Politics

Party chief’s US visit forges stronger bilateral ties

Vietnam and the US have made clear their viewpoints and discussed candidly pragmatic benefits of bilateral cooperation during Party General Secretary Nguyen Phu Trong’s recently-concluded US visit, according to official members of the Party leader’s entourage.

Minister of Industry and Trade Vu Huy Hoang said the Trans-Pacific Partnership (TPP) agreement was among important matters discussed during the visit.
Power output increases by 12.35 percent Business

Power output increases by 12.35 percent

The total amount of power produced during the first six months of this year was 78.74 billion kWh, a 12.35 percent increase compared to the same period last year, according to a report issued by the Electricity of Vietnam (EVN).
EU FTA to unlock green-growth Business

EU FTA to unlock green-growth

The free trade agreement being negotiated between Vietnam and the EU is expected to encourage businesses to reform and update technology, an important factor in promoting green growth in the country, according to the deputy chairman of the HCM City People's Committee.

Tat Thanh Cang, speaking at a briefing organised by EuroCham and its Green Growth Sector on June 18 in HCM City, said that Vietnam should target green growth to ensure sustainable development.
Politics

Industry minister takes floor at NA question-answer session

Minister of Industry and Trade Vu Huy Hoang fielded a number of questions ranging from crackdowns on counterfeit and contraband goods to bringing electricity to rural and island areas during a National Assembly question-and-answer session in Hanoi on June 12.
Agricultural produce dominates parliament sessions Business

Agricultural produce dominates parliament sessions

Minister of Industry and Trade Vu Huy Hoang on June 11 was grilled on policies to promote the selling of farm products, a burning issue that National Assembly (NA) deputies had questioned Minister of Agriculture and Rural Development Cao Duc Phat about earlier the same day.
Business

Vietnamese firms face big changes following Eurasia Economic Union trade deal

The recent conclusion of the free trade agreement (FTA) between Vietnam and the Eurasia Economic Union (EAEU), comprising of Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan, is expected to offer both opportunities and challenges to Vietnamese business players.

In an interview granted to the Vietnam News Agency, Minister of Industry and Trade Vu Huy Hoang highlighted the significance of the trade pact, the first of its kind struck between the union and an outside partner, which covers almost all commerce and investment fields from trade in goods and services, investment services, finance and banking to science-technology services, e-commerce, intellectual property, environmental protection and Government purchase.
Trade deficit reaches 3 billion USD Business

Trade deficit reaches 3 billion USD

The total merchandise export turnover was recorded at 63.2 billion USD in the first five months of this year, an increase of 7.3 percent over last year's figure.

Meanwhile, the total import turnover reached 66.2 billion USD, recording an increase of 15.8 percent from last year.
Vietnam, EU speed up FTA negotiations Business

Vietnam, EU speed up FTA negotiations

Minister of Industry and Trade Vu Huy Hoang and European Commissioner for Trade Cecilia Malmstrom sought to boost Vietnam-EU Free Trade Agreement (FTA) negotiations during their working session in Kuala Lumpur on April 25.