Two way trade

Saying its establishment will contribute to the elevation of amity and cooperation in economy, tourism, and culture, Duong highlighted that bilateral trade has increased by 10 to 15 percent each year over the last decade. Two-way trade exceeded 6 billion USD in 2019 and was close to 4 billion USD in the first nine months of 2020. … [Read more...] about Vietnam, Mexican state to step up trade, investment, cultural, educational ties

Hanoi (VNA) – The world’s largest electronic component and computer manufacturer Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, Reuters quoted a person with knowledge of the plan as saying. The production lines are expected to come into operation in Vietnam in 2021. According to Bloomberg, Apple’s partners have ramped up iPhone production capacity in India, and companies that assemble AirPods have added some assembly lines in Vietnam. Foxconn announced 270 million USD of new investments earlier this week, which a person familiar with the company’s operations said was for Vietnam. “This would be done to help Apple diversify production away from China and reduce the impact of the US-China trade war. Firms located in Taiwan such as Foxconn are also concerned about the trade war and are working out ways to move production out of China and into Vietnam, Mexico, and India,” according to … [Read more...] about Int’l media: Some Apple production to be shifted to Vietnam

She noted that the exchange of parliamentary delegations has been maintained, thereby fostering collaboration and sharing of information and legislative experience, and raising the efficiency of each country’s assembly operations, as well as the implementation of bilateral cooperation deals. … [Read more...] about Vietnam-Russia parliamentary ties enjoy positive progress: top legislator