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Vietnam tobacco import export company

/ March 2, 2021

Vietnam making every effort to fight IUU fishing

Illustrative image (Photo: VNA) HCM City (VNA) - The Ministry of Agriculture and Rural Development (MARD) has urged localities to adopt drastic measures to fight irregular, unreported and unregulated (IUU) fishing. All Vietnamese fishermen, businesses, and local authorities must consider this an important and urgent task to affirm the prestige of Vietnam’s fisheries sector in the world and among countries it shares territorial waters with, and be resolved to meet the standards set by the European Commission (EC). Since the EC gave a “yellow card” warning to Vietnam’s fisheries and seafood in the European market in October 2017, the entire sector has suffered marked losses. Tran Dinh Luan, head of the ministry’s Directorate of Fisheries, said it is necessary to prevent, deter, and eliminate IUU fishing in order to remove the “yellow card” warning, develop fisheries responsibly, and integrate into the world. This is also the guideline of the Party and State, as reflected through the Law on Fisheries. Since the imposition of the EC warning, Vietnam’s fishery export value to Europe has fallen by between 6 and 10 percent annually. From being the second-largest importer of Vietnam’s seafood, with value representing 17-20 percent of Vietnam’s total export revenue, the EU now ranks fifth, after Japan, the US, the Republic of Korea (RoK), and ASEAN. The Government and the National Steering Committee on IUU Fishing Prevention have issued a range of documents instructing ministries, agencies, and People’s Committees in 28 coastal cities and provinces to drastically take preventive measures. The MARD has conducted regular inspections in localities. The EC has highly valued Vietnam’s political determination to implement its recommendations in this regard. Vietnam has openly and transparently announced the results of inspections of seafood exports to the EU and has completed a legal framework that serves as a foundation to materialise relevant …

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/ October 8, 2020

Vietnam, India see huge export potential ahead for farm produce

Shubhra made the comments during a teleconference on October 7 that was jointly hosted by the Vietnamese embassy in India and the Indian Importers Chambers of Commerce and Industry (IICCI). She affirmed recent years has seen India emerge as one of the world’s key trading partners in terms of fruit and agricultural products. Indeed, India is capable of providing Vietnam with various kinds of fruit and agricultural items, such as pomegranates, grapes, wheat, and cotton. She went on to highlight key Vietnamese agricultural products such as dragon fruit, coffee, cocoa, and cashew nuts which also have great potential to penetrate the Indian market. According to the Indian official, there are currently 255 operational investment projects in Vietnam, showing Indian businesses’ keen interest in the Southeast Asian country’s investment environment. Vietnam has been working towards an agricultural processing hub by 2030, a target which is expected to provide fresh impetus for stronger trade ties between the two sides, she stressed, adding that India is hopeful of becoming one of Vietnam’s leading trade partners like the US and China. In response, Vietnamese Ambassador to India Pham Sanh Chau introduced participating delegates to a number of typical Vietnamese agricultural products such as coffee, tea, cocoa, cashew nuts, and coconut water, and proposed that India remove tariff and non-tariff barriers as well as simplify its administrative procedures, making it easier for their commodities to penetrate deep into each other’s markets. The Vietnamese diplomat also urged the Indian side to open their market for a number of Vietnamese fruits such as longan, grapefruit, durian, and rambutan. Ambassador Chau affirmed the teleconference has offered a great chance for both sides’ business communities to strengthen connectivity and seek reliable partners. The embassy will continue to fully tap into all available resources and promote trade facilitation in order to …

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/ March 2, 2021

NATEC and Enterprise continue cooperation to unlock Vietnam’s innovation potential

Pham Hong Quat, director general, NATEC and Leon Cai, regional director (Ho Chi Minh City), Enterprise Singapore The Vietnamese agency (NATEC) and Enterprise Singapore (ESG) have renewed their cooperation for another two years. What will be the focuses in the next stage? How will it benefit the innovation landscape for Singapore and Vietnam? Pham Hong Quat: Singapore is considered to be the hub of innovation as well as a “paradise” for startups, with startup-friendly policies including subsidies and a range of incubation schemes. With its advanced IT infrastructure, strong government support, intellectual property laws, and deep tech talent pools, Singapore has become a world-leading technology innovation centre. Thus, the cooperation between NATEC and ESG will provide an open space for best practices and know-how sharing, particularly on the crafting and execution of startup and innovation supporting policies, as well as building and operating startup hubs. Through market access programmes and joint events, Vietnamese startups will have a chance to experience and benefit from peer-to-peer learning with their counterparts. Operating in the world’s leading and most vibrant ecosystem, Singaporean startup founders and teams have admirable skills and qualities, for example, creative thinking; entrepreneurship and management skills; fundraising and management; as well as research and development (R&D). Moreover, there will be a high chance that our startups can find great partners or clients in a new market. One of the biggest concerns for Vietnamese startups might be how to get funding from venture capital funds or angel investors and how to manage them wisely, especially during the crisis. Thus, what they need to focus on is acquiring valuable know-how and skills from their counterparts and taking any opportunity to interact and learn from experienced investors and mentors. Leon Cai: The renewed MoU will build on existing partnerships between …

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