A seminar promoting Vietnam’s exports to the US, Japan, China and the United Arab Emirates (UAE) was held in the southern province of Dong Nai on October 28.
A seminar promoting Vietnam’s exports to the US, Japan, China and the United Arab Emirates (UAE) was held in the southern province of Dong Nai on October 28.
Over the past five years, Dong Nai’s economy has grown by an annual average of 12 percent, with more than 1,200 foreign-invested projects from 42 countries and territories and over 19,500 domestic firms, according to Vice Chairman of the provincial People’s Committee Tran Van Vinh.
The US accounts for 31 percent of the province’s total exports, followed by Japan (10 percent) and China (8.5 percent), he added.
Dao Tran Nhan, Commercial Counsellor in the US, said Vietnam’s gross domestic product (GDP) and exports will increase by a respective 25 percent and 32 percent following the enforcement of the Trans-Pacific Partnership, which covers a 800-million population market and makes up 40 percent of the world’s GDP and 30 percent of the global trade.
He described the US as a major and penetrable market, adding that Vietnamese firms will still meet difficulties due to weak export capacity, transport and technical barriers and food safety.
Vietnamese Commercial Counsellors in Japan and China hailed the recent growing shipments of fruits and agricultural products, aside from apparel, fibre, machinery and fisheries.
Commercial Counsellor in the UAE Pham Trung Nghia said UAE is a significant market and a gateway to the Middle East and Africa.
However, he also expressed concern over inflated import prices due to the high local costs of transport and preservation.
Vietnamese Commercial Counsellors assured over 100 local export-import firms that they will be provided with all possible support to bring Vietnam’s products to foreign countries.-VNA
The US has been a target market for many Vietnamese businesses. Yet the 300 million-strong market is also a demanding market in terms of quality standards, requiring firms to exert efforts to penetrate, reported the Thoi bao Kinh te Viet Nam (Vietnam Economic Times).
Since May, the United Kingdom (UK) has become the leading market for Vietnamese shrimp exports in the European Union with impressive growth, although exports to other markets have slumped.
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.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
A cacao processing plant (Source: VNA)
