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State energy giant PetroChina reports 130 per cent increase in net profit, eyes energy cooperation with US

PetroChina, the country’s largest oil and gas producer, will seek deeper ties with energy producers in the United States, with the hope of playing a key role in helping the two countries resolve their trade war, its president said on Thursday.Hou Qijun highlighted the countries’ complementary roles in an energy market of the future, with China’s drive against air pollution continuing to boost demand for natural gas, and the US’s emergence as a gas export powerhouse in a few years’ time.“Through… Source link

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Vietnam 

Vietnamese, Russian firms exchange co-operation opportunities – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Participants at the meeting in Hà Nội. — VNA/VNS Photo Viet Nam News HÀ NỘI — The Việt Nam Chamber of Commerce and Industry held a meeting for Vietnamese and Russian businesses in Hà Nội on Thursday to exchange co-operation opportunities in numerous fields. Vice Chairman of the VCCI Hoàng Quang Phòng said Việt Nam and Russia boasted long-standing economic and trade relations. Việt Nam wanted to co-operate with Russia in areas such as energy, infrastructure development, oil and gas, and mechanical industry, he said. Việt Nam would…

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Vietnam 

New model of trade co-operation brings both opportunities and challenges – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Non-equity modes (NEMs) trade is spreading in Việt Nam and exposing the country to both opportunities and challenges, one expert believes. Shunji Karikomi from Waseda University in Japan was speaking at a seminar in Hà Nội on Wednesday, themed “Non-equity modes (NEMs) in Việt Nam, promoting new forms of trade between Japan and ASEAN,” co-organised by the Việt Nam Trade Promotion Agency (Vietrade) and the ASEAN-Japan Centre (AJC). Non-equity modes trade is a new form of trade carried out by transnational…

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China 

‘Cooperation the best way forward’ as China and US work to end trade war, Chinese official says

A senior Chinese government official said negotiators from China and the United States were working on the next steps to end their trade war, after Washington demanded Beijing remove all tariffs on American agricultural products.Guo Weimin, spokesman for China’s political advisory body, on Saturday said a trade deal between the two nations would send a positive signal for the global economy.Guo was speaking ahead of the opening of the Chinese People’s Political Consultative Conference on Sunday… Source link

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Vietnam 

VN seeks further co-operation with Japan – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The support industry, along with the labour, tourism and agriculture sectors, should become the spearheads in the co-operation between Japan and Việt Nam. Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) Vũ Tiến Lộc made the statement at conference said on Monday. These sectors had the potential for the two countries to further their bilateral relationship, Lộc said at the Việt Nam – Japan Economic Dialogue held within the framework of a four-day visit by a Japanese business…

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Vietnam 

VN, China to boost trade co-operation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam was one of the fastest growing economies in the world and had been recognised as the new economic tiger of Asia. The statement was made by Secretary General of Boao Forum for Asia (BFA) Li Baodong at a forum on Việt Nam-China economic promotion held in Hà Nội on Thursday. It was the first time the BFA has been organised in Việt Nam and acted as the first step for the BFA to promote economic and trade co-operation between Việt Nam and China. …

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China 

China Commerce Ministry calls for US cooperation to reach trade deal in Trump-Xi meeting

China’s Commerce Ministry called Thursday for the United States to show a cooperative attitude in the meeting this weekend between Chinese President Xi Jinping and US President Donald Trump to reach a deal to end the trade war. “The economic teams on both sides are in contact to fulfil the consensus reached by the two leaders,” spokesman Gao Feng said at a news briefing in Beijing. “We hope the US will join our efforts to achieve a good result,” he added. Financial markets are hoping that a ceasefire deal, if…

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Vietnam 

VN, India eye textile co-operation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Trade between India and Việt Nam in textiles has grown significantly, but there is still huge untapped potential, the Indian consul general in the city has said. In his opening remarks at a business interaction event titled “Textiles: India-Việt Nam Co-operation”, K Srikar Reddy said Việt Nam was among the top five textile and clothing exporting countries along with India. Its exports exceeded US$31 billion last year, a year-on-year growth of 10.23 per cent. According to Indian government figures, during…

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Vietnam 

Japan, VN to deepen cooperation in the new global context – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Japan and Việt Nam should deepen bilateral co-operation, not only in investment and trade but also work to improve relationships in the future, Director of the Central Institute for Economic Management (CIEM) Nguyễn Đình Cung told a forum yesterday. Cung was at the CIEM’s Việt Nam – Japan Policy Research Forum in Hà Nội. He said: “Being the two most active members in one of the world’s most dynamic regions, Việt Nam and Japan need to look beyond cooperation in trade…

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Vietnam 

A new era in Vietnam-Malaysia business cooperation – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Representatives of Việt Nam and Malaysia signing the memorandum of understanding. The two countries’s trade revenue reached nearly US$9 billion in the past nine months, but officials said there is still room for growth. — VNA/VNS Photo Viet Nam News KUALA LUMPUR — The Việt Nam Business Association in Malaysia (VMBIZ) and the Malaysia-Vietnam Commerce Chamber (MVCC) signed a memorandum of understanding (MoU) in Kuala Lumpur on Wednesday which is expected to create new incentives for business partnerships and economic-trade ties between the two countries. Under the document, VMBIZ…

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