Main export market

Nhập mô tả cho ảnh Jakarta (VNA) – The Agreement on the Indonesia- United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (IUAE-CEPA) is expected to boost trade and Indonesia’s investment performance with Gulf and Middle Eastern countries. The trade deal was signed by Indonesian Minister of Trade Zulkifli Hasan and Minister of Economy of the UAE Abdulla bin Touq Al Marri on July 1, on the sidelines of President Joko Widodo's working visit to Abu Dhabi. The Indonesian President positively welcomes the completion of the IUAE-CEPA, said Trade Minister Hasan in a statement. This agreement is Indonesia's entry point to the UAE, which is a hub for increasing exports to non-traditional destination countries, such as the Gulf, Middle East, Africa, and South Asia. The signing of the I UAE -CEPA is also a historic moment, as it is the first time that Indonesia has a trade agreement with a country in the Gulf region. He said he hopes that when the IUAE-CEPA … [Read more...] about New trade deal expected to boost Indonesia’s exports to Middle East

Pineapples are being processed for export at a Dong Giao Foodstuff Export JSC factory in Gia Lai Province. — VNA/VNS Photo Hong Diep Viet Nam earned US$27.88 billion from agro-forestry-fishery exports in the first half of this year (H1), up 14 per cent year-on-year despite the difficulties and impact of the world economic environment, according to the Ministry of Agriculture and Rural Development (MARD). Of the sum, exports of key farm produce and forestry products reached $11.37 billion and $9.1 billion, surging 8.8 per cent and 3 per cent year-on-year, respectively, fishery products hit $5.8 billion, up 41 per cent annually, while that of livestock reached $176 million, down 16 per cent, and production input topped $1.42 billion, up 65 per cent. Nine types of goods recorded an export revenue exceeding $1 billion in the period: coffee, rubber, cashew, fruit and vegetable, rice, tra fish, shrimp, wooden goods, and inputs for production. Items which saw increases in both … [Read more...] about Agro-forestry-fishery exports on track to surpass yearly target

A part of the Ha Noi Highway in HCM City, a project in which the HCM City Infrastructure Investment JSC is the main contractor. — Photo nhipcaudautu.vn Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) plans to sell another 10 million shares of Nam Bay Bay Investment Joint Stock Company (NBB) under agreement method. If the transaction is successful, CII will reduce its ownership from 47.5 million shares of NBB, equivalent to 47.5 per cent of capital, to 37.5 million shares, or 37.5 per cent of capital. The expected implementation time is from July 7 to August 5. Previously, from June 6 to July 4, CII completed the sale of 1.5 million NBB shares out of 10 million registered units, thereby reducing its ownership to 47.5 million shares as present. The reason for not completing the transaction was that the expected selling price had not been reached. As of December 31, 2021, CII is the parent company of NBB, holding 65.4 per cent of the charter capital. … [Read more...] about CII to sell 10 million shares of Nam Bay Bay

On Wednesday, a workshop on improving packaging technology and design to enhance business competitiveness and efficiency was held in the southern province of Dong Nai. — Photo vtv.vn The packaging industry will benefit from the growth of e-commerce, and the free trade agreements that Viet Nam has joined, said Nguyen Duc Trung, deputy director of the Enterprise Development Agency, at a training workshop in the southern province of Dong Nai last week. This workshop was focused on improving packaging technology and design to enhance business competitiveness and efficiency. The training session is an activity within the framework of the USAID Improving Private Sector Competitiveness (IPSC) project, funded by USAID. The Ministry of Planning and Investment's Enterprise Development Agency is the project owner. It is designed to equip businesses with the latest information and knowledge on packaging technology and design, thereby supporting businesses to develop appropriate packaging … [Read more...] about Packaging industry benefits from e-commerce

The Vietnamese Government for its part would create utmost conditions for South Korean companies to succeed in Vietnam and commit long-term presence in the country. Vietnam and South Korea aim for a bilateral trade turnover of US$100 billion by 2023 and $150 billion by 2030 while striving for a more harmonious trade balance for mutual benefit. Prime Minister Pham Minh Chinh at the phone talk. Source: VGP The view was shared during a phone talk between Prime Minister Pham Minh Chinh and his South Korean counterpart Han Duck-soo on July 5. At the talk, Chinh congratulated Han on his appointment as South Korea’s Prime Minister. The Vietnamese leader ssid bilateral relations have been on the rise amid a volatile world and severe Covid-19 impacts. “Both countries have been top partners of each other, especially in economy, trade, and investment,” Chinh said. According to Chinh, Vietnam remains steadfast in pursuing an independent foreign policy based on … [Read more...] about Vietnam, S.Korea aim for a US$150 billion trade turnover by 2030

The third session of the 15th National Assembly Export-import turnover rises nearly 23 percent According to the report, Vietnam fulfilled seven out of 12 key targets for 2021, with total export-import turnover increasing by 22.6 percent and trade surplus reaching US$4 billion. So far, Vietnam is one of the top six countries in terms of COVID-19 vaccination coverage. Macroeconomic stability has been maintained, major economic balances ensured, and inflation brought under control. However, input prices, especially gasoline and oil, have risen sharply, while the shortage of human resources has affected trade and production activities. Export turnover is dependent heavily on foreign-invested enterprises, while stock, corporate bond and real estate markets are potentially risky. Vu Hong Thanh, chairman of the National Assembly’s Economic Committee, presented a verification report on this issue, praising the results in the context of unprecedented difficulties and challenges … [Read more...] about Government focuses on rapid, sustainable socioeconomic recovery