Two way trade

An overview of the meeting (Photo: VNA) Moscow (VNA) – Vietnam is a reliable partner of Russia, affirmed Chairman of the Russian State Duma Vycheslav Volodin while co-chairing the first meeting of the Vietnam-Russia Inter-Parliamentary Cooperation Committeetogether with Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan in Moscow on December 11. Speaking at the event, Vycheslav Volodin noted that Russia and Vietnam shared a traditional friendship as well as a trustworthy and close partnership. Noting that leaders from both sides have maintained regular meetings, he held that along with government channel, other cooperation models are available to boost bilateral collaboration. He underlined the need to promote their economic partnership as the two sides have yet to reach the goal of 10 billion USD in two-way trade. In 2018, the figure was 6 billion USD, and is likely to be lower in 2019. He suggested that participants at the meeting seek ways to remove obstacles to … [Read more...] about Vietnam a reliable partner of Russia: State Duma Chairman

Vietnam plans to purchase more products from the United States over the coming years (Photo: Le Toan) The plan of national flag carrier Vietnam Airlines (VNA) to buy 50 narrow-body aircraft with the total investment of over VND88 trillion ($3.83 billion) was a hot topic in the aviation industry last week when the Ministry of Transport (MoT) offered opinions on the proposal. “VNA should work on the detailed plan on annual network development so as to have a foundation to assess the feasibility with market demands, with aviation infrastructure, and with national network development policy,” the MoT said in a recent document sent to Hanoi Department of Planning and Investment. If the plan for the purchase of the A320/321 NEO and B737 MAX8/9/10 types is approved, VNA and its two units Jetstar Pacific and Vasco, which hold a market share of 51 per cent, will be strengthened with the addition of the Boeing brand to the Hanoi-based airline’s fleet. In October, the air … [Read more...] about US deals power up trade for balancing out deficit

Vietnam's total import and export value throughout November suffered a drop of 5.3 per cent to US$44.13 billion in comparison to the previous month. This drop in November comes despite the country’s total import-export value surging by 7.2 per cent during the 11-month period to US$472.63 billion against the same period from last year. Of the figure, the country's exports during November grossed US$22.79 billion, a fall of 5.9 per cent from the previous month and bringing the total export turnover throughout the reviewed period to US$241.65 billion, an increase of 7.9 per cent on-year. November saw the export value of foreign direct investment (FDI) firms reach US$15.17 billion, a 7.7 per cent fall in comparison to October, bringing the total export turnover by FDI enterprises to US$165 billion during the 11-month period, up 4.1 per cent on year. The commodities that enjoyed the highest export value throughout November include phones and components with US$4.49 billion, … [Read more...] about Vietnam posts record trade surplus of nearly US$11 billion

The VN-Index increased 0.38 per cent to end Thursday morning at 965.48 points. — Photo tinnhanhchungkhoan.vn Shares rose on Thursday morning on the two exchanges. On the Ho Chi Minh Stock Exchange (HOSE) the VN-Index increased 0.38 per cent to end the morning trade at 965.48 points. On the Ha Noi Stock Exchange, the VN-Index was almost unchanged compared to Wednesday, closing at 102.37 points. Blue chips continued to lead the market as 16 of the top 30 shares by market value and liquidity on the HOSE (VN30) and eight declined. Masan Group (MSN) was the biggest gainer this morning, rising 3.6 per cent, after a three-day decline. Other supporters included Sabeco (SAB), VPBank (VPB), Techcombank (TCB), FPT Corp (FPT), BIDV (BID), Vietinbank (CTG) and Coteccons Construction (CTD), with all going up more than 1 per cent. However, the market rise was restrained by the slump of some heavyweight stocks such as Vinhomes (VHM), Vincom Retail (VRE), PV Gas (GAS) and Hoa Phat Group (HPG). A … [Read more...] about Shares rise on both exchanges, Masan Group recovers after three-day decline

Education for Nature, Vietnam (ENV), has urged heavy sanctions on leaders of wildlife trafficking rings dealing in elephant tusks. From 2010 to 2018, ENV found 150 cases with violations related to elephant tusks, in which the amount of elephant tusks seized by agencies was up to 53 tons. Of these, 30 cases were discovered when ivory was carried to seaports and border gates. In ‘hot spots’ such as Nhi Khe, ivory is no longer traded in the open air, but this doesn’t mean the trafficking has cooled. The police and agencies seized a large amount of ivory last year. More seriously, traffickers now can advertise and sell ivory on line, via social networks, which makes it more difficult to discover trafficking rings. In ‘hot spots’ such as Nhi Khe, ivory is no longer traded in the open air, but this doesn’t mean the trafficking has cooled. The police and agencies seized a large amount of ivory last year. Bui Thi Ha from ENV said Vietnam is not … [Read more...] about Vietnam struggles to crack down elephant ivory trafficking