Day: November 5, 2022

Thailand aims to earn 200 billion THB (over 5 billion USD) from the export of fruit in 2023, according to the country’s Department of Agriculture.

 

The department’s director-general, Raphiphat Chantarasriwong, said China remains the biggest export market, purchasing 84.75% of the total fruit export of Thailand. Other major markets are Malaysia, Indonesia, Vietnam, the Republic of Korea and the US.

 

He expected China will import 2.39 million tonnes of Thai fruit worth 159 billion THB next year.

 

He said Thailand plans to apply to export more types of fruits to several countries after negotiating with foreign markets.

 

“We plan to apply for exports of date palm, passion fruit and salak to China; coconut husk to Saudi Arabia; lychee, longan, rambutan, dragon fruit and pomelo to the US; mango, mangosteen and pomelo to Japan, and lychee, longan and pineapple to Australia,” he was quoted by local newspaper as saying.

 

Thailand held the “Asia Fruit Logistica” fair from November 2 to 4 at Queen Sirikit National Convention Centre in Bangkok. The annual event has been organised for the past 15 years with participation from Thai and international agricultural authorities, fruit importers/exporters, and companies across the fruit supply chain to carry out fruit-trade negotiations. The event also helps local firms to explore new market opportunities in the Asian region./.

 

Source: Vietnam News Agency

 

A Vietnamese business delegation made a trip to Israel on November 3-4 during which they attended a Vietnam-Israel conference on production and trade cooperation in Tel Aviv.

 

As part of the national trade promotion programme in 2022, the event was co-hosted by the Vietnamese Embassy in Israel’s Vietnam Trade Office and the Federation of Israeli Chambers of Commerce (FICC), aiming to support Vietnamese firms in technological transfer and export to Israel.

 

Deputy Director of the Vietnamese Ministry of Industry and Trade’s Trade Promotion Agency Le Hoang Tai said Vietnam and Israel are negotiating a free trade agreement with 11 rounds of talks held since March 2016. When it is signed, more bilateral trade and investment opportunities will be opened up.

 

Israel is now the fifth largest trade partner of Vietnam in West Asia. In the first nine months of this year, two-way trade between the two countries surpassed 1.6 billion USD.

 

Trade Counsellor at the Vietnamese Embassy Le Thai Hoa described Israel as a promising market for Vietnamese exports, especially processed products with high added value like food and consumer goods. Vietnam mainly exports mobile phones and spare parts, aquatic products, cashew nuts, coffee, footwear, pepper and apparel to Israel while importing computers, circuit boards and electronic components, machinery and fertilizers.

 

Over 50 Israeli firms later joined a B2B matching event with Vietnamese partners on the occasion.

 

During the trip, the Vietnamese delegation visited and held a working session with Green2000, a leading hi-tech agriculture company in Israel, to explore cooperation opportunities./.

 

Source: Vietnam News Agency

 

Prime Minister Pham Minh Chinh has affirmed to the National Assembly that the Government and local administrations will continue to drastically implement set measures and tasks while fixing shortcomings so as to realise the year’s targets to the highest possible level and create a driving force for next year.

 

In his speech to the NA following the final Q&A session in Hanoi on November 5, the PM gave a brief review on the socio-economic performance in the past 10 months and called attention to new developments in the world situation, particularly risk factors.

 

He highlighted a need to pursue the consistent goal of stabilising macro-economy, controlling inflation, promoting growth and ensuring major balances of the economy.

 

“We should continue to carry out a cautious and flexible monetary policy in close, synchronous and effective combination with fiscal policy and others, ensuring liquidity and suitable credit growth as well as the safety of the banking system and currency security,” he said.

 

As regards to the stock, corporate bonds and property markets, PM Chinh said those markets saw hot growth recently with implicit risks. He said along with intensifying inspection and supervision and strictly handling violations, the Government has directed amending related regulations and roll out concerted measures to shore up the markets and ensure they operate in a transparent, healthy and sustainable manners in line with the law.

