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UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023

The high petrol prices have hindered economic recovery. (Photo: SGGP) Thus, along with the solution to cut the environmental protection tax rate for gasoline, oil, and grease products to the floor level in the tax bracket until December 31, 2022, and the solution to reduce the MFN tax rate, the MoF has continued to put forward more tax cuts to help lower gasoline and oil prices. Up to now, the MoF has proposed to reduce four types of taxes on this essential product. According to the MoF, it is crucial to slash the MFN tax rate to 12 percent for gasoline to diversify petroleum supply to avoid being passive by depending on import sources from South Korea and the ASEAN only. Besides, people and businesses will directly benefit from tax reductions on gasoline and oil products, thereby contributing to directly reducing consumers’ expenses as well as indirect costs from other consumer products. Previously, because petrol and oil prices have continuously climbed and are currently … [Read more...] about MoF proposes reductions for four types of taxes on petroleum products

Vietnam's international star Nguyen Quang Hai has finally completed a move to Europe, signing with French Ligue 2 side Pau Football Club. Vietnam's international Nguyen Quang Hai (left) poses with his new coach Didier Tholot and jersey, after signing a two-year contract with French side Pau FC on June 26. (Photo of Pau FC) The midfielder has passed a medical and signed a two-year deal that has an option to extend his stay in southwestern France for another year. He has been handed his favourite No 19 jersey, which he wore for both former side Hanoi FC and the national team. “I have had medical tests at Pau Football Club. Everything is good. I have reached all requirements of health," Hai posted on his Facebook on June 29. "The first important step is done. I am an official player of Pau FC from this moment. I am happy and proud. "Thank you all, parents, family, supporters, media and all people who have been accompanying me on my journey. Let's fight!" he … [Read more...] about Quang Hai signs two-year deal with French side Pau FC

One Mount is the only enterprise in Vietnam to receive a global award from Google Cloud For the past year, One Mount and Google Cloud have worked together to build the largest technology ecosystem in Vietnam. The strategic collaboration sees One Mount leveraging Google Cloud’s open, scalable, secure-by-design, and carbon-neutral infrastructure and services across the Group’s core lines of business in retail and real estate – including products and services like VinShop, VinID, and OneHousing. With VinShop as the local market leader in online and technology-enabled grocers, One Mount has integrated solutions from Google Cloud to digitalise and modernise the entire fast-moving consumer good supply chain in Vietnam. The move has brought great value and solved key pain points for multiple stakeholders, from manufacturers and distributors to grocers and customers. VinShop owns a modern warehouse system, managed and operated by technology The integration has been … [Read more...] about One Mount honoured by Google as Best Partner in Supply and Logistics

Aiming to seek stronger economic, trade and investment partnership between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, Britain Secretary of State for International Trade Anne Marie Trevelyan, and MP Graham Stuart, U.K. Prime Minister's Trade Envoy to Vietnam, and a large number of Vietnamese and Britain businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Vietnam-U.K. Strategic Partnership, as well as great chances for both sides to bolster their ties from the U.K.-Vietnam Free Trade Agreement (UKVFTA). He underlined that both sides should optimize advantages from the deal by encouraging the promotion of the two-way trade and investment, and creating favorable conditions for enterprises of both sides to explore each other’s market and foster connection, thus striving for a trade value of over USD 10 billion by 2023. Thanh affirmed Vietnam's high political determination in realizing commitments made at the … [Read more...] about N.A. Chairman attends Vietnam-U.K. high-level forum on economy, trade

An overview of the forum (Photo: VNA) Hanoi (VNA) – National Assembly Chairman Vuong Dinh Hue attended the Vietnam-UK high-level forum on economy and trade in London on June 29 (local time), as part of the leader’s ongoing visit to the UK. Aiming to seek stronger economic, trade and investment partnership between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, Britain Secretary of State for International Trade Anne Marie Trevelyan, and MP Graham Stuart, UK Prime Minister's Trade Envoy to Vietnam, and a large number of Vietnamese and Britain businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Vietnam-UK Strategic Partnership , as well as great chances for both sides to bolster their ties from the UK-Vietnam Free Trade Agreement ( UKVFTA ). He underlined that both sides should optimise advantages from the deal by encouraging the promotion of the two-way trade and investment, and creating favourable … [Read more...] about NA Chairman attends Vietnam-UK high-level forum on economy, trade

Tokopedia's success lesson Founded in 2009, Tokopedia is one of Indonesia's tech unicorns. According to CB Insights (U.S.), Tokopedia's value reached $7 billion as of June 2020, becoming the third largest unicorn in Southeast Asia, behind Grab (Singapore) and Gojek (Indonesia). Tokopedia was developed as a shopping platform where any business could easily arrange and sell its products. William Tanuwijaya, co-founder of Tokopedia, said that the company's business model is similar to Alibaba's as it combines Toko (shop) and encyclopedia. In 2018, Tokopedia launched the Mitra Tokopedia app for warungs - small family-owned businesses that usually cater to a neighborhood. Mitra Tokopedia has recorded one million downloads in the island nation that has two million warungs. Tokopedia has been successful in bringing technology into Indonesia's grocery stores. Photo by Tokopedia Mitra Tokopedia has gained popularity and is now present in more than 20 major cities, … [Read more...] about VinShop aims for success as store connection platform

NA Chairman Vuong Dinh Hue witnesses the exchange of co-operation agreements between businesses and localities of Viet Nam and the UK. — VNA/VNS Photo Doan Tan National Assembly Chairman Vuong Dinh Hue attended a Viet Nam-UK high-level forum on economy and trade in London on June 29 (local time), as part of his ongoing visit to the UK. With the aim of stronger economic, trade and investment partnerships between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, British Secretary of State for International Trade Anne Marie Trevelyan, Member of Parliament Graham Stuart (the Prime Minister's Trade Envoy to Vietnam), and a large number of Vietnamese and British businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Viet Nam-UK Strategic Partnership, as well as great chances for both sides to bolster their ties through the UK-Vietnam Free Trade Agreement (UKVFTA). He underlined that both sides should optimise the … [Read more...] about NA Chairman attends Viet Nam-UK forum in London

From the beginning of the year, shrimp price has tended to surge creating excitement for farmers in the region. Therefore, more high-tech shrimp farming models have been promoted and implemented bringing high economical values. In Bac Lieu Province, there are around 134,800 hectares of land dedicated for aquaculture yielding an output of 123,075 tons, an increase of nine percent over the same period last year. Of which, shrimp output reached over 64,740 tons, a surge of over 11 percent over the same period in 2021. Similarly, shrimp farming area and output in the coastal localities of the Mekong Delta have been expanded sharply. Specifically, the shrimp output of Ca Mau Province gained 118,245 tons in the first six months of the year, increasing ten percent over the same period last year. Meanwhile, the shrimp output of Kien Giang Province reached 56,050 tons. At the current time, the shrimp prices in the Mekong Delta are stable. Specifically, the big black tiger shrimp with … [Read more...] about Shrimp farmers in Mekong Delta eager with high price