Uk trade deficit with germany

Illustrative image (Photo: Vietstock) Jakarta (VNA) - Indonesia is increasing its efforts to penetrate non-traditional markets, with preparations for a trade and investment forum with Latin American and Caribbean countries, and a new platform for doing business with Central and Eastern European countries. Since his first term, President Joko Widodo has pushed government agencies to boost exports to non-traditional markets, as part of his instruction for diplomats to focus more on economic diplomacy. As part of these efforts, the Foreign Ministry has embarked on a series of trade and investment promotion activities to a number of far-flung markets in recent years. The Indonesia -Latin America and Caribbean Business Forum (INA-LAC Business Forum) 2021 is slated for October 14-15 Earlier, Indonesia suceffully hosted the first forum in 2019, and the second one in 2020. According to director general of America and Europe at the Foreign Ministry I Gede Ngurah Swajaya, … [Read more...] about Indonesia promotes trade with non-traditional markets

The complicated Covid-19 pandemic has hugely affected the activities of traditional trade villages in Vietnam with many having to halt their operation to fight against the pandemic as regulated, affecting export orders. To overcome the difficulties, many establishments in these villages have strived to change their production methods with a minor scale to prevent the pandemic. Some photos captured by Sai Gon Giai Phong (SGGP) Newspaper’s reporters about operations at traditional trade villages nationwide. At rice vermicelli making village in Phu Hoa Dong, Cu Chi District Dried shrimp – A famous specialty of Ca Mau Province Workers sew typical conical hats at Go Gang-Phu Gia horse hat-making village in Binh Dinh Province in the pandemic season. The process of  brewing soya sauce at Ban village in the Northern province of Hung Yen Cho Lach ornamental flower village in Ben Tre Province is forecasted to reduce its production by 50 percent due to … [Read more...] about Traditional trade villages step-by-step restore production activities

President Nguyen Xuan Phuc and the Vietnamese delegation visit National September 11 Memorial in NewYork (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc had a meeting with German President Frank-Walter Steinmeier in New York on September 24 (local time), during which the two leaders shared delight at the strong growth of the close and trustful relationship between the two countries over the past 45 years. President Phuc thanked the German Government for providing COVID-19 vaccines to Vietnam both directly and through the COVAX Facility , along with medical supplies to help Vietnam fight the pandemic. The two sides agreed to continue to promote the Vietnam-Germany partnership by increasing the exchange of delegations at all levels, bolstering economic, trade and investment cooperation and expanding collaboration to promising fields, especially renewable energy, supporting industry, machinery manufacturing, and logistics. President Nguyen Xuan Phuc and his … [Read more...] about President meets German counterpart, concludes US trip

Producing garment and textile products for export (Photo: VNA) Hanoi (VNA) - Vietnam's garment export turnover is expected to increase to 16.04 billion USD in the second half of this year from 14.96 billion USD in the first half, the US website Fiber2Fashion reported on August 11. The country’s textile exports recovered in the first half of this year thanks to efforts of relevant sectors to accelerate the vaccination campaign against COVID-19, improve the quality of products, and implement sustainable strategies for the industry. According to Fibre2Fashion’s market analysis tool TexPro, Vietnam's apparel exports reached 31.48 billion in 2019, but dropped by 9.19 percent to 28.59 billion USD in 2020 due to the pandemic. The country earned 15.2 billion USD from textile and garment exports in the first six months of 2021, up 15 percent year-on-year. This is a good result in the context of COVID-19. The Vietnam Textile and Apparel Association (VITAS) said the export turnover of … [Read more...] about Vietnam’s textile & garment exports continue to grow: US site

So said Deputy Minister of Industry and Trade Tran Quoc Khanh during an interview granted to the Vietnam News Agency on the sidelines of a recent economic ministers’ consultation between ASEAN and dialogue partners. He noted the theme of Brunei’s ASEAN Chairmanship 2021 as “We Care, We Prepare, We Prosper”, with 13 priorities and initiatives on economic cooperation. Aside from implementing these initiatives, Vietnam and other ASEAN countries have also actively discussed the continuation of the economic cooperation initiatives proposed by Vietnam as the Chair of the bloc in 2020. ASEAN countries also agreed to maintain the current market opening commitments relevant to trade and investment and to increase trade facilitation measures, Khanh added. He held that the RCEP deal is one of the contributions to the success by Vietnam as in the role last year. Amid the complex COVID-19 pandemic, both ASEAN members and partners hope this agreement will take effect soon, in early 2022, … [Read more...] about Vietnam set to ratify RCEP by November

HÀ NỘI Online shopping through e-commerce platforms by consumers in Hà Nội rose 30-50 per cent in four social distancing periods, according to the city's Department of Industry and Trade. Acting Director of the department Trần Thị Phương Lan said that supplies of goods have been ensured in the city to meet the demand of local residents amid the social distancing measures. The department has also rolled out measures to support farmers in selling their products, while allowing farm produce from 22 other cities and provinces to be sold in the capital city, she said, noting that over 200,000 tonnes of agricultural and aquatic products were consumed in only 10 days as of September 21. Along with creating optimal conditions for the transport of goods, the city has quickly conducted testing and vaccination on labourers working in the goods distribution system. So far, all of them have received at least one COVID-19 vaccine shot, said Lan. She said that the department has urged … [Read more...] about Online shopping rises 50% in Hà Nội during social distancing