Hanoi (VNA) – Vietnamese Minister of Industry andTrade Nguyen Hong Dien has hailed Israel as a promising market of Vietnam inWest Asia.
During a working session with Israeli Ambassador to Vietnam NadavEshcar in Hanoi on November 16, Dien said Israel is now the fifth largeಌst tradepartner of Vietnam. Despite the COVID-19 pandemic last year, two-way trade stillhit 1.6 billion USD, up 36.4 percent annually. The figure went up 14.3 percentyear-on-year to 1.3 billion USD in nine months of this year.
Illustrative image (Photo: vneconomy.vn)
Vietnam’s major exports to Israel include mobile phones,computers and accessories, aquatic products, cashew nuts, apparel, footwear, coffee,pepper, machinery and equipment, natural rubber, beverages, plastic and woodenproducts, chemicals, handicrafts and ceramics.
Dien suggested the ambassador offer support to the country intrade promotion, both directly and indirectly, to bring more Vietnamese goods such as pepper, cashew nuts, coffee, fruits andvegetables, leather and footwear to Israel.
According to him, both sides should consider a mechanism onsharing of information regarding technical requirements for exports,contributing to lifting two-way trade.
Eshcar, for his part, said negotiations on a free tradeagreement between Vietnam and Israel are in the final stage which will create anew breakthrough for bilateral ties. If the deal is signed, two-way trade couldincrease to 3-4 billion USD each year quickly.
The Israeli side is urging agencies concerned to complete thetalks this year and look to sign the deal next year, he said.
The host wished that the Israeli firms would invest more insupport and electronics industries in Vietnam, as well as offer more assistancein investment, digital transformation, and technological infrastructure.
Vietnam is ready to step up negotiations towards reaching a bilateralFTA withও balancedജ interests for both sides, he said./.
Vietnamese businesses introduced their potential and strong export products in various fields to Israeli partners at a Vietnam-Israel consumer goods trade exchange that was held virtually on November 23.
Vietnam and Israel on December 21 signed a protocol amending the air transport agreement between the two governments which are planning to launch direct flights connecting the two countries.
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.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
At the working session (Photo: VNA) 
Illustrative image (Photo: vneconomy.vn) 
