Vietnam - US trade office established in Binh Duong
A Vietnam – US trade office was opened in Binh Duong on November 11 as a joint effort of the Vietnam-US Chamber of Commerce in the US, Binh Duong’s Department of External Affair and Becamex IDC.
Vietnam - US trade office established in Binh Duong (Source: VNA)
Binh Duong (VNA) – A Vietnam – US trade office was inaugurated in southern Binh Duong pr✅ovince on November 11🌼 as a joint effort of the Vietnam-US Chamber of Commerce in the US, Binh Duong’s Department of External Affairs and Becamex IDC.
The move is to facilitate the operation of US companies here, the head of the Vietnam-US Chamber of Commerce in the US, Mai Hoang, said, adding that Binh Duong has a favourable geographical location, which is close to Ho Chi Minh City, several airports and sea ports.
Vice Chairman of the provincial People’s Committee Mai Hung Dung said Binh Duong has attracted many foreign investors. Many business organisations from Japan, the Republic of Korea and China’s Taiwan have opened their representative offices in the locality.
According to the provincial Department of Planning and Investment, Binh Duong is currently hosting 2,548 valid foreign-funded projects totalling more than 22 billion USD.
In the 2010-2015 period, the province drew 7.9 billion USD of investment, 2.5 billion USD higher than the set goal.
In the next five years, it plans to attract at least 7 billion USD.-VNA
Economic experts predicted that Vietnam’s exports to the US, mainly textiles and footwear, would continue to increase if local exporters could meet technical standards and requirements.
Vietnam’s southern province of Binh Duong and the Republic of Korea (RoK)’s Daejeon city have inked a cooperation agreement for the next five years with a focus on economics, healthcare and education.
The southern province of Binh Duong attracted 1.6 billion USD in foreign direct investment (FDI) so far this year, exceeding the yearly target by 60 percent.
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.
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.
Vietnam - US trade office established in Binh Duong (Source: VNA)
