Trade

The signing ceremony of the Trade Policy and Export Promotion (SwissTrade) project in Ha Noi on Friday. — VNS Photo To improve trade performance and the international competitiveness of small-and-medium-sized enterprises (SMEs), Switzerland and Viet Nam on Friday signed an agreement to implement the Trade Policy and Export Promotion (SwissTrade) project. The project will run from 2021-2024 with a total budget of CHF 5.627 million (equivalent to VND148 billion or US$6.5 million). Switzerland’s grant contribution is CHF 5.0 million, and the counterpart funding from the Government of Vietnam and beneficiaries is CHF 627,000. The SwissTrade project will offer technical assistance to the Ministry of Industry and Trade in shaping the strategic direction of import and exports from Viet Nam over the next ten years. The agreement will also help the ministry with public-private dialogue, allowing further exchanges between the private sector and national authorities. It will also … [Read more...] about Swiss-Vietnamese deal enhances trade and cooperation between the two countries

Apart from leaders of the organizing units, the online event saw presence of representatives of the PCC’s Economic Commission, the Commission for Officials’ Health Protection and Care, the Ministries of Planning and Investment, Industry and Trade, and Health and localities bordering with China. The Chinese side participating in the event included scholars and experts from the Development Research Center of the State Council, the National Development and Reform Commission, the National Health Commission, and the Ministry of Commerce. During the webinar, Chinese experts and scholars introduced China’s experience and approaches to preventing and controlling the COVID-19 pandemic, and recovering the socio-economic development in post-COVID-19 period. They also provided solutions to support businesses and workers to maintain production amid the pandemic. The two sides discussed their cooperation prospects in COVID-19 prevention and control and measures to enhance the two countries’ … [Read more...] about Vietnam, China share experience in COVID-19 fight

A farm products stall that reopened at the Hóc Môn [District] Wholesale Market in HCM City on October 21 after nearly four months of closure to prevent the spread of COVID-19. — Photo vov.vn HCM CITY  - HCM City reopened the Hóc Môn Wholesale Market on October 21, allowing half its stalls to do business, after nearly four months of closure to prevent the spread of COVID-19. The company that manages the Hóc Môn Wholesale Market has allowed 153 stalls selling farm produce and 50 selling pork to reopen to meet burgeoning demand. It said if things go well the market would be expanded after November 10, and all stalls might be allowed to reopen if the epidemic is well controlled. On the first day over 400 tonnes of agricultural produce and foodstuff from various provinces and cities arrived at the market and were traded. Lê Văn Tiễn, deputy manager of the Hóc Môn Wholesale Market, said traders and workers entering the market should have had both shots of a COVID vaccine and make … [Read more...] about Hóc Môn Wholesale Market in HCM City reopens

Illustrative image (Photo: suara.com) Jakarta (VNA) - Indonesia has set a target to become a centre of the world's halal industry in 2024 given its potential market for halal products in the country. “Indonesia has the potential to become a centre of the world’s halal industry as well as the world’s fashion Mecca. We target that this goal can be achieved by 2024,” state news agency Antara quoted President Joko Widodo as saying at the opening of the online Trade Expo Indonesia (TEI) Digital Edition on October 21. Citing the State of Global Islamic Economic Report in 2021, the President said that Muslims around the globe spend more than 2 trillion USD on various sectors from food, fashion, cosmetics, and pharmaceuticals, to recreation or tourism. “Certainly, this is an opportunity that we must take advantage of,” he said. Meanwhile, Trade Minister Muhammad Lutfi said that Indonesia’s export of halal products reached 6 billion USD, ranking 21st in the world. The … [Read more...] about Indonesia aims to become halal industry centre by 2024

Illustrative image (Photo: ZTKS) Jakarta (VNA) – Indonesian President Joko Widodo said that the country's export turnover is expected to peak this year with 142.01 billion USD, up 37,77 percent compared to the figure in 2020. Speaking at the opening of the Indonesia Digital Online Expo 2021, President Widodo said that Indonesia's exports still have positive growth potential thanks to the recovery of strategic trading partners. According to the President, China's economy in the second quarter grew by 7.9 percent year-on-year, while the growth rates of the US, Japan and India reached 12.2 percent, 7.6 percent and 20.1 percent, respectively. President Widodo said that Indonesia needs to take advantage of this opportunity to boost exports, and the organisation of trade shows is one of the solutions to connect businesses and promote business cooperation. Trade Minister Muhammad Lutfi also expressed optimism that Indonesia 's exports will increase sharply after two … [Read more...] about Indonesia expects record export turnover this year

Australia collaborates on many education and training initiatives with Vietnam, facilitating institution-to-institution partnerships and supporting vibrant Australian alumni associations. Australia will extend support in developing human resources for Vietnam in a program worth AUD50.1 million (US$37.5 million) for 2021-2025. Robyn Mudie, Australian Ambassador and Assoc Prof Nguyen Van Phuc, MOET Vice Minister sign on the Subsidiary Arrangement for Aus4Skills Phase 2 (2021-2025). Photos: Embassy of Australia in Hanoi The assistance will focus on the second Phase of the Vietnam Australia Human Resource Development program (Aus4Skills) that was launched today [Oct 22] by the Australian Embassy in Vietnam and Vietnam’s Ministry of Education and Training (MOET). Accordingly, the Australian Government will offer Australia Awards Scholarships for Vietnamese citizens to undertake fully funded studies at Australian universities, deliver Australian alumni … [Read more...] about Australia, Vietnam launch US$37M human resource program for 2021-2025