Vietnam india defence cooperation

More than 80% of rice varieties in Vietnam are fragrant high-quality rice, which is an important factor that helps increase Vietnamese rice's value and accessibility to markets.(Photo: VNA) Hanoi (VNA) – Vietnam’s rice export is forecast to continue reaping successes this year as the world's rice prices remain high at least in the short term as global economic and political uncertainties have resulted in a high demand for rice reserves, according to experts. According to the Vietnam Food Association, by the middle of last month, Vietnam earned nearly 115 million USD from exporting more than 226,000 tonnes of rice, an increase of over 41% in terms of both volume and value compared to the same period last year. The country exported ST24 and ST25 rice to the Middle East region with a record-high price of 1,000 USD per tonne, doubling the price of normal white rice. Vietnamese rice further penetrated demanding markets like Japan and the EU. According to experts, more than 80% … [Read more...] about Vietnam’s rice export forecast to enjoy another successful year

During the year, Vietnam’s exports to India topped 7.9 billion USD, up nearly 27% year-on-year. Among its export items , mobile phones and accessories posted the highest turnover with 1.5 billion USD. Computers, electronics and parts came next, and they were followed by machinery and equipment. Other staples with the highest value increase were coffee, iron and steel and footwear. Meanwhile, Vietnam imported over 7 billion worth of goods from India last year, a yearly hike of 2%. Its major import commodities from the market were iron and steel with nearly 775 million USD, machinery and equipment and ordinary metals. India is Vietnam’s leading provider of aquatic, garment and textile, leather and pharmaceutical materials. The 1.4-billion-strong Indian market has diverse demands with various market segments - a good condition for Vietnamese exporters. Besides trade, bilateral cooperation in tourism and investment also grew with the resumption and launch of direct … [Read more...] about Vietnam’s trade with India hits record in 2022

Vietnam officially set up diplomatic relations with Trinidad and Tobago on Wednesday, taking the number of countries that Hanoi has diplomatic ties with to 192. According to the Ministry of Foreign Affairs, Ambassadors Dang Hoang Giang and Dennis Francis Smith, heads of the delegations of Vietnam and Trinidad and Tobago, respectively, to the United Nations (UN), signed a joint communiqué on the diplomatic tie establishment on behalf of the two governments at the UN headquarters in New York. The two sides agreed to exchange diplomatic representatives at the ambassadorial level under the 1961 Vienna Convention on Diplomatic Relations. On the same day, the joint communiqué was sent to UN Secretary General Antonio Guterres for circulation and to UN member countries for information. With the diplomatic ties with Trinidad and Tobago, Vietnam has had official diplomatic relations with all 35 countries in the Americas and 190 out of the 193 member countries of the UN, proving the … [Read more...] about Vietnam establishes diplomatic ties with Trinidad and Tobago

In an interview granted to the Vietnam News Agency’s correspondents in Vientiane, Boviengkham Vongdara, member of the Central Committee of the Lao People's Revolutionary Party (LPRP), Minister of Science and Technology of Laos, and President of the Laos - Vietnam Friendship Association (LVFA), highlighted Vietnam's major achievements under the CPV leadership through different periods, including the declaration of independence in 1945, the victories against the French colonialists and the U.S. imperialists between 1945 and 1975. He also spoke highly of the reunification of the country in 1975, and the post-war national construction and recovery after 1975. He said that the most outstanding success of the Party is its leadership over the “Doi Moi” (Renewal) cause, switching from a subsidized economic model to a socialist-oriented market economy, helping bring the country’s economy into the contemporary era. He noted that last year, despite COVID-19 impacts and difficulties from the … [Read more...] about Lao official highlights Vietnam’s successes under CPV leadership

