The Vietnamese Embassy in Israel, in collaboration with the Israel-Asia Chamber of Commerce, held a ceremony on March 22 to inaugurate the Israel-Vietnam Chamber of Commerce.
Vietnamese Ambassador Do Minh Hung speaks at inaugural ceremony of Israel-Vietnam Chamber of Commerce (Photo: VNA)
Tel Aviv (VNA) – The Vietnamese Embassy in Israel, in collaborationwith the Israel-Asia Chamber of Commerce, held a ceremony on March 22 toinaugurate the Israel-Vietnam Chamber of Commerce.
Speaking at the event, Vietnamese Ambassador Do Minh Hungbriefed participants on the two nations’ trade situation and prospects.
Despite impacts of the COVID-19 pandemic, the bilateralrelations in general and the trade ties in particular have developed strongly,with the trade turnover hitting 1.8 billion USD, a rise from 1.6 billion USD of2020, and 1.2 billion USD of 2019.
Vietnam maintains its status as Israel’s largest trade partner inSoutheast Asia, he stressed.
Einat Halevi Levin, President of the Israel-Vietnam Chamber of Commerce (Photo: VNA)
Einat Halevi Levin, President of the Israel-Vietnam Chamberof Commerce, said that the decision to set up the chamber was prompted by the huge cooperation potential andrapid trade growth between the two countries.
The chamber will provide support for the two business communitieswith a goal of doubling the two-way trade value, she said, adding that it hasreceived big assistance from the Israeli Government.
Representatives from Israeli enterprises showed theirinterest in investing in Vietnam – a nearly 100-million-consumer market, andtheir hope to import commodities of all kinds, from machinery, automobile to food fromVietnam./.
Israel's removal of import quotas and opening of its dairy market create a good opportunity for Vietnamese businesses to approach Israeli importers and boost exports to the country in the near future, the Vietnamese trade office in Israel has said.
The Embassy of Israel on December 13 presented more than 22,000 plants to farmers in Bac Phong commune, Cao Phong district, the northern mountainous province of Hoa Binh, in response to the 1-billion-tree growing project launched by the Vietnamese Prime Minister.
A seminar to promote agricultural trade and investment and cooperation between enterprises of the northern mountainous province of Ha Giang and Israel has been held in the Vietnamese locality.
Ambassador of Israel to Vietnam Nadav Eshcar spoke highly of Vietnam’s successful response to COVID-19 during a recent interview with the Vietnam News Agency, saying he is impressed to see the significant growth in the trade volume between the two countries over the last two years despite the COVID-19 challenges.
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.
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.
Vietnamese Ambassador Do Minh Hung speaks at inaugural ceremony of Israel-Vietnam Chamber of Commerce (Photo: VNA) 
Einat Halevi Levin, President of the Israel-Vietnam Chamber of Commerce (Photo: VNA) 
