Vietnam has opportunity for exports of agricultural products In the middle of May, India, the world's second biggest producer of cereal, announced a ban on wheat exports as a part of measures to control rising domestic prices amid concerns of output being hit by a scorching heatwave. The price of wheat has jumped in the international markets resulting in an acceleration of cereal prices because in March, the government of Ukraine, one of the world's top grain exporters, banned the export of wheat, oats, and many staples which are important to the global food supply Also in March, Russia's Prime Minister on March 14 signed a decree banning the export of white and raw sugar until Aug 31, and banning wheat, rye, barley, and maize exports to neighboring Eurasian Economic Union states. Another thing that has also attracted the attention of many countries is Indonesia's decision to ban all exports of crude palm oil and cooking oil at the end of April. Although this ban lasted only … [Read more...] about Vietnam has opportunity for exports of agricultural products
Warring city states answer key
Hai Phong prioritizes development of auto, shipbuilding industries
Advantages not fully tapped Although industrial sectors are Hai Phong's strengths, supporting industries have not developed commensurately. For example, the shipbuilding industry has almost no accompanying supporting industry, such as enterprises assembling ship diesel engines, producing boilers and ship hatch covers, painting, welding rods, welding wires, fireproofing doors, making anchor chains and marine instruments. Hai Phong prioritizes the development of mechanical industries in its long-term strategy In 2021, Hai Phong's shipbuilding industry continued to face many difficulties with slowing growth and its industrial production index falling to 23.21 percent. Despite many preferential state policies, the auto manufacturing and assembly industries have also attracted very few enterprises manufacturing parts for the supply chain. The automobile manufacturing industry in Hai Phong still maintains an average growth rate for traditional products, such as trucks … [Read more...] about Hai Phong prioritizes development of auto, shipbuilding industries
200 Vietnamese, Indian medical firms join annual networking event
At the event (Photo: VNA) HCM City (VNA) – About 200 Vietnamese and Indian enterprises in the pharmaceutical and medical field participated in a networking event in Ho Chi Minh City on July 5, together exploring their ‘golden’ cooperation and investment opportunities in the post-pandemic period. The annual conference was co-organised by the Vietnam Chamber of Commerce and Industry's Branch in Ho Chi Minh City ( VCCI-HCM ) and the Pharmaceuticals Export Promotion Council of India ( Pharmexcil ). As heard at the function, businesses of the sides are looking for joint pharmaceutical partnerships, particularly in COVID-19 vaccine production. In the medical area, outstanding Indian projects in Vietnam include a 500-million-USD pharmaceutical industrial park in Thanh Hoa province and an international pharmaceutical park worth 10-12 billion USD in Hai Duong province. Recently, Vietnam revised regulations and Indian businesses meeting the quality requirements are … [Read more...] about 200 Vietnamese, Indian medical firms join annual networking event
Mechanical engineering firms urged to enhance cooperation
A factory of a mechanical engineering enterprise in Quang Ninh Province's Ha Long City. — Photo cokhitienmanh.vn Domestic mechanical engineering enterprises should strengthen cooperation to improve competitiveness and gain more market share, industry experts have suggested. Nguyen Quang Hieu, general director of PetroVietnam Marine Shipyard JSC (PV Shipyard), told Nhan Dan (The People) newspaper that there were enormous opportunities for mechanical engineering firms to tap into the lucrative local market with a scale of up to billions of dollars. Hieu cited offshore wind power projects as a good example. He said Vietnamese enterprises could produce offshore wind turbine foundations. Even a small-scale wind power project comprises about 30-40 turbines, and its turbine foundation system would need an estimated 300,000 tonnes of equipment. With each tonne equivalent to US$4,000, including the cost of materials, on average, there would be about $1.2 billion worth of market share … [Read more...] about Mechanical engineering firms urged to enhance cooperation