Vietnam targets china manufacturers after eu trade green light

Vietnam is willing to hold trade talks with the United States to timely solve arising problems regarding a U.S. anti-circumvention investigation into steel pipe products imported from the Southeast Asian country. Le Thi Thu Hang, spokesperson of the Vietnamese Ministry of Foreign Affairs, made the statement at a regular press briefing in Hanoi on Thursday following reports that the U.S. officially initiated an investigation into the case. Hang affirmed that the Vietnam-U.S. comprehensive partnership has witnessed progress in all fields in recent times, including in economy, trade, and investment. Vietnam is the leading trade partner of the U.S. in Southeast Asia, while the U.S. is the second-largest trade partner of Vietnam, with two-way trade turnover exceeding US$110 billion in 2021. “Vietnam advocates promoting economic, trade, and investment cooperation with the U.S. on the basis of freedom, fairness, and mutual benefits in accordance with bilateral agreements and … [Read more...] about Vietnam ready for talks with US on tax evasion investigation into Vietnamese steel pipes

Vietnamese and Polish businesses exchange cooperation opportunities at a networking event on Thursday in HCM City. — VNA/VNS Photo Viet Nam appreciates Poland’s continued support in pushing for the EU’s early ratification of the EU-Viet Nam Investment Protection Agreement (EVIPA) and removal of the EC’s “yellow card” warning against Viet Nam’s fishing industry. Speaking at a networking event on Thursday, Nguyen Huu Nam, deputy director of the Viet Nam Chamber of Commerce and Industry (VCCI) in HCM City, said these developments would help expand Viet Nam-Poland trade and investment relations. The European Parliament (EP) recently passed a report on its Indo-Pacific strategy in the area of trade and investment, stressing the importance of the EU’s free trade agreements with partners in the region. The report called on EU members to ratify the EVIPA so that it can take effect early and create optimal conditions for promoting the EU’s investment in the region and Viet Nam. … [Read more...] about Viet Nam, Poland to expand trade and investment ties

China Homelife Vietnam has more than 160 leading Chinese manufacturers and suppliers participating in an area of ​​4,500m2, displaying products in 4 main categories: household appliances, consumer electronics, textiles, building materials- interior. This event will be a commercial rendezvous to help Vietnamese businesses connect with Chinese partners through a combination of face-to-face and online. By this form of combined exhibition, Chinese enterprises still display their latest products at the booth for customers in Vietnam to experience and feel new trends, and at the same time, the online meetings will be conveniently held at the booth to support effective communication and negotiation. Chinese enterprises participate in exhibitions remotely via video conference system to negotiate business online with customers in Vietnam. The exhibition is expected to welcome 4,500 trade visitors and nearly 5,000 business meetings during its three-day opening. China Homelife is a … [Read more...] about China Homelife exhibition to open in Vietnam for the first time

At the end of July, Samsung Electronics announced the first shipment of 3-nanometer semiconductors, the first of its kind worldwide. The move marks an important milestone in the race to develop the most advanced and efficient chip in the market. Tungsten riches not yet in grip of giants, illustration photo/ freepik.com The advancement in the sophisticated chipmaking technology, which helped Samsung beat foundry rival TSMC of Taiwan, is expected to bring the group more customers looking for powerful chips that enable smaller, faster, and more efficient technology products. TSMC and Samsung have been engaged in intense competition to overtake each other by introducing the most cutting-edge and effective chips to the market and gaining clients for contract chip manufacturing. In the first quarter of this year, the worldwide foundry market was dominated by TSMC with 53.5 per cent of the market share, followed by Samsung with 16.3 per cent, according to industry tracker … [Read more...] about Tungsten riches not yet in grip of giants

Phan Quang Vinh, head of Marketing for RX Tradex, said that in addition to annual activities, the Vietnam Electronics Forum 2022 is a focal event before Vietnam’s only SMT Exhibition on Testing Technologies, Equipment and Supporting Industries for Electronics Manufacturing (NEPCON Vietnam), which is scheduled to take place from September 14-16. It will feature electronic components, cell phone components, flat panel display modules, applications, automotive components, component manufacturing technology and more. The forum is part of a series of events and practical activities to support electronics firms in production, market expansion, access to international business opportunities and participation in global supply chains. As the COVID-19 pandemic is brought under control and trade and production activities are recovering, the exhibition will provide opportunities for Vietnamese electronics firms to meet potential partners from all over the world and learn new market trends. … [Read more...] about Major electronics show scheduled in Hanoi

At the event entitled Hanoi-Vientiane (Laos) Cooperation for Mutual Development, businesses from the two sides agreed to boost cooperation in manufacturing investment, tourism, transport, hotels, agriculture, and high-tech agriculture. Director of Hanoi Centre for Investment , Trade, and Tourism Promotion (HPA) Nguyen Anh Duong said that the centre will organise programmes in Vientiane to create opportunities for businesses from the two countries to increase investment cooperation and tourism promotion. At the conference in Hanoi on August 10 According to the Hanoi Department of Planning and Investment, in the first six months of 2022, Hanoi’s export turnover to Laos reached $74.8 million and the import value hit $98.3 million. The HPA will organise programmes in Vientiane to create opportunities for businesses from the two countries to increase investment cooperation and tourism promotion. The exhibition highlighting the solidarity and … [Read more...] about Hanoi and Vientiane seek to strengthen cooperation

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges