An agreement to hold international fairs and business connectivity programmes for Vietnam’s support industry was signed in Ho Chi Minh City on June 15.
HCM City (VNA) – An agreement to hold international fairs and business connectivity programmes for Vie🍨tnam’s support industry was signed in Ho Chi Minh City on June ⭕15.
Signatories were the Ho Chi Minh City Investment and Trade Promotion Centre, the Japan External Trade Organisation (JETRO) and the Reed Tradex company of Thailand.
Isara Burintramart, Reed Tradex Executive Director, said Vietnam is a destination attractive to foreign investors with more than 16,300 valid foreign-invested projects worth 238 billion USD.
JETRO Chief Representative in Ho Chi Minh City Hirokata Yasuzumi called for raising domestic supply, adding that JETRO will give priority to new exhibitors who are yet to join any support industry’s business alliance fairs, not only those from Ho Chi Minh City but also adjacent provinces.
Apart from firms in Vietnam, those from ASEAN and Japan are expected to join fairs as buyers, including the International Machine Tools & Metalworking Solution Show (Metalex Vietnam), the Business Alliance for Supporting Industry exhibition, Vietnam’s Only Exhibition on SMT, (Testing Technologies, Equipment, and Supporting Industries for Electronics Manufacturing) – Nepcon Vietnam, Industrial Components and Subcontracting Vietnam (ICSV) slated for October 6-8 at the Saigon Exhibition & Convention Centre.
The exhibitions and fairs are also expected to boost ties between the ten ASEAN member states and China, India, Japan, the Republic of Korea, New Zealand and Australia.-VNA
The southern province of Dong Nai has so far this year attracted 33 new foreign direct investment (FDI) projects, with nearly half of them poured into support industries.
Phan Dang Tuan, former Director General of the Institute for Industry Policy and Strategy, spoke to Hai Quan (Customs) newspaper on how to develop support industries in Vietnam.
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.
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.
Illustrative image (Source: VNA)
