Singaporean Prime Minister Lee Hsien Loong and Brazilian President Michel Temer before a bilateral meeting on the first day of the G-20 summit on November 30. (Photo: Straitstimes) Buenos Aires (VNA) – Singaporean Prime Minister Lee Hsien Loong and outgoing Brazilian President Michel Temer on December 1 pledged to continue strengthening cooperation and expanding bilateral trade ties. During their meeting on the sidelines of the G20 Summit, which freshly wrapped up in Buenos Aires, Argentina, Temer informed about Brazil’s economic achievements over the past two years and said his country is preparing to welcome foreign investments through an investment partnership programme, including a number of private projects in the field of infrastructure. For his part, the Singaporean leader said Brazil is an important trade partner and a main poultry meat exporter of Singapore. He voiced his support for the economic policy that Brasilia is implementing to help the Southeast … [Read more...] about Singapore, Brazil agree to expand trade relations
Brazil foreign policy
DPM Hue to visit U.S., Brazil, Chile next week
Deputy PM Vuong Dinh Hue He will be accompanied by Minister of Transport Nguyen Van The, deputy head of the Central Economic Commission Tran Sy Thanh, Deputy Minister of Foreign Affairs Ha Kim Ngoc, Deputy Minister of Planning and Investment Vu Dai Thang, Deputy Minister of Industry and Trade Do Thang Hai, Deputy Minister of Finance Huynh Quang Hai, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan, Deputy Governor of the State Bank of Viet Nam Nguyen Thi Hong and Vice Chairman of the Government Office Nguyen Sy Hiep. The Deputy PM’s official visit to the U.S. from June 25-27 aims to maintain and enhance the two countries’ diplomatic relations, affirming Viet Nam’s wish to accelerate cooperation with the U.S. within the Comprehensive Partnership, and seeking ways to promote bilateral economic, trade and investment ties on the basis of mutual interests. He will attend the Viet Nam Executive Leadership Program (VELP) in Harvard University, Boston. … [Read more...] about DPM Hue to visit U.S., Brazil, Chile next week
Local wind power tempting despite low incentives
Investors are keeping their faith in Vietnam’s wind power sector, even though it is not taking off due to an unbankable purchase power agreement, seven years after the government released the incentives for wind power projects. Local wind power tempting despite low incentives Asked whether investors would contemplate leaving Vietnam’s wind sector, Morten Dyholm, vice president of Vestas Group, stated that investors see great potential, huge demand, and strong political commitment here. Wind power is one of the most competitive energy sources globally and one of the fastest-growing industries in the world. “Thus, global firms will not leave this market,” he said, adding that a series of petitions have already been submitted. Having co-operated with many investors, Duong Tan Long, head of the Energy and Electricity at the Binh Thuan Department of Industry and Trade, said that foreign investors are still waiting for feed-in-tariff (FiT) adjustments as … [Read more...] about Local wind power tempting despite low incentives
Building law on cyber security: a must in current situation
Full-time National Assembly deputies discussed the draft Law on Cyber Security at a conference held by the NA Standing Committee on April 4, 2018 (Photo: VNA) Hanoi, (VLLF/VNA) - The draft Law on Cyber Security, which is scheduled to be passed by the 14th National Assembly at its ongoing session, contains some new provisions which raise public concerns. The Vietnam Law and Legal Forum, under the Vietnam News Agency, talks with Lieutenant General Hoang Phuoc Thuan, Director of the Cyber Security Department of the Ministry of Public Security, about some controversial issues governed by the draft law. Over the past few years, the cyber security situation has developed complicatedly. Series of cyber-attacks and security incidents have been reported by local media. Could you elaborate on the necessity to make the Law on Cyber Security in Vietnam today? The cyber security situation in the world and Vietnam is undergoing complicated developments. There … [Read more...] about Building law on cyber security: a must in current situation
Vietnam boosts investment cooperation with Brazil, US
Deputy Prime Minister Vuong Dinh Hue receives the Ambassador of Brazil Antonio Diniz Brandão (Source: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue received the Ambassadors of Brazil and the US in Hanoi on May 9 to discuss preparations for his upcoming visits to the two nations. At the working session with the Brazilian Ambassador, Hue expressed that Vietnam attaches importance to the role of Brazil – one of the most important trade partners of Vietnam in Latin America. The two countries have a lot to do to realise their goal of 10 billion USD in two-way trade. The Deputy PM said Vietnam and Brazil could cooperate in such areas as production and processing, trade of coffee and seafood, renewable energy, bio-technology and defence industry. They should create conditions for their businesses to access each other’s markets. He expressed his wish that the two governments will set up important links in education, defence, aviation, agriculture and … [Read more...] about Vietnam boosts investment cooperation with Brazil, US
