Vietnam foreign trade

In the first 10 months, the textile and garment industry recorded about 38 billion USD in export value, up 17.2 per cent year-on-year. (Photo: moit.gov.vn) Hanoi (VNS/VNA) - The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030. By 2023, the industry plans to reduce energy consumption by 15% and water consumption by 20%. Green growth is an important part of sustainable development. In recent years, enterprises in the textile - garment - footwear industries have paid special attention to this issue. According to Truong Van Cam, VITA's general secretary, a greener textile and garment industry not only contributes to implementing the national strategy on green growth but also fulfils the requirements of large textile and garment import markets in the world, such as the European Union (EU). Vietnamese textile-garment and leather-footwear firms need to improve the … [Read more...] about Vietnam to reduce environmental impact of textile-garment industry by 2030

Chargé d’Affairs Mark Tattersall and six new private sector partnerships . (Photo courtesy of Australian Embassy to Vietnam) Hanoi (VNS/VNA) - Six new private sector partnerships announced under the Australian Department of Foreign Affairs and Trade ’s (DFAT’s) Business Partnerships Platform (BPP) will promote the growth of sustainable carbon markets that deliver significant social and environmental benefits to communities in Vietnam. The six multi-stakeholder partnerships, supported by an investment of 3.3 million USD from DFAT, will leverage more than 3.7 million USD in private sector investment and resources towards improving the enabling environment for carbon markets projects in Vietnam that are able to deliver verifiable and sustainable social and environmental outcomes. The new partnerships will test and trial new approaches within voluntary market frameworks to reduce greenhouse gas emissions, lower carbon market entry barriers for producers, build the … [Read more...] about Australia supports carbon market partnerships in Vietnam

At the event. (Photo: VNA) Can Tho (VNA) – Sharing experience in response to challenges arising from new trends in international trade and investment was the focus of a conference held in Can Tho city on November 30. The event, which was jointly organised by the Ministry of Foreign Affairs in coordination with the People’s Committee of Can Tho city and Hanns Seidel Foundation Vietnam, offered an opportunity for the local administration and businesses to take advantage of opportunities from the new trends and create momentum for the Mekong Delta to over difficulties and lay a foundation for sustainable growth in the future. In her remarks, Nguyen Bich Thuy, Deputy Director of the Department for Multilateral Economic Cooperation at the Ministry of Foreign Affairs, said that the COVID-19 pandemic has affected all aspects of the socio-economic life and changed the way the economy and commercial model operate. This caused difficulties in production and business, … [Read more...] about Conference seeks to tackle challenges in international trade, investment

A booth at the fairs (Photo:VNA) HCM City (VNA) – The Vietnam Supporting Industry Fair (VSIF) 2022 and the Vietnam Hardware & Hand Tools Expo 2022 (VHHE) kicked off in Ho Chi Minh City on December 1. Hosted by the municipal Department of Industry and Trade, the three-day events feature 255 booths from over 200 local and foreign businesses, and prestigious brands from 12 countries and territories around the world. They aim to improve competitiveness and promote industrial production cooperation between Vietnamese enterprises and foreign partners in Vietnam, and partnerships in supplying products to end-to-end production firms and foreign enterprises operating in the country. The VSIF 2022 displays components of products serving the supporting industry. Meanwhile, the VHHE showcases products with wide application in many industries from manufacturing, repairing, to assembling. Vice Director of the municipal department Nguyen Thi Kim Ngoc said the events are expected … [Read more...] about Trade fairs of supporting industry, hardware products open in HCM City

The Ho Chi Minh City official applauded the establishment of a representative office of Leipzig city in the southern economic hub, expressing the hope that the office will contribute to further promoting trade and investment cooperation between the two sides. The municipal authorities will create favorable conditions for German businesses to invest and do business in  the locality, he stated, adding that Leipzig has strengths in industry, information technology and education, and these are also the areas which Ho Chi Minh City wants to develop. He thanked Leipzig’s authority for supporting Ho Chi Minh City in training, and sharing professional experience with local hospitals. He said Ho Chi Minh City is focusing on developing high-quality human resources, and has also been implementing projects related to digital transformation and development of smart cities, so the city wishes to receive more support from Germany in those fields. For his part,  Bonew affirmed the establishment … [Read more...] about Ho Chi Minh City eyes stronger cooperation with Leipzip of Germany

Addressing the event, President of the Vietnam-Romania Friendship Association (VRFA)'s chapter in Ho Chi Minh City Nguyen Truong Giang said Romania is one of the first countries to officially recognize the Democratic Republic of Vietnam and has always supported and assisted the Vietnamese people during their struggle for national independence and reunification as well as their current construction and defense. In addition to providing aid in the fields of construction, oil and gas, and railway, Romania has trained more than 4,000 students and post-graduates for Vietnam, many of them have become experts and managers with great contributions to the country’s development, he added. Over the past years,  the municipal VRFA has carried out many activities to support the Romanian Embassy in Vietnam and acted as a bridge to promote solidarity, friendship and cooperation between the people of Ho Chi Minh City and Vietnam and their Romanian peers. For her part, Romanian Ambassador to … [Read more...] about Romania’s National Day celebrated in Ho Chi Minh City