PM affirms resolve to join hands with Netherlands in promoting comprehensive partnership

Vietnamese Prime Minister Pham Minh Chinh held talks with his Dutch counterpart Mark Rutte in The Hague on December 12, affirming his determination to join hands with the Netherlands in promoting the two countries’ comprehensive partnership.

 

Welcoming his guest’s official visit, PM Rutte stated that the Netherlands attaches importance to Vietnam’s important stature and role in its policy towards the Indo-Pacific region.

 

The two PMs expressed their delight at the progress in their countries’ comprehensive partnership as seen in frequent visits and discussions between senior leaders of Vietnam and the Netherlands.

 

They agreed to increase the exchange of all-level delegations between the States, Governments, and parliaments of the two countries, and effectively implement bilateral cooperation mechanisms.

 

They noted with satisfaction the vigorous growth of bilateral trade and investment ties, which has turned the Netherlands into the second largest European trading partner and the biggest EU investor of Vietnam.

 

Both host and guest concurred in continuing to effectively implement the EU – Vietnam Free Trade Agreement (EVFTA) and developing the two countries into transit centres for goods in their respective regions.

 

PM Chinh proposed the Netherlands to soon ratify the EU – Vietnam Investment Protection Agreement (EVIPA); encourage Dutch businesses to step up investment in the fields they are strong at in Vietnam such as seaport, shipbuilding, logistics, and infrastructure connectivity; support the European Commission’s removal of its IUU “yellow card” warning against Vietnam’s aquatic product exports; and assist the Southeast Asian nation to build seaports, airports, and innovation centres.

 

The Vietnamese Government leader also suggested the two sides ink a labour cooperation agreement soon.

 

PM Rutte described the EVFTA as an important impetus for bilateral economic relations, stressing that Dutch businesses are paying more and more attention to Vietnam, which boasts political stability and an optimal investment and business climate.

 

He also spoke highly of Vietnam’s efforts to sustainably develop the fishery industry and also voiced his support for the European Commission’s early removal of the “yellow-card” warning.

 

The two leaders agreed to intensify cooperation within the framework of the strategic partnerships in climate change adaptation and sustainable agriculture.

 

The Netherlands is ready to share experience, knowledge, technology, and concessional loans to help Vietnam develop sustainable agriculture and the logistics system, boost green transition, protect biodiversity, and manage water resources, especially in the Mekong Delta, the Dutch PM said.

 

PM Chinh proposed the Netherlands to assist Vietnam to develop eco-friendly, modern, and smart agriculture; provide aid in terms of finance, technology, and manpower training within the Just Energy Transition Partnership on the basis of harmonious interests to help Vietnam effectively cope with climate change and realise climate commitments; and support the country in developing a circular economy.

 

PM Rutte pledged to foster cooperation in renewable energy development and give assistance in term of offshore sand mining technology, land erosion prevention, and amendment of the Law on Water Resources.

 

He also welcomed his guest’s proposal on the establishment of a trilateral cooperation mechanism on agriculture and food security to deal with supply chain disruptions and contribute to common efforts to resolve the global issue of food security.

 

The two sides agreed to expand cooperation in security-defence, culture-tourism, transport, science-technology, and education-training while continuing to support each other at multilateral forums like the ASEAN-EU cooperation, the Asia-Europe Meeting (ASEM), and the United Nations.

 

The Vietnamese leader also called for stronger locality-to-locality collaboration such as between Hanoi and Amsterdam, and between Ho Chi Minh City and Rotterdam. He asked the Netherlands to increase scholarships for Vietnamese students learning at its universities.

 

Regarding the East Sea issue, the two PMs reaffirmed the importance of ensuring peace, stability, security, safety, and freedom of navigation and overflight in the East Sea, and resolving disputes by peaceful measures on the basis of international law. They also underlined the significance of the 1982 UN Convention on the Law of the Sea (UNCLOS).

 

Also at the talks, PM Chinh suggested the Dutch Government to create more favourable conditions for the Vietnamese community so that they can contribute to the two countries’ friendship and the Netherlands’ socio-economic development.

 

Following the talks, the PMs witnessed the signing of some cooperation documents, including a joint action plan on water resources management between the Vietnamese Ministry of Natural Resources and Environment, and the Dutch Ministry of Infrastructure and Water Resources, and a joint statement on emission reduction in manufacturing and consumption between the Vietnamese Ministry of Industry and Trade, and the Dutch Ministry of Foreign Affairs./.

