The 2018 Vietnam Trade Fair opened on November 7 (Photo: VNA) Phnom Penh (VNA) – The 2018 Vietnam Trade Fair opened at the Koh Pich Convention and Exhibition Centre in Phnom Penh, Cambodia, on November 7, with expectations to help boost trade between the two countries. Addressing the event, Deputy Minister of Defence of Vietnam Tran Don said the fair is an important economic-politic event, which will help promote the friendship and solidarity between Vietnam and Cambodia. It will offer matching opportunities to businesses, including military ones, of the two countries, he said, expressing his hope that the fair will leave impressions in Cambodian people. Under-Secretary of State of the Ministry of Commerce of Cambodia Sam Sereyrath said Vietnam is a very important trade partner of Cambodia and the fair reflects potential of the bilateral trade ties. He expected that the fair will help increase the bilateral trade and also boost cultural exchange between people of the … [Read more...] about 2018 Vietnam Trade Fair in Cambodia opens
Vietnam trading partners
Vietnam Trade Fair 2018 opens in Cambodia
The event was held jointly by Vietnam’s Ministry of Defense, Ministry of Industry and Trade, the Vietnamese Embassy and trade office in Cambodia, the Defense Ministry and Commerce Ministry of Cambodia. Addressing the fair with the theme ‘Friendship, Cooperation and Development’, Deputy Minister of National Defense Sen. Lieut. Gen. Tran Don emphasized that this is an important political and economic event, which will greatly contribute to bolstering friendship and solidarity between the two countries. Sen. Lieut. Gen. Tran Don believes that the fair will offer a venue for Vietnamese businesses to enhance cooperative opportunities, seek clients and expand trade ties wih their Cambodian counterparts. Sam Sereyrath, Under-Secretary of State at the Cambodian ministry of commerce, also affirmed the links between both countries by adding that Vietnam is a key trade partner to Cambodia. As a result, the Vietnam Trade Fair 2018 will help not … [Read more...] about Vietnam Trade Fair 2018 opens in Cambodia
Second Vietnam trade promotion office in China opens
At the inauguration ceremony (Source: VNA) Zhejiang (VNA) – A Vietnam trade promotion office, the second of its kind in China, was inaugurated in Hangzhou city in the eastern province of Zhejiang on November 5. Vietnamese Prime Minister Nguyen Xuan Phuc, Minister-Chairman of the Government Office Mai Tien Dung, Minister of Industry and Trade Tran Tuan Anh, Minister of Agriculture and Rural Development Nguyen Xuan Cuong, Vietnamese Ambassador to China Dang Minh Khoi and newly-accredited Chinese Ambassador to Vietnam Xiong Bo attended the inauguration ceremony, among others. Speaking at the ceremony, Vietnamese Minister of Industry and Trade Tran Tuan Anh said that by holding strengths in foreign trade, e-commerce, manufacturing, and seaport services, Zhejiang and the eastern region of China in general will continue to take the lead in the country’s reform process, thereby fueling economic and trade ties between China and countries across the region and even … [Read more...] about Second Vietnam trade promotion office in China opens
Marking two years of strong Russia Vietnam trade ties
Konstantin Vnukov What, in your view, is the main significance and impact of the Vietnam-Eurasian Economic Union Free Trade Agreement (FTA) on the ties between Vietnam and Russia, after the first two years? The FTA surely has had the biggest impact on trade co-operation between the two countries. Since the FTA came into force on October 5, 2016, we have witnessed sustainable growth in all bilateral economic indexes. Regarding bilateral trade - two-way trade turnover last year increased by almost 30 per cent, to $5.2 billion. This allowed Vietnam to firmly establish itself as one of the top trade partners of Russia in the ASEAN region. In the first eight months of this year, the rate increased by almost 20 per cent. I think that this is quite impressive. We are also happy that in the first eight months of 2018, Russian exports to Vietnam have soared by almost 50 per cent, thanks to a boost in traditional export items such as machinery and equipment, oil products, and metal, as well … [Read more...] about Marking two years of strong Russia Vietnam trade ties
EU-Singapore FTA a boon for Vietnam trade: HSBC
The Hanoitimes - Vietnam’s supply chain is expected to open up further to increased European business. The signing of the EU-Singapore Free Trade Agreement (EUSFTA) marks a significant moment for the two dynamic economies and for Vietnam, which is currently in negotiations with Europe on a similar free trade agreement (FTA), HSBC Vietnam has said in a statement. The EU has signed an FTA with Singapore, the first of its kind between the EU and an ASEAN nation. EUSFTA opens ASEAN supply chain potential The EUSFTA, which will eliminate virtually all tariffs and lowering non-tariff barriers between Singapore and Europe, will allow for some manufactured goods to have ASEAN cumulation. This means that inputs sourced by Singapore businesses from other ASEAN member states – especially Vietnam - will be considered as domestic content for the determination of the origin of the final product made in Singapore. In other words, certain inputs will come under … [Read more...] about EU-Singapore FTA a boon for Vietnam trade: HSBC