AmCham Vietnam develops and completes the TCVN system for food and beverages
The Memorandum of Understanding (MoU) between Vietnam Standards & Quality Institute (VSQI) and AmCham Vietnam will be implemented in the period of 2019-2021.
In the framework of the 2019 US – Vietnam Business Summit, celebrating 25 years of trade and investment, in the afternoon of May 10 in Hanoi, Vietnam Standards and Quality Institute (VSQI) – Directorate for Standards, Metrology and Quality and American Chamber of Commerce Vietnam (AmCham Vietnam) has signed a Memorandum of Understanding for information and cooperation on standards and quality in the field of food, beverages and other related fields that the two sides are interested in, aiming to build and contribute to complete the national standard system of Vietnam (TCVN).
Mr. Vu Tien Loc – Chairman and President of the Vietnam Chamber of Commerce and Industry (VCCI); Mr. Tran Van Vinh – Director General of the Directorate for Standards, Metrology and Quality (Ministry of Science and Technology) and delegates witnessed the signing ceremony.
Deputy Director General of the Directorate for Standards, Metrology and Quality Mr. Nguyen Hoang Linh – in charge of VSQI and Ms. Amanda Rasmussen – President of AmCham Vietnam participated in signing.
A Memorandum of Understanding was established by VSQI and AmCham Vietnam to promote cooperation and exchange activities based on the specific needs of standards, technical regulations, quality, and goods labels in the food and beverages sector in Vietnam.
The two sides had specific activities to improve product and goods quality management in the field of food and beverages; Organizing annual dialogues to enhance understanding in the field of goods quality management, aiming to create a sustainable business environment in Vietnam. Besides, the cooperation between VSQI and AmCham Vietnam is expected to promote and develop the national standard system (TCVN) for food and beverages in the near future.
MoU between VSQI and AmCham Vietnam will be announced by both parties in the period of 2019-2021.
Nearly 25 years since Vietnam – the United States (1995 – 2019) normalized relations, two – way trade has increased rapidly, trading between the two countries has been raised from 0 to over 60 billion USD in 2018. The United States has become Vietnam’s leading trading partner and investor. Currently, Vietnam ranks 16th among the top US trading partners and the annual trade growth between the two countries averages 20%. Entering 2019, Vietnam’s export turnover to the United States has seen a growth step that can be said to be speedy, particularly in January 2019, it reached more than 5.151 billion USD, up to 42.1% compared to with the same period of 2018. This reflects the most typical traits in the economic relations of the two countries in both scale and speed of development./.