At the forum (Source: http://voh.com.vn) HCM City (VNA) - There is great potential for trade cooperation between Vietnam and Nigeria and investment in many sectors like agriculture, agricultural processing, garment, footwear, mining, and production of construction materials, a forum heard in Ho Chi Minh City on April 16. Speaking at the forum, Nguyen The Hung, Deputy Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s HCM City Branch, said many African countries, including Nigeria, had become increasingly important economic partners of Vietnam. Trade between Vietnam and Nigeria has shot up from 250 million USD a year in 2012-2016 to 433.5 million USD in 2017, with Vietnam running a deficit of 303.9 million USD. Vietnam exports 52 items to Nigeria, including mobile phones and components, textiles, footwear, cigarettes and tobacco, plastic products, chemicals, machinery and spare parts, computers, and electronic devices. It imports raw cashew nuts, wood and … [Read more...] about Vietnam, Nigeria seek stronger investment, trade ties
Sectors of the nigerian economy
Vietnam, Nigeria eye closer investment, trade ties
Trade between Vietnam and Nigeria has shot up from US$250 million a year in 2012-16 to $433.5 million in 2017, with Vietnam running a deficit.— Photo voh.com.vn Speaking at the forum, Nguyen The Hung, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI)’s HCM City branch, said many African countries, including Nigeria, had become increasingly important economic partners of Vietnam. Trade between Vietnam and Nigeria has shot up from US$250 million a year in 2012-16 to $433.5 million in 2017, with Vietnam running a deficit. Vietnam exports 52 items to Nigeria including mobile phones and components, textiles, footwear, cigarettes and tobacco, plastic products, chemicals, machinery and spare parts, computers, and electronic devices. It imports raw cashew nuts, wood and wood products and cotton yarn, with the first two accounting for over 80 per cent. Sunday Edet Akpan, permanent secretary at Nigeria’s Federal Ministry of Industries, Trade and … [Read more...] about Vietnam, Nigeria eye closer investment, trade ties
VN, Nigeria eye closer investment, trade ties
HCM CITY — There is great potential for trade between Việt Nam and Nigeria and investment in many sectors like agriculture, agricultural processing, garment, footwear, mining, and production of construction materials, a bilateral trade and investment forum heard in HCM City yesterday. Speaking at the forum, Nguyễn Thế Hưng, deputy director of the Việt Nam Chamber of Commerce and Industry (VCCI)’s HCM City branch, said many African countries, including Nigeria, had become increasingly important economic partners of Việt Nam. Trade between Việt Nam and Nigeria has shot up from US$250 million a year in 2012-16 to $433.5 million in 2017, with Việt Nam running a deficit. Việt Nam exports 52 items to Nigeria including mobile phones and components, textiles, footwear, cigarettes and tobacco, plastic products, chemicals, machinery and spare parts, computers, and electronic devices. It imports raw cashew nuts, wood and wood … [Read more...] about VN, Nigeria eye closer investment, trade ties
Jordan’s King Abdullah II talks economy, tourism at WEF
“Our young people are globally connected, tech savvy, fluent in multiple languages, and determined to succeed,” Jordan's King Abdullah II said The forum will enable collaboration on the most pressing challenges facing the Arab World. The opening remarks of the forum saw speeches by Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, Antonio Guterres, the United Nations Secretary-General, and Muhammadu Buhari, the President of Nigeria. “This Forum will be tackling some of the most important issues affecting our region, but they all boil down to a simple reality—our people need you- leaders and partners in so many fields- to act, and the entire world needs you to succeed,” King Abdullah II said. “Our young people are globally connected, tech savvy, fluent in multiple languages, and determined to succeed,” the King added. Regional stability Antonio Guterres, the Secretary-General of the United Nations, praised … [Read more...] about Jordan’s King Abdullah II talks economy, tourism at WEF
World News in Brief: December 15
* China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting January 1, 2019, the finance ministry said on December 14, following a truce in a trade war between the world's two largest economies. * French government planned tough security measures by mobilizing thousands of officers and using armored vehicles to handle more threats of violence as "Yellow Vests" are set to stage a fresh round of nationwide protests on Saturday (December 15), despite President Emmanuel Macron's measures seeking to quell public anger over poor revenue and soaring living costs. * Italian Prime Minister Giuseppe Conte expressed hope on December 14 of reaching a deal with Brussels this weekend over his government's revised 2019 budget to avoid an EU disciplinary procedure, but offered few new concessions. * Cypriot lawmakers on December 14 passed by a majority vote the 2019 state budget after the highly partisan parliament put a block on reforms of the state … [Read more...] about World News in Brief: December 15