Peter Bernhardt, team leader of the ARISE+ Vietnam project Since coming into force in August 2021, the EU - Vietnam Free Trade Agreement (EVFTA) has become an effective tool for boosting trade ties between the EU and Vietnam. What should Vietnam pay attention to in order to benefit more from this deal? I agree that the overall picture of EVFTA performance in this starting period, where exporters and government authorities from both sides have to adapt to the new situation, looks definitely promising. The EVFTA is the most ambitious FTA that the EU has ever signed with a developing country. The deal will mutually lift about 99 per cent of the tariffs within 10 years. Duty was lifted from 65 per cent of EU exports to Vietnam and 71 per cent of Vietnamese exports to the EU, immediately after the EVFTA came into effect. As most Vietnamese exporting products are consumer products, the real challenge Vietnam exporters will face to comply with EU consumer protection regulations is … [Read more...] about EU supporting comprehensive implementation of the EVFTA
Vasep vietnam association of seafood exporters and producers
Vietnamese goods, foods introduced in UK
Representatives cut the ribbons to open the programme. — VNA/VNS Photo A programme to introduce Vietnamese goods and foods in the UK is underway at Longdan Supermarket in Crawley, about 45km south of London. The week-long event, which started on Sunday, is hosted by the Vietnam Trade Office under the Vietnamese Embassy in the UK, in collaboration with the Vietnam Business Association in the UK (VBUK), and Longdan and EUTEK groups. As part of activities in the trade promotion programme of the Vietnamese Ministry of Industry and Trade (MoIT), the event aims to promote high-quality Vietnamese products that are benefiting from the UK-Viet Nam Free Trade Agreement (UKVFTA) to British retailers and consumers. Handicraft products, coffee, fresh and dried fruits, canned fruit juice, vermicelli, dried noodle, rice papers, cashew nuts, and fragrant rice from reputable export enterprises of Viet Nam are being displayed at the supermarket and Vietnamese markets in Nottingham. At the … [Read more...] about Vietnamese goods, foods introduced in UK
☕ Afternoon briefing on June 27
Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on June 27. -National Assembly (NA) Chairman Vuong Dinh Hue met representatives from the Vietnamese entrepreneur community in Europe in Budapest on June 26 evening (local time), as part of his official visit to Hungary. Earlier the same day, NA Chairman Hue visited the Vietnamese Embassy and met Vietnamese people living in Hungary. Read full story -Prof. Dr. Nguyen Xuan Thang, Director of the Ho Chi Minh National Academy of Politics (HCMA) and visiting Australian Minister for Foreign Affairs Penny Wong jointly pressed the button to inaugurate a portal of the Vietnam-Australia Centre (VAC) on June 27. Penny Wong, who is on an official visit to Vietnam from June 26-28, said the VAC will play an important role in enriching the knowledge of future Vietnamese officials trained at the academy, as well as promoting cooperation and strengthening links between the people of the … [Read more...] about ☕ Afternoon briefing on June 27
TCP Group’s CEO announced a new corporate plan
Saravoot Yoovidhya, CEO of TCP Group, announced the new corporate purpose in Vietnam From 2022 to 2024, TCP Group is further driving the organisation towards sustainable business growth and creating a positive impact on society and the environment, locally and globally. "Five years ago, we announced the synergy of our various businesses into TCP Group, and we have been working towards sustainable development goals ever since. Up to now, events like COVID-19 and digital transformation have tremendously affected business, society, and the environment. We, therefore, are revisiting our purpose and strategies in every aspect to prepare for the volatile future and to create growth for the organisation while energising the sustainability of the world with a new purpose, called Energising A Better World For All,” said Saravoot Yoovidhya, CEO of TCP Group. Throughout its over 60 years of operation, TCP Group's priority has been to ensure the development of the economy, society, and … [Read more...] about TCP Group’s CEO announced a new corporate plan
Ben Tre coconut-based dishes set World Record
Ben Tre coconut-based dishes set World Record (Photo: VNA) Ben Tre (VNA) – The World Records Union ( WorldKings ) and the Vietnam Records Organisation ( Vietkings ) on June 27 recognised the 222 coconut-based dishes cooked at an event held in the Mekong Delta province of Ben Tre. The decisions on the recognition were presented to the provincial People’s Committee at the event, which is part of the activities to celebrate Vietnamese poet Nguyen Dinh Chieu’s 200th birth anniversary (1822 -2022). Addressing the event, Vice Chairwoman of the provincial People’s Committee Nguyen Thi Be Muoi said the recognition contributes to promoting Ben Tre’s culture and tourism. 222 coconut-based dishes presented at an event (Photo: VNA) The dishes show the creativity of the chefs to create unique, attractive and healthy dishes. Ben Tre, the country’s largest coconut-producing province, plans to develop more organic coconut farming as the tree is resistant to saltwater and … [Read more...] about Ben Tre coconut-based dishes set World Record
Additional oil spike impacts cannot be ruled out
Marcel Schröder, Economist, Economic Research and Regional Cooperation Department Asian Development Bank At the beginning of the conflict, the crude oil price breached $130 per barrel in March, the highest since 2008. Since then, it retreated to about $100 in April, before rising again to $120 following the European Union’s partial ban on Russian oil in May. Some worry that the oil price could spike to $200 per barrel in the coming months and how such a shock would impact the economic prospects of Asia’s developing countries. While many institutions, including ours, project a significantly higher oil price in 2022 compared with 2021, these predictions do not foresee $200 per barrel because they attach a low probability of a sudden shock to the global oil supply. A sudden shock is unlikely given the EU’s decision to gradually phase out Russian oil imports by the end of 2022, allowing an orderly transition to alternative supplies and keeping prices stable and affordable for … [Read more...] about Additional oil spike impacts cannot be ruled out