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WASHINGTON D.C, US - Media OutReach Newswire - 7 June 2025 - Vietnam's Minister of Agriculture and Environment Do Duc Duy led a delegation of nearly 50 agencies, agribusinesses, and associations to the United States from June 2–6, 2025, to promote trade and increase imports of agricultural and timber products. The delegation held business dialogues in Iowa, Ohio, Maryland and Washington, D.C. MoU signing to purchase US agricultural commodities. The visit aimed to boost two-way trade and open new opportunities for Vietnam to import more U.S. agrifood and timber, contributing to a more balanced trade relationship. Beyond trade, the delegation also sought access to new technologies to enhance the competitiveness of Vietnam's agricultural value chains. Minister Duy noted that while both countries have strong agricultural sectors, their strengths are complementary rather than competitive. "With strong support from both governments, agriculture in Vietnam and the U.S. is becoming more interconnected. We now share parts of the same supply chains, which helps increase our competitiveness and benefits producers and consumers in both countries," the Minister stated. "Vietnamese agribusinesses are working closely with the government to increase purchases of US agrifood and timber products. This effort supports trade balance and strengthens the supply chain between our two countries, hence contributing to global food security". He emphasized that this initiative also reflects Vietnam's commitment to deepening trust and advancing the Comprehensive Strategic Partnership as the two countries celebrate 30 years of diplomatic relations. During the trip, Vietnamese businesses signed 20 MoUs, worth a total of $3 billion to buy U.S. agricultural commodities. These agreements highlight the strong commitment and goodwill of Vietnam's business community and government to promote balanced trade with the U.S., and to encourage the Trump Administration to reconsider high reciprocal tariffs on Vietnamese goods. The visit was warmly welcomed and highly valued by U.S. partners. Iowa Governor Kim Reynolds immediately shared her appreciation on X following her meeting with Minister Do Duc Duy: "Excited to welcome Vietnam's Minister of Agriculture and Environment, Do Duc Duy, and the whole Vietnamese delegation to Iowa and celebrate the signing of MOUs and purchase agreements for Iowa commodities. The agreements today will help our farmers and strengthen the agricultural supply chain between Vietnam and Iowa". Following the Governor, Mike Naig, Secretary of Iowa Department of Agriculture, put on X: "Yesterday, I met with Vietnam's ag minister and a major trade delegation working to strengthen ties with U.S. ag producers. Of the $2B in new MOUs signed, $800M is tied to Iowa". Brian Baldridge, Ohio Secretary of Agriculture, emphasized during his meeting with Minister Duy that Vietnam and the US, especially Vietnam and Ohio, have complementary strengths, particularly in agricultural trade. Ohio sees strong potentials in Vietnam and recognizes the opportunities to expand bilateral trade. He noted that stakeholders from both sides should explore new ways for farmers, agribusinesses, and associations to collaborate and build strong, integrated supply chains. To support this, both governments should work to remove barriers to agricultural trade. Following the signing of MoUs with Vietnamese partners to purchase more than $600 million worth of animal feed from Ohio, Patty Mann, Chair of the Ohio Corn Checkoff, stated: "These agreements represent a major win for Ohio corn farmers. Vietnam continues to be a growing and reliable export market, and partnerships like this help ensure we can keep delivering high-quality, Ohio-grown products to the world". This was elaborated further by Wendy Osborn, Director of Market Development, Ohio Corn and Wheat: "The MOUs signed today represent potential commitments of significant volumes of agricultural commodities and strategic partnerships that will support Vietnam's growing agricultural sector while providing sustainable markets for Ohio's farm families. These agreements build upon the strong foundation established through years of relationship-building. May these agreements serve as a foundation for many years of continued collaboration and mutual prosperity". During a roundtable with the US-ASEAN Business Council (USABC) in Washington D.C, Ted Osius, President and CEO of USABC, expressed strong support for Vietnam's agricultural development: "Rapid changes in U.S. tariff policies have created a challenging trade environment. We're encouraged that Vietnam is considering increasing imports of agricultural goods to help reduce its trade deficit with the U.S. USABC and its member companies remain committed to supporting the growth of Vietnam's food and agriculture sector". In response to the USABC President, Minister Duy reaffirmed the Vietnam government's strong commitment to continuing institutional reforms, improving