Israeli firms explore business opportunities in Vietnam
Some 35 Israeli companies explored business and investment opportunities in Vietnam during a seminar co-held by the Vietnamese Trade Office and Israel-based accounting and consulting firm BDO in Tel Aviv on November 5.
Some 35 Israeli companies explore business and investment opportunities in Vietnam during a seminar in Tel Aviv on November 5. (Photo: VNA)
Tel Aviv (VNA) – Some 35 Israeli companies explored business and investmentopportunities in Vietnam during a seminar co-held by the Vietnamese TradeOffice and Israel-based accounting and consulting firm BDO in Tel Aviv onNovember 5.
The firmsincluded manufacturers,investors and importers of various products, ranging from foods, consumergoods, to clothing, electronics, furniture and construction materials.
Opening the event,Vietnam Desk Manager of BDO Israel Einat Halevy Levin provided attendees with an outlook of the Vietnamese market, saying theseminar is a good chance for Israeli firms to explore and get updates aboutbusiness opportunities in Vietnam.
Vietnamese tradecounsellor Le Thai Hoa, for his part, gave an overview of Vietnam’s economy,the Free Trade Agreements the country has joined or is negotiating, itsbusiness climate and investment support policies.
Representativesof some Israeli companies said they wish to learn about Vietnam’s investmentincentives and how the Vietnamese government will assist Israeli companies in seeking and getting in touchwith Vietnamese manufacturers of products they want to import.
Others sharedexperiences in doing business with their Vietnamese partners, saying the twosides still have plenty of room for cooperation.
Lateststatistics indicated in the first nine months of 2019, the Vietnam – Israeltrade exceeded 790 million USD, with Vietnam enjoying a trade surplus of approximately410 million USD.
Vietnam’sexports to Israel are likely to hit over 800 million USD this year whileimports from Israel are estimated at about 260 million USD.
In the firstthree quarters, Israel exported 39.26 billion USD worth of goods and services,including raw and polished diamonds, a year-on-year decrease of 3.47 percent.The country’s imports slightly increased to 56.65 billion USD. Its tradedeficit grew 10.2 percent year on year to 17.39 billion USD./.
The Tel Aviv administration is willing to cooperate with Vietnamese localities and share experience in smart city development, tourism, investment and business, aiming to deepening the relations between Israel and Vietnam, Tel Aviv Mayor Ron Huldai told Vietnamese Ambassador to Israel Do Minh Hung.
Bilateral trade between Vietnam and Israel will continue thriving this year with its value likely to top 1 billion USD, the Vietnamese trade office in Israel said on August 28.
Vietnam-Israel trade reached over 790 million USD in the first nine months of 219, with Vietnam’s export revenue of about 410 million USD, according to the Vietnam Trade Office in Israel.
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 PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
Some 35 Israeli companies explore business and investment opportunities in Vietnam during a seminar in Tel Aviv on November 5. (Photo: VNA)
