Korea, Vietnam to pursue win-win situation through economic cooperation 0

5647801020130909182437703Source: The Dong-A Ilbo

President Park Geun-hye and her Vietnamese counterpart Truong Tan Sang have agreed to pursue a comprehensive and high-quality free trade agreement at the summit on Monday. A joint effort in nuclear power plant development in Vietnam was included in the summit statement, providing opportunities to Korea in winning nuclear deals. More…

Vietnam coffee premium seen rising amid thin farmer inventories 0

Robusta vietnamSource: Thanh Nien News

Buyers of coffee from Vietnam, the world’s largest producer of the robusta variety used in instant drinks, are paying a higher premium for their beans amid low supplies from farmers, according to Volcafe Ltd. More…

Energy cooperation important to Vietnam-Russia ties 0

Flag-Pins-Russia-VietnamSource: The Voice of Vietnam

Cooperation in energy, especially oil and gas, plays an extremely important role in the developing strategic partnership between Vietnam and Russia, Prime Minister Nguyen Tan Dung has said.

Dung made the statement at a reception for visiting Chairman of the Management Board and Chief Executive Officer of Russia’s Gazprom Neft Joint Stock Company Alexander Dyukov in Hanoi on September 4. More…

Sri Lanka Vietnam trade up 20-pct in first half 0

vietnamsrilankaSource: Lanka Business Online

Trade between Sri Lanka and Vietnam has risen 20 percent in the first half of 2013, Hanoi’s envoy to Colombo Ton Sinh Thanh said.

“Trade volume between the two countries in the first six months of the year reached 77 million US dollars, which is an increase of 20 percent,” Ambassador Thanh said at an event marking the national day of Vietnam.

“This is a quite high growth given the economic difficulties in the world.” More…

Manufacturing sector moves closer to stabilization: HSBC 0

Vietnam's economy expanded 4 percent in the first quarter, the slowest pace since 2009Source: The Voice of Vietnam

Vietnam’s manufacturing sector showed signs of near stabilization even though its output and new orders continued to fall in August, according to HSBC.

The August survey says, there was a survey record increase in employment as manufacturers were in the positive for activity. More…

2013’s economy likely to grow by 5.3% 0

A garment factory in Bien Hoa, VietnamSource: The Voice of Vietnam

Vietnam’s GDP growth rate in 2013 is more likely to stay at only 5.3%, or 0.2% less than predicted, according to a National Financial Supervision Commission (NFSC) report.

The NFSC released a report after evaluating the economy in the past eight months, saying achieving the initial target of 5.5% this year will be a challenging task. More…

Cambodian casinos may be at risk 0

Naga World ComplexSource: The Phnom Penh Post

As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries.

Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese Communist Party’s Politburo had decided to allow Vietnamese “meeting certain criteria” to gamble in a casino to be built in the northern province of Quang Ninh. More…

Vietnam plans to add border gates along border with Cambodia 0

Vietnam-Cambodia borderSource: The Wall Street Journal

Vietnam plans to build 13 new border gates along the boundary line with Cambodia to help boost trade that has already been growing between the two Southeast Asian nations.

Vietnam and Cambodia will work out plans to add 13 new border gates over the next seven years in areas belonging to the Central Highlands and the Mekong Delta region the Vietnamese government said Wednesday. More…

Vietnam-Lao 2013 trade turnover totals US$504 million 0

Flag-Pins-Laos-VietnamSource: The Voice of Vietnam

Bilateral trade between the two countries reached US$504 million in the first half of this year, up 8.3 percent on last year’s same period.

Vietnamese Deputy Minister of Industry and Trade Nguyen Cam Tu and his Laos counterpart Khemmany Phonxena agree Vietnam’s and Laos’ two-way trade turnover has yet to properly reflect both countries’ potential. More…

IFC supports Vietnam’s economic growth 0

IFC_LogoSource: The Voice of Vietnam

A leading official from the International Finance Corporation (IFC) of the World Bank Group has affirmed that the IFC has confidence in Vietnam’s long-term economic prospects and commits to supporting its growth during difficult times.

IFC Vice President for Asia Pacific Karin Finkeiston made the remark at an annual press conference held in Hanoi on August 15 to announce the outcomes of the IFC’s operations during the 2013 fiscal year (July 2012-June 2013). More…