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| A buyer surveys supplies at the show. (Photo: VNA) |
IEAE Vietnam has attracted 600 enterprises displaying tens of thousands of electrical and electronic products, household appliances, electronic components, lighting equipment, and other products at 800 booths.
The three-day event, jointly held by the VINEXAD company under the Ministry of Industry and Trade (MoIT) and Chaoyu Expo Company, draws the participation of 600 businesses, with big brands like Panasonic, Mega Housewares, CCTV Camera, Green Cook, FPT and Mobifone. It features five conferences and a business networking programme.
At the opening ceremony, Nguyen Van Nga, head of the MoIT’s office in the south, said with a large number of exhibitors, the event demonstrates the robust development of the electronic industry as well as demand for hi-tech products.
The expo is a venue for enterprises to seek partners and expand markets, she said, adding domestic firms will have an opportunity to access new products and services to bolster production as they are integrating deeply into the global economy.
Meanwhile, representing the IEAE 2024 organisers, Wang Bing Ben highlighted that the event, first organised in 2019, has received enthusiastic welcome from exhibitors, purchasers, and partners in the sector.
Practical programmes such as conferences and business-to-business event have been put on the agenda to better serve the participants and visitors, Wang highlighted.
According to the organising board, the number of participating enterprises surges 45% each year, while that of domestic visitors has been on the rise, with 10,038 arrivals in 2022 and 12,778 in 2023.
Dong Thap’s 15 tonnes of lotus root exported to Japan
The Mekong Delta province of Dong Thap has achieved a significant milestone with its first-ever export of 15 tonnes of lotus root to Japan, according to the Vietnam News Agency.
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| At Dai Viet Lotus Food JSC's factory (Photo: VNA) |
The exported lotus roots underwent a meticulous cultivation process lasting 135 days, followed by slicing and flash-freezing at minus 25 degrees Celsius using IQF technology to ensure freshness and quality for the Japanese market.
Nguyen Minh Thien, Director of the Dai Viet Lotus Food JSC's factory responsible for the export, highlighted the stringent regulations involved, including testing soil, water, and air samples from the cultivation area, along with thorough inspection of the processing facility.
He said the Japanese partner has expressed interest in importing an additional 8 containers of lotus root this year, valued at roughly 7 billion VND (291 million USD).
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| Containers of lotus root exported to Japan (Photo: dangcongsan.vn) |
This success story adds to Dong Thap's already impressive export performance. In the first four months of 2024, its export turnover surpassed 700 million USD, reflecting a remarkable 37.2% growth compared to the same period last year. Processed seafood, rice, shrimp crackers and apparel remain leading export products.
Vo Phuong Thuy, Director of the provincial Department of Industry and Trade, revealed a positive trend in export value for most local products. Rice emerged as the top earner with a value exceeding 300 million USD, showcasing a staggering 149% year-on-year increase and already topping 90% of the 2024 annual target. Processed seafood and apparel followed closely, generating over 185 million USD and 65 million USD, respectively.
Petrol prices slightly up in latest adjustment
The retail prices of E5RON92 bio-petrol and all oil products increased from 3pm on May 23 following the latest adjustment of the Ministry of Industry and Trade, and the Ministry of Finance, the Vietnam News Agency reported.
The retail price of E5RON92 rose by 162 VND to 22,277 VND (0.87 USD) per litre, while that of RON95-III went up by 78 VND to 23,213 VND per litre.
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| Illustrative image (Photo: VNA) |
The prices of diesel, kerosene and mazut are now priced at19,837 VND per litre, 19,902 VND per litre, down 36 VND and 6 VND, respectively, and that of mazut oil rose by 95 VND to 17,513 VND per kilogram.
In this price adjustment, the two ministries decided not to use the petrol and oil price stabilisation fund.
Taiwanese firms highly evaluate Hai Phong’s business environment
The Hai Phong Economic Zone Authority (HEZA) on May 23 organised an investment promotion conference with the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) with the participation of leaders from nearly 50 businesses operating in the electronic manufacturing, high-tech and semiconductor industries, said the Vietnam News Agency.
As the largest business association of Taiwan (China), the TEEMA brings together more than 3,000 members.
Chairman/CEO at Wieson Technologies Co. Ltd. Chen Hung Chin, head of the Taiwanese delegation, emphasised that TEEMA member enterprises are operating in different spheres, mainly electronics, and their combined revenue makes up about 56% of industrial production value in Taiwan.
This is the third time the association has organised such field trip to the northern port city of Hai Phong to scope out its investment climate, he said, noting that Taiwanese firms highly evaluate the local business environment.
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| Le Trung Kien (right), Head of HEZA, presents a gift to the Taiwanese delegation. (Photo: VNA)l; |
Le Trung Kien, Head of HEZA, said Hai Phong has been an investment destination for many big Taiwanese groups, and expressed his hope that their leaders will step up investment promotion activities in the city, and that TEEMA will coordinate with the authority in organising a large-scale investment promotion conference in Taiwan in September.
Kien briefed the Taiwanese side on Hai Phong’s potential, advantages, and its synchronous, modern seaport, expressway, railway and airport infrastructure that has facilitated its international integration.
Over the past years, Hai Phong has remained on the list of the leading localities in foreign direct investment (FDI) attraction, about 2.5 billion USD each year, he continued.
According to HEZA, Hai Phong has lured more than 960 FDI projects worth over 31 billion USD from 42 countries and territories so far, of them 65 are invested by Taiwanese investors with total registered capital of over 2 billion USD.
Taiwanese enterprises have significantly contributed to the city’s export turnover with nearly 2 billion USD last year, and job generation there./.