Việt Nam, India target doubling two-way trade by 2030

10:09 | 02/08/2024 Foreign trade Follow Ven.vn on

The Prime Minister emphasised that Việt Nam always remembers India's valuable support in the past cause of national liberation struggle, as well as the current cause of national construction and development.

Prime Minister Phạm Minh Chính held talks with Indian President Droupadi Murmu in New Delhi on Thursday. VNA/VNS Photo

NEW DELHI - Prime Minister Phạm Minh Chính proposed Việt Nam and India implement measures to double two-way trade, investment and tourism by 2030.

He was speaking following talks with Indian President Droupadi Murmu in New Delhi on Thursday.

Chính congratulated India on obtaining great achievements in economic development, science-technology, defence-security, infrastructure development and constantly improving people's lives.

He thanked the Indian President and the Government of India for their condolences and touching gestures upon the passing of the late General Secretary Nguyễn Phú Trọng, an outstanding leader of the Vietnamese people, a close friend of the Indian people.

The Prime Minister emphasised that Việt Nam always remembers India's valuable support in the past cause of national liberation struggle, as well as the current process of national construction and development.

He delivered his thanks to India for supporting Việt Nam during the COVID-19 pandemic in terms of ventilators, oxygen generators and masks.

Việt Nam also donated a number of ventilators and medical equipment to India, showing that the two countries are always standing side-by-side in difficult times.

Việt Nam always supports and wishes India to grow stronger and have an increasingly higher role and position in the regional and global arena, he said.

The Indian President noted that the two countries have a long-standing traditional friendship, diligently nurtured by generations of leaders and people.

She expressed her joy that in recent years, the bilateral relationship has grown vigorously, especially since the establishment of the Comprehensive Strategic Partnership in 2016.

Exchange of delegations and cooperation have been intensified at all levels and through all channels, she said.

She highly appreciated the results of the talks between Prime Minister Chính and his counterpart Narendra Modi, especially the adoption of a joint statement on strengthening the Comprehensive Strategic Partnership between the two countries.

Chính proposed India to continue to support Việt Nam with preferential credit packages and capacity training.

He also proposed increasing the frequency of direct flights to promote people-to-people and locality-to-locality exchanges.

Chính also used the occasion to convey President Tô Lâm's greetings and invitation to Indian President Droupadi Murmu to arrange a visit to Việt Nam in the near future.

Source: VNS

See more news

Vietnam-US bilateral trade moves closer to US$90 billion mark

16:11 | 17/09/2024 Foreign trade

The past eight months of the year witnessed two-way trade between Vietnam and the United States reach US$87.7 billion, with strong growth recorded in both exports and imports.

Vietnam-China trade turnover hits nearly 130.8 billion USD

16:03 | 17/09/2024 Foreign trade

HANOI – The import-export turnover between Vietnam and China reached nearly 130.8 billion USD in the first eight months of this year, according to the latest statistics from the General Department of Customs.

Vietnam's seafood exports continue recovery

10:04 | 17/09/2024 Major exports

HANOI - Vietnam saw a gradual recovery of seafood exports during the first eight months of this year, both in terms of demand and price.

Australian plums to be available in Việt Nam

17:22 | 16/09/2024 Foreign trade

Australia’s agriculture, fisheries and forestry exports to Việt Nam reached A$3.7 billion (US$2.5 billion) during 2023-24, with a growing trade in stone fruit.

Việt Nam likely earn $5b from rice exports this year

11:50 | 16/09/2024 Major exports

Việt Nam exported 6.16 million tonnes of rice in the first eight months of this year, up 5.9 per cent over the same period last year, the Ministry of Agriculture and Rural Development (MARD) has said.

Wood export target of 15.2 billion USD feasible, challenges remain

11:57 | 15/09/2024 Major exports

HANOI – Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of 15.2 billion USD for the whole year, according to insiders.