BUSINESS IN BRIEF 16/4
Poultry breeding heats up again General manager CP Vietnam Montri Suwanposri said that Vietnam’s poultry prices are closer with prices of other countries; accordingly, CP Vietnam will sell chicken to Japan after finishing paper works as per the partners’ requirement. Montri Suwanposri added that C.P in Thailand is the leading firm exporting chicken meat to Japan for years with the quantity of five million a week. There has been an increase in poutry meat orders lately because many countries banned import chicken from Brazil , an exporter of chicken to Japan, after food safety scandal. These countries switched to import chicken meat from Asian countries especially Thailand. At present, prices of poultry in hi-tech farms in Vietnam is similar to chicken prices in other Asian countries, accordingly, C.P Thailand will share its orders with Vietnamese firms and C.P Vietnam has planned to sell chicken meat to Japan in 2019. In 2017, Vietnam’s livestock sector marked its … [Read more...] about BUSINESS IN BRIEF 16/4
Zuckerberg testimony to Congress: ‘My mistake, I’m sorry’
Facebook CEO Mark Zuckerberg (2nd left) arrives at a meeting with US Senator Bill Nelson (D-FL), ranking member of the Senate Committee on Commerce, Science, and Transportation, on Capitol Hill in Washington, DC. (Alex Wong/Getty Images/AFP) Facebook chief Mark Zuckerberg placed the blame for privacy and security lapses at the world's largest social network squarely on himself as he girded on Monday (Apr 9) for appearances this week on Capitol Hill before angry lawmakers. In prepared remarks released by a congressional panel, Zuckerberg admitted he was too idealistic and failed to grasp how the platform - used by 2 billion people - could be abused and manipulated. The 33-year-old is to testify before senators on Tuesday and House lawmakers on Wednesday amid a firestorm over the hijacking of data on millions of Facebook users by the British firm Cambridge Analytica, which worked with Donald Trump's campaign. On Monday, Zuckerberg ditched his trademark T-shirt for a suit and tie as he … [Read more...] about Zuckerberg testimony to Congress: ‘My mistake, I’m sorry’
Textile firm sees profit down 1.3%
The Thanh Cong Textile Garment Investment Trading Joint Stock Company saw both revenue and profit down 1.3 per cent in 2018, due to poor business performance and foreseeable difficulties and challenges ahead.— Photo cafef.vn The Thanh Cong Textile Garment Investment Trading Joint Stock Company saw both revenue and profit down 1.3 per cent in 2018, due to poor business performance and foreseeable difficulties and challenges ahead. During the company’s 2018 Annual General Meeting of Shareholders held on April 6, the company, listed on the Ho Chi Minh Stock Exchange under code TCM, announced a 2018 target pre-tax profit of VND189.5 billion (US$139 million) in pre-tax profit in 2018. It also revealed plans to earn VND3.1 trillion in revenue this year. TMC shares down 17.8 per cent compared to the beginning of this year and down 20.2 per cent compared to its highest peak ever recorded on January 15, 2018. TCM Chairwoman Phan Thi Hue told online newspaper ndh.vn the firm … [Read more...] about Textile firm sees profit down 1.3%
China’s trade growth cools in December
December 2017 exports rose 10.9 percent over a year earlier to $231.7 billion, down from the previous month's 12.3 percent growth, customs data showed Friday. Imports expanded 4.5 percent to $177.1 billion, down from November's 17.7 percent gain.The politically volatile global trade surplus stood at $422.5 billion, down from $486 billion in 2016.Beijing faces mounting pressure from Washington and Europe over complaints over trade barriers and that Chinese exports of unfairly low-priced steel and some other goods are threatening jobs abroad.French President Emmanuel Macron warned this week during a visit to Beijing that Chinese leaders must open their markets wider or face the risk other nations might close theirs.For its part, the government of U.S. President Donald Trump is investigating whether Beijing improperly pressures foreign companies to hand over technology. Results are expected to be announced this month."Downside risks remain, in particular from more forceful U.S. trade … [Read more...] about China’s trade growth cools in December
Tây Ninh works towards organic farming
Located in the southern key economic zone, the proivnce has devoted more than 65 per cent of its total 270,000ha of land to agricultural production.Other advantages for agricultural development in the province include soil suited to many types of crops and the largest irrigation system in the country, Dầu Tiếng, which can supply water to 47,000ha of farmland.As for its potential for agricultural production, the province has sent its request to the Prime Minister and Ministry of Agriculture and Rural Development to be the first in the country to pilot the national organic agricultural development project for the 2018-2025 term.The PM has urged the ministry to complete the project’s plan which includes guidelines for organic farming adaptation, and incentives and support measures for agricultural producers.In the meantime, Tây Ninh has launched its own agricultural development plan which involves the use of technology in agricultural restructuring. It plans to set … [Read more...] about Tây Ninh works towards organic farming