When vietnam will open borders

A tropical depression in the East Vietnam Sea developed into a storm on Thursday morning, marking the first tropical storm to hit the Southeast Asian country this year. The storm, named Chaba, was located 400 kilometers east of Vietnam's Hoang Sa (Paracel) archipelago at 10:00 am on Thursday, according to the National Center for Hydro-meteorological Forecasting. The average wind speed was recorded at 62-74km per hour, and gusts were up to 100km an hour. Storm Chaba is expected to travel northwest in the next 48 hours. As of 10:00 am on Saturday, the storm will be situated 120 kilometers northeast of China’s Hainan Island, packing winds at 62-88km per hour. Due to the influence of the storm, rough seas, strong winds, and waves as high as three to five meters will occur in the northern part of the East Vietnam Sea. The border guard command reported on Thursday morning that it had warned nearly 60,000 ships of the storm. The National Steering Committee for Natural Disaster … [Read more...] about East Vietnam Sea hit by first tropical storm of 2022

The Vietnam International Cafe Show 2022 will open in HCM City in July. — VNS Photo More than 200 domestic and international exhibitors will participate in a coffee, food and beverage exhibition called Viet Nam International Cafe Show 2022 from July 21 to July 23 at the Sai Gon International Exhibition and Convention Center (SECC) in HCM City. This annual event, which is part of a series of Cafe Show exhibitions in Seoul, Shanghai, Paris and Viet Nam, is an opportunity for leading domestic and foreign managers and experts to meet and share orientations, strategies, solutions and practical management tools in the manufacturing, processing, and distributing industry of coffee, tea, food and beverage for restaurants, hotels and other food service businesses. The event is organised by Exporum Vietnam Company and sponsored by Viet Nam Coffee - Cocoa Association, Buon Ma Thuot Coffee Association, Trade Promotion Agencies in Viet Nam and other agencies. Joining the event will be … [Read more...] about Vietnam International Café Show 2022 to open in HCM City

An overview of the forum (Photo: VNA) Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue attended the Vietnam-UK high-level forum on economy and trade in London on June 29 (local time), as part of the leader’s ongoing visit to the UK. Aiming to seek stronger economic, trade and investment partnership between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, Britain Secretary of State for International Trade Anne Marie Trevelyan, and MP Graham Stuart, UK Prime Minister's Trade Envoy to Vietnam, and a large number of Vietnamese and Britain businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Vietnam-UK Strategic Partnership , as well as great chances for both sides to bolster their ties from the UK-Vietnam Free Trade Agreement ( UKVFTA ). He underlined that both sides should optimise advantages from the deal by encouraging the promotion of the two-way trade and investment, and creating favourable … [Read more...] about NA Chairman attends Vietnam-UK high-level forum on economy, trade

It would cost about VND 1.20 trillion (USD 52.18 million) to fill the Nui Beo open-cast coal mine pit in Ha Long City after closure. Nui Beo used to be the biggest open cast coal source in Ha Long City with an average annual output of five million tonnes. Ngo The Phiet, director of Nui Beo Coal Joint Stock Company under the Vietnam National Coal and Mineral Industries Group said that they are planning to fill the mined area. "The two pits are some 125 metres deep in Ha Tu Ward, Ha Long City," he said. "We may need some 30 million cubic metres of soil to fill these two pits." The official estimated that the work would cost VND 1.20 trillion (USD 52.18 million) and last until 2030. "With the current fuel price hike, the cost may rise to between VND 1.50-1.60 trillion," he said. "Meanwhile, our annual profits now stand at only between VND40-50 billion". Nui Beo, the largest open-cast coal mine in the northern province of Quang Ninh was closed in … [Read more...] about Huge costs for filling Ha Long largest open-cast coal mine

Aiming to seek stronger economic, trade and investment partnership between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, Britain Secretary of State for International Trade Anne Marie Trevelyan, and MP Graham Stuart, U.K. Prime Minister's Trade Envoy to Vietnam, and a large number of Vietnamese and Britain businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Vietnam-U.K. Strategic Partnership, as well as great chances for both sides to bolster their ties from the U.K.-Vietnam Free Trade Agreement (UKVFTA). He underlined that both sides should optimize advantages from the deal by encouraging the promotion of the two-way trade and investment, and creating favorable conditions for enterprises of both sides to explore each other’s market and foster connection, thus striving for a trade value of over USD 10 billion by 2023. Thanh affirmed Vietnam's high political determination in realizing commitments made at the … [Read more...] about N.A. Chairman attends Vietnam-U.K. high-level forum on economy, trade

Outstanding tariff preferences The British Embassy in Vietnam has forecast that Vietnam will save about US$151 million in tariffs from the deal, while the UK stands to save around US$36 million. Although the UKVFTA took effect at a time when the pandemic was ravaging the two countries, bilateral trade still reached US$6.6 billion in the pact’s first year. In fact, 65 percent of all tariffs have already been eliminated from UK-Vietnam trade. In the first six years of the deal, the UK will eliminate 99.2 percent of tariff lines on Vietnam’s imports. This is higher than the terms of the EU-Vietnam Free Trade Agreement (EVFTA) with 70.3 percent tariff elimination. Vietnam pledges to eliminate 48.5 percent of tariffs, matching other EU countries under the EVFTA. Import tax on most types of Vietnam’s raw shrimp into the UK is being scrapped Other tariff preferences in the UKVFTA include zeroing out import tax on most types of raw shrimp into the UK from 10-20 percent; a … [Read more...] about UK trade pact benefits Vietnam