administrative efficiency, upgrading infrastructure, and creating the most favorable environment for international businesses, including U.S. enterprises, to expand trade and investment with Vietnam in a long-term and effective manner. Roundtable discussion between Vietnam's Ministry of Agriculture and Environment with USABC in Washington DC. During the meeting with Minister Duy, the Chairs of the Agriculture Committees of both the U.S. Senate and House of Representatives expressed enthusiasm and optimism about the remarkable outcomes of the Vietnamese delegation's visit to Iowa, Ohio, and Washington, D.C. Senator John Boozman was particularly impressed by Vietnam's robust economic growth and the strong potential for long-term cooperation between the two countries. He highlighted Vietnam's role as a dynamic and reliable economic partner in the Asia-Pacific region. The Senator expressed support for efforts to achieve a fair tariff agreement and pledged to fully convey Vietnam's recommendations to relevant US authorities. Representative Glenn Thompson showed special interest in the high-value deals for US agricultural commodities secured during the Minister's visit. He expressed confidence in the prospects for deeper cooperation between the two agricultural sectors and emphasized the need for the US government to promptly address concerns over the high reciprocal tariffs that may be applied to Vietnam exports. He welcomed Vietnam's decision to commercialize biotechnology-based agricultural products imported from the US, calling it a clear signal of Vietnam's determination to modernize its agriculture and integrate more closely with the US supply chains. Businesses and associations from both countries expressed hope that the Vietnamese and US governments would continue to support bilateral trade and strengthen links across their complementary agricultural supply chains. Their shared goal is to bring tangible benefits to millions of farmers, consumers, and businesses in both countries. As such, businesses on both sides are urging the removal of the reciprocal tariffs imposed by the Trump Administration on Vietnam. The 46% tariff has been reported to harm not only Vietnamese exporters but also U.S. businesses and consumers. Since agrifood is a staple commodity, higher price would place a considerable burden on average-income American households. Moreover, such measures could disrupt the supply chains that both governments and the private sector have worked hard to establish in recent years. Businesses wish for a trade agreement between the U.S. and Vietnam soonly concluded, thereby lowering tariffs on agricultural commodities, reinforcing shared supply chains and contributing to the prosperity of both countries under the Comprehensive Strategic Partnership. Hashtag: #MAEThe issuer is solely responsible for the content of this announcement.
MEISHAN, China, June 6, 2025 /PRNewswire/ -- Recently, Wanhua Chemical Battery Technology Co., Ltd. (hereinafter referred to as "Wanhua Chemical") and ElevenEs, a leading European manufacturer of lithium iron phosphate (LFP) batteries, successfully signed a Memorandum of Understanding (MOU) in Meishan, Sichuan. Mr. Wang Xiaoxing, General Manager of Wanhua Chemical Battery Technology Co., Ltd., and Mr. Nemanja Mikać, Founder and CEO of ElevenEs, attended the signing ceremony. This collaboration aims to establish a comprehensive supply and technical partnership covering products such as LFP cathode materials, PVDF (polyvinylidene fluoride) binders, NMP (N-methyl-2-pyrrolidone) solvents, etc., to promote the sustainable development of both parties in the new energy industry. Wanhua Chemical, with its industrial chain advantages and decades of experience in process development and engineering research, has established a battery material integrating battery material technology development, equipment process technology development, and battery cell application technology research. The company has also established a complete technical platform for cathode and anode materials, binders, and solvents. Under the agreement, the parties express their intention to cooperate on LFP and other high-quality raw materials. At the same time, both parties will jointly form a technical team, exchange technical and market information, and accelerate the development of their products and markets. Wanhua Chemical will utilize its production bases and global supply chain to support ElevenES battery production in Serbia. Mr. Wang Xiaoxing, General Manager of Wanhua Battery Company, stated: "This strategic collaboration with ElevenEs marks a significant step in Wanhua Chemical's localization of battery material supply chains in Europe. We will leverage our strengths in material R&D, production processes, and global footprint to provide ElevenEs with high-performance LFP cathode materials and integrated solutions, jointly advancing the sustainable development of Europe's new energy industry." Mr. Nemanja Mikać, Founder of ElevenEs, stated:"Wanhua Chemical's profound expertise in battery materials and global production capacity will significantly support ElevenEs in achieving our localized supply chain goals. This partnership not only strengthens our raw material security but also accelerates innovation through technical synergy, delivering more competitive LFP battery products to the European market." In the future, both parties plan to deepen cooperation in areas such as electric vehicles (EVs) and energy storage systems (ESS), continuously expand cooperation in battery materials, cell products, product and technology development, market expansion, and other fields, and jointly create a win-win situation for both parties to reinforce their leading positions in the global new energy industry. About ElevenEs ElevenEs is a development and industrial investment of Al Pack Group, an international leader in aluminum processing with over 30 years of high-precision manufacturing expertise – including processes closely aligned with the production of electrodes, the active component of LFP batteries. ElevenEs is recognized and supported by EIT InnoEnergy, a leading global investor in sustainable energy. The establishment of a state-of-the-art Research and Development laboratory and center is operational since June 2021. Following the successful completion and commissioning of the pilot production line in mid-2023, ElevenEs is on track to build the initial Megafactory with a capacity of approximately 1000 MWh (1 GWh) during 2025 and 2026. This will be followed by the first phase of the Gigafactory, targeting an annual production capacity of 8GWh and the second phase of the Gigafactory in Europe and the USA, targeting the total annual production capacity of 40GWh (20 + 20) by 2031.
MEISHAN, China, June 6, 2025 /PRNewswire/ -- Recently, Wanhua Chemical Battery Technology Co., Ltd. (hereinafter referred to as "Wanhua Chemical") and ElevenEs, a leading European manufacturer of lithium iron phosphate (LFP) batteries, successfully signed a Memorandum of Understanding (MOU) in Meishan, Sichuan. Mr. Wang Xiaoxing, General Manager of Wanhua Chemical Battery Technology Co., Ltd., and Mr. Nemanja Mikać, Founder and CEO of ElevenEs, attended the signing ceremony. This collaboration aims to establish a comprehensive supply and technical partnership covering products such as LFP cathode materials, PVDF (polyvinylidene fluoride) binders, NMP (N-methyl-2-pyrrolidone) solvents, etc., to promote the sustainable development of both parties in the new energy industry. Wanhua Chemical, with its industrial chain advantages and decades of experience in process development and engineering research, has established a battery material integrating battery material technology development, equipment process technology development, and battery cell application technology research. The company has also established a complete technical platform for cathode and anode materials, binders, and solvents. Under the agreement, the parties express their intention to cooperate on LFP and other high-quality raw materials. At the same time, both parties will jointly form a technical team, exchange technical and market information, and accelerate the development of their products and markets. Wanhua Chemical will utilize its production bases and global supply chain to support ElevenES battery production in Serbia. Mr. Wang Xiaoxing, General Manager of Wanhua Battery Company, stated: "This strategic collaboration with ElevenEs marks a significant step in Wanhua Chemical's localization of battery material supply chains in Europe. We will leverage our strengths in material R&D, production processes, and global footprint to provide ElevenEs with high-performance LFP cathode materials and integrated solutions, jointly advancing the sustainable development of Europe's new energy industry." Mr. Nemanja Mikać, Founder of ElevenEs, stated:"Wanhua Chemical's profound expertise in battery materials and global production capacity will significantly support ElevenEs in achieving our localized supply chain goals. This partnership not only strengthens our raw material security but also accelerates innovation through technical synergy, delivering more competitive LFP battery products to the European market." In the future, both parties plan to deepen cooperation in areas such as electric vehicles (EVs) and energy storage systems (ESS), continuously expand cooperation in battery materials, cell products, product and technology development, market expansion, and other fields, and jointly create a win-win situation for both parties to reinforce their leading positions in the global new energy industry. About ElevenEs ElevenEs is a development and industrial investment of Al Pack Group, an international leader in aluminum processing with over 30 years of high-precision manufacturing expertise – including processes closely aligned with the production of electrodes, the active component of LFP batteries. ElevenEs is recognized and supported by EIT InnoEnergy, a leading global investor in sustainable energy. The establishment of a state-of-the-art Research and Development laboratory and center is operational since June 2021. Following the successful completion and commissioning of the pilot production line in mid-2023, ElevenEs is on track to build the initial Megafactory with a capacity of approximately 1000 MWh (1 GWh) during 2025 and 2026. This will be followed by the first phase of the Gigafactory, targeting an annual production capacity of 8GWh and the second phase of the Gigafactory in Europe and the USA, targeting the total annual production capacity of 40GWh (20 + 20) by 2031. Photo - https://mma.prnasia.com/media2/2704764/photo.jpg?p=medium600Photo - https://mma.prnasia.com/media2/2704763/image.jpg?p=medium600
"Establishing a Complete Circular System for Waste Banners Through Public-Private Collaboration" Signing of MOU on Waste Banner Recycling for Regional and Corporate Co-Prosperity Led by the Ministry of the Interior and Safety, with Participation from Five Local Governments: Sejong, Gangneung, Cheongju, Naju, and Changwon Establishing a Leading Model to Raise Waste Banner Recycling Rate from 30% to 100% ULSAN, South Korea, June 5, 2025 /PRNewswire/ -- To reduce waste from discarded banners, SK chemicals has joined hands with the Ministry of the Interior and Safety, local governments, and private companies. SK chemicals Partners with Ministry of the Interior and Safety and Local Governments to Create a Leading Waste Banner Recycling Model SK chemicals (President & CEO Ahn Jae-hyun) announced on the 5th that it signed a 'Memorandum of Understanding (MOU) on waste banner recycling for regional and corporate co-prosperity' at its Ulsan Plant in Nam-gu, Ulsan, together with five local governments, REVELOP, Sejinplus, and Kakao. This agreement is part of a collaborative project among the Ministry of the Interior and Safety, local governments, and companies to establish a virtuous cycle for waste banners—collecting discarded banners, converting them into raw materials through chemical technology, and recycling them into new products. Under the agreement, the Ministry of the Interior and Safety will support coordination between local governments and companies to promote mutual growth. The five participating local governments—Sejong, Gangneung, Cheongju, Naju, and Changwon—will collect waste banners generated within their jurisdictions to establish a stable supply system, while also working to promote the adoption of products made from the recycled raw materials derived from these banners. SK chemicals will be responsible for fully breaking down the collected waste banners at the molecular level using depolymerization-based circular recycling technology and converting them into recycled PET materials. Following the agreement, the recycled materials will first be applied to electrical and electronic products through mechanical recycling (compounding) combined with high-value-added technologies for a certain period. Starting at the end of this year, SK chemicals plans to begin full-scale production of recycled materials using chemical recycling technology. The recycled PET materials produced by SK chemicals will be used by REVELOP and Kakao to manufacture a variety of end products such as clothing, desks, and banners, which will then be distributed and sold. In addition, Sejinplus is working to upcycle waste banners into automotive interior materials and construction materials through physical processing methods. Through this agreement, SK chemicals expects that collaboration between local communities and businesses will help significantly increase the current waste banner recycling rate, which stands at only 30%. According to the Ministry of Environment, approximately 6,000 tons of waste banners are generated annually. However, about 70% of these waste banners are currently incinerated or sent to landfills. The volume of waste banners generated annually by the five local governments participating in this agreement alone amounts to approximately 1.95 million tons. Although there have been previous attempts to recycle waste banners, most were one-off efforts that repurposed the material into items such as reusable shopping bags. However, these repurposed products were often eventually incinerated or landfilled, highlighting limitations in terms of sustaining a true circular resource system. In contrast, chemically recycled materials based on depolymerization can be repeatedly recycled without any degradation in quality, unlike mechanically recycled materials. If the PET material produced through this process is used as a raw material for banners, it enables the realization of a complete circular system—referred to as a 'closed loop'—where waste banners are turned back into new banners. A representative from the Ministry of the Interior and Safety stated, "The results of this pilot project will be actively reflected in future policies to promote waste banner recycling. We plan to establish recycling guidelines at the central government level and