Vietnam china asean

The shoe factory of the Ha Tay Chemical Weave Co. Ltd in Hanoi's Ba Vi district (Photo: VNA) Hanoi (VNA) – With a record trade surplus of 9.12 billion USD over the first 11 months and year-on-year export growth of 7.8 percent, experts believe that 2019 will be the fourth straight year Vietnam will post a trade surplus. According to the Export-Import Department under the Ministry of Industry and Trade, the country shipped 241.42 billion USD worth of goods abroad between January and November, up 7.8 percent from the previous year.  That included 74.72 billion USD exported by domestic businesses and 166.7 billion USD (including crude oil) from foreign invested firms, rising 18.1 percent and 3.8 percent, respectively. The domestic sector’s proportion of total export revenues also increased to 30.95 percent from 29.16 percent. Meanwhile, imports have reached 232.31 billion USD so far this year, up 7.4 percent year on year. The figure includes 98.2 billion USD by … [Read more...] about Vietnam likely to post trade surplus for fourth straight year

  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

The Vietnamese Deputy Defense Minister also had talks with other high-ranking officials of the host country, including Defense Minister Delfin N. Lorenzana, National Security Adviser Hermogenes Cendana Esperon Jr., and Executive Director of the Cabinet Cluster on security, justice, and peace at the Office of the Presiden, Emmanuel T. Bautista. During the dialogue and talks, Filipino officials highly appreciated the visit to the Philippines by the Vietnamese military delegation, led by General Vinh. They emphasized that the bilateral defense cooperation has contributed considerably to expanding the strategic partnership and stressed that Manila prioritizes cooperation in all spheres, including the defense sector, with Hanoi, as the two countries share many common strategic interests and challenges. Senior Lieutenant General Nguyen Chi Vinh (L) and Filipino Defense Minister Delfin N. Lorenzana The host officials took this occasion to express a deep thanks to … [Read more...] about Vietnam, Philippines seek to expand defense ties

During a reception in Hanoi on December 6 for OIF Secretary General Louise Mushikiwabo, Binh said as an active Francophone member in Asia-Pacific, Vietnam will keep working to increase Francophone presence in the region, especially launching initiatives to enhance collaboration between Francophone countries in Africa and those in the region, as well as between OIF, the Union of African States and the Asia-Pacific, and with ASEAN in particular. He affirmed that Vietnam highly values the OIF’s efforts to seek solutions to political conflicts in its member countries, build trust, expand solidarity and joint work in economy, culture and languages. Permanent Deputy Prime Minister Truong Hoa Binh (R) and OIF Secretary General Louise Mushikiwabo Vietnam wants the OIF to continue building and implementing people-oriented policies, encourage the active involvement of Francophone businesses, women and youths in economic cooperation while promoting South-South cooperation … [Read more...] about Vietnam commits to partnering with OIF member states: Deputy PM

Of the above figure, shrimp exports are expected to rise 26% to US$4.8 billion, tra catfish (up 10% to US$2 billion) and tuna and other seafood products (up 22% to US$3.3 billion). To this end, the seafood sector has to step up trade promotion, advertise the image of Vietnamese seafood products in international markets, overcome anti-dumping duty barriers on shrimp and tra catfish in the US market and ensure sustainable sources of domestic seafood. Despite a demanding target of nearly US$5 billion in shrimp export value, the sector believes in its success thanks to stable market demand and world prices. Shrimp exports jumped 20.2% to US$743 million in the first quarter of this year with top ten importers as the EU, the US, Japan, China, the Republic of Korea (RoK), Australia, Canada, ASEAN, Taiwan, and the Switzerland, who accounted for 89.3% of Vietnam’s total shrimp export value. The EU remains the largest consumer of Vietnamese shrimps, making up 18.2% of the total export … [Read more...] about Seafood exports target US$10 billion this year