Demand for industrial, logistics estates at core of enquiries next year: Savills Demand for industrial and logistics estates in addition to ready-built factories and warehouses will continue to be the core of enquiries next year, according to an expert from property consultancy Savills Vietnam. “However, in terms of new trends, data centres and cold storage facilities are in demand and have gained traction in 2020 and 2021,” John Campbell, manager of Industrial Services at Savills Vietnam told the Vietnam Investment Review. “Next year, we expect this to continue, as Vietnam is now on the radar for hyperscale facilities.” Low-value industries are beginning to set up elsewhere in Southeast Asia as Vietnam no longer offers the same incentives, he said, adding that these industries such as textiles and furniture struggle to source affordable labour and land in Vietnam. However, foreign and high value-added investors remain bullish on Vietnam’s long-term growth, …
Japan urged to open door for longan imports from Vietnam
Vietnam’s agriculture minister on Wednesday called on his Japanese counterpart to accelerate quality assessment process for longan exports from the Southeast Asian country to enter the East Asia market in 2022. Le Minh Hoan, Vietnamese Minister of Agriculture and Rural Development, joined a working session with Kaneko Genjiro, Japanese Minister of Agriculture, Forestry and Fisheries, the Vietnamese agriculture ministry reported on Thursday. During the discussion, Hoan urged his Japanese counterpart to accelerate procedures at Japanese appraisal authorities in order for Vietnamese longans to enter Japan in the 2022 harvest. The Vietnamese minister also suggested that Japan apply online inspection or facilitate procedures for enterprises to ship heat-treated poultries to Japan. Mechanisms for Vietnam’s pomelo and Japan’s grape harvests to enter the other market will also be devised, the two ministers concurred. Vietnam is promoting agriculture development to ensure food …
Continue Reading about Japan urged to open door for longan imports from Vietnam →
President co-chairs Vietnam – Switzerland Business Forum
Vietnamese President Nguyen Xuan Phuc (standing) speaks at the forum. (Photo: VNA) Bern (VNA) - Vietnamese President Nguyen Xuan Phuc and his Swiss counterpart Guy Parmelin co-chaired a Vietnam - Switzerland Business Forum in Bern on November 26. Addressing the forum with the attendance of representatives from over 100 businesses of the two countries, the Vietnamese leader called on Swiss businesses to invest in Vietnam and partner with Vietnamese enterprises in areas where Swiss firms have strengths and Vietnam is giving priority to, especially in banking and finance, science and hi-technology, innovation and digital transformation. For his part, President Parmelin highlighted the huge potential for stronger cooperation between the two countries, and the necessity to have new cooperation framework s to encourage Swiss businesses to invest in Vietnam. The interest and commitment of businesses and representatives of the private sector of Switzerland at the forum …
Continue Reading about President co-chairs Vietnam – Switzerland Business Forum →
FTAs momentum for Vietnam’s exports
Since joining the World Trade Organisation 15 years ago, Viet Nam has become a part of 17 FTAs, which are either under negotiation or underway. This has helped create a momentum for the country's exports. Viet Nam’s total export-import value rise from $84.7 billion in 2006 to $545.3 billion in 2020. Workers make shoes for export. Now, the Ministry of Industry and Trade (MoIT) is enhancing the formation of a portal that will make accessing information on the current and upcoming FTAs easier for Vietnamese businesses. Ngo Chung Khanh, Deputy Director of the MoIT’s Multilateral Trade Policy Department, said that 2021 has been a difficult year for businesses and the wider economy, but there is still hope for the future. He mentioned export turnover as an example, in which traditional markets like China and other ASEAN countries were supplemented by the US and other countries that Viet Nam has signed Free Trade Agreements with. Thanks to two newly-signed FTA's, …
Continue Reading about FTAs momentum for Vietnam’s exports →
There remains room for stronger Vietnam-Switzerland economic, trade ties: Officials
At the working session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch . (Photo: VNA) Berne (VNA) – Economic and trade ties between Vietnam and Switzerland have developed strongly and effectively across spheres, and would grow further in the time ahead. The view was shared by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch during their working session on November 26, as part of President Nguyen Xuan Phuc’s ongoing official visit to Switzerland. Dien expressed his belief that economic and trade cooperation will be the centre and main momentum of the relations between the two countries, and suggested Switzerland work together with Vietnam to successfully build up new cooperative foundations in the time ahead. Both officials lauded efforts of the two countries’ negotiators during …
Vietnam, Switzerland eye stronger educational cooperation
