Vietnam germany trade

Vietnamese Ambassador to Germany Vu Quang Minh (R) and Parliamentarian Andreas Scheuer (Photo: VNA) Hanoi (VNA) – Vietnamese Ambassador to Germany Vu Quang Minh on June 22 had a working session with Parliamentarian Andreas Scheuer, President of the Asian Bridge Initiative programme, on prospects for strengthening cooperation between Vietnam and the European Union (EU) in general, and Germany in particular. The two sides agreed that there remains large room to develop bilateral cooperation between Vietnam and Germany , especially in the economic field. They emphasised the importance of strengthening the exchange of all-level delegations, including business delegations, in order to bring information about the potential of Vietnam and Vietnamese businesses closer to partners in Germany and Europe in general. Scheuer, who is also former German Federal Minister of Transport and Digital Infrastructure, affirmed that the executive board of the programme wishes to further … [Read more...] about Large room for Vietnam, Germany to boost cooperation: parliamentarian

Germany helped Vietnam initiate its Smart Grid roadmap in 2017 when the Southeast Asian country did not yet have a complete energy transition concept and had not yet committed to net zero. Germany has a strong interest in supporting sustainable development in middle-income countries such as Vietnam, focusing on policy development, capacity improvement, and the promotion of technology cooperation and transfer. Smart Grid in Vietnam. Photos: GIZ The idea has been raised by Tobias Cossen, Programme Director of the GIZ Energy Support Programme (ESP), a partnership established in 2013 between Vietnam’s Ministry of Industry and Trade (MOIT) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH after the two countries listed energy one of their cooperation priorities since. ESP, which focuses on renewable energy and energy efficiency, aims to contribute to Vietnam’s emissions reduction strategy and green growth strategy by improving the … [Read more...] about Vietnam – Germany, dynamic duo for energy transition: GIZ

Workers process pineapple for export at the factory of the An Giang Agriculture and Food Import - Export Company. (Photo: VNA) Hanoi (VNA) – Vietnam has recorded impressive growth in exports to Hungary in recent years, statistics showed. Exports from Vietnam to Hungary increased eight-fold to 1 billion USD in 2020 from 124.2 million USD in 2016. The figure stood at 842.7 million USD in the first 10 months of 2021, up 5% year on year, according to data from the European country. Though shipments of agricultural and food products remain modest, the revenue posted a strong increase in the recent past as seen in some key exports. Vietnam exported almost 4.4 million USD worth of processed coffee to Hungary in 2020, surging 38-fold from four years earlier, and 7.13 million USD during January - October of 2021, up 85.6% year on year. Cashew nut exports grew 27.7% to nearly 2.4 million USD in 2020 compared to 2016, and 11.6% year on year to 2.2 million USD in the first 10 … [Read more...] about Vietnam’s exports to Hungary on the rise

Passion fruit is among Vietnam’s top 10 fruits with the highest export earnings. China’s customs have authorized the import of passion fruit from Vietnam from July 2022, the first time for this kind of fruit, which is listed among Vietnam’s top 10 fruits with the highest export earnings. The fruit would be shipped through the Pingxiang border gate, Dongxing City, Guangxi Province, China. Passion fruit is one of Vietnam's top 10 fruits with the highest export earnings. File photo Chinese customs asked Vietnamese agencies to meet regulations on production management and phytosanitary, the Global Good Agricultural Practice (GlobalGAP) and the Vietnamese Good Agricultural Practice (VietGAP). Vietnam’s Ministry of Agriculture and Rural Development (MARD) is in charge of supervising the quality and connecting exporters. Over the past five years, Vietnam’s export of passion fruit has seen a rise of more than 300% in terms of quantity and value, listing Vietnam … [Read more...] about China starts importing Vietnam passion fruit

The State leader hailed the contributions by Rosler to the Vietnam-Germany strategic partnership either as a German politician in the past or a business leader and Vietnam’s Honorary Consul in Switzerland at present. Noting the fast recovery of tourism in Vietnam, President Phuc said he hopes more and more tourists and businesses from Europe will come to Vietnam. According to the President, although the EVFTA has opened up opportunities for trade and investment ties between Vietnam and Germany and Switzerland, bilateral trade between Vietnam and those countries decreased in 2021 due to the pandemic. Phuc urged the three countries to act to further bolster economic, trade and investment cooperation. He asked Rosler to continue working to promote the Vietnam-Germany strategic partnership and the Vietnam-Switzerland friendship and collaboration, particularly the early signing of a free trade agreement between Vietnam and the European Free Trade Association (EFTA). He added that he … [Read more...] about President hosts Honorary Consul of Vietnam in Switzerland

