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The partnership will enable Australian firms to strengthen business links and identify trade and investment opportunities in the energy sector in Vietnam. Australian experts have discussed the energy transition between Vietnam and Australia and introduced new energy technologies and solutions to its Vietnamese partners. Australian energy delegation and Vietnamese partners. Photos: Australian Embassy in Hanoi The discussion, which aims to promote cooperation on renewable energy, is included in a series of activities in Hanoi and Ho Chi Minh City this week launched by the Australian Energy Trade Mission to Vietnam, part of celebrations of the 50th anniversary of bilateral relations. The Energy Transformation Forum was held under the partnership between the Australian Government Trade and Investment Commission (Austrade) and Vietnam’s Ministry of Industry and Trade, and Vietnam Electricity Group (EVN). Like Vietnam, the Australian government has made a … [Read more...] about Australia provides energy expertise to Vietnam

In order to better combat trade fraud activities in the future, the Ministry of Finance is requesting related agencies to soon issue specific criteria for domestically-produced goods. Under Prime Minister Nguyen Xuan Phuc’s instruction in Directive No.824 on tightening state administration against trade frauds, the General Department of Vietnam Customs (GDVC) has been working on perfecting the legal framework and identifying offenses in trading activities. The Ministry of Finance is requesting related agencies to soon issue specific criteria for domestically-produced goods. Photo: Hoai Nam. In terms of legislation, the GDVC has issued specific instructions for provincial customs in dealing with act of trade and origin frauds, illegal transshipment as well as violations of intellectual property rights. Additionally, the GDVC has given priority to training customs staff to ensure greater efficiency in determining cases of frauds in trade. Meanwhile, the … [Read more...] about Vietnam customs steps up fight against origin frauds in trade

Vietnam and China share a long border with the busiest border gates serving trade connections. Vietnam’s top leaders including General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong and Prime Minister Pham Minh Chinh today [March 28] met Wang Ning, party secretary of Yunnan Province, China as part of gestures to strengthen the ties between border areas. General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong (R) and Wang Ning, party secretary of Yunnan Province, China, at the meeting in Hanoi on Mar 28. Photo: VNA Wang Ning is in Vietnam to co-chair a meeting between party secretaries of Vietnam’s Ha Giang, Lao Cai, Lai Chau, and Dien Bien provinces. The meeting is the third of its kind to set goals for cooperation between the localities. At the meeting in Hanoi on March 28, Trong highly appreciated the cooperation and expected Yunnan and Vietnamese border localities to be role models in implementing the consensus … [Read more...] about Vietnam, China enhance border ties

In an interview granted to the Vietnam News Agency on the occasion of the 50th anniversary of the Vietnam - Malaysia diplomatic ties (March 30, 1973 - 2023), the diplomat also said the two countries entered into a strategic partnership in 2015, adding that implementing the Plan of Action (POA) for the 2021-2025 period, both countries are further strengthening bilateral relations and have reaped tremendous benefits. Two-way trade turnover reached some USD 19.4 billion in 2022, a 16% increase compared to 2021. Vietnam was Malaysia’s 12th-largest trading partner last year and fourth-largest in ASEAN, after Singapore, Indonesia, and Thailand. Malaysia and Vietnam should take full advantage of bilateral and multilateral initiatives to boost trade, such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the diplomat said. Regarding investment relations, he said Vietnam remains one of the most … [Read more...] about Vietnam one of Malaysia’s closest partners: Ambassador

At the reception, Ha highly valued JICA’s contribution to the implementation of Japan’s official development assistance (ODA) projects in Vietnam, saying JICA’s programs and projects in Vietnam have realized cooperation agreements between the two countries in a timely manner. The Vietnamese government and people are interested in and make efforts to effectively implement the Japanese ODA loans, the official affirmed. Currently, Japan is Vietnam’s biggest ODA supplier and has played a role in socio-economic development, poverty reduction, environmental improvement, and administrative management in Vietnamese ministries, agencies, and localities, Ha stressed. Recalling the Asia Zero Emission Community (AZEC) Ministerial Meeting in Tokyo held in Tokyo earlier this month which he attended, Ha said he had sidelines meetings with some Japanese leaders and parliamentarians to discuss ways to support Vietnam in just energy transition, carbon neutrality, and climate change response. … [Read more...] about Deputy PM lauds JICA’s contribution to Vietnam-Japan relations

