Latest blog articles
Vietnam urges Australia to remove ban on raw shrimp
On January 7, the Australian Department of Agriculture and Natural Resources announced the suspension of prawn and shelled raw shrimp imports from Asian nations in fear of white spot disease outbreaks in Australia. The ban took effect on January 9 and will last for six months.
The MoIT has raised the issue at all bilateral meetings with the Australian side after the the ban was issued, expressing Vietnam’s concerns and asking Australia to consider removing the ban or replacing it with other measures that have less negative impacts.
Minister of Trade Tran Tuan Anh sent a public letter to the Minister of Trade, Tourism and Investment and the Minister of Agriculture and Water Resources of Australia on the matter in February.
According to the MoIT, the Minister of Agriculture and Water Resources and the Minister of Trade, Tourism and Investment of Australia sent their replies on March 8 and April 30, respectively, explaining that the ban was based on regulations of biosecurity.
They added that the Department of Agriculture and Water Resources is working on the matter as well as reviewing import conditions for products targeted by the ban in order to make necessary decisions for the resumption of safe trading activities of shrimp products soon.
The Australian ministers affirmed that Australia attaches importance to bilateral trade with Vietnam, including trading in agricultural products. They said Australia is willing to cooperate with Vietnam to review risk assessment measures.
China, Bangladesh sign investment pacts during Xi visit
DHAKA, Bangladesh (AP) — Chinese President Xi Jinping on Friday began a visit to Bangladesh during which the two countries signed agreements on billions of dollars of Chinese investment in infrastructure and energy and coordinating efforts in tackling terrorism and climate change.Xi, the first Chinese president to visit Bangladesh in 30 years, was received by Bangladesh President Abdul Hamid at Dhaka's airport.Chinese Assistant Foreign Minister Kong Xuanyou said Bangladesh was an important… chat_bubble_outline Read More...
Number of new businesses shoots up in Q1
Nearly 26,500 enterprises were created in the first quarter of this year with a total registered capital of over 270 trillion VND (11.8 billion USD), according to preliminary data reported on March 27 in Hanoi by the Ministry of Planning and Investment’s Enterprises Development Department. Workers at a rubber products factory in HCM City’s Tan Quy Industrial Zone The number of newly-established firms rose 11.4 percent and 45.8 percent in capital value compared to the same period last year,… chat_bubble_outline Read More...
ACV still negotiating with ADP over 20% stake sale
A representative from Airports Corporation of Vietnam (ACV) confirmed with VET that the sale of 20 per cent to Aeroports de Paris (ADP) is still under negotiation. Last week, after a lengthy courtship, the Vietnamese Government was reported to have given approval to the French airport authority acquiring 20 per cent of ACV and becoming its strategic partner.The representative confirmed, however, that the government gave permission to ADP to negotiate and only when negotiations are completed… chat_bubble_outline Read More...
Vietnam has trade relations with 200 countries
Vietnam has maintained trade relations with more than 200 countries, meaning its commodities are present in almost all markets worldwide, the Ministry of Industry and Trade said. There are about 70 markets where Vietnam has export turnover of more than US$100 million, according to a report on Vietnam’s imports and exports in 2016 published by the ministry on March 29.At the announcement ceremony, Deputy Minister of Industry and Trade Tran Quoc Khanh said Vietnam’s foreign trade has improved… chat_bubble_outline Read More...
WTO seeks trade deal on 'green' products
Geneva (AFP) - The heavyweights of world trade, including the United States, China and Japan, meet in Geneva this weekend to establish a list of environmentally friendly products for which tariffs can be eliminated or reduced.The green products include solar panels, wind turbines and air quality monitors "that can help achieve environmental and climate protection goals," the World Trade Organization said.EU Trade Commissioner Cecilia Malmstroem is expected at the WTO talks on Saturday along… chat_bubble_outline Read More...