Us china trade talks

  Officers of Cốc Nam Customs Department in Lạng Sơn Province, which shares a border with China, perform a check on imported products. — VNA/VNS Photo Hoàng Hùng HÀ NỘI — Economic and trade relations between Việt Nam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Việt Nam is fast becoming an attractive investment destination for Chinese enterprises. According to the Foreign Investment Agency under the Ministry of Planning and Investment, China invested about US$1.6 billion in Việt Nam in the first fourth months of this year, making it the country’s fourth largest source of foreign investment. Several large projects were funded by Chinese investors in the period including a tire manufacturing project with total registered capital of $280 million in the southern province of Tây Ninh and another tire … [Read more...] about Việt Nam, China trade ties continue to develop

Tens of thousands marched in the Spanish capital Madrid to demand climate action at the UN talks (AFP / OSCAR DEL POZO) A day after tens of thousands marched in the Spanish capital demanding climate action, seven environmental groups raised concerns to AFP over the role of fossil fuel representatives at the COP25 summit. Under the 2015 Paris Agreement, nations agreed to limit global warming to "well below" two degrees Celsius (3.6 degrees Fahrenheit) and as close to 1.5C as possible. The UN's top science panel says that 1.5C would require a radical drawdown in fossil fuel usage. Delegates are gathered in Madrid negotiating how to implement the Paris pledges. The summit was moved at short notice after domestic unrest forced original host Chile to cancel. Spanish energy giants Endesa and Iberdrola stepped in to sponsor the conference, which brings together more than 20,000 negotiators, scientists, NGOs and journalists from around the world. AFP has been told that each company paid 2 … [Read more...] about Fossil fuel groups ‘destroying’ climate talks: NGOs

Shrimp is a strong export to Australia According to the Ministry of Industry and Trade, in 2008, Vietnam exported goods worth US$4.591 billion to Australia, but a decade later exports declined to US$4.5 billion in 2018. In the first nine months of this year, exports to this market dropped five percent to US$2.5 billion compared to the same period last year. Australia became the 13th largest importer of Vietnamese goods, lagging far behind the US, China, Japan, and the Republic of Korea (RoK). The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) came into effect in 2010, but businesses in Vietnam and Australia face difficulties in building up sustainable partnerships, largely due to Australia having the most stringent quarantine and product safety regulations in the world. It also maintains many strict technical barriers, making access to its market difficult. Thus, while Australia imported an average amount of such Vietnamese export staples as shoes, garments and … [Read more...] about Vietnam’s fruit, seafood exporters up against tough Australian rules

Construction company Becamex IDC Corp has been cautious about this year’s business targets. Photo batdongsan.com.vn   Compiled by Thiên Lý Construction company Becamex IDC Corp has been cautious about this year’s business targets. Its consolidated turnover target is only VNĐ1.226 trillion (US$53.3 million), or 96 per cent of last year’s figure, and after-tax profit target is VNĐ252 billion, only 8 per cent higher than last year. In a document already sent to the company’s shareholders ahead of the annual general meeting, its general director, Đỗ Quang Ngôn, explained the reasons for setting such moderate growth targets. He said the real estate market is facing an imbalance between supply and demand in certain segments, and credit to the property sector is drying up. Externally, the global economy is expected to see a lot of volatility this year and likely to have a strong impact on the Vietnamese economy, he said … [Read more...] about Companies follow Government lead, set cautious growth targets

The activities of Chinese vessels in Vietnam's waters have seriously violated international law and gone against agreements reached between senior leaders of the two countries. President of the Vietnam Society of International Law (VSIL) Dr. Nguyen Ba Son President of the Vietnam Society of International Law (VSIL) Dr. Nguyen Ba Son has sent an open letter to the President of Chinese Society of International Law (CSIL) Prof. Huang Jin. The letter stated that the activities of the HD8 and other Chinese vessels in Vietnam’s waters seriously violated international law, especially the 1982 UN Convention on the Law of the Sea (UNCLOS), and was contrary to agreements between the leaders of the two countries, negatively affecting the traditional friendship between the Vietnamese and Chinese people. Dr. Nguyen Ba Son wrote his open letter to his Chinese counterpart: “I will not talk about the sovereignty issue over Hoang Sa (Paracel Islands) and Truong Sa (Spratly Islands), … [Read more...] about Operations of Chinese vessels are against agreements between Chinese and Vietnamese leaders