including Prudential, Standard Chartered, Pacific Land, Pearson, and Enterprize Energy. All executives have expressed their good impression and pledged to commit long-term presence in Vietnam. NA Chairman Vuong Dinh Hue and President of Prudential Shriti Vadera. Source: VNA President of Prudential Shriti Vadera said the company's business performance was positive during the Covid-19 pandemic, expressing her delight to be part of Vietnam’s development. Vadera suggested Prudential could further contribute to the country’s economic growth  by taking part in the long bond issuance. Chairman Hue welcomed Prudential’s successes in Vietnam, saying insurance corporations remain key partners of the State in Government bond issuance. … [Read more...] about UK multinationals pledge long-term presence in Vietnam

An overview of the forum (Photo: VNA) Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue attended the Vietnam-UK high-level forum on economy and trade in London on June 29 (local time), as part of the leader’s ongoing visit to the UK. Aiming to seek stronger economic, trade and investment partnership between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, Britain Secretary of State for International Trade Anne Marie Trevelyan, and MP Graham Stuart, UK Prime Minister's Trade Envoy to Vietnam, and a large number of Vietnamese and Britain businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Vietnam-UK Strategic Partnership , as well as great chances for both sides to bolster their ties from the UK-Vietnam Free Trade Agreement ( UKVFTA ). He underlined that both sides should optimise advantages from the deal by encouraging the promotion of the two-way trade and investment, and creating favourable … [Read more...] about NA Chairman attends Vietnam-UK high-level forum on economy, trade

National Assembly Chairman Vuong Dinh Hue (right) at a meeting with Kenneth Atkinson, head of the British Business Group in Vietnam (Britcham), and representatives of British groups and investment funds operating in Vietnam. (Photo: VNA) London (VNA) – Vietnam wants to learn from the UK’s experience in promoting the role of public and private sectors, private governance and national governance in an effort to achieve commitments, including those made at the 26th United Nations Climate Change Conference of the Parties ( COP26 ) in Glasgow last year, National Assembly Chairman Vuong Dinh Hue has said. At a meeting in London on June 30 with Kenneth Atkinson, head of the British Business Group in Vietnam (Britcham), and representatives of British groups and investment funds operating in Vietnam, Hue affirmed that the relationship between Vietnam and the UK is at an all-time high. He believed the UK will continue to elevate its role and position in terms of economy, trade and … [Read more...] about Vietnam seeks stronger trade, education ties with UK

Prime Minister Pham Minh Chinh (right) and Japanese Minister of Justice Furukawa Yoshihisa. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh asked Japan for further helping Vietnam improve capacity in law-making and develop a pool of skilled legal and judicial experts during his meeting with visiting Japanese Minister of Justice Furukawa Yoshihisa in Hanoi on June 30. The PM also proposed Japan support Vietnam in accelerating digital transformation in justice and capacity building in defending international legal cases, particularly in the fields of politics, trade and economy. He affirmed that the Government of Vietnam is providing all enabling conditions to strengthen legal and judicial cooperation between the two ministries of justice, which plays a part in stepping up the Vietnam – Japan extensive strategic partnership. Describing Japan as Vietnam’s long-term, trusted and leading partner which shares many common strategic benefits with Vietnam, PM Chinh … [Read more...] about Vietnam proposes Japan help in law-making capacity building

Vietnam is seeing a surge in the price of its coffee exported to the US (Photo: VNA) Hanoi (VNA) – Vietnam is seeing a surge in the price of its coffee exported to the US and is expected to gain more opportunities in this market. According to the Ministry of Industry and Trade’s Import-Export Department, in the first five months of 2022, Vietnam shipped 50,580 tonnes of coffee to the US for 124.95 million USD, down 2.9% in volume, but up 23.6% in value year-on-year. In the period, Vietnam earned 2,470 US D per tonne, up 27.2% compared to that in the same period last year. Experts forecast that in the 2020 - 2025 period, the US coffee market will grow at an average rate of 4.8%. The main factors driving the growth of the market are increasingly hectic lifestyle and long working hours, which make coffee chains in the country more popular among consumers. The opportunity is big, the Import-Export Department stressed, however, advising exporters to pay attention to … [Read more...] about Vietnam sees more chances for coffee exports to the US

A handover of remains of missing US soldiers is held in Da Nang in September 2019. (Photo: VNA) Hanoi (VNA) – The Vietnam Office for Seeking Missing Persons (VNOSMP) handed over remains of American soldiers missing in action during the war in Vietnam to the US in a ceremony held at Da Nang International Airport on June 30. The US side included representatives from the US Embassy in Hanoi and the US Missing in Action (MIA) Office in Hanoi (DET2). The two sets of remains returned to the US side this time were the results of the two countries’ 146th and 147th joint searches from February to June. Examined by both Vietnamese and American forensic specialists in Da Nang, they were found to potentially link to missing US servicemen in Vietnam. They will be sent to Hawaii for further examination. The search for missing US soldiers' remains from the war in Vietnam has been an ongoing humanitarian activity jointly conducted by the Vietnamese and US Governments. This was the 158th … [Read more...] about Vietnam hands over more remains of US soldiers missing in action