Vietnam, Uruguay sign trade, investment promotion deal Business

Vietnam, Uruguay sign trade, investment promotion deal

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry has inked a memorandum of understanding (MoU) on trade and investment promotion with Uruguay’s Investment, Export and Country Brand Promotion Agency.
Event reviews Vietnam-Japan economic cooperation Business

Event reviews Vietnam-Japan economic cooperation

An event to review economic cooperation between Vietnam and Japan over the years and towards effective development in the future was held by the Vietnam Chamber of Commerce and Industry (VCCI) on February 25.

Local wood exports projected to grow

Vietnam expects the export value for its wooden products to jump to 7 billion USD this year, according to the Vietnam Wood and Forestry Product Association.

Rising exports help boost trade surplus

Vietnam achieved a significant trade surplus in the period from January 1 to February 15, according to figures from the General Department of Customs.

Vietnam enjoyed a trade surplus of nearly 1.4 billion USD in the period, including a surplus of 774.6 million USD attained in January, and 614.4 million USD in the first half of February.

Timber origin issues plague local exporters

Made-in-Vietnam timber and wood products have faced obstacles in accessing foreign markets due to stricter foreign laws, which require timber products to be granted Forest Stewardship Council certification, said Hua Duc Nhi, Deputy Minister of Agriculture and Rural Development.

Forest Stewardship Council (FSC) certification proves wood products are from certified sources of origin throughout the supply chain, and guarantees that timber used has been supplied through responsibly harvested and verified sources.

Five jailed for car swindle

Five people, including a Dutch Ncitizen, have been sent to jail in Can Tho for swindling people out of 2.3 billion VND (120,000 USD) by hiring their cars and pawning them.