Vietnam, India likely to complete trade target this year: official

Goods for export at Cai Lan port (Photo: VNA)Illustrative image (Source: VNA)– Vietnam and India may complete the goal of 15 billion USD in two-way trade this year despite impacts from the COVID-19 pandemic and geostrategic competition in the region and in the world, according to Vietnamese Trade Counsellor in India Bui Trung Thuong.Thuong noted that trade between the two countries reached 11.43 billion USD in the first nine months of this year, a year on year rise of over 16%, with Vietnam’s trade surplus of 6.13 billion USD, up 35%.Bilateral cooperation in tourism and investment also grew with the resumption and launch of direct air routes, he said, adding that Adani Group has committed to pouring 10 billion USD in Vietnam.The official underlined that Vietnam and India can supplement each other in economic production. India is an important supplier of materials, while Vietnam has high demand for materials in service of production and export. Currently, India is Vietnam’s leading provider of aquatic, garment and textile, leather and pharmaceutical materials, he added.The 1.4-billion-strong Indian market has diverse demands with various market segments - a good condition for Vietnamese exporters.However, according to Thuong, the presence of Vietnamese businesses in the market has remained modest, while the administrative and legal system of India has been complicated with toughest trade defence measures, which has caused great difficulties for Vietnam in approaching the market.As part of the efforts to support Vietnamese firms to penetrate the market more deeply, the Vietnam Trade Office in India has organised online trade promotion activities, especially amid the COVID-19 pandemic, said the official.The office has also connected many Vietnamese firms with their Indian peers and helped deal with trade conflicts, while providing domestic businesses with trade defence cases initiated by the Indian side, he said.Thuong said that as Vietnam and India are celebrating the 50th anniversary of the diplomatic relations this year, the office has coordinated with relevant agencies to organise 50 trade promotion activities, and sent businesses of both sides to international trade fairs in Vietnam and India./.

October 27, 2022 15:11 UTC


Rice sector stands a chance to boost value thanks to by-products

The meeting between Deputy Minister of Agriculture and Rural Development Tran Thanh Nam (second from right) and representatives of the Oryza Oil & Fat Chemical company (Photo: VNA)– Vietnam, a leading rice producer and exporter in the world, has a chance to earn higher value from the grain by capitalising on by-products.Talking to visiting Vietnamese Deputy Minister of Agriculture and Rural Development Tran Thanh Nam, Murai Hiromichi, President of the Nagoya-based Oryza Oil & Fat Chemical company, said rice bran oil generates 320 - 350 USD per tonne in value while compounds obtained during oil extraction are used in 70 nutritional and beauty care products.He noted rice oil is a popular product in Japan and other developed countries, adding that each tonne of bran can bring about 2,000 - 3,000 USD or higher in value if it is maximised.Making a fact-finding tour of the factory of Oryza Oil & Fat Chemical, Deputy Minister Nam said applying technology to produce high-value products from rice bran could be an answer to the question of how to help rice farmers in Vietnam raise income.In 2021, the country produced about 44 million tonnes of rice, which generated about 8 million tonnes of bran.Prof. Tran Dang Xuan from the Hiroshima University held that Vietnam should step up research and cooperation with Japan and other developed countries to soon make use of the values of agricultural by-products, especially from rice./.

October 27, 2022 06:16 UTC


Vietnam News Agency attends 18th OANA General Assembly in Iran

The opening ceremony of the 18th OANA General Assembly in Tehran on October 24 (Source: VNA)VNA General Director Vu Viet Trang chairs a panel discussion of the 18th OANA General Assembly in Tehran on October 24. (Source: VNA)VNA– A Vietnam News Agency (VNA) delegation led by General Director Vu Viet Trang is taking part in the 18th General Assembly of the Organisation of Asia-Pacific News Agencies (OANA), which kicked off in the Iranian capital of Tehran on October 24.The opening ceremony was attended by Iranian Minister of Culture and Islamic Guidance Mohammad Mehdi Esmaili, Vietnamese Ambassador to Iran Luong Quoc Huy, diplomatic representatives of some participating countries, and 22 delegations of regional news agencies.In his opening remarks, Kim Hyeon-jun, an executive of the Republic of Korea’s Yonhap news agency - which is holding the OANA presidency, said the 18th General Assembly is an occasion to assess challenges and discuss measures for promoting bilateral and multilateral cooperation among member news agencies after an over-two-year hiatus caused by the COVID-19 pandemic.Managing Director of the Islamic Republic News Agency (IRNA) Ali Naderi highly valued the role of the media, which has comprehensively reflected the pandemic’s impacts on the world.He said it’s time for news agencies to enhance connectivity and cooperation, and a new chapter begins in the fields of communications and media after the pandemic.After the opening ceremony, VNA General Director Vu Viet Trang chaired a panel discussion on media cooperation in the post-pandemic period. The discussion featured Vugar Seyidov from the AZERTAC News Agency of Azerbaijian and Toshimitsu Sawai from Kyodo News of Japan as the main speakers.In her introductory speech, Trang held that news agencies have undergone trying times during the COVID-19 pandemic as their service revenue shrank strongly, most of development projects were delayed, and many media companies had no other choices but to shut down.Besides, digital technology has changed the public’s information access from print newspapers to internet platforms, forcing news agencies to change accordingly, she went on, adding that the discussion was an occasion for regional news agencies to work out solutions and initiatives to surmount difficulties and move forwards.On the first day of the 18th General Assembly, the 49th meeting of the OANA Executive Board and a photo exhibition on the post-pandemic life also took place./.

October 25, 2022 02:21 UTC


Tags
Finance      African Press Release      Lifestyle       Hiring       Health-care       Online test prep Corona       Crypto      Vpn      Taimienphi.vn      App Review      Company Review      Game Review      Travel      Technology     
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */