Vietnamese, Turkmenistan firms enhance business cooperation
The Vietnam-Turkmenistan Business Forum has provided an ideal venue for enterprises from both sides to seek cooperation opportunities in the near future, according to insiders.
the Vietnam-Turkmenistan Business Forum takes place in Hanoi on June 29. (Photo: VNA)
Hanoi (VNA) - The Vietnam-Turkmenistan Business Forum has provided anideal venue for enterprises from both sides to seek cooperation opportunitiesin the near future, according to insiders.
This statement was made by Deputy Minister of Foreign Affairs of TurkmenistanVepa Hajiyev at the Vietnam-Turkmenistan Business Forum in Hanoi on June 29.
The event is part of a range of activities taking place to mark the visit by adelegation of more than 40 Turkmenistan enterprises led by the Deputy MinisterHajiyev from June 29 to July 1.
Upon addressing the event, Deputy Minister Hajiyev highlighted the country'sgreat efforts made to promote diplomatic ties and economic cooperation betweenthe two countries over the past 30 years.
He emphasised the need to boost trade exchanges and investment attraction betweenboth sides, especially in advantageous areas.
At present, Turkmenistan possesses many strengths in fields such as naturalgas, cotton, fabrics, and carpets of all kinds, while the country is capable ofproducing industrial products, as well as consumer items such as tea, coffee,and seafood which can meet Turkmenistan’s import demand.
Bui Trung Nghia, vice president of the Vietnam Chamber of Commerce and Industry(VCCI), outlined that the country recorded the highest average annual GDPgrowth rate in the world at approximately 7% in the 1991 - 2021 period.
Despite the negative impacts of the COVID-19 pandemic, the country was amongthe few nations with a GDP growth rate exceeding 2.58% last year, and postedgrowth of 5.03% in the first quarter and 6% in the second quarter of the year.
Along with advantages such as political stability, an abundant and qualifiedworkforce, transport infrastructure, and rapid digital transformation, Vietnam hasalso emerged as a leading attractive destination for FDI attraction.
So far, investors from 139 countries and territories globally have so far investedover 420 billion USD in Vietnam. Last year, some leading corporations in theworld such as LG, Samsung, Intel, and LEGO invested big in the nation, despitechallenges relating to COVID-19./.
Party General Secretary and State President Nguyen Phu Trong on September 27 sent a message of congratulations to President of Turkmenistan Gurbanguly Berdimuhamedow on the occasion of the country’s Independence Day (September 27).
Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu on June 27 hosted a reception for his Turkmen counterpart Vepa Hajiyev who has been visiting Vietnam as the two countries will be celebrating the 30th founding anniversary of diplomatic relations next month (July 29, 1992 – 2022).
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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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.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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.
the Vietnam-Turkmenistan Business Forum takes place in Hanoi on June 29. (Photo: VNA)
