Vietnamese representative agencies abroad urged to further support businesses
Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong on November 12 urged Vietnamese representative agencies abroad to further support the business community during the process of international economic integration.
Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong speaks at the event. (Photo: VNA)
Hanoi (VNA) – Vice Chairman of the Vietnam Cha💎mber of Commerce and Industry (VCCI) Hoang Quang Phong on November 12 urged Vietnamese representative agencies abroad to further support the business community during the process of international economic integration.
Speaking at a meeting between enterprises and associations, and 23 new Vietnamese ambassadors and consuls general who are in charge of 48 markets worldwide, Phong said that the business community expects Vietnamese representative agencies abroad continue to advise and support Vietnamese businesses in the world market with new waves of investment and technology transfer.
In addition to informing businesses about other countries’ practices and experiences in developing their economies, the ambassadors and consuls general are expected to help Vietnamese businesses with forecasting business trends and identifying niche markets in each country, he said.
Phong expected that the heads of Vietnamese representative agencies abroad in the new term will continue to support economic diplomacy as a political mission; especially in promoting the business environment, potential and strengths of Vietnam's products and services. They will provide businesses with reliable information about the markets, culture and business practices of the host countries, connect and introduce potential and reputable partners to domestic enterprises.
For his part, Deputy Minister of Foreign Affairs Do Hung Viet, who was appointed as the Ambassador, Permanent Representative of Vietnam to the United Nations in New York, said that 2025 is the year for the country to accelerate and make breakthroughs to complete the five-year socio-economic development plan for 2021 - 2025.
Based on the achievements in economy, society and foreign affairs in the past time, the Ministry of Foreign Affairs and the network of 93 Vietnamese representative agencies abroad will continue to implement economic diplomacy, especially in creating a stable and favorable environment, mobilising resources to serve trade, investment and promote new growth drivers, Viet said.
He said the ministry as well as Vietnamese embassies and consulates general in countries will continue accompanying and supporting the Vietnamese business community./.
Vietnam’s business and investment climate is showing marked improvements following sustained reform efforts, with enhanced access to business-related information and regulations, reduced unofficial costs, and effective administrative reforms, according to the latest survey by the Vietnam Chamber of Commerce and Industry (VCCI).
Shareholders should have 180 days to contribute charter capital to their company instead of 90 days starting immediately, the Vietnam Chamber of Commerce and Industry (VCCI) recently proposed.
Commenting on the draft Law on Geology and Minerals, the Chamber of Commerce and Industry of Vietnam (VCCI) proposed implementing auctions for mineral mining rights.
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.