India vietnam defense cooperation

The Vietnamese Government for its part would create utmost conditions for South Korean companies to succeed in Vietnam and commit long-term presence in the country. Vietnam and South Korea aim for a bilateral trade turnover of US$100 billion by 2023 and $150 billion by 2030 while striving for a more harmonious trade balance for mutual benefit. Prime Minister Pham Minh Chinh at the phone talk. Source: VGP The view was shared during a phone talk between Prime Minister Pham Minh Chinh and his South Korean counterpart Han Duck-soo on July 5. At the talk, Chinh congratulated Han on his appointment as South Korea’s Prime Minister. The Vietnamese leader ssid bilateral relations have been on the rise amid a volatile world and severe Covid-19 impacts. “Both countries have been top partners of each other, especially in economy, trade, and investment,” Chinh said. According to Chinh, Vietnam remains steadfast in pursuing an independent foreign policy based on … [Read more...] about Vietnam, S.Korea aim for a US$150 billion trade turnover by 2030

Vietnam expands exports of premium rice segment Specifically, Vietnam's 5 percent broken rice average price hit US$418 a ton, $8 per ton higher than that of Thailand, $30 a ton more than Pakistan's, and $75 per ton in India. Vietnam's 5 percent broken rice is the premium rice segment. Meanwhile, the price of Vietnam’s 25 percent broken rice segment for export is $403 a ton, equal to Thailand but higher than Pakistan and India from $35-$75 a ton. Vietnam's premium rice segment has also been exported to Japan and Europe. Specifically, Tan Long Group’s A An rice was officially displayed in supermarket chains in Japan; moreover, the group has just successfully exported a shipment of ST25 rice branded A An to Japan while Loc Troi Group has exported 500 tons of Loc Troi brand Vietnamese rice fragrant rice to Europe. By Vinh Tuong - Translated by Anh Quan … [Read more...] about Vietnam expands exports of premium rice segment

Deputy Minister of Industry and Trade Do Thang Hai speaks at the forum (Photo: VNA) Mexico City (VNA) – A delegation of 23 Vietnamese entrepreneurs, led by Deputy Minister of Industry and Trade Do Thang Hai , attended the Vietnam-Mexico Business Forum in Mexico City on July 4, aiming to seek cooperation opportunities with the host country’s partners. Undersecretary for Foreign Trade in Mexico 's Secretariat of Economy Luz Maria de la Mora spoke highly of the bilateral economic and trade relations, affirming that Mexico considers Vietnam a strategic market in the Asia-Pacific region. She expressed her hope that the two countries’ authorised agencies will continue strengthening close coordination in the coming time and their businesses will effectively take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), contributing to promoting bilateral trade turnover as well as post-pandemic economic recovery. The official affirmed … [Read more...] about Vietnam, Mexico promote economic, trade, investment cooperation

True Italian Taste 2022's theme of “Authentic Italian Table - Italian Breakfast & Aperitivo” introduces an overview of Italian breakfast – its practice, special features and local staples of Tuscany region. (Photo courtesy of Multimedia JSC) HCM City (VNS/VNA) - True Italian Taste 2022, a project aiming to promote authentic Italian cuisine to the world, has kicked off in Vietnam. The project is promoted and financed by the Italian Minister of Foreign Affairs and International Cooperation to promote and safeguard authentic and quality Italian products. It is coordinated by Assocamerestero (Association of Italian Chambers of Commerce Abroad) in collaboration with the Italian Chamber of Commerce in Vietnam (ICHAM), with the patronage of the Embassy of Italy in Vietnam. The theme of this year’s project is “Authentic Italian Table - Italian Breakfast & Aperitivo” which introduces an overview of Italian breakfast – its practice, special features and local staples of the … [Read more...] about True Italian Taste 2022 promotes Italian cuisine in Vietnam

Deputy Foreign Minister Pham Quang Hieu co-chairs the second political consultation at foreign deputy ministerial level with Qatari Minister of State for Foreign Affairs Soltan bin Saad Al-Muraikhi . (Photo: VNA) Hanoi (VNA) – Deputy Foreign Minister Pham Quang Hieu was on a visit to Qatar on July 4 – 5 where he co-chaired a political consultation at foreign deputy ministerial level, the second of its kind, with Minister of State for Foreign Affairs Soltan bin Saad Al-Muraikhi. Hieu also paid a courtesy call to Qatari Deputy Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani and met with Saleh bin Majid Al-Khulaifi, Assistant Undersecretary for Commerce Affairs at the Qatari Ministry of Commerce and Industry; Mansoor bin Ebrahim Al-Mahmoud, CEO at Qatar Investment Authority; and Mohammed Bin Ahmed Twar Al Kuwari, First Vice Chairman of Qatar’s Chamber of Commerce and Industry. At the meetings, the two sides expressed delight at the … [Read more...] about Vietnam, Qatar hold second deputy foreign ministerial political consultation

