Turkish businesses want to boost export to Vietnam, which posts high and stable economic growth and is also a gateway for other countries to access the common market in the ASEAN Economic Community, according to the Turkish Exporters’ Assembly.
HCM City (VNA) –Turkish businesses want to boost export to Vietnam, which posts high and stableeconomic growth and is also a gateway for other countries to access the commonmarket in the ASEAN Economic Community, according to the Turkish Exporters’Assembly (TIM).
At a trade exchange programme in Ho Chi MinhCity on May 5, TIM Deputy Chairman Mustafa Cikrikcioglu said the developmentpotential of Vietnam and Southeast Asia is very big, and this is an opportunityfor Turkish enterprises to expand trade ties with these markets.
Many Turkish companies shared the view thatVietnam and Turkey have different specialised production fields while goodsthey are strong at are not direct rivals to each other, so their businesses caneasily cooperate and support each other.
Vietnam has strength in exporting electronicdevices and components, rubber, fabric, and agricultural products. Meanwhile,Turkey is good at manufacturing, agricultural product processing equipment,mechanics, and machinery which are now in demand in the Southeast Asian nation.
To promote Turkey’s export to Vietnam and mutualinvestment, the TIM will work with the Vietnam Chamber of Commerce and Industry(VCCI) to increase direct contact between the countries’ businesses such as byorganising trade events or participating in exhibitions.
Turkish companies also expressed their hope thatthe two Governments will soon streamline visa granting procedures so thatentrepreneurs can have better conditions to meet and set up long-termpartnerships.
Nguyen The Hung, Deputy Director of VCCI’s HCMCity branch, said Vietnam and Turkey boast sound cooperation in variousspheres, including trade that has been growing strongly in recent years.However, bilateral trade revenue has yet to be on par with potential and isstill dominated by Vietnamese exports.
To foster trade activities, the countries’Governments and business associations should coordinate more closely and devisemore solutions to connect and support their enterprises, he added.
In 2016, bilateral trade reached 1.5 billionUSD, including more than 1.3 billion USD of Vietnam’s shipments. Turkey has 15investment projects with total capital of 704 million USD in Vietnam at present.-VNA
A delegation of business executives representing nine companies based in Turkey’s Antalya city on September 7 met with their counterparts in HCM City to exchange information.
The Turkey Ministry of Economy’s General Directorate of Imports has issued the final decision on anti-dumping investigation into polyester textured yarn imported from some countries, including Vietnam
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.
Illustrative image (Photo: VNA) 
