Trade

A booth of Vietnam at an expo in Indonesia (Illustrative photo: VNA)   Jakarta (VNA) – A seminar was held in Jakarta, Indonesia, on November 14 to connect Vietnamese and Indonesian firms, as well as promote bilateral cooperation in the fields of trade, industry and investment. The event, attracting over 100 businesses from both countries, was jointly organised by the Embassy of Vietnam in Indonesia and the Vietnamese Ministry of Industry and Trade, and the Indonesian Food and Beverage Association (GAPMMI). Addressing the event, Vietnamese Ambassador to Indonesia Pham Vinh Quang underlined that Vietnam and Indonesia have nurtured a long-standing relationship and reaped outstanding results in economic and trade cooperation in recent years. However, he pointed out that the results have yet to match potential of both sides. The diplomat emphasised the role of the business communities of Vietnam and Indonesia in lifting bilateral trade revenue to 10 billion USD in 2020. … [Read more...] about Vietnam, Indonesia bolster cooperation in trade, investment

One of the pangolin cages found in the police raid. (Photo provided by local police) Ha Tinh (VNA) - Police in the central province of Ha Tinh have busted a ring of people who illegally traded wild animals for meat, saving a total of 215 pangolins from cages. In an unexpected raid, the police found the pangolins in steel cages at the private house of Tran Trung Thanh, a resident in mountainous Huong Son district. The police seized the mammals and handed them to related wild animal protection and rehabilitation agencies. The police also detained nine locals for further investigation. Pangolin is a protected wild animal due to increasing demand for its meat and scales in Vietnam and China. Some pangolin species have been listed in the red book by the International Union for Conservation of Nature as endangered species. Vietnamese laws prohibit the hunting, killing, caging, trading or transport of wild animals. However, weak enforcement means the consumption of wild animals remains … [Read more...] about Illegal wild animal trading ring busted in Ha Tinh province

KPMG Vietnam unveiled its latest trade initiative for British and Vietnamese exporters According to KPMG, the new trade initiative addresses four pillars of challenges that British and Vietnamese firms may face in bilateral trade relationships. The first one is commercial hurdles, which involve verifying the identity of trading partners as well as detecting possible connections to money-laundering or other types of fraud. The second pillar addresses legal issues related to compliance with local laws and international standards. This includes corporate transparency, ethical questions, and government regulations for both British exporters and their Vietnamese counterparts. Tax, the third pillar, analyses the linkage between tax morality and tax compliance. Last but not least, the fourth pillar deals with customs challenges, ranging from documentation and duties to IT infrastructure and the qualifications of customs officers. KPMG Vietnam leaders welcomed the British diplomats at … [Read more...] about New initiative designed to boost UK-Vietnam trade

Vietnamese Ambassador to Canada Nguyen Duc Hoa speaks at the seminar in Ottawa on September 11 (Photo: VNA) Ottawa (VNA) – New trade and investment opportunities in Vietnam were introduced to Canadian officials and businesses at a seminar in Ottawa on September 11. The seminar marked the opening of Vietnam Week in Canada from September 11 to 17 to celebrate Vietnam’s 73rd National Day and 45 years of bilateral diplomatic ties. It was attended by Donald Bobiash – Assistant Deputy Minister for Asia Pacific of Global Affairs of Canada, Kathleen Donohue – executive director at the Agriculture and Agri-Food Canada, Ladislau Papara – Regional Manager for Asia at the Export Development Canada and Jacques Frémont – President of the University of Ottawa. The Vietnamese side included Minister of Culture, Sports and Tourism Nguyen Ngoc Thien, Vietnamese Ambassador to Canada Nguyen Duc Hoa and Trade Counsellor Do Thu Huong. At … [Read more...] about New trade, investment chances in Vietnam introduced in Canada

Minister of Industry and Trade Tran Tuan Anh (Photo: VNA) Hanoi (VNA) – The economic, trade and investment relations between Vietnam and Norway have reaped positive outcomes in recent time, according to Minister of Industry and Trade Tran Tuan Anh. Norway is one of the economic and trade partners of Vietnam in the North European region, he said in a recent interview granted to the Vietnam News Agency on the occasion of Prime Minister Nguyen Xuan Phuc’s visit to Norway from May 24-26. Two-way trade exceeded 400 million USD in 2018, representing a year-on-year rise of 13.67 percent, he said, adding that Vietnam mainly exported garment-textile, footwear, cashew nut, and wood and timber products while importing aquatic products, machinery, equipment, and other spare parts from the market. According to Statistics Norway, Vietnam, the Philippines and China are the three Asian countries that have maintained stable export growth in the North European nation. In the first four … [Read more...] about Vietnam, Norway boost economic, trade partnership