Turkey

The exhibition, taking place at the Sai Gon Exhibition and Convention Center (SECC), will be a great opportunity for domestic and international logistics service businesses as well as the community of investors, developers and other stakeholders to exchange, cooperate, consult and choose solutions to optimize the logistics procedure of enterprises, according to VINEXAD. Logistics is one of the fastest growing and most stable industries in Vietnam, with an average growth rate of 14–16% a year and a scale of 40-42 billion USD per year. According to Agility's assessment in 2022, Vietnam is ranked 11th in the group of 50 global emerging logistics markets. Under the direction of the Ministry of Industry and Trade, the event will showcase the development of Vietnam's logistics industry with its inherent potential, aiming to attract foreign investment, transfer operating technology, train human resources and establish a green ecosystem in the logistics industry. Its main categories of … [Read more...] about First ever logistics expo to open in Ho Chi Minh City in August

Illustrative photo (Photo: tasnimnews.com) Jakarta (VNA) – Indonesia and Iran will sign a preferential trade agreement (PTA) on May 23 to improve trade relations and boost the trade transaction value, Indonesia’s Trade Ministry announced on May 22. The ministry's director general of international trade negotiations, Djatmiko Bris Witjaksono said that it will be the second agreement between Indonesia and the Middle East region as the first was signed with UAE on July 1, 2022. According to Djatmiko, the PTA signing will be carried out within the framework of Iranian President Seyyed Ebrahim Raisi's visit to Indonesia from May 23 - 24. During his visit, the two countries will also hold a bilateral meeting to discuss further trade cooperation potential. The PTA signing will continue with the ratification process, with each country formulating its own mechanism. The products that will be listed in the PTA will include processed foods, pharmaceutical products, rubber, paper, … [Read more...] about Indonesia, Iran to sign preferential trade agreement

It saw a year-on-year rise of 125.6% in revenue, and additional KRW7.1 billion in operating profit. This is the highest-ever quarterly operating profit the film distributor reported in Vietnam, even higher than the KRW2.1 billion recorded in the first quarter of 2019 before the Covid-19 outbreak had begun. CJ CGV said it earned operating profits only in Vietnam and Turkey where the number stood at KRW50 million. It forecast that the business outcomes will be maintained in the second quarter thanks to the recovery of the film industry and the release of many highly anticipated movies. The Korean entertainment giant, which has been in Vietnam since 2011, is running 83 cinemas and 483 screens in the Southeast Asian nation, making up 51% of the market share. CJ CGV said it is closely coordinating with the Vietnamese film industry, with the 2023 CJ Short Film Making Project being kicked off recently in Ho Chi Minh City. … [Read more...] about CJ CGV posts record quarterly operating profit in Vietnam

The Trade Remedies Authority of Vietnam (TRAV) has recently received notification that the CBSA will revise its deadline in the case of an anti-dumping duty order imposed on corrosion-resistant steel sheets originating from Vietnam. The CBSA will conclude its information collection on June 15 and the due date for litigants to submit their arguments is June 22. Stakeholders will have until June 29 to submit their comments. The investigation's findings will be released on July 17. the TRAV advocates that stakeholders take prompt action to investigate the latest CBSA updates. According to World Trade Organisation statistics, Canada had investigated 362 related cases and imposed 230 trade remedies by the end of June 2022. According to data from the Ministry of Industry and Trade, Canada has initiated investigations into 18 trade remedy cases involving Vietnamese exports as of the end of last year. Canada currently imposes duties on seven Vietnamese imports, including carbon-welded … [Read more...] about Canada extends Vietnam-origin steel sheet deadline

Visitors at the Electricity, Industrial Machinery and Automation; Water Vietnam; and Energy Vietnam expos that opened in Binh Duong New City on Wednesday. — Photo courtesy of Kapa Corp Three international exhibitions, Electricity, Industrial Machinery and Automation; Water Vietnam; and Energy Vietnam opened at the World Trade Center Binh Duong New City on Wednesday. They have attract 200 enterprises from Viet Nam, France, Germany, Spain, Turkey, the US, China, Taiwan (China), the Republic of Korea, Japan, and China. Speaking at the opening ceremony, Phan Thi Khanh Duyen, deputy director of the province Department of Industry and Trade, said the event is a platform for local enterprises to enhance B2B activities and link up with foreign counterparts. On show at more than 250 booths are advanced equipment, technologies and products. A series of conferences and B2B events are scheduled on the sidelines of the three-day expos. The events are meant to help enterprises get the … [Read more...] about Bình Duong hosts electricity, industrial machinery, water, energy expos

