Hanoi to showcase products and trade opportunities from Thailand

Speaking at the ASEAN Post Ministerial Conference (PMC) +10 Sessions with China, Japan, the Republic of Korea, India, Russia, the US, the EU, Canada, Australia and New Zealand on July 23, the Deputy PM said the two sides should accelerate the implementation of cooperation agreements and complete ongoing negotiations as soon as possible in order to build free-trade areas to boost thetwo sides’ economic and commercial ties. He said they should also create opportunities for ASEAN member countries to integrate through international trade, promote cooperation for mutual benefit, and deal with global issues and challenges, with the aim of contributing more to maintaining peace, security and development in Southeast Asia, the Asia-Pacific region and the world. The Deputy PM expressed his hope that dialogue partners would continue to support and assist ASEAN to obtain its targets of building the ASEAN community and upholding its important role in regional processes. On the afternoon of July 23, the Vietnamese delegation co-chaired the ASEAN PMC+1 session with Canada. During the Foreign Ministers’ meeting of Cambodia, Laos and Vietnam, Deputy PM Khiem had a working session with Japan to promote CLV+J and Mekong-Japan cooperation programmes. He praised Japan’s commitment to assisting Vietnam, Laos and Cambodia in the framework of cooperation between the three countries, Japan and Mekong-Japan. He said Japan pledged aid for the East-West Corridor, the Southern Corridor and the Cambodia-Laos-Vietnam Triangle. Deputy PM Khiem said that in the “Mekong-Japan Exchange Year 2009”, Vietnam will organise days of Mekong-Japan tourism and culture with…... [read more]

Addressing the event, Mr Ca reiterated Vietnam’s policy to welcome and create favourable conditions for regional and international businessmen and investors to come to the country. The forum, held by the China International Trade Promotion Committee in collaboration with the Chinese side in the China-ASEAN Secretariat, drew nearly 200 delegates from China, Japan, the Republic of Korea and 10 member countries of the Association of Southeast Asian Nations (ASEAN). Participants discussed regional economic and trade situation. They agreed that regional economies need to enhance cooperation, expand mutual investment, improve regional competitiveness and boost trade and investment promotion, as well as cooperation in the region.... [read more]

Prime Minister Nguyen Tan Dung and a high-ranking government delegation met with the Chairman of the Standing Committee of the National People’s Congress (NPC) of China, Wu Bangguo, at the Great Hall of the People in Beijing on October 23 as part of their official friendship visit to China and attendance of the seventh Asia-Europe (ASEM7). Mr Wu Bangguo praised Mr Dung’s visit and affirmed that the Party, Government and people of China attaches great importance to promoting the ties of friendship and cooperation with Vietnam. He expressed the hope that the outcomes of the talks between PM Dung and Chinese Premier Wen Jiabao and the General Secretary of the Communist Party of China (CPC) Central Committee and President Hu Jintao will help further promote the comprehensive strategic partnership between the two parties and peoples. PM Dung congratulated the Chinese people on their immense achievements under the leadership of the CPC during 30 years of carrying out an open-door policy, building characteristically-Chinese socialism and heightening their country’s role in the international arena. The Party, State and people of Vietnam want to try their utmost to develop long-term and comprehensive relations with China under the motto of "Friendly neighbourliness, comprehensive cooperation, long-term stability, and future-oriented vision," and in the spirit of “good neighbours, good friends, good comrades and good partners”, said Mr Dung. The development of the strategic partnership between the two countries is consistent with the basic interests and aspirations of their people, thereby further developing the time-honoured friendship fostered…... [read more]

The Thai Embassy’s Trade Counsellor to Vietnam Busaba Butrat says most of ASEAN countries rely on the exchange of goods. Thailand is now focused on tailoring its products to the needs of consumers within the framework of ASEAN trade cooperation. The Thai Trade Office in Vietnam has regularly invited Vietnamese businesses to attend trade fairs or conduct fact-finding tours across Thailand. It has also encouraged both Thai and Vietnamese businesses to achieve deeper integration into the regional economy. Thai Ambassador to Vientam Anuson Chivanno says the 2015 ASEAN Economic Community (AEC) will present new economic opportunities and challenges facing the bloc. He says the Thai Foreign Ministry’s Department of International Trade Promotion is responsible for sponsoring the 2015 AEC event. One of them scheduled for August 15–18 in Hanoi will involve nearly 150 Thai businesses. Busaba Butrat says the two-way trade turnover between Thailand and Vietnam remains stable in the face of the global economic downturn. Thailand’s imports of Vietnamese products rose 47% in 2012 and more than 40% in the first few months of this year while Vietnam’s imports of Thai products increased by some 30%. Bilateral trade value is expected to hit US$20 billion in 2015, she adds with strong belief in the bright prospects for mutually beneficial cooperation in the fields of agriculture, footwear, civil electricity, and food processing.... [read more]

They will display in more than 250 booths equipment in metal manufacturing, packaging, food processing, farming machines, printing and paper industries as well as equipment for environmental cleaning.Seminars and a ceremony for signing contracts between Chinese and Vietnamese businesses will be included in the exhibition, the fifth annual machinery show of China in Vietnam.Chinamac, one of the biggest Chinese exhibitions abroad, is aimed at boosting the two countries’ trade as Vietnam increasingly needs new equipment and technology to raise its products’ competitiveness after joining the World Trade Organisation (WTO).The exhibition is jointly organised by the Vietnam Fair and Advertisement Company, the Vietnam Association of Mechanical Industry, the Ho Chi Minh City Industry Department, the China Council for International Trade Promotion and some Chinese companies.... [read more]

