Vietnamese, Israeli firms seek stronger partnership
Vietnamese businesses introduced their potential and strong export products in various fields to Israeli partners at a Vietnam-Israel consumer goods trade exchange that was held virtually on November 23.
Tel Aviv (VNA) – Vietnamese businesses
introduced their potential and strong export products in various fields to
Israeli partners at a Vietnam-Israel consumer goods trade exchange that was
held virtually on November 23.
Addressing the event, Ze’ev Lavie from the Federation of Israeli Chambers of Commerce (FICC) lauded the initiative of the Trade Office under the Vietnamese Embassy in Israel in holding the event, which provides a chance for Vietnamese and Israeli firms to foster connections amid the COVID-19 pandemic.
He briefed participants on the Israeli market and its high consumption power and liquidity, as well as the country’s business community.
He said that Israeli enterprises are interested in the Vietnamese market, a stable supplier of products, services and logistics to Israel in Asia.
Meanwhile, Vietnamese Ambassador to Israel Do Minh Hung highlighted Vietnam’s success in controlling the COVID-19 pandemic, international integration as well as the country’s business and investment environment and the prospect of concluding a bilateral free trade agreement in an early date.
Head of the Trade Promotion Agency Vu Ba Phu presented the strength of Vietnamese consumer products for export, while Vietnamese Trade Counselor in Israel Le Thai Hoa summarised the Vietnam-Israel trade relations, prospects for bilateral trade exchange as well as cooperation opportunities for the business communities of both sides in the future.
With a 9.3-million population, Israel is the third biggest export market of Vietnam in the Middle East region. It imports food, foodstuff, farm produce, footwear, garment and textile, mobile phones, coffee, cashew, frozen shrimp, tuna, and frozen squid from Vietnam, with an average annual turnover of about 800 million USD.
According to the General Department of Vietnam Customs, due to the COVID-19 impacts, in the first 10 months of this year, Vietnam earned only 574.21 million USD from exports to the Israeli market, of which 50 percent was from telephones and accessories.
The Southeast Asian country imported 717.06 million USD worth of products from Israel during the period, mostly computer, electronics and spare parts, and fertilizers./.
Addressing the event, Ze’ev Lavie from the Federation of Israeli Chambers of Commerce (FICC) lauded the initiative of the Trade Office under the Vietnamese Embassy in Israel in holding the event, which provides a chance for Vietnamese and Israeli firms to foster connections amid the COVID-19 pandemic.
He briefed participants on the Israeli market and its high consumption power and liquidity, as well as the country’s business community.
He said that Israeli enterprises are interested in the Vietnamese market, a stable supplier of products, services and logistics to Israel in Asia.
Meanwhile, Vietnamese Ambassador to Israel Do Minh Hung highlighted Vietnam’s success in controlling the COVID-19 pandemic, international integration as well as the country’s business and investment environment and the prospect of concluding a bilateral free trade agreement in an early date.
Head of the Trade Promotion Agency Vu Ba Phu presented the strength of Vietnamese consumer products for export, while Vietnamese Trade Counselor in Israel Le Thai Hoa summarised the Vietnam-Israel trade relations, prospects for bilateral trade exchange as well as cooperation opportunities for the business communities of both sides in the future.
With a 9.3-million population, Israel is the third biggest export market of Vietnam in the Middle East region. It imports food, foodstuff, farm produce, footwear, garment and textile, mobile phones, coffee, cashew, frozen shrimp, tuna, and frozen squid from Vietnam, with an average annual turnover of about 800 million USD.
According to the General Department of Vietnam Customs, due to the COVID-19 impacts, in the first 10 months of this year, Vietnam earned only 574.21 million USD from exports to the Israeli market, of which 50 percent was from telephones and accessories.
The Southeast Asian country imported 717.06 million USD worth of products from Israel during the period, mostly computer, electronics and spare parts, and fertilizers./.
You should also see
Government urged to probe gold traders to prevent possible market manipulation
The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
See more
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
Business
Hai Phong Techfest connects Vietnamese, RoK businesses
The Department of Science and Technology of the northern port city of Hai Phong is organising the International Techfest Connect 5+, a science and technology festival to promote connectivity in the northern coastal region, from April 15-16.