At the mid-term review meeting (Photo: MPI) Hanoi (VNA) – The Vietnamese Ministry of Planning and Investment (MPI), in coordination with the Japanese Embassy in Vietnam and the Japan-Vietnam Economic Committee under the Japan Business Federation (KEIDANREN), held a mid-term review meeting for the Vietnam-Japan Joint Initiative (eighth phase) in Hanoi on July 5. It was reported at the meeting that 47 out of the total 80 sub-items in the joint initiative have been well implemented as scheduled so far, 15 are underway, six make no progress, and work will start on 12 others in the time ahead. Do Nhat Hoang, head of the Foreign Investment Agency under the MPI, said Vietnamese ministries and agencies have coordinated with the Japanese side to implement commitments in the action plan of the initiative. Vietnam’s commitment to materialising the joint initiative manifests the government’s resolve to improve the domestic investment environment, he said. Many legal documents … [Read more...] about Vietnam, Japan review joint initiative

The US Department of Agriculture (USDA) noted the market is fond of fragrant rice from Vietnam, including the ST25, one of the world's best rice varieties. Vietnam’s rice exports to the US surged by 71.3% during the first five months of this year, the highest increase in all major markets. Vietnam continues to be among the world's major rice exports. File photo A report from the Ministry of Agriculture and Rural Development (MARD) showed Vietnam’s rice export volume in the first half of 2022 reached 3.52 million tons for US$1.72 billion, up 16.2% year-on-year and 4.6% in value. The Philippines remained Vietnam’s largest rice buyer during the January-May period, accounting for 43.6% of the market share. Vietnam exported over 1.27 million tons of rice to the Philippines in the first five months of 2022 worth $589 million, representing an increase of 34.8% in volume and 17.7% in value on-year. Along with the Philippines, the US has now emerged as a key … [Read more...] about Vietnam’s rice exports to US surge by 71% in January-May

The banking sector is set to continue promoting the use of non-cash payment methods with greater convenience and safety for the public. The State Bank of Vietnam (SBV) targets to have 65-70% of the public in the age group of 15 and above to have bank accounts this year. A customer at Nam A Bank. File photo The move was part of the central bank’s decision No.1097/QD-NHNN, mapping out the plan for digital transformation in the banking sector in 2022. Other objectives include 100% of online public services under the administration of the SBV being integrated into the national online public services portal; the rate of people and businesses using online public services related to banking and finance matters of 80%; and 100% administrative procedures are processed online. To push for these goals, the SBV is expected to draft a Government decree on supervising the operation of fintech and promote the use of online public services across the sector. In this … [Read more...] about Vietnam targets 70% of population to have bank accounts in 2022

Vietnam has opportunity for exports of agricultural products In the middle of May, India, the world's second biggest producer of cereal, announced a ban on wheat exports as a part of measures to control rising domestic prices amid concerns of output being hit by a scorching heatwave. The price of wheat has jumped in the international markets resulting in an acceleration of cereal prices because in March, the government of Ukraine, one of the world's top grain exporters, banned the export of wheat, oats, and many staples which are important to the global food supply Also in March, Russia's Prime Minister on March 14 signed a decree banning the export of white and raw sugar until Aug 31, and banning wheat, rye, barley, and maize exports to neighboring Eurasian Economic Union states. Another thing that has also attracted the attention of many countries is Indonesia's decision to ban all exports of crude palm oil and cooking oil at the end of April. Although this ban lasted only … [Read more...] about Vietnam has opportunity for exports of agricultural products

Cooperation bringing Vietnam-ese tourism to new heights Changes in tourist behaviour and intentions, along with challenges in the context of a gradual recovery of the industry, are affecting the development strategies of Vietnam’s leading tourism-hotel groups. Corporations such as Sun Group, Vingroup, Bitexco, and CEO Group are leaning toward cooperating with international hotel management groups instead of building and developing their own resorts as before. This approach seems to be helping domestic and international brands take advantage of each other’s strengths, with one side possessing economic potential and market knowledge while the other brings brand name and management experience. Marriott International, on June 22, signed a strategic agreement with Vinpearl, Vietnam’s largest hospitality and leisure chain, which currently operates 35 hotels and resorts spanning 17 cities and provinces. The agreement will contribute to converting and developing 2,200 rooms across … [Read more...] about Cooperation bringing Vietnamese tourism to new heights