 

In the time ahead, the Government will continue to focus on perfecting institutions, first of all proposing the NA amend laws on securities and businesses,  as well as revising relevant decrees and circulars to improve the openness, transparency and accountability of firms, the PM said. He added that the Government will improve the management of the auctions of land use rights and capital mobilisation by property developers, and remove obstacles for the development of industrial real estate and social housing.

 

Mentioning the shortage of petrol in some localities recently, the PM said it was caused by many reasons, including fast changes in petrol prices and supply sources along with the slow revision of domestic rules regarding petrol trade and the lax coordination and slow response among management agencies.

 

He said the Government is directing relevant agencies to take prompt policy actions to ensure sufficient supply of petrol for production and trade.

 

The Government leader also spoke about the disbursement of public investment capital, stressing that the Government is drastically directing the correction of weaknesses and removing obstacles to accelerate the work, toward the goal of disbursing at least 95% of the plan.

 

He reported that the Government is directing ministries, agencies and localities to review and suggest amendments to relevant laws to ensure the supply of medicines and medical equipment, cut unnecessary expenditures to pool resources for other urgent and priority tasks such as salary reform, construction of key infrastructure works, social welfare and the three national target programmes./.

 

Source: Vietnam News Agency

Given current regional and international situation, Regional Comprehensive Economic Partnership (RCEP) member economies should continue to strengthen trust and cooperation, and fully and effectively implement agreements and commitments, Deputy Prime Minister Le Van Thanh said in a pre-recorded speech at the High-level Forum entitled “RCEP Spurs Higher-level Opening up” on November 5.

 

The forum was held in the framework of the fifth China International Import Expo (CIIE) which kicked off in Shanghai, China on November 5.

 

In his speech, Deputy PM Thanh proposed RCEP promote areas such as infrastructure connectivity, digital transformation, clean energy, circular economy in association with goals and orientations for sustainable, balanced, inclusive and transparent development.

 

The Vietnamese Government official suggested that China and major economies give priority and support to the Association of Southeast Asian Nations (ASEAN) countries so that they can make the most of the opportunities brought by RCEP.

 

Thanh highly appreciated the role of RCEP in the post-pandemic economic recovery, trade liberalisation process and regional and global economic linkages.

 

The Vietnamese Deputy PM emphasised that as the ASEAN Chair 2020 and the Chair of the RCEP Agreement negotiation, Vietnam made great efforts to promote ASEAN’s central and leading role to sign the agreement in November 2020.

 

The China International Import Expo is one of China’s top 10 trade fairs, held annually since 2018. This year, Vietnam is among 10 countries invited to open its national booth online. About 100 enterprises from Vietnam are taking part in the expo with mainly agricultural and fishery products /.

 

Source: Vietnam News Agency

Indonesian Minister of Industry Agus Gumiwang Kartasasmita has said that the country is targeting to produce 2 million electric motorcycles by 2024.

 

Speaking at the signing of a memorandum of understanding (MoU) between ION Mobility and State-run electricity provider PLN on November 2, the minister said the Ministry of Industry needs to fulfill certain responsibilities on the supply side, while other ministries and agencies, including PLN, will need to carry out tasks related to infrastructure.

 

Currently, Indonesia has 35 electric motorcycle factories with a production capacity of 1.1 million units per year, and their number is set to increase with Singapore’s ION Mobility planning to also build a factory in Karawang, West Java, he noted.

 

With the efforts made by the government and other stakeholders, he said it is expected that Indonesia will be able to switch from fuel vehicles to electric vehicles as the potential is huge.

 

Under the electric vehicle road map, the Indonesian Government is targeting to put 2 million electric vehicles on the roads by 2025./.

 

Source: Vietnam News Agency

The national COVID-19 caseload rose to 11,505,608 with 359 new cases recorded on November 5, according to the Ministry of Health.

 

With 210 patients given the all clear during the day, the number of recoveries rose to 10,604,591.

 

Meanwhile, there are 66 patients needing breathing support.

 

No death from COVID-19 was recorded in the past 24 hours. The total fatalities stood at 43,165.

 

As of the end of November 4, the total number of doses of COVID-19 vaccines injected was 262,251,993 with 63,430 doses administered on November 4./.

 

Source: Vietnam News Agency