Nghe An (VNA) – A workshop was held inthe central province of Nghe An on June 29 to seek ways to boost border tradeactivities with Laos.
Ambassador of Vietnam to Laos Nguyen Dinh Basaid shortcomings in regulations and policies of the two countries have causeddifficulties for management agencies and businesses.
Investment has not been poured in buildingtransport infrastructure in border markets over the past time, he said, addingthat the cash payment in trade makes it difficult for commercial banks to opennew branches, transaction and foreign exchange offices at border gates.
The bilateral coordination in preventingsmuggling and trade fraud remains limited, Ba said.
At the workshop, economists and businessesproposed Nghe An make use of all investment resources to upgrade border tradeinfrastructure and prioritize building, expanding and improving roads to bordergates to promote bilateral trade.
Experts suggested upgrading trade facilities,building border markets, and launching services at Nam Can and Thanh Thuyborder gates.
Deputy Director of the provincial Department ofIndustry and Trade Vo Thi An called on Nghe An relevant agencies to coordinate withLao counterparts to promote made-in-Vietnam products in the market as well asstrengthen inspections of cross-border trade activities to ensure security andprevent trade fraud and smuggling.
She asked Laos’ Bolikhamsai and Houphanprovinces to upgrade border gates with Vietnam and open auxiliary ones.
She suggested the two countries’ governmentsencourage online payment through banks to make it easier for import-exportactivities.
Nghe An shares 419km of borderline with Laoprovinces of Bolikhamsai, Xiangkhouang, and Houphan. It is home to oneinternational border gate and four auxiliary ones with Laos.
In the first six months of 2018, the totalimport-export turnover between Nghe An and Laos was estimated at 15.36 millionUSD, a year-on-year rise of 22 percent.
Of the figure, Nghe An exported 13.66 millionUSD worth of goods, mainly construction materials, electric wires and aquaticproducts.
Nearly 90 local businesses are making investmentin Laos, focusing in the fields of mining, hydropower, processing, trade oftimber and small trucks, wine and steel production, forestation, tourism,agro-fishery, consumption products, and information and communication services witha total investment of over 200 million USD.-VNA
Prime Minister Nguyen Xuan Phuc hosted a reception for Lao Minister of Energy and Mine Khammany Inthirath in Hanoi on April 4 before he left for the third Mekong third Mekong River Commission (MRC) Summit in Cambodia.
Minister of Industry and Trade Tran Tuan Anh and Lao Minister of Energy and Mine Khammany Inthirath held talks in Hanoi on April 4 to discuss ways to boost bilateral cooperation in energy and mining, and remove barriers for mining and hydropower projects.
Chairman of the Government Committee for Religious Affairs (GCRA) of Vietnam Vu Chien Thang and Chanthavong Senamathmonti, Vice President of the Lao Front for National Construction (LFNC) Central Committee held talks in Vientiane on April 5 to discuss ways to foster religious cooperation between the two countries.
Leaders of Vietnam’s central Quang Binh province and the Lao province of Khammouane held talks and signed an agreement on April 6, agreeing to continue strengthening multi-faceted cooperation in 2018.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
At the workshop (Source: //baocongthuong.com.vn) 
