Viet Nam and Nigeria are seeking to boost co-operation in trade and investment to tap the significant potential between the two countries.At the Viet Nam-Nigeria Trade and Investment Forum in Ha Noi on Monday, Doan Duy Khuong, vice chairman of the Viet Nam Chamber of Commerce and Industry, said the two countries had significant room to boost co-operation.Khuong said Viet Nam was entering a new development period in 2016-20 with a stable macro-economy, high gross domestic product growth rate and total trade revenue of US$359 billion.Viet Nam was an important gateway for Nigerian firms to penetrate other markets, especially ASEAN markets, Khuong said, adding that Nigeria was a potential market for Viet Nam in Africa.Khuong said the two sides had potential to boost co-operation in agriculture, agricultural processing, garments, mining and building materials.Nigeria wanted to import products that were Viet Nam’s strengths and Viet Nam wanted to import raw materials for processing.Oye … [Read more...] about VN, Nigeria seek to boost trade cooperation
Trade
EU, Vietnam seek to sign bilateral free trade deal
During a meeting with EU Trade Commissioner Cecilia Malstrom, both sides pledged continued efforts to agree on remaining points of the deal and the necessary measures to be taken in order to conclude the FTA by early next year. During the visit, Minister Anh and Stefano Manservisi, head of the European Commission's Directorate General for International Cooperation and Development signed an agreement on financing a program to help energy development policies, which uses the EU’s ODA. The EU will provide a non-refundable aid worth 108 million euros for 23 smaller projects on electricity supply for rural, mountainous, and island areas in 23 provinces from 2018 to 2020. … [Read more...] about EU, Vietnam seek to sign bilateral free trade deal
Vietnam’s message: We’re a reliable trading partner
Growing middle classThemed “Vietnam: We Mean Business”, the one-day event had six thematic discussions on smart agriculture, financial services, health care and education, infrastructure, tourism and special economic zones, small and medium-sized enterprises, startup and renovation. It brought together 2,000 businesses from the Asia-Pacific region.In his speech at VBS 2017, Vietnam Chamber of Commerce and Industry Chairman Vu Tien Loc cited the comment made by the late Deputy Minister of Foreign Affairs Le Mai about the process of normalization of US-Vietnam relations: Vietnam is a country, not a war. Today, following great efforts to integrate into the global economy, the Vietnamese business community wants to tell the world that Vietnam is not a war, that it is not only a country but also a reliable trading partner.The results of a survey conducted by the American Chamber of Commerce in Singapore this past September show that 56 percent of surveyed businesses considered … [Read more...] about Vietnam’s message: We’re a reliable trading partner
Vietnam, Indian officials agree to boost trade to $15 billion
Vietnam and India met for their seventh deputy-ministerial level political consultation meeting and the fourth meeting of their strategic dialogue in Hanoi yesterday. They agreed to elevate two-way trade to US$15 billion by 2020 and increase all-round collaboration, especially in politics, economics, national defence and security, science and technology, culture and education. — VNA/ VNS Photo Minh Quyet Vietnamese Deputy Foreign Minister Le Hoai Trung and his Indian counterpart Anil Wadhwa talked extensively about all possible steps to further facilitate visits, thus laying a firm foundation for more co-operations. They agreed to elevate two-way trade to US$15 billion by 2020 and increase all-round collaboration, especially in politics, economics, national defence and security, science and technology, culture and education. Trung reiterated Vietnam's consistent policy of valuing its traditional friendship and strategic partnership with India, backing India's Act East … [Read more...] about Vietnam, Indian officials agree to boost trade to $15 billion
Boosting Vietnam-Italy economic, trade cooperation
PM Phuc applauded the success of the 4th session of the Vietnam-Italy Joint Committee for Economic Cooperation and the Vietnam-Italy Business Forum, and recommended the two countries intensify economic and trade cooperation in a bid to lift up bilateral trade.PM Phuc suggested Italian firms to increase investments in Vietnam, and said the Vietnamese Government will create favourable conditions for Italian investors. He listed a number of spheres for bilateral cooperation, including tourism, green technology, transport, and infrastructure and stressed the need to open a direct air route between the two nations.PM Phuc urged both sides to exchange high-ranking delegations, work closely to implement the 2017-2018 action plan on strategic partnership, continue organising strategic diplomatic and defence dialogues, and carry out activities marking 45 years of diplomatic ties. The PM wished that Italy, as an important member of the EU to help speed up the EU’s signing and ratification … [Read more...] about Boosting Vietnam-Italy economic, trade cooperation