The Executive Committee of the Vietnamese Business Association in Northern Laos pose for a photo at the congress (Source: VNA)
Hanoi (VNA) – The VietnameseBusiness Association in Northern Laos held the first congress in Luang Prabangcity on January 10.
The newly-elected chairman of the association, PhiVan Mai, pledged that the organisation will actively create favourableconditions for its members to explore the market and minimise risks, connectsmall- and medium-sized firms in northern Lao provinces with those in theVietnamese twin localities, and enhance relations among businessesand the two sides’ provinces so as to promote trade and tourism links.
The association will continue callingon major enterprises of Vietnam to make investment and do business in Laos insuch fields as transport and energy infrastructure, agriculture, forestry,manufacturing, services, and especially new and potential sectors such as IT,educational, and healthcare infrastructure.
He added it will also assist andprovide legal advice for the Vietnamese companies already operating or planningto operate in Laos, as well as to the Lao companies wishing to invest inVietnam, thereby helping to strengthen the great friendship between the twocountries.
Consul General of Vietnam in LuangPrabang Nguyen Dang Hung expressed his hope that in the time ahead, the associationwill serve as a bridge linking the two countries’ businesses, upholdsolidarity, and step up innovation and reform, thus contributing to the greatfriendship, special solidarity, and all-round cooperation between Vietnam andLaos.
Established on December 13, 2020, the VietnameseBusiness Association in Northern Laos consists of more than 60 members whichare operating in eight northern Lao provinces. It is also a member of the VietnamBusiness Association for Cooperation and Investment in Laos./.
Two-way trade between Vietnam and Laos is estimated at 1.3 billion USD in 2021, a year-on-year rise of 30.3 percent, according to Deputy Minister of Industry and Trade Tran Quoc Phuong.
Vietnamese Prime Minister Pham Minh Chinh and his Lao counterpart Phankham Viphavanh co-chaired the 44th meeting of the Vietnam – Laos Inter-Governmental Committee on Bilateral Cooperation in Hanoi on January 10.
Vietnamese Prime Minister Pham Minh Chinh and his Lao counterpart Phankham Viphavanh met with 60 Vietnamese and 20 Lao enterprises in Hanoi on January 10.
Lao Prime Minister Phankham Viphavanh and his entourage left Hanoi on January 10, concluding their three-day visit to Vietnam at the invitation of his Vietnamese counterpart Pham Minh Chinh.
Laos has been the largest recipient of Vietnam's overseas investment so far, with 209 projects totalling 5.1 billion USD in registered capital, Minister of Planning and Investment Nguyen Chi Dung has said.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The Executive Committee of the Vietnamese Business Association in Northern Laos pose for a photo at the congress (Source: VNA) 