PM urges Indonesia to early sign bilateral rice trade cooperation agreement

17:26 | 14/09/2024 Foreign trade

HÀ NỘI — Prime Minister Phạm Minh Chính received Indonesian President-elect Prabowo Subianto in Hà Nội on September 14, during which he proposed Indonesia soon sign a rice trade cooperation agreement with Việt Nam.

Agro-forestry-aquatic exports to US soar by nearly 31% in eight months

14:47 | 13/09/2024 Major exports

Vietnamese agro-forestry-fisheries exports to the United States surged by nearly 31% to reach US$8.5 billion during the first eight months of the year, according to the Ministry of Agriculture and Rural Development (MARD).

US receives request for anti-dumping probe into CORE steel from Vietnam

09:54 | 13/09/2024 Foreign trade

The US Department of Commerce (DOC) has received a request for anti-dumping and anti-subsidy probe into corrosion-resistant steel products (CORE) from 10 countries, including Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV).

Vietnam, US prioritise opening markets for farm produce: Official

09:26 | 13/09/2024 Foreign trade

HANOI – Market access for agricultural products is a top priority for Vietnam and the US with significant progress made, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan told visiting the US Department of Agriculture (USDA)'s Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor at their meeting in Hanoi on September 12.

Latest Most Read

Vietnam, Cuba see potential for trade growth

17:07 | 20/09/2024 Foreign trade

Vietnamese top leader’s Cuba visit of historical significance: Cuban Ambassador

17:02 | 20/09/2024 News and Events

Havana – The upcoming visit to Cuba by General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam, a great friend of the Cuban people, Party, and Government, is important and of great significance, stated Cuban Ambassador to Vietnam Orlando Nicolas Hernandez Guillen.

HCM City to build more CNG filling stations

15:58 | 20/09/2024 Economy

Ho Chi Minh City plans to invest in compressed natural gas (CNG) filling stations at bus terminals at District 8, Nga Tu Ga and new Mien Dong (Eastern) Bus Station.

Top leader’s working trip to US holds great significance: diplomat

15:52 | 20/09/2024 News and Events

Washington DC - The upcoming trip to attend the United Nations Summit of the Future and the 79th session of the UN General Assembly (UNGA 79), and to hold working sessions in the US by General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam is of great significance, as it serves as an opportunity to affirm Vietnam’s foreign policy of independence, self-reliance, multilateralism, and diversification of international relations.

My Khe, Non Nuoc beaches among world's 50 best: Telegraph

15:50 | 20/09/2024 Tourism

British newspaper The Daily Telegraph has named My Khe and Non Nuoc in the central city of Da Nang in a list of 50 best beaches on the planet. The two beaches are described "best for atmosphere", according to the newspaper.

Multimedia

Video Longform Infographic Photo

My Khe, Non Nuoc beaches among world's 50 best: Telegraph

15:50 | 20/09/2024 Tourism

First 8 months: Total import-export turnover up 16.7%

15:02 | 19/09/2024 Infographic

Vietnam’s total trade turnover reached 511.11 billion USD in the first eight months of 2024, marking a 16.7% increase compared to the same period last year.

Vietnam wins first-ever medal at Women's World three-cushion Championship

10:05 | 18/09/2024 Lifestyle

Nguyen Hoang Yen Nhi became the first Vietnamese player to win a medal at the Women's World Three-cushion Championship, which concluded in France on September 12.

Hanoi's peach, kumquat villages left empty-handed after typhoon Yagi

10:00 | 18/09/2024 Photo

Rising water level caused many ornamental tree growing areas in Phu Thuong peach village, Nhat Tan and Tu Lien kumquat village to be severely flooded. The trees were submerged in water for several days, causing root rot and mass die-offs, leaving many households with long-standing traditional livelihoods empty-handed.

Quảng Ninh tourism hit by typhoon

09:07 | 18/09/2024 Tourism

The recent Typhoon Yagi has seriously damaged tourism facilities in the northern province of Quảng Ninh. Now many must rebuild from scratch, in order to return the region to the popular tourism destination it once was.

