Packaging of agricultural products

An electronics factory in Viet Nam. Electronic devices are the largest contributor to Viet Nam - Hungary trade growth in recent years. — VNA/VNS Photo Trade between Viet Nam and Hungary has grown continually over the past years, and it is believed that there remains room for Viet Nam to fuel exports to this European nation. Thanks to the EU - Viet Nam Free Trade Agreement (EVFTA) that took effect on August 1, 2020, bilateral trade topped US$1 billion for the first time in 2020 to hit $1.3 billion, surging 73.88 per cent from the previous year. The turnover included $925 million in Viet Nam’s exports, shooting up 126.69 per cent, according to the European-American Market Department at the Ministry of Industry and Trade. Due to the COVID-19 pandemic, bilateral trade dropped 15.2 per cent to slightly over $1 billion in 2021. Viet Nam exported $570 million worth of goods to Hungary and imported $529 million in return, respectively declining 38.4 per cent and rising 42.4 per cent. … [Read more...] about Room remains for Viet Nam to boost exports to Hungary

Vientiane (VNA) – The Lao Government has banned the import of certain types of agricultural produce , livestock and fish, aimed at spurring the farming of these crops and animals in Laos to boost the economy and generate more revenue for farmers. In terms of crops, the government has named cabbage, garlic, onions, pepper, lettuce and white cabbage as crops that should be farmed more intensively and imports slashed, Vientiane Times reported. The Lao government has also called for more intensive production of cattle, pigs, goats, chickens, ducks and geese, and has banned the import of these animals and their meat. The import of tilapia and all freshwater fish has also been banned. Other items associated with agriculture may continue to be imported, such as animal sperm for breeding purposes, rice seed, animal vaccine and equipment, medicinal products for animal use, and animal feed. Businesses may also continue to import the raw materials of animal feed and vaccine … [Read more...] about Laos bans import of certain farm produce types

The clogging could happen at anytime during the year and every year due to changes in the Chinese side’s import policy. Hanoi has said that there are some positive changes in the clog at the Vietnam-China border gates following the phone call between the two prime ministers a week ago. Container trucks stuck at the Vietnam-China border gates in December 2021. Photo: Tung Dinh/ Suckhoedoisong Transactions at the border gates have been smoother recently after a joint working group was set up to solve the situation [which is caused by China’s Covid-19 restrictions], Spokesperson Le Thi Thi Hang of Vietnam’s Ministry of Foreign Affairs said at the press conference in Hanoi on January 20. “The two sides have established a working group to continue exchanging and applying measures to boost customs clearance and circulation of goods at the border gates, maintaining smooth trade between the two countries while ensuring effective and scientific disease control,” Hang … [Read more...] about Smoother transactions at Vietnam-China border, Hanoi says

Reviews set after Thu Thiem episode - illustration photo Hot on the heels of Tan Hoang Minh Group’s withdrawal from the auction bidding in Thu Thiem New Urban Area, the State Bank of Vietnam (SBV), together with its subsidiary, the SBV Banking Supervision Agency, formally sent a request to a number of lenders urging them to review and report on credit inflows to customers who engaged in the land use rights in the area. Officials from commercial bank SHB last week voiced their confirmation that no credit had been granted to clients participating in the newly developed urban region of Thu Thiem. SHB is the second commercial bank to formally express its opposition to providing credit to those who participate in the land sale. Previously, Vietcombank’s officials also determined no credit extensions to firms related to the Thu Thiem land auction had taken place. Elsewhere, the SBV issued Circular No.16/2021/TT-NHNN, replacing two previous circulars, regulates the purchase of … [Read more...] about Reviews set after Thu Thiem episode

Minister of Labour , Invalids and Social Affairs Dao Ngoc Dung answers NA deputies’ questions (Photo: VNA) Hanoi (VNA) – The Government has launched many unprecedented large-scale social welfare policy packages to ensure social security amid difficulties and challenges brought about by COVID-19 pandemic, said Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung while responding to National Assembly (NA) deputies’ questions on November 8. Ensuring social welfare remains key task According to the minister, over the years, the Government has been sticking to the principle that economic development must go along with social equality. The social welfare system has met the requirements of the people and is getting close to international standards, he said, adding that Vietnam’s human development index has risen strongly in United Nations rankings. Dung said that the issuance of supporting policies has been implemented in an active and systematic manner in line … [Read more...] about Large-scale, unprecedented policies issued to ensure social welfare: Minister