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Archive for the ‘Vietnam’ Category

U.S. Firms Eye $8 Billion Investment in Vietnam’s Clean Energy Sector

International Trade, News, United States, Vietnam

January 26, 2024

Fifteen U.S. companies, including semiconductor firms, have expressed keen interest in investing a substantial $8 billion in Vietnam’s clean energy infrastructure. However, this investment is contingent on Vietnam’s progress in implementing renewable energy regulations, as revealed by a senior U.S. official during a press briefing in Hanoi.   Vietnam has been actively seeking to attract […]

German President and Business Delegation Seek Opportunities in Vietnam for Collaboration and Investment

Germany, International Trade, News, Vietnam

January 23, 2024

A prominent German business delegation, featuring key players in tunnel machines, wind farms, and industrial supplies, is accompanying President Frank-Walter Steinmeier on a visit to Vietnam starting Tuesday. This visit aligns with Berlin’s strategy to diversify economic ties, emphasizing Vietnam’s significance as a partner to broaden activities beyond China. German companies have already invested over […]

Vietnamese Seafood Poised for Success in Switzerland’s Growing Market

Agricultural Trade, News, Switzerland, Vietnam

January 23, 2024

Vietnamese businesses are encouraged to explore the promising potential of seafood exports to Switzerland, a key trade official has emphasized.   Nguyen Duc Thuong, the Commercial Counsellor at Vietnam Trade Office in Switzerland, highlighted the significant opportunity for Vietnamese seafood exporters in Switzerland, a landlocked country heavily reliant on seafood imports. Vietnam currently stands as […]

Vietnam Celebrates Record-Breaking Rice Exports, Seizing Global Market Opportunities

Agricultural Trade, News, Vietnam

January 14, 2024

In a remarkable achievement, Vietnam’s rice exports have reached unprecedented levels, surging to 8.13 million tons and valued at US$4.7 billion in 2023, according to the General Department of Customs. This outstanding performance not only signifies a substantial 14.4% increase in volume but also reflects a remarkable 35.3% rise in value compared to the previous […]

Indonesia and Vietnam Forge Closer Ties with Emphasis on South China Sea Security and Electric Vehicles

Indonesia, International Relations, News, Vietnam

January 11, 2024

In a display of strengthened diplomatic and economic bonds, Indonesia’s President Joko Widodo, commonly known as Jokowi, visited Hanoi and engaged in talks with Vietnamese President Vo Van Thuong. The leaders emphasized key aspects of cooperation, including security concerns in the South China Sea and corporate investments in Indonesia, particularly in the electric vehicle (EV) […]

Vietnam’s Ministry of Industry and Trade Unveils Strategies to Boost Exports to European and American Markets

International Trade, News, Vietnam

January 10, 2024

The Ministry of Industry and Trade (MoIT) is gearing up to implement major initiatives aimed at boosting exports to the European and American markets in the upcoming year, as announced by Ta Hoang Linh, Director of the European-American Market Department under the MoIT.   To maximize advantages and address challenges in both exports and imports, […]

Vietnam Sees Expanding Opportunities for Fruit and Vegetable Exports to China

Agricultural Trade, China, News, Vietnam

January 8, 2024

In a promising development for Vietnamese agriculture, the Department of Agriculture is actively working towards expanding the export of agricultural products, particularly fruits and vegetables, to the Chinese market. Several protocols have been signed between Vietnam and China, paving the way for increased official exports of various produce.   At the close of 2023, Vietnam […]

China’s President Xi Jinping Visits Vietnam to Strengthen Economic Ties

Bilateral Trade Relation, China, News, Vietnam

December 11, 2023

Chinese President Xi Jinping has embarked on a two-day visit to Vietnam, seeking to bolster economic relations between the two nations. This visit follows U.S. President Joe Biden’s recent trip to Hanoi, highlighting the competition for influence in Southeast Asia between the world’s two major powers.   Xi’s visit, his first in six years, has […]

Chinese President Xi Jinping to Strengthen Ties with Vietnam during Upcoming Visit

International Relations, News, Vietnam

December 7, 2023

China’s President Xi Jinping is scheduled to visit Vietnam on December 12-13, with the aim of meeting top state officials and further enhancing the bilateral relations between the two nations, as announced by the Chinese foreign ministry.   During the visit, discussions will center on a range of key areas, including political security, multilateral cooperation, […]

China and Vietnam Explore Railway Upgrade Through Rare Earths Region

China, International Trade, News, Vietnam

November 30, 2023

China and Vietnam are engaged in discussions to potentially enhance their underdeveloped railway connections, with the aim of bolstering a rail line that traverses Vietnam’s rare earths-rich region and connects to the country’s primary northern port. Senior officials and diplomats have confirmed these talks, which coincide with preparations for a potential visit to Hanoi by […]

Vietnam-Japan Relations Reach New Heights with Comprehensive Strategic Partnership

Bilateral Trade Relation, Japan, News, Vietnam

November 27, 2023

In a landmark development for international trade, Vietnam and Japan have officially elevated their bilateral relations to a “comprehensive strategic partnership”. This significant advancement was formalized during Vietnamese President Vo Van Thuong’s visit to Tokyo, marking a key milestone in both countries’ diplomatic journeys.   This enhanced partnership underscores Vietnam’s pivotal role in the global […]

Vietnam and Japan to Explore New Horizons in Bilateral Relations During President Vo Van Thuong’s Tokyo Visit

International Trade, Japan, News, Vietnam

November 23, 2023

An upcoming visit by Vietnamese President Vo Van Thuong to Japan is poised to mark a significant chapter in the bilateral relations between Vietnam and Japan. This visit, slated for next week, will be President Thuong’s inaugural official trip to Japan and aligns with the 50th anniversary celebrations of diplomatic ties between the two nations. […]

Brazil’s President Lula Explores Trade Opportunities with Vietnam

Brazil, International Trade, News, Vietnam

September 25, 2023

Brazilian President Luiz Inacio Lula da Silva announced on Monday that Vietnam has shown interest in establishing a trade deal with the Mercosur bloc, consisting of Brazil, Argentina, Paraguay, and Uruguay. Lula, who is currently chairing the Mercosur group, aims to foster closer relations between Mercosur members and Asian countries. He highlighted the potential for […]

Vietnam Experiences Positive Growth in Foreign Investment

Foreign Direct Investment, News, Vietnam

August 28, 2023

The International Trade Council is pleased to share recent data underscoring Vietnam’s position as an increasingly attractive destination for foreign investment. As reported by Vietnam’s Ministry of Planning and Investment, the country has garnered an approximate foreign investment of US$18.15 billion (RM84 billion) within the first eight months of this year. This figure reflects an […]

International Trade Council Applauds Vietnam-Israel Free Trade Agreement

Economic Relations, Middle East, News, Vietnam

August 4, 2023

The International Trade Council is thrilled to announce the successful signing of the Vietnam-Israel Free Trade Agreement (VIFTA) on July 25. This landmark agreement is projected to amplify bilateral trade by fifty percent within the next two years. The fruit of a rigorous seven-year negotiation period, the agreement saw its formal endorsement by the trade […]

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