PM Nguyen Xuan Phuc (5th) at the reception for Indian Vice President Venkaiah Naidu, who is also Chairman of the Rajya Sabha (Upper House) of the Parliament of India PM Nguyen Xuan Phuc hosted a reception for Indian Vice President Venkaiah Naidu, who is also Chairman of the Rajya Sabha (Upper House) of the Parliament of India, in Ha Noi last week. PM Phuc hoped that the visit would contribute to maintaining high political trust and boosting collaboration in all aspects between the two countries. The two leaders said that economic and trade cooperation remains a pillar in bilateral relations and agreed to lift the two-way trade value turnover to US$15 billion in the time to come. They considered the opening of the Indian market for Viet Nam’s longan, grapefruit, rambutan and durian, and allowing India’s pomegranate, grapes and millet to enter the Vietnamese market. The … [Read more...] about VN, India eye US$ 15 billion two-way trade turnover
Two way trade
Vietnam, India work toward two-way trade of US$15 billion
Vice President Dang Thi Ngoc Thinh held talks in Hanoi on May 10 with her guest, Vice President of India Venkaiah Naidu and both reached that agreement. Welcoming the guest’s first visit to Vietnam, Thinh stated Vietnam places importance to the time-honoured friendship with India and hailed the dynamic growth of the bilateral ties across the board, especially after the countries established strategic partnership in 2007 and upgraded the ties to comprehensive strategic partnership in 2016. Vice President Venkaiah Naidu said the two countries worked closely to implement projects to preserve the world cultural heritage My Son in Vietnam’s central province of Quang Nam and assist the Cham ethnic people in the southern province of Ninh Thuan. The leaders agreed to continue maintaining the exchange of visits at all levels and deploying efficiently signed cooperation documents. They said defence-security cooperation is continuously efficient and practical, hailing the … [Read more...] about Vietnam, India work toward two-way trade of US$15 billion
Vietnam, India work toward two-way trade of 15 billion USD
Vice President Dang Thi Ngoc Thinh (R) shakes hands with Vice President of India Venkaiah Naidu (Photo: VNA) Hanoi (VNA) – Vietnam and India will together make effort to achieve a two-way trade value of 15 billion USD in the coming time as their leaders have agreed to accelerate economics, trade, and investment cooperation. Vice President Dang Thi Ngoc Thinh held talks in Hanoi on May 10 with her guest, Vice President of India Venkaiah Naidu and both reached that agreement. Welcoming the guest’s first visit to Vietnam, Thinh stated Vietnam places importance to the time-honoured friendship with India and hailed the dynamic growth of the bilateral ties across the board, especially after the countries established strategic partnership in 2007 and upgraded the ties to comprehensive strategic partnership in 2016. Vice President Venkaiah Naidu said the two countries worked closely to implement projects to preserve the world cultural heritage My Son in Vietnam’s … [Read more...] about Vietnam, India work toward two-way trade of 15 billion USD
PM wishes to raise two-way trade with Singapore
Prime Minister Nguyen Xuan Phuc (R) and his Singaporean counterpart Lee Hsien Loong (Photo: VNA) Beijing (VNA) – Prime Minister Nguyen Xuan Phuc expressed wish to raise two-way trade with Singapore from the current level of nearly 8 billion USD during a meeting with his Singaporean counterpart Lee Hsien Loong in Beijing on April 26. The meeting took place on the occasion of their attendance to the second Belt and Road Forum for International Cooperation (BRF). Both sides expressed their delight that economic, trade and investment links are always a bright spot in bilateral relationship. Singapore remains the third largest foreign investor in Vietnam while Vietnamese firms have invested in Singapore with over 100 projects worth nearly 300 million USD. Singaporean PM Lee spoke highly of Vietnam’s potential and strengths, especially its young workforce capable of mastering modern technology. Singapore will encourage firms to enhance investment in infrastructure, … [Read more...] about PM wishes to raise two-way trade with Singapore
Two-way trade between Vietnam, China hits US$106 billion
According to VCCI-HCM, China continues to be the largest trade partner of Vietnam and Vietnam has also passed Malaysia to become the largest trade partner of China among countries in the ASEAN. Last year, two-way trade turnover between Vietnam and China exceeded US$106 billion, up 14 percent compared to the previous year. China is the first trade partner of Vietnam to make a record high of more than $100 billion in trade turnover. Of which, export value from Vietnam to China was above $41 billion, up 16 percent compared to that in 2017. Structure of export goods from Vietnam to China has positively changed, gradually increasing the proportion of manufactured products and agro-forestry-aquatic products and decreasing the proportion of raw materials, fuels and minerals.By Minh Hai – Translated by Thuy Doan … [Read more...] about Two-way trade between Vietnam, China hits US$106 billion