Room for Vietnam’s exports to Eurasia remains huge
The Ministry of Industry and Trade’s Department of European – American Markets held a trade cooperation forum with Eurasian partners both online and offline on December 22.
Hanoi (VNA) – The Ministry of Industry and Trade’sDepartment of European – American Markets held a trade cooperation forum with Eurasianpartners both online and offline on December 22.
Speaking at the event, Director of the department Ta Hoang Linhdescribed Eurasia as a huge market with 28 countries which are home to apopulation of over 410 million people and a gross domestic product of over 3.3trillion USD.
Despite COVID-19 pandemic, two-way trade between Vietnam andEurasia still hit 12.7 billion USD in 11 months of this year, up 13.1 percentannually. Of the figure, 8.6 billion USD was Vietnam’s export which remainedmodest compared to their import demand of more than 1.34 trillion USD, or only0.66 percent of the market share, showing that room for Vietnam’s exportsremains huge.
As of the late November, 18 out of 28 regional countriesinvested in 319 projects worth nearly 1.78 billion USD in Vietnam, or 0.44percent of the total foreign direct investment in the country.
Meanwhile, Vietnam poured around 2.82 billion USD in 37 projectsin nine regional nations as of the late September. Russia was the biggestrecipient of Vietnamese investment with 15 projects valued at 2.8 billion USD.
Several speakers pointed out the benefit of goods transportationvia Asia-Europe railway route and seaports in Eastern Europe such as Slovenia,Bulgaria and Romania and shared information about e-commerce sites in thesemarkets to help Vietnamese firms seek export opportunities.
Questions regarding foreign countries’ import and investmentattraction policies were answered at the event. Market demands and opportunitiesfrom free trade agreements were also updated.
Li🎃nh affirmed that the ministry will continue partnering withbusiness community to boost trade and investment activities between Vietnam andEurope-America and Asia-Eu🍷rope in particular./.
The EU co-funded Asi@Connect Project, which provides a dedicated regional high capacity and high quality internet network for research and education (R&E) communities across Asia-Pacific and Europe, was launched in Hanoi on August 15.
A forum to promote trade links between Vietnamese enterprises and partners in Eurasian markets was held in Hanoi on December 10 by the Ministry of Industry and Trade (MoIT)’s European-American Market Department.
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.
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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.
Illustrative image (Photo: VNA) 