Policy

Top leader to deliver important messages at UN: Deputy PM

08:57 | 20/09/2024 Policy

The visit provides an opportunity for Việt Nam to reaffirm its foreign policy of independence, self-reliance, multilateralism, and diversification of international relations, proactive international integration, and being a friend, a reliable partner, and a responsible member of the international community.

North-South high-speed railway project critical: Politburo

08:48 | 19/09/2024 Policy

HÀ NỘI — The Politburo convened a meeting in Hà Nội on Wednesday to deliberate on an investment policy for the North-South high-speed railway project, concluding that it is a highly important and necessary infrastructure work.

Top leader Tô Lâm pens article on innovating Party leadership

09:38 | 17/09/2024 Policy

HÀ NỘI — Top leader Tô Lâm has penned an article on the continuous innovation of the Party's leadership and governance methods.

Preparations ongoing for send off ceremony of UN peacekeeping missions

09:03 | 17/09/2024 Policy

Engineering Unit Rotation 3 is scheduled to leave Hà Nội for the UN Interim Security Force for Abyei (UNISFA) on a UN charter flight on September 24.

Industry & Trade

Over 400 eco-industrial zones recorded nationwide

09:53 | 20/09/2024 Industry

HANOI – A survey conducted by the real estate agency Savills Vietnam reveals that the country now has more than 400 eco-industrial zones, with the demand for this segment expected to grow in the future.

Government urges learning from international experience to develop nuclear energy in Việt Nam

08:48 | 20/09/2024 Energy

Nuclear energy could supplement the country's energy base and minimise environmental risks, with the Government asking for a report to be submitted to the Politburo.

Norwegian renewable energy solutions provider sells wind plant in Vietnam

15:48 | 19/09/2024 Energy

The Norwegian renewable energy provider, Scatec ASA, is exiting the Vietnam renewable energy market seeking more growth options elsewhere.

Cooperation boosts semiconductor industry development

15:15 | 19/09/2024 Industry

Having acknowledged that the swift development of key industries that align with international trends is essential for Vietnam, the country has partnered with the US to advance the semiconductor sector, aiming to make it one of the nation’s core industries.

Investment

Vietnam remains bright spot in foreign investment attraction in ASEAN

15:26 | 20/09/2024 FDI

Skilled workforce, a growing digital economy, competitive wages, and a sizeable regional market were among ASEAN’s top attractions to foreign investors, with Vietnam’s economic resilience being ranked foremost in attracting international firms, according to details given by HSBC experts.

HCM City’s mechanical, electrical firms seek business opportunity in US

10:37 | 19/09/2024 Investment

The Ho Chi Minh City Association of Mechanical – Electrical Enterprises (HAMEE), in collaboration with the Vietnam Trade Office in the US and the Asian American Chamber of Commerce (AACC), recently organised a Vietnam-US trade promotion forum on smart technology.

Swiss investors keen on exploring investment opportunities in Nam Dinh province

08:57 | 17/09/2024 Investment

Swiss enterprises have expressed their interest in exploring investment opportunities in the northern province of Nam Dinh while attending a workshop recently co-organised by the Swiss-Viet Economic Forum (SVEF) and the Vietnamese Embassy in the European country.

FPT partners with Nordic tech giant in digital banking development

19:16 | 15/09/2024 Investment

Global ICT company FPT Software, a subsidiary of the FPT Corporation, signed a Memorandum of Understanding to establish a strategic partnership with Vilja, a leading Nordic core banking service provider based in Stockholm, in the framework of the recent Vietnam-Sweden Business Forum 2024.

Finance-Banking

VAMC to auction bad debts starting at nearly $10 mln

08:53 | 20/09/2024 Finance-Banking

Vietnam Asset Management Company (VAMC) has disclosed its plan to auction off bad debts from two clients, namely Phúc An Khang International Hospital Corporation and Bình Dương Construction Stone Co., Ltd.

