Russian newspaper: Vietnam makes record on FTA signing
Russian news website Lenta.ru reported that Vietnam has set a world record on the number of FTA signed with foreign partners in one year, quoting a remark by an expert of the RIAC.
Moscow (VNA) – Russian ꧒news website Lenta.ru reported that Vietnam has set a world record on the number of free trade agreements (FTA) signed with foreign partners in one year, quoting a remark by an expert of the R🅷ussian International Affairs Council (RIAC).
According to RIAC Media and Government Relations Manager Anton Tsvetov, Vietnam has struck free trade pacts with the Eurasian Economic Union (EEU) and the Republic of Korea (RoK) and completed the negotiations on the Trans-Pacific Partnership (TPP) agreement in 2015.
Most recently on December 2, Vietnam and the European Union (EU) inked an announcement to officially conclude the negotiations on the EU-Vietnam Free Trade Agreement (EVFTA), he said.
EU experts commented that the FTA with Vietnam is a stepping-stone towards the liberalisation of trade with the Association of Southeast Asian Nations (ASEAN). Vietnam is the second nation, after Singapore , to become a member of the free trade area with the EU, Tsvetov said.
The signing of the free trade deals has indicated that Vietnamese leaders are bringing the country into global economic integration via specific steps to expand export markets, diversify business environment and import goods sources, and attract more overseas investors, the expert said, adding that this is useful for the country’s technology transfer and State-run enterprise equitisation.-VNA
The Moscow government invited Vietnam to join a project constructing a hi-tech healthcare complex in Moscow, Russia during a workshop promoting cooperation in industry, trade and tourism.
Additional Russian research institutes and technology companies will join the new stage of the long-term project “Russia-Vietnam: new economies”, as heard at a press briefing in Hanoi on September 28.
Potential and collaboration plan in education, science and technology between Vietnam and Russia were discussed at first meeting of the Russia-Vietnam committee for education, sci-tech cooperation.
The first industrial exhibition EXPO Russia-Vietnam 2015 and the Vietnam-Russia Business Forum will take place in Hanoi this month, said the Vietnam Chamber of Commerce and Industry (VCCI).
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.
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.
Illustrative image (Source:VNA)
