Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s seafood exporters are seeking ways to boost shipments to niche markets, as COVID-19 is disrupting supply chains , hindering logistics services and raising transportation costs. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in August, Vietnam ’s seafood exports to its key markets such as China, Japan, Germany, the Netherlands, Belgium, Denmark, and the UK reported year-on-year decreases of 35-45 percent. In the contrary, impressive growth was seen in shipments to niche markets . Specifically, Vietnam’s seafood exports to Mexico rose by 72 percent, the Philippines 58 percent, Spain 48 percent, Egypt 38 percent and Portugal 14 percent. At present, the value of exports to niche markets accounted for 8-10 percent of Vietnam’s total seafood export turnover./. VNA … [Read more...] about Vietnamese seafood exports target niche markets
Dragon fruit is among fresh Vietnamese fruits that are allowed to enter the US market. (Photo: VNA) The US market is home to 332 million customers with high per capita income, with fruit and vegetables being a rising trend, it said. Data from the Vietnam Fruit and Vegetable Association showed that fruit and vegetable exports were worth over US$2.06 billion in the first half of this year, a year-on-year increase of 17.4 percent. Of these, the shipment of these items to the US enjoyed the highest growth of 132 percent compared to the same period last year, followed by China and China with 11.6 percent and 109 percent. Nguyen Quoc Toan, Director-General of the General Department for Agricultural Products Processing and Market Development, said Vietnamese fruit and vegetables are enjoying preferential tariffs brought by free trade agreements, including EU-Vietnam Free Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Six types of … [Read more...] about Potential grows for vegetable and fruit exports to US
Vietnam remains an attractive destination for foreign direct investment and continues to benefit from a changing global supply chain, US-China trade tensions, and production disruptions in other regions. Many foreign-invested enterprises (FIEs) will continue to pour capital into Vietnam as they see negative impacts caused by Covid-19 as only short-term difficulties. Many foreign investors intend to increase more capital in Vietnam. Photo: ABB Vietnam Nguyen Thi Bich Ngoc, Deputy Minister of Planning and Investment, shared her view at the seminar themed “Covid-19 and FDI: impacts and prospects” held on September 27. She said that many foreign investors have confidence in the business environment in Vietnam. Ngoc said the total newly-registered capital, adjusted capital contribution and share purchase of foreign investors in Vietnam as of September 20 increased by 4.4% over the same period in 2020. ADB Country Director Andrew Jeffries said that Vietnam … [Read more...] about Foreign invested enterprises continue expanding investment in Vietnam: say experts
CMC Technology Group’s Creative Space in HCM City. — Photo CMC Technology Group To ensure the safety and efficiency of Vietnamese data services, Global technology company ABB has been selected as a technology partner to support CMC Technology Group’s Creative Space data centre. Located in HCM City, CMC’s Creative Space is one of the largest data facilities in Viet Nam, combining a Tier 3 international-standard data centre with two office towers. When it comes into operation in late 2021, CMC's Creative Space is expected to deploy new technology applications and provide large-scale ITC services, to bring added value to customers in the era of Industry 4.0. ABB’s innovative solutions will maximise uptime while maintaining energy efficiency and power reliability. This includes a main switchboard system, called System Pro E Power, that fulfils all electrical installation requirements. The system seamlessly integrates with ABB’s low voltage equipment to provide the reliability and … [Read more...] about Smart solutions safeguard power supply to data facilities
The centers share educational resources, support jobs for students, and create conditions to connect schools and businesses. The Association of Francophone Universities (AUF) on September 27 opened two employment support centers, called Pôle Emploi in French, in Hanoi and Ho Chi Minh City (HCMC). The two centers are aimed at matching students with employers, increasing their integration into the labor market, and encouraging their start-up spirit. The first one, named the Centre d'employabilité francophone (CEF) in French, is based in Hanoi University, while the second is located in the southern branch of the Vietnam Academy of Social Sciences in HCMC. Projects relating to consultation, job-seeking support, soft-skills training, occupational certification, and start-ups will be deployed in the two centers. Model of the CEF at the Hanoi University. Photo: Minh Duy Jean-Marc Lavest, Director of AUF Asia and Pacific, said the employment support scheme was … [Read more...] about First two Francophone employment support centers launched in Vietnam
According to the Vietnamese Office for Trade Affairs in the E.U., a large volume of Vietnamese goods exported to the Netherlands are re-exported to other European countries. Therefore, Vietnam is also considered the leading trade partner of the Netherlands in Asia. The Vietnam-E.U. Free Trade Agreement (EVFTA) is expected to open up greater for businesses from both countries to foster their partnership. According to the Ministry of Industry and Trade (MoIT), Vietnam and the Netherlands have shared close ties in various fields, especially industry, green and renewable energy, circular economy and emission reduction towards sustainable development. Meanwhile, the Dutch Government and investors have shown interest in partnering with Vietnam in trade, industry and energy. Vietnam has been and will be a good choice for Dutch investors, while the business communities of both sides have sought business and investment opportunities in each other’s country, thus optimizing advantages … [Read more...] about Netherlands – Gateway for Vietnamese goods to enter E.U.