Garment

Customers buy pork at a supermarket in Hanoi. Russia ranked first in terms of exports of pork to Vietnam in the first half of this year. (Photo: VNA) Hanoi (VNS/VNA) - More than 100 Vietnamese companies took part in an online business matching event with entrepreneurs from Moscow, Russia, on July 20. The event was organised by the Moscow Export Center with the support of the Ministry of Industry and Trade of the Russian Federation and the trade mission of Russia in Vietnam. Businesses in Moscow are interested in penetrating the markets of Southeast Asian countries and are looking for opportunities to develop business relationships with Vietnamese partners. During the event, 20 Moscow companies working in the fields of medicine, information technology, food, construction, machinery and equipment introduced their products to Vietnamese partners. The Russian trade mission in Vietnam noted positive growth in trade between the two countries. The trade office … [Read more...] about Moscow entrepreneurs look for opportunities in Vietnam

Despite severe Covid-19 impacts, Vietnam – South Korea trade relations this year is on track to reach or even exceed the US$70 billion mark recorded in 2019. Enterprises from Vietnam and South Korea should enhance cooperation to diversify their supply chains and avoid the over-reliance on a single source for both input materials. Overview of the conference. Deputy Head of the International Cooperation Department under the Vietnam Chamber of Commerce and Industry (VCCI) Truong Bich Ngoc made the statement at a conference discussing trade promotion between Vietnam and South Korea on December 30. “Vietnam gives priority to its relations with South Korea on all spheres, which is also in line with South Korean’s New Southern Policy, in which Vietnam is seen as a key partner,” noted Ms. Ngoc. In 2020, the Covid-19 pandemic has led to a global economic recession, not to mention existing issues including growing protectionism around the world and the US-China … [Read more...] about Vietnam, S.Korea tighten cooperation to diversify supply chains

Photo: Duc Thanh Like many other businesses in Vietnam, ore mine Nui Phao Mining (NPMC) – a member of Masan High-Tech Materials Corporation based in the northern province of Thai Nguyen – has been seriously affected since the outbreak of the pandemic. To maintain its operation, protecting the health of over 1,000 employees is now the company’s primary concern in parallel with recovery of economic losses. The company established a fund together with its owner Masan Group to support quarantined workers and conduct COVID-19 tests every seven days for employees and contractors. Vo Tien Dung, director of External Relations, Community and Environment said, “Nui Phao Mining is actively looking for vaccine sources in order to build the fastest vaccination plan possible. The company is ready to cover all vaccination costs for employees.” To date, 38 staff members of NPMC who have to travel regularly for work took the first vaccine dose. “We will continue vaccination for 94 employees … [Read more...] about Vaccination drive aspires to put end to health crisis

A production line at Tien Hung Garment and Textile JSC in the northern province of Hung Yen. Apparel is one of the products that can be successfully exported to Africa. — VNA/VNS Photo Pham Kien There remains room for Vietnamese exports to the African market, experts said at a virtual workshop on Viet Nam-Africa trade promotion held by the Vietnam Trade Promotion Agency (Vietrade) on Wednesday. Speaking at the event, Le Hoang Tai, deputy head of the agency, said Viet Nam has established trade relations with all 54 African nations whose population amounted to some 1.3 billion. Bilateral trade between Viet Nam and Africa has grown positively over the past year, hitting US$6.7 billion in 2020, he added. Nguyen Minh Phuong from the Ministry of Industry and Trade’s Asia-Africa Market Department said Viet Nam has recorded a trade surplus to this regional market. She noted South Africa is Viet Nam’s main export market with a turnover of $681 million last year, followed by Egypt, … [Read more...] about Potential for Vietnamese exports to Africa: workshop

A footwear production line at Hà Tây Chemical Weave Company Limited. Footwear is a potential product for export to Peru — VNA/VNS Photo Trần Việt HÀ NỘI — Peru’s official ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) this week is expected to boost trade between Việt Nam and the South American nation. Under the agreement, Peru has committed to removing up to 81 per cent of taxes immediately after the CPTPP comes into force, and 99.4 per cent of taxes by the 17th year after the deal takes effect. Trade between Việt Nam and Peru increased from US$284.96 million in 2014 to $422.73 million in 2019. Last year, however, there was a sizable drop to $391.17 million due to the impact of the COVID-19 pandemic. That said, bilateral trade grew strongly in the first half of this year to reach $278.27 million, up 78.7 per cent year-on-year. During this period Việt Nam’s exports to Peru hit $242.49 million, representing a rise of … [Read more...] about Peru’s ratification of CPTPP expected to boost trade with Việt Nam

A footwear production line at Ha Tay Chemical Weave Company Limited. Footwear is a potential product for export to Peru — VNA/VNS Photo Tran Viet Peru’s official ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) this week is expected to boost trade between Viet Nam and the South American nation. Under the agreement, Peru has committed to removing up to 81 per cent of taxes immediately after the CPTPP comes into force, and 99.4 per cent of taxes by the 17th year after the deal takes effect. Trade between Viet Nam and Peru increased from US$284.96 million in 2014 to $422.73 million in 2019. Last year, however, there was a sizable drop to $391.17 million due to the impact of the COVID-19 pandemic. That said, bilateral trade grew strongly in the first half of this year to reach $278.27 million, up 78.7 per cent year-on-year. During this period Viet Nam’s exports to Peru hit $242.49 million, representing a rise of 103.6 per cent. … [Read more...] about Peru’s ratification of CPTPP expected to boost trade with Viet Nam