Two way trade

Vietnamese Ambassador to South Africa Hoang Van Loi (R) at the seminar (Photo: VNA) Pretoria (VNA) - Vietnamese Ambassador to South Africa Hoang Van Loi has led a delegation of Vietnamese representative agencies in South Africa to attend a seminar on ASEAN investment held by the Department of International Relations and Cooperation (DIRCO) of South Africa and the Northern Cape provincial government in Kimberley city. This an initiative of the ASEAN Committee in Pretoria and is the first seminar on ASEAN investment organised in a South African locality. It also opened a series of events to explore opportunities for investment and trade cooperation between ASEAN member countries and South Africa in general and the Northern Cape province in particular. In his speech, Ambassador Loi briefed participants on Vietnam’s socio-economic development, major development orientations, as well as potential and opportunities to strengthen economic, trade, investment and tourism … [Read more...] about Vietnam eyes stronger trade, investment cooperation with South Africa

National Assembly Chairman Vuong Dinh Hue (R) and Speaker of the Indian Lok Sabha (the lower house) Om Birla in a meeting in Hanoi in April 2022 (Photo: VNA). Hanoi (VNA) - The Vietnam Academy of Social Sciences (VASS) and the Indian Council of World Affairs (ICWA) on May 26 jointly organised a dialogue themed “Strengthening the Vietnam-India comprehensive strategic partnership". India n Ambassador to Vietnam Rranay Verma said the two countries have been committed to addressing common challenges such as climate change and poverty, towards promoting sustainable development and inclusive growth. comprehensive strategic partnership between the two nations has helped open new cooperation areas including aerospace, biotechnology, automobile industry, and renewable energy; and promoting the establishment of cooperation mechanisms in encryption technology, UN peacekeeping, and trade and investment. dialogue , delegates from the two countries focused their discussion on ways … [Read more...] about Vietnam, India boost comprehensive strategic partnership

Global food prices are expected to keep on rising this year due to the Ukraine conflict and other factors, Photo: Thanh Tung China’s National Bureau of Statistics (NBS) said on May 11 that the consumer price index (CPI), the main measure of inflation and retail sales, increased by 2.1 per cent on-year in 2021 due to the impact of the recession and skyrocketing energy costs and food prices. Data released by the General Administration of Customs of China on April 13 recorded a decrease in China’s imports for the first time since August 2020. In March, China’s imports fell 0.1 per cent on-year. Assoc. Prof. Dr. Vu Sy Cuong from the Academy of Finance warned last week, “Along with the conflict in Ukraine, China’s economic difficulties could exacerbate inflationary pressures in Vietnam.” China’s slowing growth is clearly felt by many manufacturing and export industries of Vietnam. Pham Van Viet, president of garment firm VitaJean Co., Ltd., said, “Restrictions on raw materials … [Read more...] about Global effects mar control of inflation

Illustrative image This has led to a new consensus from different development economies for the need to reduce dependency on one source and improve integration among various countries. However, the process of reducing dependency has led to rising inflation, labor shortages, more regional protectionism, and fluctuating shocks in the global financial world. Under such an unpredictable scenario in global trade it would be surprising if countries such as Vietnam will participate in a monetary system that would be chosen for a global trade chain. New global trends It was not until the 19th century that global integration began to develop. However, this trend of globalization eventually waned and collapsed during World War I, and was followed by postwar protectionism, the Great Depression, and finally the long and brutal World War II. When World War II ended in the mid-1940s, the United States led the efforts to restore international trade and investment under several set ground … [Read more...] about Vietnam has choices under new global trends

Ukrainian Ambassador Gaman Oleksandr (R) presents his credentials to President Nguyen Xuan Phuc. (Photo: VNA) Hanoi (VNA) - President Nguyen Xuan Phuc hosted receptions for the newly-accredited ambassadors from Ukraine and Canada, who came to present their credentials. Receiving the new Ukrainian ambassador, Gaman Oleksandr, President Phuc underlined that Vietnam always attaches great importance to the traditional friendship, partnership and comprehensive cooperation with Ukraine. The sound ties between the two countries have been nurtured and developed by generations of leaders and people of both countries over the past 30 years since Vietnam and Ukraine set up their diplomatic relations, he said. Despite COVID-19 impacts, bilateral economic and trade cooperation has been bolstered, he said, noting that the 15th meeting of the Inter-Governmental Committee on economic, trade and science-technology cooperation was held successfully. The Vietnamese leader thanked … [Read more...] about President receives new ambassadors from Ukraine, Canada

Muoi Sau (Sixteen) Dessert Soup Stall in Hanoi’s downtown is a well-known place for those who love the sweetness of Hanoi desserts. Che or sweet soup is a Vietnamese dessert that originated in northern Vietnam a nearly century ago. This has long been a familiar nosh of Hanoians to cool off on hot summer afternoons. From the simple sweet porridge cooked from lotus, black or green mung beans, over time, it has become more diverse with different variants. A specialty of Hanoi The mixture of lotus and young rice sweet soup. Photo: Moc Van Interestingly, you can enjoy che in both Summer and Winter. There is no better way to refresh your body in the middle of a hot summer day than having a cool fresh glass of che , and warm your body up with a hot bowl of Vietnamese sweet soup on a freezing winter night. che may be served hot or cold, in bowls, glasses, or over ice. Unlike che from other provinces, Hanoians are very careful in the selection of … [Read more...] about Muoi Sau sweet soups- the quintessence of Hanoi’s nosh

Petrol retail prices in the country have been adjusted many times over the past few months, Photo: Le Toan In Vietnam, gasoline prices continue to increase, and after the adjustment on May 11 by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance, each litre of E5 RON92 petrol increased by 6.5 US cents to $1.26 per litre while RON95 climbed by 6.7 US cents to $1.30 per litre. On May 17, the price of US WTI crude oil remained at a high level of over $114 per barrel while Brent oil maintained its upward momentum at $114.28 per barrel. Before the next adjustment, which was due on May 21, petrol prices in Vietnam were forecast to continue to increase to higher levels. The ministries first adjusted gasoline prices on January 11 due to a decrease in global supply, production output by Kazakhstan and Libya, and oil inventories of the United States. According to Decree No.95/2021/ND-CP, effective from January, there will be three adjustments each month to the … [Read more...] about Vietnam riding the wave of inflationary unpredictability

Vietnam and Cambodia signed a treaty on demarcation in 1985 and supplemented the document twice. Vietnam and Cambodia are working on completing the remaining 16% of the demarcation work, a Vietnamese spokesperson said today, adding that negotiations on this issue are on the way. Spokesperson Le Thi Thu Hang of the Vietnamese Ministry of Foreign Affairs said in answering a question on the issue raised at a press conference on May 26. “Completing the demarcation and planting border markers build the Vietnam-Cambodia borderline of peace, friendship, and sustainable development is the long-standing legitimate aspiration of the two peoples,” Hang said. Demarcation market No.240 along the Vietnam-Cambodia border. Photo: Ngoc Vien Nguyen/Panoramio In this regard, the two countries have marked off 1,045 km of the borderline or fulfilled 84% of the work. The achievements are essential for traveling, trading, friendship activities, as well as socio-economic … [Read more...] about Vietnam, Cambodia continue completing demarcation: Spokesperson