Consul General of Italy in Ho Chi Minh City Enrico Padula realized that when Vietnamese people think about his country, all they know is the 3 Fs: food, fashion, and football. “Italian culture is surely more than that,” the diplomat said during an interview with Tuoi Tre News on the occasion of the 50th anniversary of diplomatic relations between Vietnam and Italy. So what is 'Italy' in your mind? We are heading to a 'mixed' development. Culture, commerce, and sciences in Italy are indispensable. Because all are linked through time, that’s how our fashion segment has developed so successfully. And now, we have technology to join in the aggregate. For example, a car will have the mix of Italian technology and the Italian esthetics that we already have in our architecture and interior design. We are trying our best to introduce and promote the aggregate all together. I think this is one of the best ways to develop. I am sure that Vietnamese people highly appreciate this … [Read more...] about Italian culture more than just food, fashion, football: consul general

Illustrated images. Photo: Le Toan The United States Department of Commerce (DOC) has now issued the sixth extension of the deadline to deliver final findings on the examination of evasion of anti-dumping and countervailing duties on plywood made from hardwood resources imported from Vietnam, according to the Trade Remedies Authority of Vietnam yesterday. The DOC launched a trade remedy into Vietnam's hardwood plywood goods on June 17, 2020, based on claims from the local manufacturing sector, to ensure the effectiveness of trade remedy implemented measures against China's hardwood plywood. On July 25, 2022, DOC published the preliminary results of its inquiry into the avoidance of trade remedies by Vietnamese importers of hardwood plywood. The preliminary finding of the DOC was that Vietnamese plywood with a core composed of peeled Chinese wood would be subject to the same anti-dumping and anti-subsidy taxes as Chinese plywood. Vietnam-origin plywood … [Read more...] about US widens plywood trade remedy inquiry

Recent arrests of Vietnamese flight attendants for carrying undeclared goods and drugs require drastic action. Airline officials will face severe disciplinary action if illegal drug and merchandise trade is reported under their jurisdiction, according to the Civil Aviation Administration of Vietnam. Passengers wait in line for registration and luggage check at Tan Son Nhat International Airport in HCM City. Photo: Huy Hung/The Hanoi Times The action is under the authority's Directive 1480/CT-CHK to prevent flight attendants and ground staff from illegally importing drugs and goods into the country, the authority said in a March 27 website notice. Aviation companies must improve education and training so that employees are aware of the harm and negative impact of smuggling on the nation and domestic economy, the authority added. "They also need to continue to screen those being employed. All those involved in flying must follow the rules," it said. All … [Read more...] about Business executives to face disciplinary action for failure to stop smuggling activities

Minister of Foreign Affairs Bui Thanh Son holds online talks with Chinese State Councilor and Foreign Minister Qin Gang on March 28. (Photo: VNA) Hanoi (VNA) – Minister of Foreign Affairs Bui Thanh Son held online talks with Chinese State Councilor and Foreign Minister Qin Gang on March 28, during which they agreed to intensify all-level exchanges. Both foreign ministers spoke highly of the fruitful development of the relations between the two Parties and countries over the past time, especially after the official visit to China by Party General Secretary Nguyen Phu Trong from October 30 to November 1, 2022. They shared the view that the success of Trong’s visit has given a boost to the traditional friendship between the two Parties as well as the bilateral comprehensive strategic cooperative partnership . Son congratulated the Chinese side on the success of the first session of the 14th National People's Congress (NPC) and affirmed that Vietnam treasures the … [Read more...] about Foreign Minister holds online talks with Chinese counterpart

Han River runs through the central city of Da Nang.  (Photo: VNA) Da Nang (VNA) – The People's Council of Da Nang city has just approved a resolution on the Da Nang city Master Plan for the 2021-2030 period, with a vision to 2050 which will be soon submitted to the government for approval. Accordingly, by 2030, the city expects to achieve an average annual economic growth rate of 9.5-10% and a gross regional domestic product (GRDP) per capita of about 200-220 million VND (8,500 – 9,350 USD) per person. By 2030, the city’s economic development will focus on three pillars, namely tourism, knowledge-based economy, and service centre. Under the master plan, the city also strives to have annual budget revenue increase of 9-11%, and total investment capital for social development by 11-12%. Da Nang city expects to have about 32,000-35,000 jobs created yearly by 2030. (Photo: VNA) The city targets to mobilise about 800 trillion VND in investment capital for social … [Read more...] about Da Nang targets annual growth of 9.5-10% by 2030