Trade war public opinion

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

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

Deputy Minister of Industry and Trade Do Thang Hai speaks at the forum (Photo: VNA) Mexico City (VNA) – A delegation of 23 Vietnamese entrepreneurs, led by Deputy Minister of Industry and Trade Do Thang Hai , attended the Vietnam-Mexico Business Forum in Mexico City on July 4, aiming to seek cooperation opportunities with the host country’s partners. Undersecretary for Foreign Trade in Mexico 's Secretariat of Economy Luz Maria de la Mora spoke highly of the bilateral economic and trade relations, affirming that Mexico considers Vietnam a strategic market in the Asia-Pacific region. She expressed her hope that the two countries’ authorised agencies will continue strengthening close coordination in the coming time and their businesses will effectively take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), contributing to promoting bilateral trade turnover as well as post-pandemic economic recovery. The official affirmed … [Read more...] about Vietnam, Mexico promote economic, trade, investment cooperation

From the beginning of the trading session, financial stocks, such as banks and securities, gained positively, keeping the VN-Index from falling sharply even though many sectors were flooded in the red. Banking stocks that climbed the most on the floor at approximately 3 percent were VIB, BID, TCB, CTG, and MBB. Securities stocks, like VCI, HCM, and VND, also remained in an upward trend. Besides, penny-chip stocks, like HAG, AMD, ITA, and HNG, and steel stocks, including HPG, HSG, and NKG, also went up because of vibrant trading. In contrast, energy and seafood stocks dropped sharply. Specifically, VHC declined by 4.2 percent, ACL retreated by 5.1 percent, NT2 sank by 5.6 percent, VSH slumped by 4.9 percent, and REE slid by 3.5 percent. As a result, the market still dropped slightly. Closing the morning session, the VN-Index deleted 4.5 points, or 0.38 percent, to 1,191.03 points. On the Hanoi Stock Exchange, the HNX-Index also went down by 2.04 points, or 0.73 percent, to 279.15 … [Read more...] about VN-Index loses nearly 15 points on selling pressure

Workers at a factory in Binh Duong province (Photo: VNA) A worker’s monthly income usually consists of the base salary, overtime pay and allowances. Do Thi Thu Hoai, an employee in Phu Tho province, said: “I have been working at this company here for five years, but the allowances have remained the same for me. “I see that several other companies provide an amount for accommodation support, but here we don’t receive any.” Each month, she receives her base salary of VND4.4 million (US$188), alongside the allowances of VND300,000 for diligent attendance, VBD150,000 for fuel charges, and VND30,000 for female employees. There was an allowance for employees with children of VND100,000 (US$4.30) per month, but this no longer exists, she said. She added that not only have these amounts remained unchanged throughout the years, but they also follow a very strict policy. The allowance for diligence, for example, can only be given if the employee has perfect attendance in that … [Read more...] about Workers hope for allowance increase amid price surge

At the event (Photo: VNA) HCM City (VNA) – About 200 Vietnamese and Indian enterprises in the pharmaceutical and medical field participated in a networking event in Ho Chi Minh City on July 5, together exploring their ‘golden’ cooperation and investment opportunities in the post-pandemic period. The annual conference was co-organised by the Vietnam Chamber of Commerce and Industry's Branch in Ho Chi Minh City ( VCCI-HCM ) and the Pharmaceuticals Export Promotion Council of India ( Pharmexcil ). As heard at the function, businesses of the sides are looking for joint pharmaceutical partnerships, particularly in COVID-19 vaccine production. In the medical area, outstanding Indian projects in Vietnam include a 500-million-USD pharmaceutical industrial park in Thanh Hoa province and an international pharmaceutical park worth 10-12 billion USD in Hai Duong province. Recently, Vietnam revised regulations and Indian businesses meeting the quality requirements are … [Read more...] about 200 Vietnamese, Indian medical firms join annual networking event