Cambodia

Processing cashew nuts for export . (Photo: VNA) Hanoi (VNA) – Vietnam earned 3.15 billion USD from exporting goods to Cambodia in the first eight months of 2021, up 16.7 percent year-on-year. However, Vietnam reported a trade deficit of 354.4 million USD with Cambodia in the reviewed period. One of the reasons behind the trade deficit was increases in import turnover of six main products from Cambodia compared to the same period last year, with the imports of cashew nut and rubber witnessing the highest rises. Vietnam spent almost 1.83 billion USD on importing cashew nuts from Cambodia in the first eight months, a 7.1-fold hike year-on-year.  Meanwhile, Vietnam’s rubber imports from the neighbouring country were 5.3 times higher than the figure of the same period last year, reaching 821.8 million USD. Vietnam’s registered investment in Cambodia hit over 2.85 billion USD, mainly in agriculture, including cashew and rubber planting. Vietnamese businesses have … [Read more...] about Vietnam’s exports to Cambodia up 16.7 percent in eight months

Workers process cashew for export (Photo: VNA) HCM City (VNA) - Vietnam imported nearly 1.2 million tonnes of raw cashew nuts worth 1.9 billion USD in the first four months of this year, increases of 300 percent and 323.5 percent year-on-year, according to the General Statistics Office. The volume neared the total posted in 2020, of 1.45 million tonnes, and at the current rate this year’s imports could exceed the 1.8 million tonnes planned by the Vietnam Cashew Association (VINACAS). VINACAS attributed the surge in raw cashew imports over recent months to the fact that exports have maintained stable growth while domestic supply has been lacking. Abnormal weather conditions also resulted in the harvest being one month later than usual. Heavy rains during the harvest season in cashew farming centres like the southern provinces of Binh Phuoc and Dong Nai also hampered the drying process, thus affecting quality, the association added. Businesses said they have faced a … [Read more...] about Raw cashew nut imports rocket in first four months

Top leaders of Vietnam, Laos, and Cambodia have met in Hanoi to discuss cooperation orientations between the three countries, the Vietnam Government Portal reported. Vietnamese Party General Secretary Nguyen Phu Trong, President of the Cambodian People’s Party and Prime Minister Samdech Techo Hun Sen, and General Secretary of the Lao People's Revolutionary Party and President Thongloun Sisoulith convened the meeting on Sunday. They spoke highly of the significance and importance of the event, briefing each other about recent situations in each country, including socio-economic development in the current COVID-19 pandemic. The leaders agreed on the importance of the traditional relations, solidarity, and friendship of the three neighboring nations and charted orientations for cooperation in the coming time. They consented on strengthening cooperation in various fields for the benefit of the three peoples and for the sake of peace, stability, cooperation, and development in … [Read more...] about Top Vietnamese, Cambodian, Lao leaders discuss cooperation orientations at Hanoi meeting

Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25

Vietnamese overseas investment during the opening nine months of the year surged by 32.4% on-year to reach US$572.3 million, according to the Ministry of Planning and Investment. A total of 41 new projects received investment licenses, with registered capital reaching over US$150.1 million, equivalent to 55.9% compared to the same period from last year. Furthermore, over US$422.1 million was poured into 15 capital adjusted and added projects, thereby representing a figure roughly 2.6 times higher than that of the same period last year. This sharp rise in adjusted investment capital can largely be attributed to Vietnamese conglomerate Vingroup’s investment of US$300 million in a new project in the United States. Elsewhere, Indochina Rubber Development and Investment Co., Ltd. project also moved to increase their investment capital of US$76 million in Cambodia, while Vingroup’s subsidiary automaker VinFast moved to expand their investment in its Germany-based … [Read more...] about Overseas investments soar by 32.4% over nine-month period

The Association of Francophone Universities (AUF) has opened employment support centres in Hà Nội and HCM City. — Photo Courtesy of AUF HÀ NỘI — On Monday the Association of Francophone Universities (AUF) opened two employment support centres in Hà Nội and HCM City, with the aim of connecting students with job opportunities, increase their integration into the labour market and encourage their start-up spirit. One centre – named the Centre d'employabilité francophone (CEF) in French - is based in Hà Nội University, while the other is based in the southern branch of Việt Nam Academy of Social Sciences in HCM City. The two centres will have projects relating to consultation, job-seeking support, soft-skills training, occupational certification and start-ups. Jean-Marc Lavest, Director of AUF Asia and Pacific, said that in May 2020 the AUF launched a global poll. Feedback was received from more than 15,000 state agencies, university managers, … [Read more...] about French employment support centres open in Hà Nội and HCM City