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Viet
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- #694
the gov chief Chinh slams his people during a meeting: how common people can affort apartment with 70-100 million VND per m2 (2,650-3,790 USD)?
market reaction to increasing demand meeting limited supply. should increase supply e.i. social housings. as the Vietnamese get weatlhier people rush to buy properties.
market reaction to increasing demand meeting limited supply. should increase supply e.i. social housings. as the Vietnamese get weatlhier people rush to buy properties.
Viet
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- #698
Vietnam’s top leader plans rare visit to North Korea in October
Photo: Reuters
Preparations for the trip are still underway and no official announcement has been made. Vietnam’s Foreign Ministry and North Korea’s embassy in Hanoi have not commented. One official, speaking on condition of anonymity, said Lam is expected to meet North Korean leader Kim Jong Un during the visit, News.Az reports, citing Reuters.
The last Vietnamese leader to travel to Pyongyang was Communist Party chief Nong Duc Manh in 2007. Before that, the only other such visit was by Vietnam’s founding father Ho Chi Minh in 1957.
Despite maintaining close diplomatic relations, Vietnam and North Korea currently have no formal trade ties, according to the Vietnamese embassy in Pyongyang. The last available trade data dates back to 2016, when Vietnam exported goods worth nearly $3 million to North Korea.
The planned trip comes as the two nations mark 75 years of diplomatic relations. It would also follow Lam’s August visit to South Korea, where he was the first foreign leader hosted by President Lee Jae Myung since Lee took office in June. South Korea is one of Vietnam’s largest economic partners, with Korean investments exceeding $90 billion, led by companies like Samsung Electronics.
North Korea, meanwhile, remains under heavy international sanctions linked to its nuclear weapons program. Kim Jong Un last visited Hanoi in 2019 for a summit with then-U.S. President Donald Trump.
Vietnam’s top leader plans rare visit to North Korea in October | News.az
Preparations for the trip are still underway and no official announcement has been made. Vietnam’s Foreign Ministry and North Korea’s emba...
news.az
Viet
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- #702
Kim Yong Un crying tears during a live televised address to the nation
He thanks Vietnam for saving North Korea from the famine in the 1990s. During the period the Vietnamese sent foods, farming experts although Vietnam itself just came out from war aftermath, worst economic crisis, food rationing.
He thanks Vietnam for saving North Korea from the famine in the 1990s. During the period the Vietnamese sent foods, farming experts although Vietnam itself just came out from war aftermath, worst economic crisis, food rationing.
Viet
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- #704
As trade deficit grows, EU to urge Vietnam to remove barriers, sources say
REUTERS
Item 1 of 2 Labourers work at a garment assembly line of Thanh Cong textile, garment, investment and trading company in Ho Chi Minh city, Vietnam July 9, 2019. REUTERS/Yen Duong/File Photo
- Summary
- EU's trade commissioner Sefcovic to visit Hanoi on Friday
- Dozens of EU farm products barred from Vietnam market
- Vietnam is EU's top trade partner in Southeast Asia
HANOI, Sept 24 (Reuters) - European Union officials plan to press Vietnam on Friday to lift administrative barriers on EU goods, as the bloc's trade deficit with Hanoi expands amid global trade tensions, according to two European officials and a draft document.
After a tariff-slashing free trade agreement signed in 2019, Vietnam has become the EU's largest trading partner in Southeast Asia, with bilateral trade reaching 67 billion euros ($79 billion) last year, according to the European Commission.
However, trade flows remain largely unbalanced, with the EU's trade deficit rising nearly 20% last year to approximately $50 billion, data show.
And the gap for the 27-nation bloc keeps growing, as it reached nearly $30 billion in the first half of this year and accelerated in July, EU data show.
EU trade commissioner Maros Sefcovic will meet Vietnamese officials on Friday as part of a trip to Southeast Asian which includes Indonesia and Malaysia.
Discussions will focus on removing non-tariff barriers for EU products such as food, pharmaceuticals and automobiles, according to two European officials and the draft agenda of a meeting Sefcovic will attend in Hanoi.
A spokesperson for the European Commission did not respond to a request for comment.
POTATOES, POULTRY BARRED
Among dozens of products that cannot be exported because of administrative issues are apples and kiwis from Italy, poultry from Spain, potatoes from Germany and pork meat from multiple EU countries, five European officials said.Some farm products have been prevented from reaching Vietnamese consumers despite being deemed safe by local authorities, because of delays in obtaining certificates, two of the officials said.
Vietnam's trade ministry did not reply to a request for comment. Delays are often attributed by the Vietnamese to lack of personnel, European officials said. The talks come amid broader trade pressures as both Hanoi and Brussels seek to diversify markets for their products while facing new tariffs from the United States.
Vietnam's exports to the United States, its largest market, could drop by a fifth from the impact of the new 20% duties levied on its goods from the U.S., making it the most vulnerable country in Southeast Asia, according to estimates by the United Nations Development Programme.
EU officials are keen to strengthen ties with Hanoi but privately acknowledge that Vietnam should do more to meet trade partners' demands, especially after it made trade concessions to Washington under threat of punitive tariffs.
At Friday's meeting, officials will also discuss Vietnam's new consumption tax, according to the draft agenda. One official said that the levy could hit European wine exports.
Two European officials said long-standing concerns about EU exports of pharmaceutical products and cars were being gradually addressed.
The Vietnamese side will raise issues related to rice exports and EU tariffs on carbon-intensive imports, such as steel, and regulations on corporate due diligence, according to the draft agenda.
Viet
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- Thread starter
- #705
apples and kiwis from Italy, poultry from Spain, potatoes from Germany and pork meat from multiple EU countries?
the EU just needs to negotiate. a view of Aeon supermarket in Long An, all stuffs on sale available from all over the world. imported beef mostly seems from Australia.
the EU just needs to negotiate. a view of Aeon supermarket in Long An, all stuffs on sale available from all over the world. imported beef mostly seems from Australia.
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