International forum and expo on investment promotion slated for next year
With the Government of Vietnam committed to achieving net zero emissions by 2050, there is a shift in the country’s priority in foreign investment attraction, said Deputy Minister of Industry and Trade Do Thang Hai on July 26.
Deputy Minister of Industry and Trade Do Thang Hai (centre). (Photo: MPI)
Hanoi (VNA) – With the Government of Vietnamcommitted to achieving net zero emissions by 2050, there is a shift in thecountry’s priority in foreign investment attraction, said Deputy Minister ofIndustry and Trade Do Thang Hai on July 26.
Vietnam pays particular attention to energy transition andgreen industrial production, Hai told visiting Chairman of PDA Ventures PradeepDeviah as he asked the Indian-based group to keep this in mind while callingfor investors to participate in an international forum and expo on investment promotion scheduledin Hanoi between March and April 2023.
The deputy minister stressed that the Vietnamese Government attaches great importance toforeign investment as it is one of the country’s three pillars for economicdevelopment. Vietnam sets to rake in 38.5 billion USD in FDI this year despiteCOVID-19 and it has become more selective in FDI attraction.
He urged PDA Ventures and partners to speed up proceduresfor the two events to be held on schedule and to promote not only investmentbut also trade and tourism.
Pradeep Deviah informed his host on the coordination between PDA Ventures and Vietnamese associations and Vietfair company in organising the two events, saying the group will invite potential investors to Vietnam as it isan attractive destination for investors.
According to the Ministry of Industry and Trade, India isVietnam’s top economic partner in South Asia and the eighth largest tradepartner. Vietnam, meanwhile, is India’s 23rd biggest trade partnerglobally and the fourth largest in ASEAN.
The Vietnam-India trade increased 3.5-fold in a decade, from2.7 billion USD in 2010 to 9.6 billion USD in 2020, with an annual averagegrowth reaching nearly 16%.
Last year, the bilateral trade totalled 13.2 billion USD, up36% from 2020, despite COVID-19.
The two-way trade rose by 22% to 7.7 billion USD in thefirst half of this year; of which Vietnam’s shipments to India were valued at 4 billionUSD, up 39% year-on-year, while imports were estimated at 3.7 billion USD, up8%.
Vietnam mainly exported to India products in processing andmanufacturing, agriculture and construction; and imported inputs fortextile-garment production, plastics, chemistry, aquatic products, steel andiron./.
A joint venture between India’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city, according to Nhan dan (People) newspaper.
About 200 Vietnamese and Indian enterprises in the pharmaceutical and medical field participated in a networking event in Ho Chi Minh City on July 5, together exploring their ‘golden’ cooperation and investment opportunities in the post-pandemic period.
Budget carrier Vietjet Air will open new routes to a number of Indian cities, starting from this September, raising the total number of air routes connecting the two countries to 17.
More than 150 Indian firms operating in different spheres in India attended a trade promotion programme held by the Vietnamese Ministry of Industry and Trade in New Delhi on July 18.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy Minister of Industry and Trade Do Thang Hai (centre). (Photo: MPI) 