On display are different kinds of food, fresh fruit, household appliances, garment and textile, jewelry, electronic products, healthcare services, make-up, automobile spare parts, interior decoration, gifts, tourism and aviation services. Nguyen Thanh Bien, Deputy Minister of Industry and Trade, said the exhibition aims to promote trade relations between Vietnam and Thailand. It provides a good chance for investors, producers and businesses from Thailand and Hai Phong city to meet and discuss ways of raising two-way trade turnover to over US$6 billion in the near future. The exhibition, organized by the Department of International Trade Promotion (DITP), under Thailand’s Ministry of Commerce, in co-ordination with the Thai Embassy in Hanoi and Vietnam Trade Fairs and Advertising Company (Vinexad), will last until March 25.... [read more]

Thai products exhibited in Haiphong At the event, 150 stalls are showcasing good-quality products, including food, beverage, fruit, household commodities, garments, jewelry, cosmetics and beauty care services, vehicle equipment and spare parts, souvenirs, interior decoration, and arts and handicrafts. Anuson Chinvano, Thai Ambassador to Vietnam, spoke highly of the development potential of the Vietnamese market, and said the exhibition not only advertises Thai products, but also provides good opportunities for Thai businesses to explore this market, seek partners and increase bilateral trade. The four-day exhibition is being organized by the Vietnam Trade Fair and Advertising Company (Vinexad) in co-ordination with the Thai Embassy in Vietnam and the Department of International Trade Promotion (DITP), under Thailand’s Ministry of Commerce.... [read more]

Ukraine, Vietnam trade unions cement ties In 2011, Vietnam shipped seafood, pepper, rice, clothing , textiles and footwear to Ukraine, and in return purchased wheat, machines and steel from the eastern European country. The two-way trade turnover totaled almost US$300 million, according to new figures released at a conference in Ho Chi Minh City on July 20. Yevhen Prypik, Ukrainian Trade Counselor to Vietnam, provided the participants with practical information about the two countries’ potential for development, especially in such fields as natural resources, labour and technologies, which Ukraine has proved to be successful within. Rainbow Centre Deputy Director, Vu The Hoang, said Ukraine is an emerging market with an abundant consumer demand. Vietnamese businesses, however, do not pay due attention to trade promotion and therefore cannot hold key positions in import and export trade in this market, he added. To support successful Vietnamese ventures in Ukraine in the future, Hoang outlined his centre is implementing a product promotion campaign, embarking upon market research and introducing customs and requirements for establishing branches or representative offices in the country, in addition to organizing national exhibitions. He urged businesses to build links with the 10,000 Vietnamese people working and living in Ukraine in order to achieve better results. The conference aimed to introduce the Ukrainian market to potential Vietnamese exporters. An international exhibition of Vietnamese products is scheduled between 16-22 September in the Ukrainian capital. The week-long event will be held at the International Trade Promotion Center (Rainbow Centre) in Kiev, which…... [read more]

Deputy Minister of Industry and Trade, Ho Thi Kim Thoa,described how Vietnam Expo 2013 serves as a crucial bridge in strengthening trade promotion activities between local and foreign businesses, especially in Asia. The fair attracted investors and representatives from various sectors including equipment and machinery, agricultural and processing products, construction, electricity, electronics, information technology, tourism, interior design, handicrafts and fashion. It provided a unique opportunity for Vietnamese businesses to approach the market and exchange advanced technological and scientific achievements, contributing to accelerated international economic integration. Trade stands from India, Taiwan, Indonesia, Malaysia, the Republic and Korea and China showcased outstanding services and products by international trade promotion organizations. On display at the InterCycle Vietnam 2013 were bicycles, electric bicycles, spare-parts and toy bicycles from well-known brand such as Giant, Merida, Weiel and Martion 107. Another international exhibition was held in HCM City to advanced and modern equipment and machines from 180 worldwide businesses with a focus on Vietnam’s integration and sustainable development. This specialized event helped local and international businesses boost investment, trade promotion, meeting the demands for machinery, equipment and advanced technologies for the country’s economic development towards green growth, safety, security and efficiency.... [read more]

The argument has been that agricultural trade liberalisation would give undue advantage to large commercial scale production systems such as those in neighbouring Thailand at the expense of the family farmer resulting in a deterioration of the trade balance for the industry. However, other economists have said not so fast, regional trade liberalization in particular would bring with it a reduction in costs for the smallholder in Vietnam along with an increase in sales prices relative to costs and thereby increase their income. It would also provide the opportunity for those able to reinvest those profits or corral alternative sources of investment to boost research, modernise their equipment and scale up their systems enabling them in the long run to compete on an equal footing. We are now beginning to see early signs that the latter economists may have been on target with their analysis. Take for example, Ba Huan Co, Ltd, a smallholder egg supplier in Vietnam. It was able to muster investment for a modern factory in Long An province it just inaugurated in early 2015, which incorporates all the latest technologies. Earlier, the company erected a VND100 billion factory to process eggs in the Binh Chanh district, HCM City and a standard breeding farm in Binh Duong after it was able to round up VND320 billion. With an investment of VND60 billion, the company also implemented a new factory in Long An province specialising in producing fresh chicken, chicken sausages, chicken and duck eggs, flan cakes, and…... [read more]

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