Vietnam business news Mai 31,2023
Wednesday, May 31,2023AsemconnectVietnam - Vietnamese firms participate in biggest food exhibition in RoK. Vietnam Airlines increases flight frequency to Singapore. US extends duties investigation into plywood from Vietnam.Vietnam, Mozambique eye stronger agriculture ties. Vietnamese durian gets more farming area codes for export to China.
Vietnam- RoK
More than 30 Vietnamese businesses are showcasing their products at a food exhibition in the Republic of Korea (RoK), which opened on May 30.
As the largest food exhibition in the East Asian nation, Seoul Food 2023 gathers 1,500 companies from 30 countries with up to 2,500 booths. The four-day event offers an opportunity for the food and beverage industry of the RoK and other participating countries to seek cooperation opportunities.
The Vietnamese booth displays products of big brands like Masan, Vinamilk and Huu Nghi, attracting crowds of Korean importers, distributors and consumers.
Pham Hong Son, Deputy General Director of Masan Consumer Corporation, said Vietnamese cuisine has been favoured in the RoK, noting that the increasing number of businesses investing in products for the market has demonstrated the firm foothold of Vietnam’s big brands in the country.
Vietnam - Singapore
Vietnam Airlines has announced that it will increase the frequency of flights between Hanoi and Singapore from one to two flights a day on all weekdays from June 15 to meet the travel demand between the two countries.
At the same time, the flight frequency on the Ho Chi Minh City-Singapore route is kept at three flights a day for weekdays.
On this occasion, the national flag carrier is offering a special incentive programme for passengers buying tickets on all of its sales channels from agents, websites, and mobile apps.
Specifically, a round-trip ticket between Hanoi and Singapore is from 5.799 million VND (246.9 USD) (including taxes and fees); and that on the Ho Chi Minh City-Singapore route is from 4.971 trillion VND (including taxes and fees). The offer is applied to passengers who buy tickets from now until December 31, 2023, and depart from June 15 to December 31.
Vietnam -US
The US Department of Commerce (DoC) has announced that it will extend the deadline for issuing its final conclusion on an anti-dumping tax evasion investigation into plywood imported from Vietnam, according to the Ministry of Industry and Trade's Trade Remedies Authority.
Accordingly, the DOC plans to issue the conclusion on July 14. This is the eighth time the DOC has extended the deadline.
Previously, the DOC announced the preliminary conclusion of the case on July 25 last year. It said that plywood imported from Vietnam into the US, which had a core using peeled board imported from China, would be subject to anti-dumping and anti-subsidy tax as applied to plywood imported from China.
Plywood from Vietnam which has a core using peeled boards manufactured domestically or in other countries would be exempt from the tax.
Vietnam-Mozambique
Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri has freshly had a working session with his Mozambican counterpart Olegário dos Anjos Banze in Maputo, discussing bilateral farming cooperation projects and prospects for the sides’ teamworks in the time to come.
At the May 29 meeting, Tri told his host that the two countries have coordinated to research and develop food crops, with Vietnam sending many experts and technicians to support Mozambique. He said he hopes such joint work will be expanded based on each nation’s agricultural strength for mutual growth.
Thanking Vietnam’s help for Mozambique in not only farming but also education, health and telecommunications, Banze lauded the effective support of Vietnamese experts and wished to learn more from the Southeast Asian nation’s agricultural experiences, particularly in processing cashew products, building and managing irrigation and drainage systems, and making use of available food crops to produce animal feed and develop the dairy industry.
Vietnam – China
China has approved another 47 farming area codes and 18 packaging facility codes for importing durian from Vietnam, according to Ministry of Agriculture and Rural Development. Farming area codes enable traceability and thus agricultural exports.
To qualify for export to China, durian need to weigh three kilogrammes or more, meet stringent safety standards, have traceability stamps in English or Chinese, and show the name of the packaging facility.
China, the world's largest durian market, began importing the fruit from Vietnam last year after approving 51 farming area codes.
The number has since increased to 293 along with 115 packaging facility codes.
According to statistics from the General Department of Customs, durian has been identified as the fruit with the highest economic value.
T.Huong
Source: Vitic/VNA
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