" Rediscover Vietnam ” is co-held by Thien Minh Group and national flag carrier Vietnam Airlines for travel promotion in Australia. (Photo: VNA) Sydney (VNA) – The Government of Vietnam has reopened its borders to welcome travellers from Australia, New Zealand and other countries to Vietnam, Vietnamese Ambassador Nguyen Tat Thanh told a trade and travel promotion conference in Australia on June 28. travel promotion events held in multiple countries, including the UK, Germany, France, the US, Japan and the Republic of Korea. The Vietnamese diplomat pledged to provide all possible conditions for Australian travellers and travel agencies to gain access to the Vietnamese market and explore the Southeast Asian country. The airline is operating seven direct flights connecting Vietnam and Australia weekly. The number of flights will be increased to 11 in July and 16 in October, he added. VNA … [Read more...] about Travel promotion “Rediscover Vietnam” held in Australia

Nearly 500 tons of "Com Vietnam Rice" exported to the EU. (Photo: VNA) Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, the group has exported around 30,000 tons of rice to the EU. It was the first time the rice was exported under its own brand name, instead of those by importers in the previous shipments, according to Loc Troi. Loc Troi Group CEO Nguyen Duy Thuan said the consignments, which mostly consist of fragrant rice, have left Vietnam and will arrived in Germany, the Netherlands and France in July. The grain will be available at France-based Carrefour, the Europe’s largest retailer and wholesaler, he said. The shipment, though not large, marks the start of the group’s journey to conquer the global market, he added. Loc Troi Agricultural Products JSC (LTA), the agricultural arm of Loc Troi Group, owns 26 factories capable of milling over 22,000 tons of rice per day. The group has been collaborating with a network of numerous cooperatives and more … [Read more...] about 500 tons of Vietnamese-labelled rice exported to EU

Always an alluring event for the engineering and manufacturing community On its 18 th return, MTA Vietnam 2022 - a prestigious international exhibition on machine tools, precision mechanics, and metalworking - will take place over four days from July 6 to 9 at the Saigon Exhibition and Convention Centre, 799 Nguyen Van Linh Road, District 7, Ho Chi Minh City. This exhibition is expected to provide value and interesting experiences for individuals and enterprises in the engineering and manufacturing industry. MTA Vietnam allures many enterprises and groups During their visit to the MTA Vietnam 2022 exhibition, attendees will have the opportunity to meet more than 250 prestigious exhibitors from within the country and 12 other nations and territories around the world that are considered the powerhouses of advanced technology such as Germany, the US, the UK, Japan, South Korea, Sweden, Switzerland, China, Singapore, Taiwan, Thailand, and Hong Kong, among … [Read more...] about MTA Vietnam: An exhibition of interest to the engineering and manufacturing community

Denmark’s LEGO recently poured a green investment worth over US$1.3 billion into Vietnam. (Source: baodautu.vn) The strategy for 2021 - 2030, signed off by Permanent Deputy Prime Minister Pham Binh Minh, aims at raising capital flows from countries and territories in certain regions to over 70% of total foreign investment in Vietnam during 2021 - 2025 and 75% during 2026 - 2030. The targeted partners include the Republic of Korea (RoK), Japan, Singapore, China, Taiwan (China), Malaysia, Thailand, India, Indonesia, and the Philippines in Asia; France, Germany, Italy, Spain, Russia and the UK in Europe, and the US. This strategy also looks to raise the number of multinationals listed in Fortune Global 500 operating in Vietnam by 50 percent. According to Dau tu (Vietnam Investment Review), the Foreign Investment Agency under the Ministry of Planning and Investment has held a working session with Intel. Details about this meeting haven’t been revealed, but it was likely about the … [Read more...] about Vietnam looks forwards to stronger investment from US, Europe

Vietnam exports nearly 2.77 million tonnes of milled rice in the first five months of 2022. (Photo: VNA) Hanoi (VNA) – As many countries in the world have limited food exports to guarantee domestic food security , rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters. Vu Thi Hue, head of the export - import division of the Dai Duong Xanh Export - Import Co. Ltd, said while lower wheat output and higher production costs have forced many countries to seek alternatives, rice is a suitable choice with good prices. So a bright prospect could be seen for both export volume and prices in the time ahead. In the first five months of 2022, nearly 2.77 million tonnes of milled rice worth over 1.35 billion USD were shipped abroad, rising 6.6% in volume but declining 4% in value year on year, according to preliminary data from the General Department of Vietnam … [Read more...] about Bright outlook predicted for rice exports