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Malay Mail
3 days ago
- Business
- Malay Mail
Strengthening Vietnam-US business partnership in the agricultural sector: Towards sustainable development and trade balance
WASHINGTON D.C, USA - Media OutReach Newswire - 1 June 2025 - Vietnam's Minister of Agriculture and Environment Do Duc Duy plans to lead a delegation with nearly 50 agencies, agribusinesses and associations to explore opportunities to promote trade and import agrifood and timber from the United States during June 1-7, 2025. The delegation expects to participate in business dialogues in Iowa, Ohio, and Washington D.C. Vietnamese agribusinesses are ready to seek U.S. partners to purchase US commodities such as animal feed, fertilizers, biopesticides, meat products, frozen marine seafood, and raw visit aims to boost bilateral trade and create new opportunities for Vietnam to import more agrifood and timber from the U.S., helping to balance trade between the two countries. Besides trade, the Vietnamese delegation expects to access to new technologies, hence improving the competitiveness of their own value to Minister Do Duc Duy, both Vietnam and the U.S. have strong agricultural sectors, but their strengths complement rather than compete with each other. "With active support of both Vietnam and US government, Vietnam's and US's agriculture have been increasingly connected. Even we're now sharing the same supply chains, boosting our competitiveness, thereby supporting both producers and consumers in each country". The Minister emphasized, "Vietnamese agribusinesses have cooperated strongly with the Government to increase the purchase of agrifood and timber products from the U.S. This effort helps balance bilateral trade and strengthens the agricultural supply chain between the two countries, hence contributing to global food security."Earlier, in September 2024, the largest U.S. agribusiness delegation in history visited Hanoi to mark the one-year anniversary of the Vietnam–US Comprehensive Strategic Partnership. Led by USDA Deputy Secretary Alexis Taylor, the delegation was consisted of representatives from nine state governments, 35 businesses, and 25 major industry associations. Their visit underscored the growing interest of U.S. businesses in Vietnam boosting trade, both countries work to build inclusive development, enhance rural resilience, and promote sustainable production and clean energy. A key highlight is the "International Year of Women Farmers 2026" initiative, co-led by the U.S. and Vietnam and adopted by a United Nations resolution in May 2024. Following the resolution, Vietnam's Ministry of Agriculture and Environment partnered with the U.S. Mission to ASEAN and the USDA to launch the initiative with a series of events. As part of the program, two American female farmers – Jennifer Schmidt and Jaclyn Wilson – traveled to Southeast Asia to engage with other female farmers, with Vietnam as their first American consumers increasingly choose Vietnamese agrifood, especially spices, fruits, seafood, and furniture. Meanwhile, Vietnamese producers rely more on U.S. imports, including cornmeal, soybeans, meat, dairy, lumber, livestock equipment, and farmers are enhanced with better skills and knowledge to adopt advanced American technologies to boost production, improve produce quality and protect the environment. High-quality materials and cutting-edge technologies from the U.S. are helping Vietnam build more competitive and sustainable supply agriculture continues to deepen partnerships with U.S. stakeholders, from federal and state governments to associations and businesses. The Ministry of Agriculture and Environment has signed multiple agreements with U.S. authorities and state governments. Vietnamese agribusinesses have signed 18 Memorandums of Understanding since 2020 to purchase agrifood from the U.S., totaling 6 billion USD, with half already the Ministry of Agriculture and Environment has created favorable conditions for U.S. agricultural exporters to enter the Vietnam market. Vietnam has completed registration procedures for 509 meat and meat exporters and 232 seafood exporters from US to Vietnam; no backlog remains to be processed. Both countries are actively working to open their fruit markets to each other, enabling exporters to reach new customers and for consumers to enjoy the distinctive flavors of both tropical and temperate is also among the first eight Asian countries to approve biotechnology-based plant seeds from the U.S. So far, it has approved all 61 biotechnology applications dossiers submitted by U.S. companies. The two sides have also agreed on transparent and practical methods, procedures, and protocols for animal and plant quarantine. These agreements help pave the way for the development of the agrifood markets in both countries. In addition, the new Decree 73/2025/ND-CP, effective from March 31, 2025, cuts import tarriff to 0% for agrifood products that US has strong competiveness. As a result, agricultural exports from both sides have grown steadily, by around 10% annually over the past visit of Vietnam's Ministry of Agriculture and Environment delegation to the U.S. in June 2025 reflects Vietnam's strong commitment to building trust and strengthening strategic partnerships by promoting the shared agricultural supply chains of the two countries. The visit also aims to deepen the Comprehensive Strategic Partnership as the two countries celebrate 30 years of diplomatic an interview with Vietnamese press, the USDA emphasized: "Any agricultural trade imbalances are largely sector-specific and influenced by factors such as regulations, consumer demand, and supply chain dynamics. Ensuring reciprocal market access and reducing tariffs remain top priorities to sustain long-term trade growth."Dr. Nguyen Do Anh Tuan, General Director of the International Cooperation Department under Vietnam's Ministry of Agriculture and Environment, expressed concern over President Trump administration's announcement of a 10% tariff from April 2, 2025, and the potential for a 46% reciprocal tariff on Vietnamese exports from July 9, 2025. This tarriff imposition has alarmed not only Vietnamese exporters but also American Tuan explained: "Beyond shrinking profit margins and weakening business competitiveness on both sides, higher reciprocal tariffs will raise prices for essential food products in the U.S. This action not only hurts American consumers but also potentially disrupts the supply chain that both governments and private sectors of both sides have worked hard to build in recent years. Agrifood is a necessity goods, and hiking price of agrifood will significantly burden American average-income households." The issuer is solely responsible for the content of this announcement.