Addressing the event, Sieu said member countries’ tourism reopening last year signified a strong recovery of the sector. Vietnam welcomed 3.5 million international visitors in 2022, with ASEAN named the country’s leading tourist market in terms of recovery speed, he added. The official affirmed that Vietnam always welcomes proposals from ASEAN member states to learn, share and explore the potential for further cooperation in the field of festival tourism. In the second half of this year, Vietnam plans to organize a regional conference on festival tourism, he unveiled. The conference focused on reviewing reports of the bloc’s four tourism cooperation committees, and approving a number of documents including the final drafts of standards and toolkit for the MICE (Meetings, incentives, conferences and exhibitions) and event organization profession, among others. Participants also discussed preparations for a series of functions such as the 26th ASEAN Tourism Ministers’ Meeting; … [Read more...] about Vietnam attends meeting of ASEAN National Tourism Organizations

The website suggested newlyweds can spend their unforgettable honeymoon in the “pearl island” of Phu Quoc, the ancient town of Hoi An or Ha Long Bay - the UNESCO world heritage site without hurting their wallet. According to the website, the top 10 budget-friendly getaways allow visitors to count their pennies without compromising on the once-in-a-lifetime experience. Indeed, they can experience a dynamic culture and delicious cuisine during their first adventure as newlyweds. Lonely Planet stressed that Vietnam is something of a street-food heaven, adding that visitors must sample the country's signature dishes, such as Pho bo (beef noodle soup), Bun cha (a type of barbecued pork with rice noodles), and Banh mi, a local type of baguette. “A mid-range trip won’t break the bank either, but will buy more characterful guesthouses, a better Ha Long Bay cruise and memorable experiences (a cookery class, a cycle around Hoi An) with change left for a beach stay on beautiful Phu Quoc … [Read more...] about Vietnam among top best places to go for budget honeymoon

UK Minister of International Trade Greg Hands visited Vietnam on Wednesday to explore trade cooperation opportunities between the two countries. His visit came amidst the UK’s pursuit of full membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2023. Vietnam is the first stop on the minister’s three-day trip to three Southeast Asian countries, all of which are founding members of the partnership. During an exclusive interview with Tuoi Tre News , Hands emphasized what the UK can offer the CPTPP, as well as discussed the UK’s strong strategic partnership with Vietnam. In a speech at Lancaster House on January 23, UK Trade Secretary Kemi Badenoch outlined five priorities for trade. What are your priorities as the Minister of State for Trade Policy? My personal priorities are, first, to get the UK into the CPTPP. Vietnam will play a crucial role in that progress. My second priority is to do a free trade agreement with India this … [Read more...] about UK joining CPTPP a fundamental change to the bloc: minister

The rendering of Lai Xuan Bridge. (Photo: nhandan.vn) Hai Phong (VNA) - The northern port city of Hai Phong commenced construction on Lai Xuan Bridge, connecting it with Quang Ninh province across Da Bach River, with a ceremony on February 2. The 1.33 trillion VND (56.9 million USD) project also includes the upgrade and expansion of a 14km-long provincial road linking Hai Phong’s Thuy Nguyen district and Quang Ninh’s Dong Trieu town. The project is part of a cooperation programme on comprehensive development that the two localities signed in 2009. Lai Xuan Bridge will be 840m long and 12m wide while provincial road 352 will have its width expanded to 12m to match the bridge. According to Hai Phong officials, Lai Xuan Bridge and the upgraded road will enhance transport connectivity between Hai Phong and Quang Ninh and promote local socio-economic development. The project is scheduled for completion in 2024./. VNA … [Read more...] about Work begins on bridge linking Hai Phong and Quang Ninh

-What do you think about local garment firms’ inability to dominate the domestic market of 100 million people here in Vietnam? - Vietnamese textile and garment enterprises are still [only beginning to] tap the domestic market. Last year, the domestic market increased by 40% against 2021. Local enterprises performed very well in the first half of last year and began to face difficulties in the third quarter. In the fourth quarter, many good Vietnamese brands like Viet Tien saw sales decrease. In late 2022, the Vinatex Fashion Center retail outlet in Hanoi made revenues of only VND500-600 million ($21,200-25,400) a day, compared with daily revenues of over VND1 billion in previous years. Over the past two years, many domestic fashion brands have reduced their number of stores and limited new openings. They have had to focus on certain locations to reduce costs, optimize operations and try to offer products that are most suitable to consumers’ incomes.In fact, domestic … [Read more...] about Garment firms should tap niche markets: Vinatex chairman