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  Executives of companies from the two countries at the India-Việt Nam Textile Cooperation event held in HCM City on November 21.  — VNS Photo HCM CITY — The garment industry has called for investment in the underdeveloped textile, dyeing and fabric segments to meet the global supply chain demand, according to the Việt Nam Textile and Apparel Association (VITAS). Speaking at a business interaction event titled India-Việt Nam Textile Co-operation event held in HCM City on Thursday, Vũ Đức Giang, VITAS chairman, invited Indian companies to invest in the yarn, weaving, dyeing, and printing segments to take advantage of the market access provided by free trade agreements that Việt Nam has signed. He expressed hope that co-operation between India and Việt Nam would benefit both countries. K Srikar Reddy, the Indian consul general in the city, said: “Bilateral trade in textiles between India and Việt Nam has … [Read more...] about Việt Nam, India enhance closer co-operation in textile sector

The US-China trade war may be behind such a record figure. Vietnam’s trade deficit with China hit a record high of US$29 billion in the first ten months of 2019, an increase of nearly US$9 billion over the same period last year, according to the General Department of Vietnam Customs (GDVC). In the January – October period, Vietnam spent over US$62 billion on importing goods from China, up 16.1% year-on-year and accounting for 29.6% of the country’s total imports. While the imports increased sharply, Vietnam's exports to China were about US$33 billion, down 1.4% year-on-year or about US$500 million, accounting for 15% of total exports. Vietnam ran a deficit of over US$24 billion with its giant neighbor in the whole 2018. A report from Bao Viet Securities Company (BVSC) attributed the US – China trade war to the widening of the deficit. Since the trade war between the two major countries broke out, many experts and regulators warned that Chinese goods would seek … [Read more...] about Vietnam Jan-Oct trade deficit with China hits record high of US$29 billion

Executives of companies from the two countries at the India-Viet Nam Textile Cooperation event held in HCM City on November 21. — VNS Photo The garment industry has called for investment in the underdeveloped textile, dyeing and fabric segments to meet the global supply chain demand, according to the Viet Nam Textile and Apparel Association (VITAS). Speaking at a business interaction event titled India-Viet Nam Textile Co-operation event held in HCM City on Thursday, Vu Duc Giang, VITAS chairman, invited Indian companies to invest in the yarn, weaving, dyeing, and printing segments to take advantage of the market access provided by free trade agreements that Viet Nam has signed. He expressed hope that co-operation between India and Viet Nam would benefit both countries. K Srikar Reddy, the Indian consul general in the city, said: “Bilateral trade in textiles between India and Viet Nam has registered impressive growth during the last two years. Indian textile and clothing … [Read more...] about Viet Nam, India enhance closer co-operation in textile sector

Deputy Prime Minister Trinh Dinh Dung (R) receives Australian Ambassador to Vietnam Robyn Mudie on November 22 (Photo: baochinhphu.vn) Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung met with Australian Ambassador to Vietnam Robyn Mudie on November 22, asking the diplomat to further promote the two countries’ exchanges, especially economic and trade cooperation. At the meeting in Hanoi, Deputy PM Dung said the Vietnam-Australia strategic partnership is flourishing, affirming that Vietnam treasures this partnership and considers it a priority in its foreign policy. Bilateral trade reached 7.7 billion USD in 2018, up 19.3 percent from 2017, with nearly 4 billion USD in exports and over 3.7 billion USD in imports by Vietnam. Australia now has 425 investment projects worth over 1.84 billion USD in the Southeast Asian nation, ranking 19th among the 128 foreign investors here. Meanwhile, Vietnam has poured 255.8 million USD into 47 projects in Australia, according to him. … [Read more...] about Deputy PM hopes for stronger Vietnam-Australia economic links

At the opening ceremony (Photo: VNA) Hanoi (VNA) – A photo exhibition showcasing the charm of nature, people and people in Vietnam and China opened in Hanoi on December 26 in celebration of the 10th establishment anniversary of the comprehensive strategic cooperative partnership between the two nations. The exhibition was jointly held by the Vietnam Pictorial of the Vietnam News Agency (VNA) and a magazine of the Guangxi Broadcasting Service (GXBS) of China’s Guangxi Zhuang Autonomous Region. Addressing the opening ceremony, Editor-in-chief of the Vietnam Pictorial Nguyen Thang said the Vietnam-China comprehensive strategic cooperative partnership has maintained positive growth over the years, with their political, diplomatic and economic relations being strengthened continuously. Press agencies of Vietnam and China have always cooperated and assisted each other to fulfil their tasks, he noted, adding that the exhibition serves as proof of effective collaboration … [Read more...] about Photo exhibition on Vietnam, China’s beauty opens in Hanoi