Vietnam oil petroleum imports

Vietnam considers the US as one of its most important partners and welcomes the US to support a strong, independent, and prosperous Vietnam. Vietnam aims to enhance the Comprehensive Partnership with the US, focusing on mutually beneficial outcomes that generate employment opportunities and growth for both nations. Overview of the meeting. Photos: Nhat Bac “Such an effort would contribute to supporting global and regional stability, cooperation, and development while promoting peace and harmony.” Prime Minister Pham Minh Chinh stressed the remarks during a meeting with a delegation of the US-ASEAN Business Council (USABC) today [March 22]. At the meeting, Chinh welcomed a delegation of over 50 large US enterprises to visit and work in Vietnam, coinciding with the 10th anniversary of the Vietnam-US Comprehensive Partnership (2013-2023). The Prime Minister expressed gratitude to the US Government and businesses for their support in providing vaccines and … [Read more...] about Vietnam continues to push for stronger ties with US: PM

At a Wednesday meeting between Prime Minister Pham Minh Chinh and the delegation of the U.S.-ASEAN Business Council (USABC), the council's president Ted Osius said U.S. businesses consider Vietnam a strategic market and are ready to commit to long-term investments in the Southeast Asian nation. Osius said the delegation were highly supportive of the Vietnamese government’s moves towards a more digital and green society. He also encouraged steps the country has taken in infrastructure development, such as the construction of new highways and metro rail public transit options, the Vietnam Government Portal reported. U.S. ambassador to Vietnam Marc Knapper said the American grouping at the meeting was the largest U.S. business delegation to ever visit Vietnam. He said this confirmed the commitment of the U.S. government and the private sector to support a strong and prosperous Vietnam via cooperation. At the meeting, the delegation proposed new ideas and opportunities for business … [Read more...] about Major US companies laud Vietnam as strategic market

Illustrative image (Photo: VNA) Vientiane (VNA) – The Lao Ministry of Agriculture and Forestry has announced the suspension of pork import s from Vietnam and other countries hit by the outbreak of African swine fever . According to the announcement, Laos will suspend the import of pork, including live pigs and processed products, from Vietnam. Relevant units will monitor illegal import at international, local and international border gates and international airports. Additionally, pork that has been smuggled or illegally imported into Laos must be destroyed. In 2020, Laos suspended the import of pork from China and Thailand after detecting seven outbreaks of African swine fever with 973 dead pigs in Salavan province. Most recently in January, Laos also halted the import of pork from Thailand./. VNA … [Read more...] about Laos suspends pork imports from Vietnam

The two countries officially established diplomatic ties on March 22, 1973, just two months after the Paris Agreement on ending the war and restoring peace in Vietnam was signed. Vietnam will long remember the wholehearted assistance from the Belgian government and people for its post-war reconstruction and recovery efforts. Over the past five decades, bilateral partnerships have flourished in various spheres, particularly politics - diplomacy, trade, agriculture, education - training, science and technology, and development cooperation at the federal, regional, and community levels. Belgium always attaches importance to relations with Vietnam and has established itself as an international partner substantially contributing to the Southeast Asian country’s successes via development cooperation programs. The two sides have also actively coordinated with each other at multilateral forums, especially the United Nations, the Asia - Europe Meeting (ASEM) and ASEAN - E.U. frameworks. … [Read more...] about Vietnam – Belgium traditional friendship receives renewed support

Panasonic Life Solutions Vietnam in Vietnam - Singapore Industrial Park, Binh Duong province. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives. The global minimum tax was Pillar Two of the Organisation for Economic Co-operation Development ( OECD )’s base erosion and profit-shifting (BEPS) framework. To date, the solution drew the participation of over 140 countries and jurisdictions, including Vietnam, which aimed to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate through the establishment of a global minimum effective corporate tax rate of 15% for those with annual revenue of 750 million euros, starting from … [Read more...] about Vietnam to develop policies to adapt to global minimum tax

