Trump, Kim begin second working dayInternational journalists praise host’s effortsHà Nội citizens look forward to peaceTrump tells Kim they have made progressUS President Trump meets with DPRK Chairman Kim 1.38 PM Reuters says no agreement has been reached 1.31 PM Jounalists are all waiting at the Marriot Hotel ahead of the press conference with President Trump. 1.30 PM Chairman Kim has arrived at Melia Hotel. Video is to follow. 1.27 PM The motorcade of Chairman Kim has left the Metropole Hotel. So did Trump. Both ahead of schedule. 1.23 PM President Trump is reportedly set to fly out on Air Force 1 after his press conference at Hanoi Marriot Hotel. 1.20 PM South Korean market seems to fall amid reports on potential collapse of Trump-Kim talks 1.17 PM It seems that President Trump is about to leave the Metropole hotel soon. Here is the latest tweet from David Nakamura, White House reporter … [Read more...] about BREAKING NEWS: NO AGREEMENT REACHED
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BUSINESS NEWS IN BRIEF 19/12
VN wood and furniture firms eye Mexico, Canada Mexico and Canada will be promising markets for Viet Nam’s wood and furniture products when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in early 2019, according to the Ministry of Industry and Trade. Deputy Minister Tran Quoc Khanh said exports to Canada were worth over US$129 million last year and are expected to top $140 million this year. “The CPTPP will open opportunities for products such as wood flooring and bars to Canada because the market will immediately scrap the import tariff of 3.5 per cent when the agreement comes into effect. “Products such as plywood, picture frames, door frames and especially furniture will also have an opportunity because import tariffs of between 6 per cent and 9.5 per cent will be eliminated as soon as the agreement comes into effect. “Wooden handicrafts will also benefit when Canada agrees to abolish the 7 … [Read more...] about BUSINESS NEWS IN BRIEF 19/12
BUSINESS NEWS IN BRIEF 12/12
Vietnam’s agricultural sector records progress Over the past years, Vietnam’s agricultural sector has reaped marked achievements, helping ensure national food security. Vietnamese staples such as coffee, rice, rubber, cashew nuts, pepper, fruit, seafood, wood and timber products have gained firm foothold in the global market. Statistics show that the sector’s gross domestic product (GDP) grows about 2.5 percent while its production value expands by 2.73 percent each year. During the 2013-2017 period, the sector’s total export turnover reached 153 billion USD, with 36.2 billion USD earned in 2017. Seven out of the 10 major products saw export turnover exceeding 1 billion USD. To create impressive changes in agricultural production, the Vietnam Farmers’ Union (VFU) has signed a cooperation programme with the Ministry of Science and Technology, under which the two sides join hands in implementing scientific and technological tasks … [Read more...] about BUSINESS NEWS IN BRIEF 12/12
BUSINESS NEWS IN BRIEF 11/12
Firms promote Vietnamese handicrafts in Italy Nearly 40 Vietnamese firms are introducing their handicraft products like rattan, brocade and earthware items at the 2018 L'Artigiano in Fiera in Milan, Italy. The 23rd edition of the L’ Artigiano in Fiera takes place from December 1-9. It is an international industry event that’s been celebrating artisans across the world and their creations for more than 20 years. The event is also a rendezvous for Vietnamese handicraft businesses to promote their goods, such as rattan and bamboo products, brocades to international customers in recent years. In addition, Vietnam’s conical hat is featured in the fair’s promotional video this year. Trade Counsellor of the Vietnamese Embassy in Italy Nguyen Duc Thanh said the L'Artigiano in Fiera offers opportunities for Vietnamese firms to promote their products and study market demand, as well as learn experiences in production and design to meet the demand of consumers … [Read more...] about BUSINESS NEWS IN BRIEF 11/12
BUSINESS NEWS IN BRIEF 10/12
Fayfay.com announces strategic partnership with Ho Chi Minh City tourism Hong Kong-based Fayfay.com on December 6 announced that it signed a Memorandum of Understanding (MoU) with the Ho Chi Minh City Tourism Promotion Centre to promote tourism in Vietnam, with a special focus on the city. The MoU was signed by Tran Ngoc Dong Quan, deputy director of the Ho Chi Minh City Tourism Promotion Centre, along with Kingston Lai and Kelvin Wu, the co-founders of Fayfay.com, at Bep Nha Luc Tinh Restaurant in Ho Chi Minh City, in the presence of industry experts and members of the media. “Ho Chi Minh City is an important destination on Fayfay.com and we look forward to partnering with the Ho Chi Minh City Tourism Promotion Centre to showcase the city’s vibrant architecture, rich culinary scene, and authentic local experiences,” said Lai. “We believe strategic joint promotional activities with the Tourism Promotion Centre will enable us to leverage our online platform and … [Read more...] about BUSINESS NEWS IN BRIEF 10/12