Role of Entrepreneurship in US – Vietnam Trade Relationship Highlighted The US Government is eager to closely work with the Vietnamese Government and Vietnamese business community to further promote the bilateral trade relations and improve the investment environment, making Vietnam a more attractive investment destination for foreign investors. The statement was made by U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Robert Hormats in a Vietnam Chamber of Commerce and Industry (VCCI) hosted roundtable discussion on July 11 with a group of Vietnamese business leaders representing companies from both the state and private sectors. The meeting was part of his visit to Hanoi on July 9-11 with Secretary of State Hillary Clinton on a trip focused on promoting U.S. business, entrepreneurship, regional economic integration, and environmental sustainability. The roundtable, presided over by VCCI President Vu Tien Loc, highlighted the important role … [Read more...] about Role of Entrepreneurship in US – Vietnam Trade Relationship Highlighted
Vietnam trading partners
Vietnam- Important Partner in Turkey’s Asia Pacific Strategy
Vietnam- Important Partner in Turkey’s Asia Pacific Strategy In a bid to boost Vietnam - Turkey economic ties, the Ho Chi Minh City Branch of the Vietnam Chamber of Commerce and Industry (VCCI-HCM) in collaboration with the Turkey Foreign Economic Relations Board (DEIK) organised the "Vietnam - Turkey Business Exchange” programme. The event attracted the participation of many Turkish businesses operating in various fields like food, fresh and processed agricultural products, machinery, logistics, paint and chemical. The meeting actually offered many opportunities for Vietnamese enterprises to seek business partners. Since the two countries established official diplomatic relations more than 30 years ago, the traditional friendship and comprehensive cooperation between Vietnam and Turkey have thrived, especially in trade and investment. However, the development of bilateral economic relations has not really matched with potential relations. Speaking at the meeting, Nguyen … [Read more...] about Vietnam- Important Partner in Turkey’s Asia Pacific Strategy
Vietnam – a key trading partner of South Africa in Asia
(VOVworld) – Vietnam is one of South Africa’s important trading partners in Asia. South African Ambassador Kgomotso Ruth Magau made the statement in Hanoi at the 20th anniversary of South African Freedom Day on April 27. She said Vietnam and South Africa have ceaselessly improved the bilateral friendship and sought co-operation opportunities in all fields, remarkably in trade and industry. The Ambassador said that the celebration is an occasion for South Africans to review their struggle for national liberation, construction, and development. She noted that South Africa is working to build a society of solidarity that brings better lives to all citizens. … [Read more...] about Vietnam – a key trading partner of South Africa in Asia
China growth slowdown may widen Vietnam trade gap, official says
China’s economic slowdown may widen Vietnam’s trade deficit as the Southeast Asian nation counts on its largest trading partner to buy commodities, according to a government official. “It would hurt our exports to China, especially with agricultural products,” Nguyen Duc Kien, deputy head of the National Assembly Economic Committee, said in a telephone interview on July 10. “Meanwhile, our imports from China may surge as Chinese producers may lower prices to dump their products abroad.” China has been Vietnam’s biggest trade partner since at least 2007. The recent stock plunge and the slowdown in China’s growth has triggered concerns in regional governments including Indonesia and Philippines. “A surge in sales of Chinese products at low prices in Vietnam would hurt domestic manufacturing with producers of goods similar to those imported from China likely suffering the most,” said Kien. “Yet, the Chinese stock rout may … [Read more...] about China growth slowdown may widen Vietnam trade gap, official says
Vietnam’s message: We’re a reliable trading partner
Growing middle classThemed “Vietnam: We Mean Business”, the one-day event had six thematic discussions on smart agriculture, financial services, health care and education, infrastructure, tourism and special economic zones, small and medium-sized enterprises, startup and renovation. It brought together 2,000 businesses from the Asia-Pacific region.In his speech at VBS 2017, Vietnam Chamber of Commerce and Industry Chairman Vu Tien Loc cited the comment made by the late Deputy Minister of Foreign Affairs Le Mai about the process of normalization of US-Vietnam relations: Vietnam is a country, not a war. Today, following great efforts to integrate into the global economy, the Vietnamese business community wants to tell the world that Vietnam is not a war, that it is not only a country but also a reliable trading partner.The results of a survey conducted by the American Chamber of Commerce in Singapore this past September show that 56 percent of surveyed businesses considered … [Read more...] about Vietnam’s message: We’re a reliable trading partner