expand successful cases nationwide based on performance analysis." The official added, "In addition, we will work with relevant ministries, including the Ministry of Environment, to encourage the use of recycled products and discuss strategies for market expansion." SK chemicals plans to further accelerate the development and research of initiatives that enhance the sustainability of the circular economy, not only focusing on waste banners but also expanding to broader areas. Kim Hyun-seok, Head of the Recycling Business Division at SK chemicals, stated, "Banners have long been used as a cost-effective and impactful promotional tool, but most are discarded after a single use, prompting various efforts to reduce related waste." He added, "Through this agreement, we aim to play a key role in establishing a circular economy for banners, while continuing our efforts to build a circular recycling ecosystem across diverse sectors both domestically and internationally." Meanwhile, in 2023, SK chemicals invested approximately KRW 130 billion (USD 95.68 million) to establish SK Shantou and became the first in the world to commercialize production facilities for chemically recycled raw materials and products. In Korea, SK chemicals is also expanding its recycling-related production and research infrastructure by establishing facilities such as the Recycling Innovation Center within its Ulsan Plant site, which includes a pilot facility for chemically decomposing waste plastics to produce recycled raw materials (r-BHET). Signing of MOU Led by the Ministry of the Interior and Safety, with Participation from Five Local Governments: Sejong, Gangneung, Cheongju, Naju, and Changwon
XTransfer Signs Letter of Intention for European Headquarters in AmsterdamAMSTERDAM, NETHERLANDS - Media OutReach Newswire - 4 June 2025 - XTransfer, the world's leading and China's No.1 B2B cross-border trade payment platform, is pleased to mark its intention for strategic expansion in the Netherlands during Money20/20 Europe in Amsterdam. Representatives of XTransfer and the Netherlands Foreign Investment Agency signified the intention to invest in a joint ceremony at Money2020, celebrating XTransfer's long-term commitment to investing in the Netherlands and expanding its presence within Europe's most dynamic fintech ecosystem. The signing ceremony took place at XTransfer's booth at Money20/20 Europe, with a Letter of Intention signed by Bill Deng, Founder and CEO of XTransfer, and Hans Kuijpers, Director of Investment Projects at Netherlands Foreign Investment Agency. Bill Deng, Founder and CEO of XTransfer (Left), and Hans Kuijpers, Director of Investment Projects at NFIA (Right), at the signing ceremony. Recognised as the fintech capital of Europe, the Netherlands offers a dynamic and innovation-driven environment that supports cutting-edge financial technologies. With a robust digital infrastructure, forward-thinking regulatory frameworks, and a collaborative international business climate, the Netherlands is the ideal location for XTransfer's European expansion. Bill Deng, Founder and CEO of XTransfer, said, "We are grateful for the strong support from the NFIA. Their valuable insights and connections have played a vital role in making our expansion into the Dutch market smooth and strategic. Our intention to invest not only demonstrates our long-term commitment to the region but also reflects our deep appreciation for the Netherlands' position as a leader in fintech innovation. We look forward to growing alongside the local ecosystem and empowering SMEs across Europe with innovative cross-border payment solutions." Hans Kuijpers, Director Investment Projects NFIA, said, "We warmly welcome XTransfer's decision to establish its European base in the Netherlands. Their international presence, innovative compliance technology, and strong focus on SME cross-border payments strengthen our dynamic fintech ecosystem. Backed by a Dutch EMI license, this expansion reinforces the Netherlands' position as a key player in international digital finance." The intention to invest marks a significant milestone in XTransfer's European strategy, with a focus on strengthening its cross-border payment infrastructure across the region. Key priorities include supporting local SMEs with one-stop financial solutions for cross-border trade and fostering digital innovation through close collaboration with the Dutch banks, financial institutions and fintech ecosystem. This milestone follows XTransfer's recent acquisition of an Electronic Money Institution (EMI) license from the Dutch Central Bank, an important achievement that enables the company to provide a comprehensive payment solution for local trading SMEs. Hashtag: #XTransfer #NFIA #Money2020EU #Crossborder #Payment #SMEshttps://www.xtransfer.comhttps://www.linkedin.com/company/xtransfer.cnhttps://x.com/xtransferglobalhttps://www.facebook.com/XTransferGlobal/https://www.instagram.com/xtransfer.globalThe issuer is solely responsible for the content of this announcement.
