Ensure middle east trading llc

Such a move will help Vietnam diversify oil import sources from China, the US, and the Middle East, and avoid dependence on certain partners amid growing global uncertainties. The Vietnamese Government has agreed to halve the most favored nation (MFN) tariff on petroleum products from 20% to 10%. A gas station on Giai Phong Street, Hanoi. Photo: Viet Dung The decision, which took effect on August 8, was mentioned in the Government’s decree No.51/2022 on the revision of MFN tariff on fuel and gas products. In practice, a 10% cut in MFN tariff would not help Vietnam curb rising petrol prices, as the share of petrol imports subject to such a tariff is insignificant in the total domestic petrol consumption volume. Experts, however, expected such a move would diversify Vietnam’s import sources from countries such as China, the US, or those in the Middle East, and avoid the dependence on certain partners amid growing global uncertainties. The Ministry of … [Read more...] about Vietnamese Gov’t halves MFN tariff on petrol products to 10%

Travel businesses will concentrate on niche markets rather than traditional markets such as South Korea or Japan. Vietnam’s travel businesses should turn to less explored markets such as Mongolia, India, the Middle East and South America to restore and develop inbound tourism in Vietnam. Local travel businesses attend the event. Photo: baocongthuong This is one of the suggestions given by Nguyen Anh Tuan, Director of the Institute for Tourism Development Research at the 2022 National Travel Forum with the theme “Solutions to restore and develop inbound tourism in Vietnam” on August 8 in Ho Chi Minh City. Tuan pointed out some international tourism trends in Vietnam in the new context, in which travel businesses need to pay more attention to the niche markets. Being of the same mind, Nguyen Thien Phuc, Director of Product Research & Development at Vidotour Indochina Travel, said in the context that traditional markets have not recovered, especially the … [Read more...] about Vietnamese tourism looks at niche markets

Canada, New Zealand, and the UK are three out of 11 Dialogue Partners of ASEAN. Vietnam’s Foreign Minister Bui Thanh Son held a series of meetings with his counterparts of ASEAN Partners on the sidelines of the 55th ASEAN Foreign Ministers’ Meeting (AMM-55) and Related Meetings held in Phnom Penh, Cambodia on August 3. The meetings aimed at intensifying cooperation and mutual support at international forums through the talks with Canada’s Minister of Small Business, Export Promotion and International Trade Mary Ng, New Zealand’s Foreign Minister Nanaia Mahuta, and UK Minister for Asia and the Middle East at the Foreign, Commonwealth & Development Office Amanda Milling. Vietnam's Foreign Minister Bui Thanh Son and Canada’s Minister of Small Business, Export Promotion and International Trade Mary Ng in Cambodia on August 3. Photos: Baoquocte Canada In talks with Mary Ng, Son suggested Canada should enhance cooperation in regional mechanisms, … [Read more...] about Vietnam expands relations with ASEAN Partners

President Nguyen Xuan Phuc (left) and Ambassador of South Africa Vuyiswa Tulelo (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc met with newly-appointed ambassadors of South Africa, Saudi Arabia and Belgium, who came to present their credentials, in Hanoi on August 5. Meeting with Ambassador of South Africa Vuyiswa Tulelo, President Phuc expressed his belief that she will contribute to promoting the bilateral ties, especially the organisation of activities marking the 30th founding anniversary of diplomatic relations in 2023. Vietnam always attaches importance to the traditional friendship with South Africa and regards the country as an important cooperation and development partner in the continent, he affirmed. The President urged the diplomat to coordinate with Vietnamese agencies to step up the exchange of delegations, especially at the high level, through Party, State and National Assembly channels. Vietnam stands ready to support South Africa to … [Read more...] about President receives new ambassadors of South Africa, Saudi Arabia, Belgium

Kuala Lumpur (VNA) – Malaysia and the EU held the 8th Senior Officials' Meeting at the premises of the EU delegation in Kuala Lumpur on August 1. The meeting covered a broad range of issues of mutual interest. They welcomed the upcoming EU-ASEAN Summit as an opportunity to enhance, besides the regional, the bilateral EU-Malaysia relations as well. The sides agreed to step up cooperation notably in the areas of trade and investment, security, human rights, economy, climate change, environment and forests, energy security and renewable energy and sustainable supply chains. They also welcomed the progress towards the signing of the Malaysia-EU Partnership and Cooperation Agreement (PCA), aiming to sign the agreement within the framework of the EU-ASEAN Summit in December in Brussels. The participants also confirmed they remained interested in a possible future resumption of trade negotiations once the conditions are right. On palm oil, they recalled the Second Joint Working … [Read more...] about Malaysia, EU hold 8th Senior Officials’ Meeting

Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives, amid growing food insecurity. Consumers may face even higher wheat prices in the second half of 2022 as importers, who until now have supplied cargoes bought several months earlier at cheaper prices, pass on the costs from when wheat prices scaled decade highs in May. Global wheat consumption in July-December could drop by 5%-8% from a year ago, analysts, traders and millers say, much faster than the U.S. Department of Agriculture's forecast 1% contraction. "There is going to be a drop in wheat demand for animal feed in Europe and China. Wheat demand for human consumption has also slowed in key importing countries around the world," said Erin Collier, an economist at UN's Food and Agriculture Organisation. "High prices have raised food security worries in parts of Asia and Africa where … [Read more...] about Analysis: As wheat prices soar, the world’s consumers vote with their feet