Minister of Industry and Trade Tran Tuan Anh has proposed that Vietnam and the Philippines consider the extension of the rice trade deal between the two countries to another period from 2017 to 2020.
Minister of Industry and Trade Tran Tuan Anh (Photo: VNA)
Vientiane (VNA) ⛎– Minister of Industry and Trade Tran Tuan Anh has proposed that Vietnam and the Philippines consider the extension of the rice trade deal between the two countries, which will expire at the end of this year, to another period from 2017 to 2020.
He made the proposal during a meeting with his Philippine counterpart Ramon Lopez in Vientiane, Laos on August 5 on the sidelines of the 48th ASEAN Economic Ministers’ Meeting and related meetings.
Minister Anh suggested that the Philippines organise the second meeting of the Vietnam-Philippines Joint Sub-Committee on Trade at a convenient time to foster cooperation and timely tackle emerging problems in bilateral trade ties, as well as discuss specific measures to boost two-way trade in the future.
Ramon Lopez lauded Vietnam’s proposal to extent the bilateral rice trade deal, affirming that he will discuss the matter with the relevant ministries and agencies of his country.
He agreed to organise the second meeting of the Vietnam-Philippines Joint Sub-Committee on Trade in the third quarter of this year, and invited his Vietnamese counterpart to co-chair the event in the Philippines.
Both sides expressed pleasure at the growing bilateral trade partnership over the past few years, with two-way trade reaching nearly 3 billion USD last year and 1.52 billion USD in the first half of 2016, a rise of 15.3 percent year on year.
So far this year, Vietnam has exported 1.08 billion USD worth of goods to the Philippines, up 17.5 percent, while importing 443 million USD worth of goods, an increase of 10.3 percent.
An upturn has been seen in both bilateral trading volume and value, while the goods being traded have become more diverse. Vietnam mainly exports agricultural products, processed foodstuff and construction materials to the Philippines, while importing computers, electronic accessories and fertilizer.-VNA
Philippine President has affirmed that the ruling of the Permanent Court of Arbitration based in The Hague on the case between his country and China will be a "ground" for future talks.
The ASEAN Senior Economic Officials Meeting began in Vientiane, Laos on August 1 to gear up for the 48th ASEAN Economic Ministers’ Meeting (AEM 48) and related meetings.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Minister of Industry and Trade Tran Tuan Anh (Photo: VNA)