新加坡和柬埔寨金邊 2025年6月3日 /美通社/ -- CIMB Singapore（聯昌銀行新加坡）與Wing Bank (Cambodia) Plc通過簽署諒解備忘錄(MoU)建立了戰略合作夥伴關係，旨在加強新加坡與柬埔寨之間的跨境金融服務，並深化兩國間的經濟合作。 這一合作標誌著在加強東盟(ASEAN)內部金融互聯互通方面，邁出了重要里程碑式的一步，它借助聯昌銀行新加坡的區域專長和柬埔寨Wing銀行(Wing Bank)的本地領導地位，來服務於廣泛的客戶群體——從商業企業和中小企業一直覆蓋到高淨值個人。 Clockwise, Dr. Dmytro Kolechko, CEO of Wing Bank, Neak Oknha KITH MENG, Chairman of the Board of Directors of Wing Bank and CEO of the Royal Group of Companies, and Victor Lee Meng Teck, CEO of CIMB Singapore and CEO of Growth Markets, are posing for a photo during the MoU signing ceremony. Wing銀行首席執行官Dmytro Kolechko博士表示：「與聯昌銀行新加坡攜手合作，使我們能夠為客戶提供世界級金融解決方案，同時加深柬埔寨與新加坡之間的經濟一體化。這標誌著我們在實現更廣泛的金融普惠和跨境機遇方面，邁出了關鍵一步。」 這一聯盟將聯昌銀行新加坡憑借其新加坡中心所積累的廣泛區域專長，與Wing銀行在柬埔寨的深厚根基相結合，旨在為商業銀行客戶、中小企業以及高淨值個人，提供無縫銜接的金融解決方案。 聯昌銀行新加坡首席執行官兼成長型市場業務首席執行官李明德(Victoar Lee Meng Teck)補充說：「我們與Wing銀行的合作體現了聯昌銀行(CIMB)推動東盟地區金融普惠和經濟進步的承諾。我們將會攜手為客戶創造新價值，並強化新加坡與柬埔寨之間的金融走廊。」 此次合作將提供無縫銜接、量身定制的銀行解決方案，涵蓋存款、貸款、匯款以及貿易融資等領域，以滿足跨境企業不斷增長的需求。合作的一個關鍵重點是扶持柬埔寨的中小企業，這些企業構成了柬埔寨經濟的支柱——占企業總數的98%，提供了70%的就業崗位，並貢獻了58%的國內生產總值(GDP)。 根據柬埔寨海關總署的數據，2024年柬埔寨與新加坡的貿易額激增至1.03億美元，同比實現了高達101%的顯著增長，這無疑是兩國經濟協同效應不斷增強的明確信號。此次合作將會進一步簡化金融服務流程，助力跨境交易更加順暢，並推動商業增長。 對於高淨值個人而言，此次合作將會借助聯昌銀行新加坡作為東盟地區領先財富管理中心的優勢，並結合Wing銀行對本地市場的深入瞭解，為柬埔寨不斷演變的金融格局，量身定制提供成熟且高端的投資與財富管理解決方案。 這一具有里程碑意義的聯盟為新加坡與柬埔寨金融融合的新時代奠定了基礎，將會推動創新、金融普惠與可持續增長。通過連接這兩個充滿活力的經濟體，聯昌銀行新加坡與柬埔寨Wing銀行正在為創造東盟更加互聯互通、更加繁榮昌盛的未來鋪平道路。 垂詢詳情，請訪問：https://www.wingbank.com.kh/en/category/company-news/
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