Ministry of industry and trade

Illustrative image (Photo: congthuong.vn) Hanoi (VNA) – The Netherlands, one of the leading partners of Vietnam in the EU, is a gateway for Vietnamese goods to enter the EU market , experts have said. According to the Vietnamese Office for Trade Affairs in the EU, 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-EU 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. … [Read more...] about Netherlands – Gateway for Vietnamese goods to enter EU

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Ca Na Port is important for Vietnam's energy development As Vietnam has yet to deploy any liquefied natural gas (LNG) power project, Ninh Thuan has been greenlighted to select investors for its LNG Ca Na Power Centre project through international bidding. In light of the decision of Ninh Thuan People’s Committee, the provincial Department of Industry and Trade has been tasked with inviting bidders and holding the bidding to select an investor to implement the first phase of the 1,500MW LNG Ca Na Power Centre in accordance with existing regulations on bidding, particularly Article 10 of governmental Decree No.25/2020/ND-CP dated February 28, 2020. During implementation, it needs close cooperation and reach a consensus with relevant state bodies, including the Ministry of Industry and Trade, Ministry of Planning and Investment, and Electricity of Vietnam, in regards to criteria on choosing investors to ensure bonafide competition and the chosen investor can best implement the … [Read more...] about Ninh Thuan to select investors for LNG power project via international bidding

At the working session between the Vietnamese Ministry of Agriculture and Rural Development and the US Department of Agriculture (Photo: VietnamPlus) Hanoi (VNA) – Vietnamese Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has held a number of working sessions with US partners such as the US International Trade Commission (USITC), the US Trade Representative (USTR), the US Department of Agriculture (USDA) and the US Grains Council (USGC). The sessions took place within the working trip to the US by President Nguyen Xuan Phuc and a high-ranking delegation of Vietnam from September 21-25. Boosting trade ties based on reciprocity of farm produce Enhancing scientific-technological collaboration in agriculture Deputy Minister of Agriculture and Rural Development Le Quoc Doanh holds talks with USITC Chairman Jason E. Kearns. (Photo: VietnamPlus) He said Vietnam welcomes and stands ready to closely cooperate with the US in optimising … [Read more...] about New opportunities for Vietnam-US agricultural cooperation

Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25