Eximbank to pay cash dividend for the first time in a decade

10:13 | 18/09/2024 Finance-Banking

Eximbank plans to distribute its first cash dividend payout in a decade, totalling around VNĐ522 billion (US$21.3 million).

State budget revenue reaches 77.52% of year's estimate in eight months

16:25 | 16/09/2024 Finance-Banking

The total state budget revenue in the first eight months of this year reached more than 1,146 trillion VND, equivalent to 77.2% of the estimate for the whole of this year and 117.9% compared to the figure for the same period last year, according to the General Department of Taxation.

Ministry to inspect insurers for motor insurance compliance

18:28 | 14/09/2024 Finance-Banking

The Ministry of Finance will inspect four non-life insurance companies in 2024 to ensure adherence to mandatory motor vehicle insurance regulations.

Environment

Storm Soulik injures 1, triggers major flooding across central region

15:15 | 20/09/2024 Environment

The National Centre for Hydrometeorological Forecasting reported that, after hitting Quảng Bình and Quảng Trị provinces, Storm Soulik weakened but still left areas vulnerable to flash floods and landslides.

Tropical depression strengthens into Typhoon No.4

14:27 | 19/09/2024 Environment

By 4pm today (September 19), the typhoon is expected to continue westward at a speed of 20-25km per hour, affecting coastal areas from Quảng Trị to Quảng Nam provinces.

Tropical depression expected to strengthen into typhoon within 24 hours

15:51 | 18/09/2024 Environment

HANOI – The National Centre for Hydrometeorological Forecasting has predicted that by 7 am on September 19, the current tropical depression in the East Sea will strengthen into a typhoon, reaching wind speeds of level 8 with gusts of level 10.

Natural disaster warning maps proposed after Typhoon Yagi

09:25 | 18/09/2024 Environment

There were many shortcomings in the response to Typhoon Yagi, as warnings of damage risks due to storms and floods were not specific enough, resulting in negligent behaviour.

Science - Technology

Việt Nam ranks second in GenAI start-ups in ASEAN

15:05 | 20/09/2024 Science - Technology

Việt Nam has emerged as a key player in the development of Generative AI (GenAI), securing the second position in ASEAN for the dynamism and growth of its GenAI start-ups, according to the ASEAN GenAI Start-up Report 2024.

Ministry to trial digital transformation of small enterprises in HCM City district

15:44 | 17/09/2024 Science - Technology

HCM City will implement a plan to support small and medium-sized enterprises with digital transformation to create a new growth driver for them while boosting socio-economic development, a conference has heard in HCM City.

Ministry proposes applying technology to quality control

21:21 | 14/09/2024 Science - Technology

Technological solutions include barcodes and electronic labelling, which are tools for manufacturers to monitor product quality and trace origin.

Vietnam to begin phasing out 2G service

10:25 | 13/09/2024 Science - Technology

By September 15, 2026, the 2G network will be officially shut down nationwide, freeing up frequency resources for more advanced telecommunications technologies. This move aligns with the development goals of both network providers and the country.

Society

Việt Nam stands resilient in the wake of Typhoon Yagi

15:06 | 20/09/2024 Society

The typhoon serves as a powerful reminder of the necessity for a comprehensive, long-term approach to disaster management.

2025 Lunar New Year holiday to last nine days: Labour ministry

11:51 | 20/09/2024 Society

If the proposal is approved by the Government, public servants will enjoy an additional two days off for 2025 compared to the previous two years.

Việt Nam cherishes typhoon aid support from int'l partners, Vietnamese overseas community

09:48 | 20/09/2024 Society

HÀ NỘI — The support from the international community, as well as from overseas Vietnamese, for the victims of Typhoon Yagi is immensely valuable, spokesperson for the Ministry of Foreign Affairs Phạm Thu Hằng said on Thursday.