At the working session between Vietnamese Minister of Education and Training Nguyen Kim Son and Switzerland’s State Secretary for Education, Research and Innovation (SERI) Martina Hirayama on November 26. (Photo: VNA) Bern (VNA) – Vietnamese Minister of Education and Training Nguyen Kim Son and Switzerland’s State Secretary for Education, Research and Innovation (SERI) Martina Hirayama on November 26 discussed measures to improve the efficiency of educational cooperation between the two countries. Their working session took place within the framework of President Nguyen Xuan Phuc’s official visit to Switzerland. Son suggested strengthening collaboration between Vietnamese and Swiss universities, covering training programmes in such areas as tourism, hotel, insurance, banking and high-tech, along with innovation. The two sides should step up the exchange of lecturers and students, and establish research groups that gather professors from Vietnamese and Swiss …
Continue Reading about Vietnam, Switzerland eye stronger educational cooperation →
Vietnam Airlines aims to win largest share on direct Vietnam-US route
Vietnam Airlines wide-body Boeing 787-9 Dreamliner (Photo courtesy of Vietnam Airlines) Hanoi (VNS/VNA) - Vietnam Airlines, the country's national flag carrier, looks to dominate the Vietnam-US route as preparations have been completed for its first direct flight to the US, which is scheduled to take off on November 28, said General Director of Vietnam Airlines Le Hong Ha. The Vietnam-US route was among one of the most in-demand pre-pandemic. There were 24,000 Vietnamese university students and a 2.2 million strong Vietnamese community in the US in 2020. Two-way trade has been on the rise in recent years reaching 90 billion USD in 2020 and projected to hit over 100 billion USD this year, making the Southeast Asian economy one of the US’s top trading partners. As a result, the airline is confident demand will quickly recover once the pandemic is put under control and mobility restrictions relaxed, Ha said. Competition, however, is expected to be fierce as the …
Continue Reading about Vietnam Airlines aims to win largest share on direct Vietnam-US route →
Vietnam’s global commitments force ministry to reconsider electricity projects
The latest draft of the eighth national power development plan in 2021-2030 shows considerable reductions in coal-fired power and increases in wind power, following Vietnam’s strong commitments at COP26. The eighth plan still has not been issued after many debates. The draft plan continues to be amended after Vietnam made strong commitments at COP26 on the goals and ambitions in obtaining Net Zero by 2050. Because of the commitments, the Ministry of Investment and Trade will have to reconsider the country’s electricity generation sources. In an operating scenario released by the Ministry of Industry and Trade (MOIT) in November, the total capacity of power sources to be installed by 2030 is 155,722 MW, lower by 24,305 MW than the 180,027 MW shown in March scenario. With the scenario, coal-fired electricity capacity would decrease by 6,694 MW, while LNG-fired electricity by 18,550 MW and Vietnam would increase electricity capacity from wind power. Onshore wind power …
There remains room for stronger Vietnam – Switzerland economic, trade ties: Officials
The view was shared by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch during their working session on November 26, as part of President Nguyen Xuan Phuc’s ongoing official visit to Switzerland. Dien expressed his belief that economic and trade cooperation will be the center and main momentum of the relations between the two countries, and suggested Switzerland work together with Vietnam to successfully build up new cooperative foundations in the time ahead. Both officials lauded efforts of the two countries’ negotiators during the talks on a free trade agreement between Vietnam and the European Free Trade Association (EFTA). They held that after 16 rounds of official negotiations and various online meetings since 2012, it is time to conclude the talks. Dien proposed Switzerland, with its great role and prestige in the EFTA, urge other members to take a more practical approach, especially …
Swiss-designed conference room inaugurated at Diplomatic Academy of Vietnam
The Swiss-designed conference room reflects the city’s natural surroundings with the lake of Geneva and its mountain scenery. It carries special symbolism and offers a new and inspiring connection between Geneva and Hanoi. As European headquarters of the United Nations, Geneva is the operational heart of the multilateral system. The city earned itself the title of capital of peace, acting as place of dialogue, including for facilitating peace conferences and processes. Geneva’s open mind and spirit, allowing for inclusive and tolerant debates among people of different views and opinions, aims at nurturing constructive discussions. Speaking at the inaugural ceremony, Ambassador Sieber stated that the conference room’s inauguration is part of activities to mark the 50th anniversary of diplomatic ties between the two countries, thereby spotlighting the long-term friendship, mutual trust and solid foundation between the two countries. He said the recent visit to Vietnam by Swiss Vice …
Continue Reading about Swiss-designed conference room inaugurated at Diplomatic Academy of Vietnam →