The chemical industry was under an overhaul with an aim to boost exports of high value products.
The Ministry of Industry and Trade recently approved the restructuring plan for the chemical industry for the country's industrialisation, modernisation and sustainable development by 2020, with a vision for 2030.
One of the prime goals was to enhance the quality and diversify the tyre and tube product categories to firstly meet domestic demand and then boost exports of products of high value products such as radial tyres, special car tyres, and tube-less motorcycle tyres.
Vietnam currently has an estimated 830 firms involved in tyre products, including 30 manufacturers, 170 exporters and 460 importers.
The rubber industry was currently led by three giants, Sao Vang, Da Nang and the Southern Rubber Company, all of whom are under the Vietnam National Chemical Group.
Under the approved planning of the chemical industry, other sectors to be restructured include fertiliser, crop protection chemicals, petrochemicals, and the pharmaceutical chemistry, in addition to basic chemicals, chemical power, and industrial gas. Industries producing detergent wash and ink would also be restructured.
𝕴 The Ministry of Industry and Trade would implement measures such as renovating policies, simplifying administrative procedures and raising incentives to attract investments in high-tech projects and gradually eliminate outdated technologies.-VNA
Deputy Prime Minister Truong Vinh Trong has stressed the need to develop the Vietnam National Chemical Group (Vinachem) into a strong conglomerate in the region.
Deputy Prime Minister Hoang Trung Hai on April 19 cut the ribbon to inaugurate an all-steel radial truck tyre factory in the southern province of Binh Duong.
Prime Minister Nguyen Tan Dung has asked ministries, sectors and State-owned enterprises (SOEs) to speed up their restructuring, saying that if the work is not completed as schedule, their leading officials should voluntarily step down.
The Southern Rubber Industry JSC (Casumina) on January 5 reached an agreement with its US partner to export tyres to the US market in 2015, according to the Sai Gon Giai phong (Liberated Sai Gon) newspaper.
The Vietnam National Chemical Group (Vinachem) targets a 7.2 percent yearly increase in its industrial production value to more than 45 trillion VND (2.14 billion USD) and an equal rise in revenue to over 49 trillion VND (2.33 billion USD) in 2015.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Photo cafef.vn)
