Free trade agreements

The foreign enterprises shift their focus from surviving the pandemic to developing in the new normal. Six European enterprises have won awards for their resilience and contribution to Vietnam’s fight against the pandemic at the European Night-Business Resilience Awards 2021. Delegates at the event. Photo: EuroCham Vietnam For the best initiative to support Vietnam during the fourth wave of Covid-19, Becamex , Binh Duong-based industrial infrastructure developer, and Annam Group were recognized for their contributions to the country’s fight against the pandemic. The winners for best management initiative to support workers and their families were De Heus, a Dutch animal nutrition supplier, and Bosch, a German supplier, for their efforts in aiding staff not only through livelihoods support but also through policies ensuring their health and well-being during the recent outbreak. Two of the leading agri-food companies, Orlar and Les Vergers du … [Read more...] about EuroCham members win business resilience awards

Illustrative photo (Source: diendandoanhnghiep.vn) Tel Aviv (VNA) – Israel's removal of import quotas and opening of its dairy market create a good opportunity for Vietnamese businesses to approach Israeli importers and boost exports to the country in the near future, the Vietnamese trade office in Israel has said. According to the office, in early December, the Israeli Ministry of Finance and Ministry of Agriculture and Rural Development agreed to abolish import quotas for a wide range of dairy products, including low-fat yogurt and cheese, in a bid to reduce the price of dairy products for Israeli consumers. The move will allow the market to open to the free import of products from European countries, with the average price per kilogram of yogurt consumed in Israel falling to 8.5 NIS from the previous price of 17 NIS. The Israeli Ministry of Finance estimated that the abolition of the quota will reduce the prices of imported cheese by about 25 percent from the … [Read more...] about Opportunities open for Vietnam dairy exporters in Israel

Both leaders agreed the strong cooperation between the two countries has brought substantial benefits for the people and, thus, they are committed to further nurturing this special relationship in the future. The Vietnam-Laos special relations are the invaluable assets of the two Parties and nations, serving as the cornerstone for each country to safeguard national interests and promote shared prosperity. General Secretary of the CPV of Vietnam Nguyen Phu Trong (r) and the Laos National Assembly Chairman Xaysomphone Phomvihane (l). Source: VNA The sentiment was shared during the meeting between the General Secretary of the Central Committee of the Communist Party (CPV) of Vietnam Nguyen Phu Trong and the Lao National Assembly Chairman Xaysomphone Phomvihane today [December 7]. At the meeting, Xaysomphone Phomvihane congratulated Vietnam’s achievements attained over the past years, expressing his belief that the country under the leadership of the CPV would … [Read more...] about Vietnam-Laos special relations ensure shared prosperity

Vietnam’s agro-forestry-aquatic product import-export hits over $82bil Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually. Of the figure, around 43.48 billion USD was worth of exports, up 14.2 percent while nearly 39.18 billion USD was from imports, up 39 percent, resulting in a trade surplus of roughly 4.3 billion USD, down 56.5 percent year-on-year. The US was the biggest export market of Vietnam with over 11.9 billion USD, or 27.5 percent of the market share. It was followed by China with around 8.4 billion USD, accounting for 19.2 percent, and Japan with nearly 3 billion USD, or 6.9 percent. Share plunge as Omicron worries local investors Vietnamese shares plunged on Friday as the spread of the Omicron coronavirus variant dampened investor sentiment, triggering worries about hits to a nascent economic recovery. The market benchmark VN-Index on the Ho Chi … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 4

Vietnam Economic Forum scheduled for December 5 The event will take place at the International Convention Centre in Hanoi on December 5 to review Vietnam’s economic development in 2020-2021, and policies adopted to cope with the COVID-19 pandemic. Specifically, it will give insight into the trend of economic restructuring and changes in production and business models due to pandemic impacts, along with policies that have been rolled out in the world to tackle COVID-19, thus withdrawing lessons for Vietnam in this regard. The organisers launched the official website of the forum, at diendankinhte.quochoi.vn, in Vietnamese and English languages. Reference exchange rate stays stable on Dec. 3 The State Bank of Vietnam set the daily reference exchange rate at 23,117 VND/USD on December 3, unchanged from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,812 VND/USD and the floor … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 3