A seminar promoting Vietnam’s exports to the US, Japan, China and the United Arab Emirates (UAE) was held in the southern province of Dong Nai on October 28.
A seminar promoting Vietnam’s exports to the US, Japan, China and the United Arab Emirates (UAE) was held in the southern province of Dong Nai on October 28.
Over the past five years, Dong Nai’s economy has grown by an annual average of 12 percent, with more than 1,200 foreign-invested projects from 42 countries and territories and over 19,500 domestic firms, according to Vice Chairman of the provincial People’s Committee Tran Van Vinh.
The US accounts for 31 percent of the province’s total exports, followed by Japan (10 percent) and China (8.5 percent), he added.
Dao Tran Nhan, Commercial Counsellor in the US, said Vietnam’s gross domestic product (GDP) and exports will increase by a respective 25 percent and 32 percent following the enforcement of the Trans-Pacific Partnership, which covers a 800-million population market and makes up 40 percent of the world’s GDP and 30 percent of the global trade.
He described the US as a major and penetrable market, adding that Vietnamese firms will still meet difficulties due to weak export capacity, transport and technical barriers and food safety.
Vietnamese Commercial Counsellors in Japan and China hailed the recent growing shipments of fruits and agricultural products, aside from apparel, fibre, machinery and fisheries.
Commercial Counsellor in the UAE Pham Trung Nghia said UAE is a significant market and a gateway to the Middle East and Africa.
However, he also expressed concern over inflated import prices due to the high local costs of transport and preservation.
Vietnamese Commercial Counsellors assured over 100 local export-import firms that they will be provided with all possible support to bring Vietnam’s products to foreign countries.-VNA
The US has been a target market for many Vietnamese businesses. Yet the 300 million-strong market is also a demanding market in terms of quality standards, requiring firms to exert efforts to penetrate, reported the Thoi bao Kinh te Viet Nam (Vietnam Economic Times).
Since May, the United Kingdom (UK) has become the leading market for Vietnamese shrimp exports in the European Union with impressive growth, although exports to other markets have slumped.
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.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
A cacao processing plant (Source: VNA)
