Many businesses at a forum in Hanoi on June 23 called for support by the Government and competent agencies to help them draw up suitable business strategies and upgrade technologies in order to raise
Hanoi (VNA) – Many businesses at a f𝐆orum in Hanoi on June 23 called for support by the Government and competent agencies to help them draw up suitable business strategies and up𒉰grade technologies in order to raise their competitiveness.
Speaking at the forum on Vietnamese enterprises’ connectivity and integration in the era of new-generation free trade agreements (FTAs), Pham Hoang Thang, Director of Hoang Thang Agricultural Machine Production Co., Ltd, highlighted the financial difficulties facing small and medium enterprises which have to try to afford spending on innovation and connectivity at the same time.
Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), underlined the need for Vietnamese businesses to meet international administration standards in the context of globalisation and competition.
Vietnam has concluded negotiations on 12 FTAs, both bilaterally and multilaterally, with eight coming into force, he said, noting that domestic firms will have more opportunities to promote their products abroad thanks to such deals.
Ha Huy Tung, deputy head of the Finance Ministry’s International Cooperation Department, said businesses and State agencies should enhance their coordination in the fight against trade fraud and consult each other in negotiating the agreements.
He explained that the Trans-Pacific Partnership (TPP) agreement is expected to be put into place in early 2018 and a handful of others will soon become effective. Meanwhile, Vietnam still faces multiple barriers in terms of product origins, environment and labour.
The forum was held by the Finance Ministry in partnership with the National Assembly’s External Relations Committee and the VCCI.-VNA
Russian President Vladimir Putin put his signature to ratify the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam on May 1.
The House of Representatives of Belarus and Kyrgyzstan’s national assembly ratified the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam on May 25.
Belarusian President Alexander Lukashenko signed to ratify the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam on May 31.
Opportunities and challenges for Vietnam under the EU-Vietnam Free Trade Agreement (EVFTA) were highlighted at a workshop held in Ho Chi Minh City on June 1.
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.
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.
An overview of the forum (Source: dangconsan.vn)
