Vietnam and RoK businesses boost trade of agricultural products

Saturday, 18/02/2023 20:30
The administration of Nonsan City (Republic of Korea) and three businesses from Ho Chi Minh City signed a document of co-operation on the import and export of agricultural products at a ceremony on February 17, reported VOV News.
The administration of Nonsan City (Republic of Korea) and three businesses from Ho Chi Minh City sign a memorandum of co-operation on the import and export of agricultural products on February 17. (Photo:

The deal will see Nonsan cooperate alongside three local firms, including Annam Gourmet, Imexco, and Farmers Market, to export Korean agricultural products to the Vietnamese market, as well as to ship Vietnamese products to the RoK market, between February 2 and January 2025.

Ginseng, strawberries, fish sauce, grapes, apples, pears, persimmon, and sweet potatoes will be among the import-export items.

 Photo for illustration

The two sides will also exchange information, transfer technology and techniques for growing and processing high-tech agricultural products.

Nonsan will provide financial support in order to promote Vietnamese agricultural products there, including freight costs, the cost for sales promotion activities, high technology transfer, and a marketing campaign.

Both sides will also push for more cooperation in the exchange of human resources to develop projects in both Vietnam and the RoK, and to accelerate Korean investments in Vietnam in various fields.

Official anti-dumping duties imposed on Chinese tables, chairs

Illustrative image (Source: VNA) 

The Ministry of Industry and Trade has decided to impose official anti-dumping duties on certain table and chair products from China, reported Vietnam News Agency.

Under Decision No. 235/QD-BCT, tariffs imposed on the Chinese products will range from 21.4% to 35.2%.

Earlier, it said the investigations found out that table and chair imports from China have increased significantly as compared with both domestic consumption and production, causing damage to the domestic production.

The ministry also decided to end anti-dumping investigations into some table and chair products from Malaysia, saying the volume of investigated imports is not big enough (below 3%).

Bac Giang railway station begins int’l freight transportation services

There will be a fleet of trains running from Kep to Dong Dang station in the border province of Lang Son and then to China’s Pingxiang station. (Photo: VNA)

The Kep railway station in the northern province of Bac Giang launched its international freight transportation services at a ceremony on February 18, reported Vietnam News Agency.

In his remarks, Vice Chairman of the provincial People’s Council Nghiem Xuan Huong stressed that such international services are expected help ease congestions of goods in the border area and pressure on the two present international railway stations – Dong Dang and Yen Vien.

The services also enable Bac Giang to open an international border gate in the locality, he added.

The Ministry of Transport said that in implementing the Prime Minister’s Directive No. 03/CT- TTg, the transport sector has sped up the implementation of yearly plans and projects since the beginning of this year, including those on international freight transportation services, thus facilitating cross-border exporting activities.

The Kep station has seen its infrastructure upgraded after the ministry decided to turn it into an international one, with all items now ready for the first phase of operation.

There will be a fleet of trains running from Kep to Dong Dang station in the border province of Lang Son and then to China’s Pingxiang station.

The Kep station’s handling capacity is from 80 to 100 carriages or containers per day. Freight includes electronics and industrial products, construction materials, industrial wood, and ore.

A bonded warehouse is expected to be built at the station to serve the import and export activities of enterprises in Bac Giang and Bac Ninh provinces and neighbouring localities. It specialises in receiving refrigerated containers transported from the south which will then be exported to China.

Currently, the VNR is managing international freight terminals, namely Lao Cai, Yen Vien, Hai Phong, Dong Dang, Giap Bat, and Song Than.

The demand for international freight railway transportation grows 6% annually. Notably, since 2022, about half of the cargo has been transported in containers.

TMT Motors partners with world leading joint venture to bring mini EVs to Vietnam

TMT Automobile Joint Stock Company (TMT Motors) on February 18 announced that it has signed a strategic cooperation agreement with the joint venture of General Motors (GM) and SAIC - WULING on the manufacturing, assembling and exclusively distributing of electric vehicles of GM and SAIC - WULING in Vietnam, reported Vietnam News Agency.

Wuling HongGuang MiniEV model (Photo: VNA)

Under the agreement, GM and SAIC - WULING will provide components to TMT Motors to exclusively manufacture, assemble and distribute Wuling electric cars in Vietnam.

The first model to be launched in Vietnam will be Wuling HongGuang MiniEV - the world's best-selling mini electric car model in three consecutive years of 2020, 2021 and 2022. It is also the third largest electric car manufacturer in the world with more than 480,000 units sold in 2022.

The model will be assembled at TMT's automobile factory in Van Lam district, northern Hung Yen province, with a capacity of 30,000 vehicles per year, which will be expectedly increased in the future when TMT Motors introduces other high quality electric vehicle models.

Addressing the signing ceremony, Bui Van Huu, Chairman of TMT Motors, said that with its 47 years of experience in the automobile sector, the firm hopes to make a breakthrough with the introduction of Wuling HongGuang MiniEV - the model that will open the mini electric car segment in Vietnam, making it easier for people to own environmentally friendly, safe and civilised vehicles. With compact, fashionable design and flexible space with four seats, TMT Motors hopes Wuling HongGuang MiniEV will be a new choice within reach of many Vietnamese customers.

As scheduled, TMT Motors will announce the details of the product and its price, as well as the receipt of pre-orders in the second quarter of this year./.