Danish firms offered chances to access Vietnamese market
A signing ceremony of a memorandum of understanding on the launch of the first interface for Danish brands in Lazada, one of the modern e-commerce platforms in Vietnam, was held on November 19.
At the ceremony (Photo: Embassy of Denmark in Vietnam)
Hanoi (VNA) – A ⛦signing ceremony of a memorandum of understanding on the launch ofthe first interface for Danish brands in Lazada, one of the modern e-commerceplatforms in Vietnam, was held on November 19.
In his remarks, DanishAmbassador Kim Højlund Christensen underlined that the partnership aims atbuilding a long-standing cooperation between Danish businesses and theVietnamese market, as well as introducing the European country’s values toconsumers in Vietnam through high quality products and brands. Given the EU-VietnamFree Trade Agreement (EVFTA) took effect from this August, Vietnam has becomean attractive market to Danish investors, he noted. Vietnam-Denmark trade neared150 million USD in 2019. Online shoppingtraffic in Vietnam so far this year rocketed over 150 percent against a yearearlier, with daily visits to e-commerce sites growing to 3.5 million. Vietnam’s e-CommerceWhite Book 2020 revealed that the country’s e-commerce retail sales surged 25percent to 10.08 billion USD last year, making it the third-fastest growinge-commerce market in Southeast Asia./.
The Danish Energy Agency (DEA) and the Vietnamese Electricity and Renewable Energy Authority have recently organised a webinar seeking ways to help Vietnam optimise its estimated 160GW offshore wind power energy.
Ho Chi Minh City is willing to partner with Denmark in potential areas, said Vice Chairman of the municipal People’s Committee Duong Anh Duc at a working session with Troels Jakobsen, Counselor of the Embassy of Denmark in Vietnam, on July 1.
Many Danish enterprises wish to seek information and investment opportunities in Vietnam as the EU-Vietnam Free Trade Agreement (EVFTA) is set to take effect, Troels Jakobsen, Commercial Counsellor at the Embassy of Denmark in Vietnam, said on July 2.
The Singapore-based firm Hong Lai Huat (HLH) has shaken hands with Skiold A/S of Denmark to consider investment into a 1-billion-USD Cambodia-Singapore Agriculture Special Economic Zone project.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
At the ceremony (Photo: Embassy of Denmark in Vietnam) 
