The Ministry of Industry and Trade and the Vietnam Chamber of Commerce and Industry jointly held a workshop in Hanoi on May 23 to inform enterprises on the Regional Comprehensive Economic Partnership (RCEP).
Hanoi (VNA) – The Ministry of Industry and Trade and the VietnamChamber of Commerce and Industry jointly held a workshop in Hanoi on May 23 to informenterprises on the Regional Comprehensive Economic Partnership (RCEP).
Nguyen Thi Thu Trangfrom the WTO Centre said that many businesses are pinning high hopes on the RCEPas it will create a giant market accounting for 50 percent of the globalpopulation. Moreover, China and India, who are partners in the deal, accountfor 30 percent of the global GDP and 28 percent of the world’s total tradevolume.
In addition, themajority of consumers from RCEP countries – excluding those from Japan,Australia, and New Zealand – do not have so high standards, while their demandfor strong Vietnamese products such as farm produce and processed food is quitehigh, Trang said.
Pham Tuan Anh from theMinistry of Finance, who is a member of the negotiation team, said that thereare big expectations on the agreement, including import-export opportunities,as tariff incentives will be improved, customs-related procedures harmonised,and non-tariff barriers controlled.
According to Anh,markets for several services such as logistics and telecommunications will be openedup.
Negotiations on theRCEP between the Association of Southeast Asian Nations (ASEAN) and its partnersof China, Japan, the Republic of Korea, India, Australia and New Zealand beganin 2013 and are in the final stage. Once completed, the agreement will create alarge free trade region covering Vietnam’s various big export partners.–VNA
Singaporean Minister for Trade and Industry Chan Chung Sing on March 20 expressed his hope that a deal for the Regional Comprehensive Economic Partnership (RCEP) could be sealed later this year.
ASEAN economic ministers gathered at the 25th ASEAN Economic Minister Retreat (AEM Retreat) in Phuket, Thailand on April 23 to discuss the conclusion of negotiations for the Regional Comprehensive Economic Partnership (RCEP) at the end of this year, as well as the completion of the ASEAN Single Window (ASW).
The ASEAN Trade in Services Agreement (ATISA) and the fourth protocol amending the ASEAN Comprehensive Investment Agreement (ACIA) were inked by ASEAN economic ministers in Thailand on April 23.
Senior officials of the Association of Southeast Asian Nations (ASEAN) and China held a consultation in Hangzhou city, China’s Zhejiang province, on May 19 to review cooperation, discuss measures to promote partnership, and prepare for the ASEAN-China post ministerial conference this August.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
Illustrative image (Source: VNA) 
