Vietnam business culture

Aquatic exports to China plunge amid COVID-19 threats Vietnamese seafood exports to China in April suffered a decline of 11%, and this downward trajectory continued in May with a fall of 22%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). While major markets such as the United States and the EU have reopened and moved to increase imports of seafood products from Vietnam, China has recently tightened their inspection over frozen seafood products from other countries as part of efforts to prevent the potential spread of the SARS-CoV-2 virus. This has caused Vietnamese seafood exports to the market to experience a rapid decline over the past two months. Most notably, aquatic exports fell sharply in all major product groups, including shrimp, down 35%, other fish species, with the exception of tuna, down 23%, and pangasius, down 5%. The impact of the pandemic coupled with China's latest tight policy has led to turnover of frozen … [Read more...] about VIETNAM BUSINESS NEWS JUNE 24

Additional 88 domestically-transmitted COVID-19 cases reported Vietnam logged 97 new COVID-19 cases, including 88 domestic and nine imported, in the past six hours to 6pm on June 22, the Ministry of Health (MoH) said. Most of the new cases were detected in Ho Chi Minh City, with 63 infections, and the remainders were discovered in Bac Giang (12), Bac Ninh (6), Hung Yen (2), Nghe An (1) and Hanoi (1). By 6pm on June 22, the country had recorded a total of 12,010 domestically-transmitted infections and 1,717 imported cases. The number of locally-transmitted cases since the fourth COVID-19 wave hit Vietnam on April 27 amounted to 10,875, including 2,772 recoveries. According to the MoH’s Medical Service Administration, 5,546 patients have given the all-clear from coronavirus SARS-CoV-2 to date, while the death toll related to the disease was 69. Among active patients undergoing treatment, 377 have tested negative to the virus once, 132 twice and 141 thrice./. 12-hour … [Read more...] about VIETNAM NEWS HEADLINES JUNE 22

NA Chairman Vuong Dinh Hue (L) holds talks via videoconference with the RoK's NA Speaker Park Byeong-seug on June 23 (Photo: VNA) Hanoi (VNA) – Chairman of the National Assembly (NA) Vuong Dinh Hue had talks via videoconference with Speaker of the NA of the Republic of Korea (RoK) Park Byeong-seug on June 23, in which he affirmed Vietnam’s readiness to work with the RoK to lift bilateral ties to a new height. Hue stressed that Vietnam treasures and wants to develop its cooperation and friendship with the RoK, which is one of the leading and long-term partners of the Southeast Asian country. Vietnam highly values and believes that the RoK’s New Southern Policy will create great opportunities for the two countries to strengthen their strategic cooperative partnership, he said. Regarding the Korean Speaker’s proposal to elevate the bilateral relationship, which will turn 30 in 2022, to a comprehensive strategic partnership, Hue affirmed that Vietnam is ready to work … [Read more...] about Vietnam ready to join RoK in lifting relations to new height: NA Chairman

The ASEM’s High-level Policy Dialogue was held to commemorate the 25th anniversary of the Asia-Europe forum following Vietnam’s initiative. Vietnam believes that playing a pioneering role would enable the Asia-Europe Meeting (ASEM) to promote sustainable and inclusive development. Representatives of ASEM partner countries and international organizations in Hanoi on June 22. Photos: Tuan Anh/Baoquocte The idea is one of the key points that Vietnam’s Foreign Minister Bui Thanh Son delivered at the ASEM High-level Policy Dialogue held both in-person and virtually in Hanoi on June 22. Son said the ASEM should aim at ensuring a peaceful and stable international environment on the basis of dialogue and trust and creating a solid foundation for sustainable, long-term, and mutual economic relations between Europe and Asia. Chairing the meeting, Son emphasized that member countries need to show stronger determination, act more decisively, and choose the right … [Read more...] about ASEM should take pioneering role in inclusive development: Vietnam FM

State President Nguyen Xuan Phuc (R) presents gift to RoK Minister of Foreign Affairs Chung Eui-yong (Photo: VNA) Hanoi (VNA) – State President Nguyen Xuan Phuc has affirmed that the development of Vietnam – Republic of Korea (RoK) ties is a common determination from the grassroots to high levels in Vietnam. During a reception in Hanoi on June 23 for RoK Minister of Foreign Affairs Chung Eui-yong, Phuc suggested the two countries’ foreign ministries and agencies maintain all-level exchanges, uphold initiatives to overcome difficulties caused by the pandemic, and further expand and diversify the RoK’s investment in Vietnam. The host asked for effectively tapping the potential of cooperation in investment, trade, science-technology, culture-education, and urged the RoK to offer more support to the Vietnamese community in the country, including popularising Vietnam’s culture and language teaching. He expressed appreciation for the RoK’s support to Vietnam to fulfil … [Read more...] about State President receives RoK Foreign Minister