China tempts Britain with free trade, says door to U.S. talks openThe Saigon Times Daily Britain's Foreign Secretary Jeremy Hunt (L) shakes hands with China's Foreign Minister Wang Yi after a joint news conference at the Diaoyutai State Guesthouse in Beijing, China July 30, 2018 – PHOTO: REUTERS BEIJING (REUTERS) - China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington, even as a senior Chinese diplomat reiterated its door remained open for dialogue. China has been looking for allies in its fight with the United States, initiated by the Trump administration, which says China's high-tech industries have stolen intellectual property from American firms and demanded Beijing act to buy more U.S. products to reduce a US$350 billion trade surplus. Britain has pushed a strong message to Chinese companies that it is fully open for business as it prepares to leave … [Read more...] about China tempts Britain with free trade, says door to U.S. talks open
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Toyota Motor Corp (7203.T) and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said. FILE PHOTO - A delivery truck enters gate three at the Toyota Motor Manufacturing Plant, home of the Toyota Camry, Avalon and Venza, in Georgetown, Kentucky, U.S. on January 27, 2010. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers, and will employ about 4,000 people when it opens in 2021, the person said. A new auto plant would be a major boost to U.S. President Donald Trump, who campaigned on promises to increase manufacturing and expand employment for American autoworkers. The source, who was not authorized to speak to the media and requested anonymity, said the plant in a … [Read more...] about Toyota to build $1.6 billion U.S. plant with rival Mazda: source
HSG to export rolled steel sheets to U.S.Hong Phuc By Hong Phuc - The Saigon Times Daily HCMC – Hoa Sen Group (HSG) has secured an order to export 20,000 tons of rolled steel sheets to the U.S., the first such big shipment of Vietnam bound for the American market. Delivery is set for next Monday. The shipment worth US$10 million will be delivered at SP-SSA International Terminal (SSIT) in the southern province of Ba Ria-Vung Tau. Le Phuoc Vu, chairman of HSG, said the U.S. market has strict requirements for quality, service, and delivery. The group started selling products to America in 2014 but has stepped up exports since September last year. Vu said the shipment will mark an important milestone in export activity of HSG in particular and Vietnam’s steel sheet industry in general. Vu expects that the Trans-Pacific Partnership (TPP) agreement will open up export opportunities for enterprises in 12 Pacific Rim countries, including Vietnam. In the fiscal year 2014-2015, HSG … [Read more...] about HSG to export rolled steel sheets to U.S.
The Vietnam-U.S. Business Forum, besides acting as a connecting bridge between the two countries, is also an official information channel for the business community to contribute their points of view to the both Governments' policies with the objective of building a more favorable business investment environment. Would you please describe the major functions and mission's orientation of the Forum? In supporting the business communities of both countries, a key priority of the Forum is to bridge the gap of bilateral information, including collating market opportunities and trends, the meeting and sourcing of business partners and collaboration opportunities. In a global world that we live in with masses of information and misinformation via multiple media platforms such as the internet, television and print, Forums such as this provides an essential source of hands on, qualified information from industry leaders and the ability for businesses to have direct access to information and … [Read more...] about Vietnam-U.S. Business Forum: Official Information Channel for Business Community
Thai textile and garment companies unable to reach free-trade in America want to open factories in Viet Nam in order to tap the U.S. market, according to the Vietnamese Trade Office (VTO) in Thailand. Thai companies said their competition in the U.S. market will face many difficulties as Thailand has yet to sign a Free Trade Agreement (FTA) with the U.S. this year. Setting up factories in Viet Nam, Thai companies can enjoy low labor costs, about 20-30 percent lower than in Thailand. In addition, Viet Nam's impending entry into the World Trade Organization (WTO) and plan for reaching an FTA with the U.S. will facilitate U.S. market access for Thai companies operating in Viet Nam. … [Read more...] about Thailand to Tap U.S. Market via Viet Nam