Vietnam-Israel trade reached over 790 million USD in the first nine months of 219, with Vietnam’s export revenue of about 410 million USD, according to the Vietnam Trade Office in Israel.
Tel Aviv (VNA) – Vietnam-Israel trade reachedover 790 million USD in the first nine months of 219, with Vietnam’s exportrevenue of about 410 million USD, according to the Vietnam Trade Office inIsrael.
Trade Councellor Le Thai Hoa said that Vietnam and Israel havesupplementary demands in imports and exports. Many Israeli firms are keen ondirectly importing food, foodstuff, beverage, garments and footwear from Vietnam,he noted.
Hoa said that in the first nine months of 2019, Vietnam’sexport of footwear to Israel continued to expand22.3 percent year on year,while that of aquatic products dropped 32.2 percent as Israel has beenstrengthening food safety regulations on imported foodstuff since the end of2018.
Decline was also seen in a number of Vietnamese exports suchas garment and textile at 5.6 percent, coffee at 4 percent, and cashew at 3.7percent.
However, Vietnamese rice continued to take a stable market sharein Israel, noted Hoa who said that in the first 10 months of 2019, Vietnam’sexport revenue in the Israeli market was estimated at more than 670 millionUSD, while the country’s imports were about 215 million USD.
He predicted that for the whole year, the figures may reachover 800 million USD and about 260 million USD, respectively, thus raisingtrade between the two countries to over 1 billion USD.
According to the office, many local firms show interest inpartnering with their Vietnamese peers in investment, startup, science andtechnology application in production, cybersecurity, telecommunications and IT,fintech, agriculture, and labour.
At the same time, various Israelifirms also want to build factories in Vietnam to produce consumer goods./.
Twenty Vietnamese students from the Hanoi-Amsterdam High School for the Gifted and FPT High School are having a wonderful time while attending the Robotic Camp in Israel from August 6-11.
Bilateral trade between Vietnam and Israel will continue thriving this year with its value likely to top 1 billion USD, the Vietnamese trade office in Israel said on August 28.
The two-way trade between Vietnam and Israel was estimated at 760 million USD in the first three quarters of this year with Vietnam continuing to enjoy a trade surplus of 440 million USD, according to a Vietnamese official.
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) 