He made the remark at a meeting with a business delegation of the U.S. - ASEAN Business Council (USABC) in Hanoi on March 21. Highlighting the two countries’ comprehensive and fruitful relations, Minister Dung said the U.S. is currently the second largest trading partner and one of the leading export markets of Vietnam. It is also an important ODA provider and the 11th biggest among the 142 countries and territories investing in the Southeast Asian nation. Vietnam highly values the fruitful investment and business activities of U.S. investors and hopes they will maintain their trust and expand investment, trade, and development cooperation in the country, he noted. The official was of the view that there is huge cooperation potential in the fields of green growth, digital economy, science - technology development, and innovation, adding that Vietnam encourages and prioritizes quality and focus-driven foreign direct investment. The country is also implementing policies to help … [Read more...] about Minister hopes U.S. becomes biggest investor in Vietnam

Deputy head of the Vietnam Meteorological and Hydrological Administration (VNMHA) Hoang Duc Cuong said that the workshop, jointly held by the VNMHA and the Asian Disaster Preparedness Center (ADPC) in response to the World Meteorological Day (March 23), will provide international experiences on forecasting and warning based on practical impacts in the world and Vietnam, contributing to forming processes and measures to effectively forecast disaster impacts in Vietnam at present and in future. At the workshop, the ADPC guided participants on how to build an impact matrix of storms and floods. Participants also discussed the role of disaster forecasting and warning, and emphasized the importance of information on impact-based forecasting in easing damage caused by natural disasters. Senaka Basnayake, Director for the ADPC’s Climate Resilience Department, said that in order to increase urban resilience to climate extremes, it is necessary to understand current and future risks, build … [Read more...] about Workshop highlights importance of impact-based disaster forecasting

Hanoi (VNA) - The 17th World Congress on Engineering Asset Management will take place in Ho Chi Minh City, from 18-20 October 2023. Themed “ Industry 4.0 , Digital Transformation , Society 5.0 and beyond”, the event is hosted and organised by the International Society of Engineering Asset Management (ISEAM), RMIT Vietnam and the Asset Institute. The World Congress on Engineering Asset Management (WCEAM) will bring together academic, policy and industry expertise from diverse economies, geographies, public and private industry sectors to proffer discourse on how to exploit 4IR technologies to sustainably manage engineered assets in a manner consistent with Society 5.0 ideals. The activities, annual meetings, and events of WCEAM provide opportunities for educators, policymakers, practitioners, researchers, and trainers to engage in intellectual discourse on the development and advancement of the body of knowledge and practice of managing engineered assets. It is … [Read more...] about Vietnam to host 17th World Congress on Engineering Asset Management

A garment factory in Vietnam (Photo: VNA) Hanoi (VNA) – Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported. Greening textile and garment production chains is currently a global trend that are compulsory for businesses to achieve sustainability. It is also a requirement placed on manufacturers as the EU, which imports over 4 billion USD worth of textiles and garments from Vietnam annually, has proposed the imposition of some eco-regulations on imports. Major fashion brands in the world are also prioritising green enterprises to place their orders or requesting suppliers to adopt green practices. Facing challenges and strict requirements from the market, many Vietnamese businesses are making changes towards green manufacturing, including upgrading factories and using recycled fabric and green energy. Among … [Read more...] about Textile, garment firms switching to green production

Export turnover of Vietnamese dragon fruit is expected to top 1 billion USD in 2023./. Hanoi (VNA) – The Ministry of Agriculture and Rural Development has announced that the country's total export value of dragon fruit so far this year topped 47 million USD, a fall of 48.7% compared to the same period las year. The fruit has been exported to more than 40 countries and territories with China, India, the US, Thailand and the Netherlands being the biggest import ers. However, in the first two months of 2023, its export saw a slump in some markets such as the Republic of Korea (RoK) and Japan with decreases of 25.9% and 35.4%, respectively year-on-year. However, the export of the fruit is expected to bounce back as China - the biggest importer with 70% from Vietnam - has reopened its door. Export turnover of the fruit is expected to top 1 billion USD in 2023./. VNA … [Read more...] about Dragon fruit export turnover reaches 47 million USD