Indonesia, Iran ink MoU to boost Halal products cooperation (Photo: VNA) Jakarta (VNA) – The governments of Indonesia and the Islamic Republic of Iran have reached a memorandum of understanding (MoU) on cooperation in Halal products assurance (JPH). The MoU was inked by Indonesia n Deputy Minister of Religious Affairs Zainut Tauhid Sa'adi and Iranian Deputy Minister of Foreign Affairs for Economic Diplomacy Mahdi Safari on May 23 during an official visit to Indonesia by President of the Islamic Republic of Iran Seyyed Ebrahim Raisi. According to Sa'adi, his ministry is supporting strengthened cooperation in Halal products at the global level since Indonesia is aiming to become the No. 1 producer of Halal products in the world. To realise this goal, cooperation and product guarantee synergy are needed among all stakeholders at the global level, he said. The MoU is expected to strengthen the intended synergy so that Indonesia and Iran can become important players … [Read more...] about Indonesia, Iran ink MoU to boost Halal products cooperation

Fish massage, also known as fish spa treatment that has grown in popularity over recent years, has become one of the must-try activities among visitors to Viet Hai, an island commune off Cat Hai District in Hai Phong City, northern Vietnam as the service offers them a fun and rewarding experience. Visitors can reach Viet Hai Ecotourism Village in the namesake commune, situated in the center of the Cat Ba National Park, by foot or boat to experience the fish massage service and immerse themselves in nature. It normally takes around 6-7 hours to walk over 10km through a primeval jungle in the national park to reach the destination. Visitors can opt for a boat or canoe ride from the Beo waterway station to Lan Ha Bay to arrive in Viet Hai, also a fishing village. Between October and April, which is an off-peak travel season for domestic holidaymakers, international tourists are often spotted cycling around the village, admiring the beauty of local ancient houses, taking boat … [Read more...] about Relaxing fish massage draws visitors to northern island off Vietnam

South Korea's arms sales jumped to more than $17 billion in 2022 from $7.25 billion the year before, according to its defence ministry, as Western countries scrambled to arm Ukraine and tensions rose in other hot spots such as North Korea and the South China Sea. The arms deal with Poland, a key NATO member, last year included hundreds of Chunmoo rocket launchers, K2 tanks, K9 self-propelled howitzers, and FA-50 fighter aircraft. The deal's value and the number of weapons involved made it stand out even among the world's biggest defence players. South Korean and Polish officials say their partnership will help them conquer the European arms market even beyond the Ukraine war, with Seoul providing high-quality weapons faster than other countries and Poland offering manufacturing capacity and a sales pipeline into Europe. Reuters spoke to 13 company executives and government officials, including those directly involved in the deal, who said the arrangement provides a blueprint for … [Read more...] about Inside South Korea’s race to become one of the world’s biggest arms dealers

Inside a warehouse of JFE Shoji Steel Hai Phong Company in Hai Phong Province. — VNA/VNS Photo Canada Border Service Agency (CBSA) updated the timeline for auditing the anti-dumping tax on corrosion-resistant steel (COR) of Viet Nam and Turkey, according to the Trade Remedies Authorities of Vietnam. Particularly, CBSA will stop gathering information on June 15, and the parties will submit their arguments on June 22. The deadline for submitting information is June 29, and CBSA will announce the result on July 17. Previously, CBSA proposed anti-dumping and anti-subsidy investigations against COR steel imported from Turkey, the United Arab Emirates (UAE), and Viet Nam in November 2019. Viet Nam’s anti-dumping tax rate is ranging from 2.3 per cent to 71.1 per cent and is not subject to anti-subsidy tax because the subsidy level is only from 0.1 per cent to 0.2 per cent. However, the export turnover of Viet Nam's taxed products still increased strongly in 2020 and 2022, … [Read more...] about Canada to review duty taxes on Viet Nam’s corrosion-resistant steel

According to the International Monetary Fund (IMF), Vietnam's GDP based on purchasing power parity (PPP) stood in 25 th position globally in 2022, ranking just below countries such as Australia, and Poland. Specifically, Australia's reached approximately $1.63 trillion, securing 20 th position worldwide, while Poland's stood at around $1.64 trillion, placing it 19 th . The IMF also estimates that by 2023, Vietnam is expected to secure fourth position in Southeast Asia with a forecast GDP PPP of approximately $1.45 trillion. Looking further ahead, by 2026, Vietnam is estimated to have surpassed Thailand, propelling it to the second spot in the region with a figure of around $1.87 trillion. By 2028, Vietnam's economy is anticipated to have reached approximately $2.21 trillion, placing it among the top 20 economies globally. The top 20 economies in 2028, according to the IMF, are predicted to include China, the United States, India, Japan, Germany, Indonesia, Russia, … [Read more...] about Vietnam projected to become 20th largest global economy