Free trade agreement

An overview of the panel discussion (Photo: VNA)   Economic ties between African and Middle Eastern countries and Southeast Asia in general, Vietnam in particular is still constrained, said Deputy Prime Minister and Foreign Minister Pham Binh Minh at the two-day conference ‘Meet Ambassadors from the Middle East and Africa 2019’ held by the Ministry of Foreign Affairs from September 9 to 10 in Hanoi. Addressing the panel discussions for boosting trade cooperation within the framework of the conference, Foreign Minister Minh said that despite 16 free trade agreements already being inked, Vietnam has had none with any countries within Africa and the Middle East. Potentials leaving untapped Africa and the Middle East together make up a vast area of 36 million sq.km, with a population of 1.8 billion. Many international experts held that Africa could be the growth momentum for the global economy. Vietnam has established diplomatic relations with 69/70 African and Middle … [Read more...] about Diplomats, firms discuss trade among Vietnam, Africa, Middle East

VGCL President Nguyen Dinh Khang (L) meets with Vice President of Laos Phankham Viphavanh in Vientiane (Photo: VNA)   Vientiane (VNA) – A delegation of the Vietnam General Confederation of Labour (VGCL) led by its President Nguyen Dinh Khang met with Vice President of Laos Phankham Viphavanh in Vientiane on November 18. The Vietnamese delegation is now on a working visit to Laos until November 20. At the meeting, the Lao official affirmed that the visit by the VGCL delegation will strengthen the special solidarity, great friendship and comprehensive cooperation between the two Parties, States and peoples. For his part, the VGCL President briefed his host on the outcomes of his talks with the Lao Federation of Trade Unions (LFTU) Central Committee, pledging that the two sides will bolster cooperation in the coming time, especially in training for young human resources for Laos’ trade union. Earlier the same day, the VGCL delegation joined talks with LFTU President … [Read more...] about Vietnam, Laos bolster trade union cooperation

A corner of Dubai, UAE (Photo: vinanet.vn) HCM City (VNA) – Ho Chi Minh City wants to promote trade and investment ties with the United Arab Emirates (UAE) as there is a huge room for both sides for cooperation, according to a trade official of the city administration. Cao Thi Phi Van, Deputy Director of the city’s Investment and Trade Promotion Centre (ITPC), said the UAE is a focus in the city’s plan to bolster trade with the Middle East and Africa. However, the country currently ranks only the 43rd out of 100 countries and territories landing investment in the city with nearly 10 million USD in 11 projects. In addition, the city’s exports to the UAE accounted for only one fifth of the total Vietnamese shipments to the nation. To expand access to this market, the ITPC has arranged for two business delegations led by Chairman of the municipal People’s Committee Nguyen Thanh Phong to visit the Middle East country in February and October this year. … [Read more...] about HCM City wants to step up trade, investment ties with UAE

Asia News Japan lower house passes U.S. trade deal; auto tariffs still in question The Saigon Times Daily Tuesday,  Nov 19, 2019,16:19 (GMT+7) Japan lower house passes U.S. trade deal; auto tariffs still in questionThe Saigon Times Daily U.S. President Donald Trump greets Japan's Prime Minister Shinzo Abe during a meeting on the sidelines of the 74th session of the United Nations General Assembly (UNGA) in New York City, New York, U.S., September 25, 2019 – PHOTO: REUTERS TOKYO (REUTERS) - Japan’s lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including U.S. farm goods and Japanese machine tools. But there is uncertainty over how much progress Japan can make in negotiating the elimination of U.S. tariffs on its cars and car parts, casting doubt on Abe’s assurances the deal he … [Read more...] about Japan lower house passes U.S. trade deal; auto tariffs still in question

Deputy Prime Minister Trinh Dinh Dung (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung will pay working visits to the United Arab Emirates (UAE) and the United Republic of Tanzania from July 6 to 13. The visits are made at the invitation of the governments of the UAE and Tanzania, according to Vietnam’s Ministry of Foreign Affairs. The UAE is the biggest importer of Vietnam in the Middle East and Africa at present. In 2018, two-way trade hit 5.76 billion USD, of which 5.2 billion USD was Vietnamese exports. Vietnam and Tanzania established diplomatic ties in 1965. Both countries have signed a number of cooperation agreements in economy, trade, science and technology.-VNA VNA … [Read more...] about Deputy PM Trinh Dinh Dung to visit UAE, Tanzania