Trade between Vietnam and India in August picked up 12 percent from July, reaching 1.02 billion USD despite the complications from the COVID-19 outbreak, according to the Vietnamese Trade Office in India.
A worker at a firm specialising in electronic components (Illustrative photo: VNA)
New Delhi (VNA) - Trade between Vietnam and India in Augustpicked up 12 percent from July, reaching 1.02 billion USD despite thecomplications from the COVID-19 outbreak, according to the Vietnamese Trade Office in India.
Trade turnover stood at 6.08 billion USD in the January-August period, ayear-on-year decline of 24.4 percent. Vietnam shipped 3.12 billion USD worth ofgoods to India, down 34.2 percent, while importing 2.96 billion USD worth of Indian goods, up 4.9 percent against the same period lastyear.
Telephones and components continued to be the biggest earner for Vietnam in theperiod, bringing in 827.77 million USD, a year-on-year decline of 11.7 percent.Following were computers, electronic products, and components (542.39 millionUSD, down 32.3 percent) and machinery and tools (243.45 million USD, down 57.4percent).
♔ Major imports from India included steel products (832.75 million USD, up 61.5percent), machinery and components (210.78 million USD, down 32.5 percent),pharmaceutical products (172.4 million USD, up 5.7 percent), and seafood(161.45 million USD, up 19.3 percent)./.
India’s The Diplomat newswire has run an article entitled “India – Vietnam relations: Strong and Getting Stronger” by scholar Rajeswari Pillai Rajagopalan from the Observer Research Foundation, saying that the two countries continue deepening their relationship.
The ASEAN-EU and ASEAN-India Ministerial Meetings were held virtually on September 12 within the framework of the 53rd ASEAN Foreign Ministers’ Meeting (AMM 53) and Related Meetings.
A webinar on the prospects for Vietnam-India tourism cooperation in the post-pandemic era was held on September 17, bringing together representatives from some 200 travel companies, hotels, and media agencies in the two countries.
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.
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&.
A worker at a firm specialising in electronic components (Illustrative photo: VNA) 