 

Source: Vietnam News Agency

 

Construction on Toto Vietnam faucet factory completed

Toto Vietnam Co. Ltd on December 12 held a ceremony to mark the completion of Toto Vietnam faucet factory in northern province of Vinh Phuc.

 

Work on the project, located at Thang Long Vinh Phuc Industrial Park, started in January this year. It has a total investment of 100 million USD.

 

Once operational, the factory is expected to manufacture 600,000 and assemble 1.3 million faucets, valves and accessories for toilets and kitchens a year.

 

Addressing the event, Asada Kyoji, CEO of Toto Vietnam, appreciated the support of the local authorities to the firm in the implementation of the project, adding that it will begin installation of equipment as well as finish necessary procedures for the project to become operational soon./.

 

Source: Vietnam News Agency

 

Thailand optimistic about revenue collection in fiscal year 2023

 

The Revenue Department of Thailand expects to meet its target for revenue collection of 2.2 trillion THB (nearly 63.3 billion USD) in fiscal year 2023.

 

Director-general of the department Lavaron Sangsnit said businesses have recorded more activity after the country’s full reopening, especially the retail and logistics sectors.

 

Revenue collection in October and November, which are the first two months of fiscal year 2023, exceeded the target. Both retail and logistics sectors are expected to continue to be the main revenue contributors.

 

The department now deploys artificial intelligence (AI) and big data systems to bolster its revenue collection, Lavaron said, noting that it continues to develop the AI system to help catch tax dodgers.

 

He predicted the department’s revenue from value-added tax on imported oil in fiscal year 2023 could be lower than last year, in line with the anticipated fall in the crude oil price to around 90 USD per barrel.

 

The Thai Government set a target of 2.49 trillion THB in net revenue collection in fiscal year 2023, up by 90 billion THB or 3.75% from the previous fiscal year.

 

According to Finance Minister Arkhom Termpittayapaisith, the government needs to seek more revenue to match future expenditures. The ministry targets increasing government revenue to 16% of GDP in five years, up from the 14.9% at present. One strategy to meet this goal is to gradually expand the tax revenue base./.

 

Source: Vietnam News Agency

 

Martin Herrmann Becomes New CFO at crop.zone

Financial Expert joins the executive team at crop.zone – the specialist for herbicide-free weed control

Martin Hermann CFO

Martin Hermann CFO

AACHEN, Germany, Dec. 12, 2022 (GLOBE NEWSWIRE) — Dirk Vandenhirtz, CEO of crop.zone GmbH., welcomes Martin Herrmann to the executive team as the new CFO:

“I am very happy that we could convince Martin to join the crop.zone team and share our vision!”

The new head of finance at crop.zone has worked with several companies during periods of accelerated growth. He is the co-founder of Tempus Capital, an investor in and partner of European mid-market companies. Since the beginning of December, Herrmann has strengthened the management team at crop.zone.

“I am very excited about joining Dirk’s team and making a contribution to the next chapters of crop.zone’s success story in sustainable agriculture.”
Martin Herrmann CFO crop.zone

In 1995 Martin Herrmann started his professional career at PriceWaterhouseCoopers (PwC) where he worked as an auditor and business consultant. He also worked in various positions for financial advisory firms and investment banks, including FTI Consulting, Alvarez & Marsal, UBS
Warburg and Goldman Sachs. In March of 2008, he co-founded Tempus Capital, which provides a combination of capital and active operational management to European mid-sized companies.

Martin Herrmann holds a bachelor’s degree in Business Administration from the University of California at Berkeley and a Master of Business Administration degree from Stanford University Graduate School of Business, graduating as an Arjay Miller Scholar in 2002.

About crop.zone

Effective like chemistry. BUT without chemistry.

crop.zone has become the specialist for herbicide-free desiccation with cross-field knowledge from chemistry, biology, physics, ecology, and agronomy. The professional technology incorporated in our machines enables safe, efficient, and cost-effective crop preparation. Our technologically advanced system achieves premium quality yields while protecting the soil. crop.zone offers the solution for ecological and sustainable agriculture and thus makes its contribution to the future of our planet.

More: www.crop.zone

Contact Information:
Dirk Vandenhirtz
CEO – crop.zone
dirk.vandenhirtz@crop.zone
+1 (919) 251-6320 / +49 2408 598

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