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Trade in goods between Vietnam and the UK has grown rapidly According to the Ministry of Industry and Trade, two-way trade between the UK and Vietnam reached US$6.6 billion in 2021, an increase of 17.2 percent compared to 2020. The expected recovery of the British economy from the pandemic and growing consumer demand in the UK will offer more opportunities for Vietnam’s exports in the years to come. The UK is currently Vietnam’s third largest trading partner in Europe after Germany and the Netherlands. The UK and Vietnam established a strategic partnership in 2010. The signing of the trade deal was of great significance, preventing an interruption of bilateral trade at the end of the Brexit transition period on December 31, 2020 and promoting post-pandemic economic recovery. In addition, the contents of the UKVFTA are similar to those of the EU-Vietnam Free Trade Agreement (EVFTA), shortening negotiations. Embracing globalization has been one of Vietnam’s core strategies to … [Read more...] about UK deal offers gateways to regional trade

CEO of KTAM Chavinda Hanratanakool (Photo:https://www.bangkokpost.com/) Bangkok (VNA) – Vietnam and India are the most promising markets for long-term investment as the two countries have responded well to global challenges and uncertainties thanks to their fast-growing economies, according to Krungthai Asset Management (KTAM) Public Company Limited of Thailand. CEO of KTAM Chavinda Hanratanakool said although the global economy remains volatile as a result of the tense political situation, there were signs that inflation had begun to slow down after several central banks took steps to ease inflationary pressures. KTAM has started to see signs of economic recovery in countries with high-growth potential, including Vietnam and India, which have become increasingly attractive for investment, she noted. Vietnam has been an attractive investment destination due to its high economic growth and comparatively low inflation, the official said, adding that such conditions … [Read more...] about Vietnam – promising market for investment: Thai firm

Hanoi – More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference on August 15 to connect local firms of Hanoi with commercial banks and the Hanoi Development Investment Fund (HANIF). An overview of the conference. (Photo: VNA) The event was jointly held by the city's Department of Industry and Trade, the Hanoi Branch of the State Bank of Vietnam, and the Hanoi Association of Main Industrial Products (HAMI). Addressing the event, Tran Thi Phuong Lan, Acting Director of the Hanoi Department of Industry and Trade, said that the conference aimed to provide a chance for banks and investment funds to introduce soft loans and support programmes to businesses, helping them overcome difficulties and develop. In order to promptly launch infrastructure projects in industrial parks and clusters in the city, the Hanoi Department of Industry and Trade suggested that businesses should coordinate closely with credit … [Read more...] about Hanoi connects commercial banks with local businesses

Tra fish processed for export to the EU. Vietnamese enterprises are urged to focus on improving product quality to meet requirements of the import market and the distribution system to expand in the EU. — VNA/VNS Photo Vu Sinh Approaching the retail distribution system is an important way to expand exports to the European Union market, where Vietnamese goods still have significant room for growth provided by the EU – Viet Nam Free Trade Agreement (EVFTA). According to Nguyen Thao Hien, Deputy Director of the European – American Market Department under the Ministry of Industry and Trade, 2022 was considered a very favourable time for trade and investment promotions with the EU as the two sides were focusing on accelerating post-pandemic growth and actively resuming economic and trade activities. The EVFTA after two years of implementation provided not only a lever to promote two-way trade but also a great opportunity for enterprises from the two sides amid market fluctuations, … [Read more...] about Vietnamese exporters urged to expand in the EU through retail distribution system

Vietnam Railways (VNR) is continuing to work with consulting units on the merger of two Hanoi Railway Transport JSC (Haraco) and Saigon Railway Transport JSC (Saratrans) following a previous approval by the prime minister for the merger of some units. Top transport groups speed up restructure, Illustrative photo (Source: VNA) VNR general director Dang Sy Manh told VIR, “The merger of locomotive units and railway project management boards will be completed this year, but that of the two railway transport firms will take a longer time.” Under the plan for restructuring VNR’s units, five locomotive units will be merged into three, while three railway project management boards will be merged into one. The approval is expected to help VNR improve its operational efficiency. In 2021, it reported a loss after tax of $25.4 million, down from a loss of $56.5 million in 2020. Among its units, the two railway transport firms reported the biggest loss. VNR is struggling to … [Read more...] about Top transport groups speed up restructure

Asia's leading HR magazine - HR Asia - recently announced the list of "The Best Places to Work in Asia 2022" based on the overall and complete evaluation criteria of employee satisfaction through the T.E.A.M model. The evaluation contents include three groups of indicators: corporate culture (Core), level of cohesion (Self) and team spirit (Group). Thanks to the outstanding HR strategy with Talented Values ​​(Employee Value Proposition, “EVP”) built and maintained over the past 10 years, AEON Vietnam was honored to receive the award “Best Places to Work in Asia 2022” for the fourth time. For four consecutive years, the evaluation results of AEON Vietnam have always scored higher than the industry average in all three groups of survey criteria. Representatives of AEON Vietnam receive the award "Best Workplace in Asia 2022" These achievements were achieved thanks to AEON Vietnam's values ​​of attracting talent (EVP) through a comprehensive human resource … [Read more...] about AEON Vietnam honored as best workplace in Asia