Senior Minister and International Trade and Development Minister of Malaysia Datuk Seri Mohamed Azmin Ali (Photo: malaymail.com) Kuala Lumpur (VNA) - Malaysia has given its commitment to complete the Regional Comprehensive Economic Partnership (RCEP) ratification process by mid-December this year. Senior Minister and International Trade and Development Minister Datuk Seri Mohamed Azmin Ali said the ratification process is pursuant to the agreement signed by 15 countries, comprising 10 ASEAN member states and five free trade agreement (FTA) partners, at the Fourth RCEP Summit on November 15 last year. He said based on the provisions of the RCEP Agreement, it will come into force 60 days after at least six ASEAN member states and three ASEAN FTA partners submitted the instruments of ratification to the ASEAN Secretariat. "To date, countries that have ratified the agreement include Singapore, China and Japan. Myanmar has sent the instrument of ratification to the ASEAN … [Read more...] about Malaysia committed to ratifying RCEP by December
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Kuala Lumpur (VNA) – The Malaysia External Trade Development Corporation ( MATRADE ) estimated the sales of Malaysian-made products and services at the 18th China-ASEAN Expo ( CAEXPO ) to reel in 572 million RM (143 million USD). The fair saw the participation of 58 Malaysian companies, offering food, beverage, and healthcare products. A total of 2,574 business enquiries and more than 150 business meetings were arranged between Malaysian exhibitors with Chinese importers, distributors and wholesalers. China has been Malaysia's largest trading partner for the 12th consecutive year since 2009, with bilateral trade between the sides accounting for 18.6 percent of Malaysia's total trade in 2020. Between January and July this year, the bilateral trade grew by 29.8 percent from the same period last year to 233.4 billion RM./. VNA … [Read more...] about Malaysia – China trade thrives at regional expo
Post-pandemic cooperation prospect of Vietnam, Hong Kong The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20. Speaking to Vietnam News Agency's correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of the Golden Resources Development International Ltd., said a number of Hong Kong manufacturers have recently expanded production out of Hong Kong and to ASEAN, including Vietnam, for different reasons. About the potential of cooperation between Vietnamese and Hong Kong firms, Lam said Hong Kong is focusing resources on health care and pharmaceuticals so its businesses could consider investment in those fields in Vietnam. He stressed that Vietnam boasts a young, hardworking, … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 20
At the event (Photo: VNA) Hanoi (VNA) – A webinar entitled “Revival under the ‘New Normalcy’: Hong Kong-Vietnam Partnership” was held recently to seek ways to bolster trade cooperation and investment between Vietnam and Hong Kong (China). The event, jointly held by the Ministry of Industry and Trade of Vietnam and the Commerce and Economic Development Bureau (CEDB) of Hong Kong, was to help businesses of the two sides connect, find cooperation chances and ease negative impacts of COVID-19. Speaking at the event, Deputy Minister of Industry and Trade Tran Quoc Khanh underlined that the holding of the webinar amid the COVID-19 pandemic is necessary to share difficulties and seek solutions and orientations to support trade and investment activities of Vietnamese and Hong Kong firms. Hong Kong is an important partner of Vietnam and the two sides have ample room to step up cooperation and tap on advantages of each economy in the coming time, especially advantages Vietnam has … [Read more...] about Webinar looks to bolster Hong Kong-Vietnam partnership amid COVID-19
After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam? On September 21, The Sherpa, a subsidiary of Masan Group Corporation, announced an investment of $13 million to acquire a 70-per-cent stake in mobile virtual network operator (MVNO) Mobicast and officially expand to the telecommunications sector. This is Masan's first step into the digital services sector. Mobicast's services target tech-savvy customers with great demand for data usage and digital lifestyle. As a result, the startup can help Masan to complete its offline-to-online offerings of necessities and financial services. An MVNO offers a fast and cost-efficient system to build transmission and reception network infrastructure. Besides this, an MVNO is considered a catalyst for competition in the mobile telecommunications market. MVNO players will develop value-added services on mobile devices, helping to improve quality and diversify experiences. It is estimated that necessities … [Read more...] about After acquisition of Mobicast and Reddi, can Masan become the “Reliance Jio” of Vietnam?
National flag carrier Vietnam Airlines is set to receive its permit from US authorities for concducting regular direct flights to the US. Vietnam Airlines's planes at Tan Son Nhat international airport (Photo: VNA) It has officially completed all necessary documents to be approved by the US Transportation Security Administration (TSA), the airline said, adding that it is set to receive the permit from the US Federal Aviation Administration (FAA). Once licensed, Vietnam Airlines will become the first Vietnamese airline to be allowed to operate regular direct flights to the US - the country applies the most stringent barriers, legal procedures and aviation security regulations in the world. Flights will be organised regularly in accordance with schedules announced by the airline. Tickets will be available on the airline's website, mobile apps, and ticket offices. Meanwhile, international special charter flights will be limited in terms of schedule, … [Read more...] about Vietnam Airlines to get permit for regular direct flights to US