Russian newspaper: Vietnam makes record on FTA signing
Russian news website Lenta.ru reported that Vietnam has set a world record on the number of FTA signed with foreign partners in one year, quoting a remark by an expert of the RIAC.
Moscow (VNA) – Russian news website Lenta.ru reported that Vietnam has set a world record on the number of free trade agreements (FTA) signed with foreign partners in one year, quoting a remark by an expert of the Russian International Affairs Council (RIAC).&nb🦂sp;
According to RIAC Media and Government Relations Manager Anton Tsvetov, Vietnam has struck free trade pacts with the Eurasian Economic Union (EEU) and the Republic of Korea (RoK) and completed the negotiations on the Trans-Pacific Partnership (TPP) agreement in 2015.
Most recently on December 2, Vietnam and the European Union (EU) inked an announcement to officially conclude the negotiations on the EU-Vietnam Free Trade Agreement (EVFTA), he said.
EU experts commented that the FTA with Vietnam is a stepping-stone towards the liberalisation of trade with the Association of Southeast Asian Nations (ASEAN). Vietnam is the second nation, after Singapore , to become a member of the free trade area with the EU, Tsvetov said.
The signing of the free trade deals has indicated that Vietnamese leaders are bringing the country into global economic integration via specific steps to expand export markets, diversify business environment and import goods sources, and attract more overseas investors, the expert said, adding that this is useful for the country’s technology transfer and State-run enterprise equitisation.-VNA
The Moscow government invited Vietnam to join a project constructing a hi-tech healthcare complex in Moscow, Russia during a workshop promoting cooperation in industry, trade and tourism.
Additional Russian research institutes and technology companies will join the new stage of the long-term project “Russia-Vietnam: new economies”, as heard at a press briefing in Hanoi on September 28.
Potential and collaboration plan in education, science and technology between Vietnam and Russia were discussed at first meeting of the Russia-Vietnam committee for education, sci-tech cooperation.
The first industrial exhibition EXPO Russia-Vietnam 2015 and the Vietnam-Russia Business Forum will take place in Hanoi this month, said the Vietnam Chamber of Commerce and Industry (VCCI).
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)