Malay Mail
24-05-2025
- Business
- Malay Mail
From censorship to surveillance: Vietnam to ban Telegram by June as police cite data breaches, ‘terrorist' links
HANOI, May 24 — Internet service providers in Vietnam must block the Telegram messaging app in the communist country before early June after a request by police, the government said Friday. Telegram's Russian-born founder and chief executive Pavel Durov was arrested in August last year at a Paris airport and later charged with several counts of failing to curb extremist and terrorist content on the app. Vietnam's telecommunications department sent letters to internet service providers warning that there were 'signs of law violation' on Telegram, citing the ministry of public security, a report on the government's news portal said. Up to 68 percent of 9,600 channels on Telegram Vietnam contain 'poisonous and bad information, the government report said, quoting police. There are groups and associations on Telegram, involving tens of thousands of members, which disseminate 'anti-state documents' and are involved in 'reactionary activities', the report added. Vietnam's hardline administration generally moves swiftly to stamp out dissent and arrest critics, especially those who find an audience on social media. New rules came into force last year that required Facebook and TikTok to verify user identities and hand over data to authorities, in what critics described as the latest attack on freedom of expression. There are also groups on Telegram that sell users' data, are involved in drug trafficking, or have terrorist links, according to the government report, citing police. The law in Vietnam requires Telegram to report these kinds of violations to authorities, but the report said it has failed to do so and was 'not cooperative with authorised agencies' in dealing with infringements. 'Authorised agencies in Vietnam must implement technical measures to prevent behaviour online that undermines national security, social order (and) violating traditional customs,' the report added. — AFP
Yahoo
19-05-2025
- Business
- Yahoo
Exclusive-Vietnam government document says Trump Organization exploring tower in Ho Chi Minh City
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -The Trump Organization and its local partner are exploring building a skyscraper in Vietnam's business hub Ho Chi Minh City as Eric Trump is expected to visit Vietnam this week, a Vietnamese government document seen by Reuters shows. The visit by the U.S. President's son comes just after the Trump Organization received the green light from Vietnam's government for a separate $1.5 billion golf project and as the Southeast Asian export-reliant nation is in talks with Washington to avoid punitive trade tariffs. Ho Chi Minh City officials are invited to "attend a dinner party with Eric Trump, senior vice president of the Trump Organization," on Thursday evening, the internal document seen by Reuters said.
Free Malaysia Today
14-05-2025
- Business
- Free Malaysia Today
Vietnam PM vows to fight against counterfeits, trade frauds
The Vietnamese government said smuggling and the illegal cross-border transportation of goods remain complicated. (EPA Images pic) HANOI : Vietnam's Prime Minister Pham Minh Chinh today urged the country's anti-counterfeit task force to devise new ways to fight fake goods, trade frauds and smuggling, the government said in a statement. The pledge came as Vietnam is in talks to avoid crippling US tariffs, offering Washington multiple measures to address longstanding concerns, including on intellectual property breaches and transhipment of Chinese goods through the country. Internal documents reviewed by Reuters showed the government last month instructed officials to step up the fight against counterfeits, digital piracy, and the transhipment of Chinese goods to the US, which Vietnamese officials often refer to as trade fraud. The government said frauds were widespread and were increasing on online platforms, noting recent cases of fake milk, food and supplement products had 'seriously affected people's health and social order'. The government said 1,100 cases of counterfeit and intellectual property violations, 25,100 cases of trade and tax frauds and 8,200 cases of smuggling contraband and prohibited articles had been detected this year. There were no comparative figures in the statement. 'The situation of smuggling and illegal cross-border transportation of goods remains complicated,' the government said. 'Domestically, the production and trade of counterfeits, poor-quality goods and goods of unknown origin is openly widespread, and is on the rising trend on e-commerce environment on a large scale and for a long time, directly affecting people's health,' the government said. Yesterday, the public security ministry said police arrested the former head of health ministry's food safety department in a fake supplement production and trading case. 'Nguyen Thanh Phong was accused by police of taking bribes since 2016 to issue quality certificates to nine local companies that produced counterfeit supplements,' the ministry said.
Reuters
12-05-2025
- Business
- Reuters
Vietnam, Russia agree to quickly sign nuclear power plant deal
HANOI, May 12 (Reuters) - Vietnam and Russia have agreed to quickly negotiate and sign agreements on building nuclear power plants in Vietnam, the two countries said in a joint statement. "The development of the plants with advanced technology will strictly be compliant with nuclear and radiation safety regulations and for the benefit of socio-economic development," they said in the statement, which was dated Sunday and followed a visit to Moscow by Vietnamese leader To Lam.
