Hanoi (VNA) - The Ministries of Finance of Vietnam andHungary signed a memorandum of understanding (MoU) on financial cooperation inHanoi on October 16.
Vietnamese Minister of Finance Dinh Tien Dung said the signing of theMoU builds upon the positive achievements from an MoU signed in 2017 betweenthe Vietnamese Ministry of Finance and the Hungarian Ministry for NationalEconomy (now the Ministry of Finance), contributing to strengthening the bilateralfriendship and traditional cooperation and expanding international cooperation infinance.
The MoU will help strengthen bilateral dialogue and coordination infields of shared concern, especially financial analysis and forecasting and themacro-economy.
It will also help build policies, manage budget collection-expenditureand public debts, and develop Government bond markets and other economic-financeissues.
The signing is also of significance at a time when the two countries arecelebrating the 70th founding anniversary of bilateral diplomaticties in 2020./.
Vietnam and Hungary have agreed to boost comprehensive collaboration across politics, economy-trade, science-technology, culture, tourism, finance, agriculture, and security-defence to mark the 70th anniversary of bilateral diplomatic relations (February 1950-2020).
A photo exhibition on Vietnam recently opened in Budapest capital of Hungary as the first of the events commemorating the 70th founding anniversary of the Vietnam-Hungary diplomatic ties this year.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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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.
At the signing ceremony (Photo: VNA) 
