S.Korea to give additional aid

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VietNam News English - 42 month(s) ago 4 readings

The South Korean government has committed non-refundable aid worth US$1.5 million to boost competition management know-how and fair trading in Viet Nam.

HA NOI —

The money, which is to come via the Korea International Co-operation Agency (KOICA), will fund the set-up of an information management project to deal with competition law issues. KOICA will also send equipment and specialists to Viet Nam as well as providing Vietnamese staff with competition management training in South Korea.

The project is scheduled to run from now until 2014.

YANGON — Twenty-four Vietnamese businesses are displaying their electric and consumer products at a fair in Myanmar which kicked off in Yangon on Sunday.

With 100 booths, the four-day fair held by Myanmar's Smart Business Group aims to strengthen bilateral trade ties between Myanmar and Viet Nam while opening up opportunities for Vietnamese products to penetrate the Myanmar market.

According to official statistics, two-way trade between Viet Nam and Myanmar reached about US$160 million last year, up 60 per cent on 2009.

Viet Nam has invested nearly $23.65 million in Myanmar since 1988 and is now one of the top 20 importers of products from its Southeast Asian neighbour. Key among these are agroforestry and aquatic products as well as electronics and spare parts.

PFORZHEIM — Viet Nam's Consul General in Germany Nguyen Huu Trang has called for German enterprises to step up technology transfer and boost economic management skills through investment in Viet Nam.

He made the comments during a workshop in the German city of Pforzheim last week. At the same event, Pforzheim Mayor Gert Hager praised Viet Nam's successful recent economic reforms and said the country had great development potential.

Viet Nam was also an attractive destination for international investment and a suitable partner for German investors, the mayor added.

To date, German enterprises have invested US$825 million into 163 projects in Viet Nam.

HA NOI — The three-day Zhejiang Export Fair 2011 gets underway at the Ha Noi International Exhibition Centre tomorrow.

The fair's 200 booths will showcase the machinery and electronics industry, the textile and fabric sector, and the building and decoration materials industry.

The fair, the first ever of its kind in the capital, will be a great chance for Viet Nam and China to boost bilateral co-operation, especially in trade and investment, said the Viet Nam Trade Fair and Advertising Co, one of the event's organisers.

HA NOI — Viet Nam's exports to Africa topped US$408 million in the first quarter of this year, up 39 per cent year-on-year, according to the General Department of Customs.

Key export items included rice, footwear, garments, coffee, computers and components and steel.

During the period, Viet Nam imported $176 million worth of products from Africa, a yearly increase of 47 per cent.

HA NOI — Swiss security products provider Sicpa Group plans to open three offices in Viet Nam with 300 staff to sell an anti-fraud solution to the Vietnamese beverage industry.

The group's head of business development Viktor Zemlicka said the company's "security solution" would be sold under the name Vietrace. He said it was a secure platform that would report on each product and track it through the distribution network.

The solution will help prevent fraud and illegal trade practices. — VNS

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