Trade investment queensland

Trade Foreign trade value seen exceeding US$500 billion this year The Saigon Times Daily Friday,  Dec 13, 2019,17:42 (GMT+7) Foreign trade value seen exceeding US$500 billion this yearThe Saigon Times Daily Workers process fruit for export at a factory owned by Nafoods Group. Vietnam's foreign trade value may exceed US$500 billion this year - PHOTO: VNA HCMC - Vietnam is expected to enjoy a high trade surplus for the fourth consecutive year and its import-export revenue may surpass US$500 billion this year, according to the Ministry of Industry and Trade. At a regular press briefing by the ministry in Hanoi on December 12, Deputy Minister Do Thang Hai said that the country had a trade surplus of US$2.68 billion in 2016, US$2.7 billion in 2017 and US$7.58 billion last year. The figure may exceed US$9 billion this year. In January-November this year, export revenue grew 8%, while import spending expanded 6.6% over the … [Read more...] about Foreign trade value seen exceeding US$500 billion this year

Minister of Industry and Trade Tran Tuan Anh has requested an investigation into how the son of former minister Vu Huy Hoang was appointed to key positions in major firms owned by the ministry. Former Minister of Industry and Trade Vu Huy Hoang has been questioned for promoting his son Vu Quang Hai for being Deputy Director of Saigon Beer, Alcohol and Beverage Joint Stock Corporation (SABECO) despite Petrovietnam Finance Investment JSC (PVFI) racking up losses of VND220 billion (USD10 million) between 2011 and 2012 under Vu Quang Hai. Industry and Trade Minister Vu Huy Hoang Current industry and trade minister Tran Tuan Anh has requested ministry personnel departments and agencies to review the entire appointment process. The minister also asked PetroVietnam to re-check the documents related to the assignment of Hai as general director of PVFI. SABECO has also been asked to also review Hai’s appointment as deputy director. A from the Vietnam Association of Financial … [Read more...] about Inspection to probe industry & trade ministry nepotism

Production at the Song Hong Garment Company in the Yen Lap industrial zone, Phu Tho Province. This province gives priority for projects using advanced technology. — Photo baophutho.vn The northern province of Phu Tho will prioritise investment projects using advanced technology and high-quality labour to improve production value, Phan Trong Tan, Vice Chairman of Phu Tho Provincial People's Committee told Vietnam News Agency. The province resolutely eliminates projects that are likely to cause environmental pollution and waste large amounts of land and labour. Phu Tho will continue to restructure agricultural production towards increasing added value, applying scientific advances and developing hi-tech agriculture. The agricultural sector will have large-scale production and value chains and strengthen linkage of production, processing and consumption. It will also expand agricultural production regions and develop brands of agricultural products. Nguyen Minh Xuyen, Director of … [Read more...] about Phu Tho prioritises investment projects using modern technology

Vietnam-Hanoi Goods Week 2019 was held in South Korea by Lotte Lasting for five days between November 22 and 26, Vietnam-Hanoi Goods Week 2019 featured several conferences, talks, and meetings between South Korean industrial associations, promotion organisations, and enterprises and Vietnamese peers. As many as 35 enterprises operating in the fields of tourism, farm produce, food and beverage, textile and garment, handicrafts, and cuisine, among others, from Hanoi joined Vietnam-Hanoi Goods Week 2019 in South Korea to promote trade and tourism co-operation. Several conferences, talks, and meetings between South Korean industrial associations, promotion organisations, and enterprises as well as Vietnamese peers were held at Lotte World Tower Mall, Seoul. The activities aimed to promote comprehensive co-operation in investment, trade, and tourism by presenting business opportunities in Vietnam and Hanoi which match the capabilities and experiences of South Korean investors. Besides, … [Read more...] about Vietnam-Hanoi Goods Week 2019 held in South Korea

President Joko Widodo (L) (Photo: AFP/VNA) Jakarta (VNA) - President Joko Widodo on December 12 laid out strategies that could bring about a competitive edge for Indonesia when the country faces pressures from other nations over its trade policies on palm oil and nickel. By reducing imports and boosting exports, the current account deficit could be narrowed and create a stronger comparative advantage for the country, the President said during his visit to automotive manufacturer Isuzu Astra Motor Indonesia (IAMI) in Karawang, West Java.  Indonesia has just shipped Isuzu Straga vehicles to the Philippines. However, within the next three years, the cars will be exported to 20 other countries in Africa, East Asia and the Middle East, he said. Indonesia’s automobile exports needed to be increased to at least 1 million vehicles by 2024, from less than 300,000 vehicles currently. That way the current account deficit can be controlled and the trade balance can be managed, … [Read more...] about Indonesia rolls out strategies to ease economic pressure