Tag: trade

Foreign firms’ retail rush will lose some steam: trade ministry

Shoppers at the South Korean-owned Lotte’s first outlet in District 7, Ho Chi Minh City Contrary to expectations, the retail rush investments, as Vietnam opens the sector to wholly foreign-owned companies next year is likely to be a muted affair, says an official of the Ministry of Industry and Trade. The slowdown... Read more

Vietnam, Japan ink free trade agreement

Japan and Vietnam signed an economic partnership pact Thursday with a promise to cut tariffs on 92 percent of goods and services they trade within a decade. The Economic Partnership Agreement was signed by Industry and Trade Minister Vu Huy Hoang and Foreign Minister Hirofumi Nakasone in Tokyo.It would come into... Read more

Vietnam–South Korea trade fair organizer vanishes with cash

A couple who manage fair organizing company in Ho Chi Minh City have allegedly disappeared after collecting money from participating companies and not paying the rent for the fair’s location. The five-day Vietnam–South Korean Economic and Commercial Exchange Trade Fair that concludes tomorrow is being... Read more

Vietnam, US hold trade talks

The first round of negotiations on the Vietnam-US Bilateral Investment Treaty (BIT) was held in Washington this week. The Vietnamese delegation was led by a representative from the Ministry of Planning and Investment and included representatives from the ministries of Industry and Trade, Finance, Justice, the State Bank of Vietnam and the Vietnamese Embassy... Read more

Approaching coffee trade the modern way

VietNamNet Bridge – Nguyen Dinh Doi, who owns two hectares of coffee in Buon Ma Thuot City in the Central Highlands province of Daklak, now finds coffee trading more attractive. For him, the normal business of private traders approaching farmers to buy their produce Though ineligible to register himself as an official member of the exchange center, which... Read more

Hungarian ambassador urges greater trade

VietNamNet Bridge – Hungarian and Vietnamese enterprises still lack information about each other, said Nguyen Quoc Dung, Vietnamese Ambassador to Hungary at a meeting with his Hungarian counterpart in Ha Noi on Monday. Nguyen Quoc Dung, Vietnamese Ambassador to Hungary at a meeting in Budapest.Dung added that the two countries have had a good, traditional... Read more

Trade ministry looks to streamline LPG pricing

The Ministry of Industry and Trade is seeking ways to better manage retail pricing of liquefied petroleum gas (LPG) to prevent unhealthy competition among enterprises while offering more reasonable prices to consumers. “Retail LPG shops always add between VND5,000 (US$0.3) and VND10,000 ($0.6) to the maximum... Read more

Exports to Japan may soar after trade deal

VietNamNet Bridge – The number of Vietnamese exports to Japan is expected to soar, following an agreement between Japan and Southeast Asian countries on the elimination of tariffs on nearly 80 per cent of Vietnamese goods. Vietnamese agricultural exports to Japan that will be tariff-free, include ginger, garlic, durian, rambutan, apricot, canned litchi... Read more

Hue’s silver engraving trade may disappear

VietNamNet Bridge - In a small space in Hue’s Dao Duy Anh Street, engraver Tran Huu Nhon, 75, puts the finishing touches on a highly intricate silver statue of Buddha. Nhon engraves a silver figure of Quan The Am (the Goddess of Mercy). VietNamNet Bridge - In a small space in Hue’s Dao Duy Anh Street, engraver Tran Huu Nhon, 75, puts the finishing... Read more

Vietnam pushing free trade area with US

VietNamNet Bridge – “We are trying to promote negotiations on a free trade area agreement with the US. This would be a long-term task,” said Vietnamese Ambassador to the US Le Cong Phung on the sideline of the 16th diplomatic sector conference. President Nguyen Minh Triet met US President G.Bush in June 2007.VietNamNetBridge – “We... Read more

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