Nigeria pushes trade ties with Viet Nam (10-04-2009) Workers prepare rice for export at the Cuu Long Food Enterprise in Can Tho City. Nigeria is a potential importer of Vietnamese rice. — VNA/VNS Photo Dinh Hue HA NOI — Vietnamese and Nigerian businesses participated in a forum yesterday to boost trade ties between the two countries. Two-way trade has grown significantly during recent years as better understanding between business circles in each country developed. There were also some promotional activities. Sani Bako, Charge d’Affaires of the Nigerian Embassy in Ha Noi, said Nigeria has the second largest trade industry in Africa. Nigeria’s annual demand for imports of many Vietnamese goods is high, especially rice. Bako said the Nigerian Government has abolished all taxes and fees on rice imports in order to help alleviate the food crisis, which could be a great opportunity for Viet Nam’s rice exporters. The Nigerian embassy in Ha Noi wants to … [Read more...] about Nigeria pushes trade ties with Viet Nam
Fair trade ties
TPP holds out prospect of strong trade ties with U.S. Tu Hoang By Tu Hoang - The Saigon Times Daily HANOI – Vietnamese companies would benefit from Vietnam’s growing trade and investment relations with the United States when the multilateral trade agreement Trans-Pacific Partnership (TPP) is signed, heard a seminar on investment and business opportunities stateside in Hanoi on March 9. At the seminar held by the Law Office of Sterling Harwood and the Hanoi Young Entrepreneurs’ Association, investment consultant Dang Duc Dung, former vice chairman of the association, said that TPP would open up a host of opportunities for enterprises to enter the U.S. market. “TPP will give us many chances to tap into the U.S. It is not easy to enter this market, but once we get into it, the competition is fair.” To penetrate the U.S. market, Vietnamese enterprises need to have legal counsels, partner with U.S. firms or directly invest in projects, according to Dung. … [Read more...] about TPP holds out prospect of strong trade ties with U.S.
Vietnamese Minister of Industry and Trade Vũ Huy Hoàng, as the Vietnamese Chair of TIFA Council, hailed the move as a significant initiative as the two sides' agricultural products will not compete with each other. The US, apart from licensing the imports of dragon fruits and rambutan from Việt Nam, will permit the import of lichi, longan, mango and star apples from the Southeast Asian country. For its part, the Vietnamese side will import pear, apple, grape and cherry fruits from the US. Minister Hoàng said that during his meeting with US Trade Representative Ron Kirk, the two sides reviewed what they had done, evaluated problems arising from the past cooperation, and discussed measures and orientations for future cooperation. Earlier, the TIFA Secretariat held five preparatory sessions on May 19-20 on market access, intellectual property, telecommunications, government purchase and agriculture, and a plenum session to review the results of bilateral cooperation and discuss future … [Read more...] about VN, US make new progress in trade ties
GSP Expected to Boost Vietnam-US Trade Ties Chairman of the Vietnamese Chamber of Commerce and Industry (VCCI) Vu Tien Loc has recently sent a letter to the US Trade Representative Susan Schwab to express the Vietnamese business community’s agreement to the US’s plan to add Vietnam to the list of countries offered the Generalized System of Preferences. GSP is an assistance programme that several developed countries offer developing countries by reducing import taxes on their products. Currently, the US is granting GSP for 132 countries and territories with around 3,400 tax lines. Vietnam is exporting 1,000 products of these tax lines. In a letter, the VCCI chairman affirmed that “Being a WTO member from November 1, 2007 and signing and implementing over 200 bilateral trade agreements with international partners, Vietnam is making efforts to further integrate into the world economy under market and trade liberalisation regulations. Local government has carried … [Read more...] about GSP Expected to Boost Vietnam-US Trade Ties
Vietnam, Bangladesh Boosting Investment, Trade Ties The Vietnam Chamber of Commerce and Industry (VCCI) and the Bangladesh Embassy in Vietnam held a business forum in Hanoi June 3 to further boost the bilateral investment and trade relations. The forum was organized on the occasion of the on-going visit of a Bangladesh business delegation led by President of the International Business Forum of Bangladesh (IBFB) Mahmudul Islam Chowdhury. The delegation, which comprises 32 enterprises operating in the fields of garments, steel, finance, banking, real estate, agriculture, food, cars, motorcycles and cold storage, will conclude its five-day on June 5. Vietnamese Deputy Minister of Industry and Trade Ho Thi Kim Thoa called on businesses of the two countries to boost information exchange on investment and trade policies, trade promotion programs and the list of trade fairs to be held in each country. Trade between Vietnam and Bangladesh soared 27% from a year earlier to US$82 million in … [Read more...] about Vietnam, Bangladesh Boosting Investment, Trade Ties