Philippine enterprises eye cooperation opportunities in Vietnam
A delegation of 15 Philippine businesses operating in food, packing and business franchises attended a trade exchange in Ho Chi Minh City on August 18 to seek cooperation opportunities in Vietnam.
A delegation of 15 Philippine businesses operating in food, packing and business franchises attended a trade exchange in Ho Chi Minh City on August 18 with Vietnamese enterprises to seek cooperation opportunities in the country.
Deputy Director of the Ministry of Industry and Trade’s Trade Promotion Department Bui Thi Thanh An said that trade exchanges between Vietnam and the Philippines have yet to meet their full potential.
Promoting connectivity between businesses will make it easier for them to seek partners, study markets and contribute to enhancing bilateral trade cooperation, especially as the ASEAN Economic Community forms by the end of this year, she added.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, there were 74 projects worth over 303 million USD invested by Philippine businesses in 16 Vietnamese localities as of June, mainly in processing and manufacturing industries.
Last year, trade reached nearly 3 billion USD, 2.3 billion USD of which came from Vietnam’s exports. Vietnam mainly sends agricultural products, seafood, food, iron and steel and component parts to the Philippines.-VNA
A forum for business cooperation between Vietnam and Canada took place on July 28 in Ho Chi Minh City, bringing together 200 businesses from both sides to discuss cooperation in economics, education, technology and the environment.
Vietnam’s embassy in Cambodia organised a business forum on July 15 to encourage Vietnamese and Cambodian enterprises to support each other for cooperation and development.
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.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
In Vung Ang economic zone (Source: VNA)
