Officials talk facilitation of Vietnam - Panama trade, investment ties
Deputy Minister of Industry and Trade Do Thang Hai had an online meeting with Panamanian Deputy Minister of Commerce and Industry Juan Carlos Sosa on November 24 to discuss ways for bolstering bilateral trade and investment.
Deputy Minister of Industry and Trade Do Thang Hai and other officials of Vietnam attend the online meeting on November 24 (Photo: Ministry of Industry and Trade)
Hanoi (VNA) –Deputy Minister of Industry and Trade Do Thang Hai had an online meeting with PanamanianDeputy Minister of Commerce and Industry Juan Carlos Sosa on November 24 todiscuss ways for bolstering bilateral trade and investment.
Hai noted with satisfactionthat trade between the two countries grew strongly in the first 10 months of2021, by 21 percent year on year, to 337.26 million USD. Of the figure, Vietnam’sexports to Panama reached 336.23 million USD, rising 24.35 percent.
However, he said, to developeconomic and trade ties on par with potential, the two sides should increase coordinationin trade and investment promotion both in person and via videoconference.
They also need to shareinformation about their product quality standards, boost mutual visits byenterprises, and increase business matching, especially when the COVID-19pandemic is gradually brought under control.
The Deputy PM also askedPanama to create favourable conditions for Vietnamese firms’ trade promotion activitiesin the country and help its businesses learn about the Vietnamese market.
For his part, the Panamanianofficial said his country hopes to foster the export of some agricultural andaquatic products to Vietnam.
He agreed that the two sideswill coordinate closely to step up bilateral trade and investment viaactivities assisting their businesses to explore and access each other’smarkets.
Panama will organise the ExpoComerinternational trade exhibition in Panama City from March 23 to 26 next year,Sosa noted, inviting Vietnamese firms to attend the event to seek chances for tradeand investment partnerships with the country and other Latin American nations.
At the meeting, the officialsagreed to keep working together to hold the second meeting of the Vietnam -Panama Joint Committee for Economic, Trade, and Investment Cooperation in2022./.
Vietnamese Ambassador to Mexico and Panama Nguyen Hoai Duong presented a copy of his credentials to Panamanian Deputy Foreign Minister Alfaro Boyd via a virtual meeting on September 10.
Vietnamese Deputy Minister of Foreign Affairs Bui Thanh Son on November 18 held talks via video conference with his Panamanian counterpart Federico Alfaro Boyd as part of activities marking the 45th anniversary of diplomatic relations between the two nations.
Vietnam treasures and wants to continue expanding and deepening its relations with Panama, especially in economy, trade and investment, Minister of Foreign Affairs Bui Thanh Son told Ambassador of Panama Eligio Alberto Salas De León on October 11.
The Hanoi Union of Friendship Organisations (HAUFO) and the Panamanian Embassy in Vietnam held a programme on November 3 to present warm clothes to disadvantaged children living in the Birla Children’s Village.
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.
Deputy Minister of Industry and Trade Do Thang Hai and other officials of Vietnam attend the online meeting on November 24 (Photo: Ministry of Industry and Trade) 