PM urges immediate actions as tropical depression threatens central Vietnam

14:55 | 19/09/2024 Society

HANOI – Prime Minister Pham Minh Chinh has issued an urgent directive, rallying authorities to brace against a tropical depression that is rapidly intensifying and barreling toward central Vietnam, posing significant risks of heavy rainfall and severe flooding.

Vietnamese Brands

Vietnamese agricultural products, food displayed in India

10:33 | 20/09/2024 Vietnamese Brands

Vietnamese businesses are displaying their products at the World Food India 2024 (WFI 2024) that opened in New Delhi on Thursday.

Vietnamese products promoted at international food fair in Russia

10:50 | 18/09/2024 Vietnamese Brands

Vietnam's national pavilion at Russia's leading international food and drink exhibition - Worldfood Moscow 2024 - was inaugurated on September 17.

Vietjet to launch Đà Nẵng-Ahmedabad route in October

15:52 | 17/09/2024 Vietnamese Brands

The new route which will be launched on October 23, will increase Vietjet’s routes between Việt Nam and India - a country of 1.4 billion people to eight ones, with 60 flights per week.

Increasing presence of Vietnamese goods, traders in RoK benefits both sides: minister

17:23 | 16/09/2024 Vietnamese Brands

Vietnamese Ambassador to the Republic of Korea (RoK) Vu Ho joined the RoK’s Minister of Small- and Medium-sized Enterprises (SMEs) and Startups Oh Young-joo and German Ambassador Wilfried Schmidt in a visit to Kyungdong, a traditional market in downtown Seoul, on September 13.

Culture

Quất Động village a birthplace of embroidery

15:37 | 20/09/2024 Culture

Quất Động Village is popular for its handmade embroidered products. Over hundreds of years, the traditional embroidery village has been preserved and developed by enthusiastic artisans.

Miss Cosmo 2024’s costume show honours cultures around the world

15:29 | 20/09/2024 Culture

The costumes showcased during the event created a visual feast, honouring the unique and diverse beauty of various cultures.

Vietnamese culture highlighted in art programme in Australia

17:18 | 19/09/2024 Culture

The Việt Nam-Australia Cultural Exchange Organisation (VACEO) presented outstanding artistic performances in Sydney, showing a perfect fusion of traditional and modern.

6th Chăm Ethnic Cultural Festival to take place in Ninh Thuận

09:26 | 18/09/2024 Culture

The 6th Chăm Ethnic Cultural Festival in Ninh Thuận will take place in Phan Rang - Tháp Chàm city in Ninh Thuận province from September 27 to 29 with the participation of artisans, artists, performers, and athletes from the Chăm ethnic community across nine provinces and cities.

Tourism

My Khe, Non Nuoc beaches among world's 50 best: Telegraph

15:50 | 20/09/2024 Tourism

Tourism sector in northern region speeds up post-typhoon recovery

15:46 | 20/09/2024 Tourism

Typhoon Yagi has caused severe damage in many provinces and cities in the northern region, including major tourist centres such as Hanoi, Quang Ninh, Hai Phong, and Sa Pa (Lao Cai). In an effort to overcome the damage, many localities have organised activities to welcome tourists back.

Hospitality industry to speed up digital transformation-based growth

15:23 | 20/09/2024 Tourism

More than 2,000 visitors, including a hundred hotel and restaurant businesses, with 45 speakers will be participating in the Exhibition & Forum on Technology, Innovation in the Hospitality Industry, HORECFEX Vietnam 2024, in Đà Nẵng on September 23-24.

Unveiling Việt Nam’s underwater treasures

15:01 | 20/09/2024 Tourism

With its extensive coastline and vibrant marine ecosystem, a trip to Việt Nam is incomplete without diving into the breathtaking underwater world of coral reefs.

Việt Nam, India target doubling two-way trade by 2030

See also

See more news

Multimedia