Vietnam, Israel boost business, investment partnership
Nearly 30 Israeli enterprises came together at a roundtable conference in Tel Aviv on June 29 to explore business and investment opportunities in Vietnam.
The roundtable conference takes place in Tel Aviv on June 29 (Photo: VNA)
Tel Aviv (VNA) - Nearly 30 Israeli enterprises came together at a roundtable conferencein Tel Aviv on June 29 to explore business and investment opportunities in Vietnam.
They are active infields such as farm produce processing, aquaculture, dairy, telecoms, medicalequipment, water treatment, and high technology in security and agriculture.
Vietnamese Ambassadorto Israel Do Minh Hung told participants that Vietnam has successfully curbedthe COVID-19 pandemic and is implementing a number of policies to boosteconomic recovery, draw foreign investment, and welcome a shift of productioninvestment to Vietnam post-pandemic.
With a large marketand active engagement in bilateral and multilateral free trade agreements(FTAs), Vietnam holds a great deal of potential, he said, adding thatcooperation between Vietnam and Israel is developing well and the two sides areactively negotiating an FTA.
The ambassador welcomedIsraeli companies to explore cooperation opportunities with Vietnamesepartners.
Two-way trade between Vietnamand Israel surpassed 1.15 billion USD in 2019, with Vietnam’s exports to Israelworth 774 million USD .
Israel is the third-largestexport market of Vietnam in the Middle East.
In the first fivemonths of 2020, Vietnam exported 274 million USD worth of goods to Israel andimported 375 million USD worth of goods.
Israel has had 31investment projects worth 78.99 million USD in Vietnam, ranking it 50th out of 135 countries and territories./.
Israeli Ambassador to Vietnam Nadav Eshcar highly appreciated Vietnam’s achievements in the fight against COVID-19 during an interview granted to the Vietnam News Agency on April 22.
The Embassy of Israel in Vietnam donated one tonne of rice on April 24 to the first “rice ATM” set up in Hanoi’s Cau Giay district to support people affected by COVID-19.
Drip irrigation, an effective Israeli technique that significantly reduces water use, could be applied in Vietnam and address drought and saline intrusion, an Israeli agriculture expert said on a webinar on June 25.
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.
The roundtable conference takes place in Tel Aviv on June 29 (Photo: VNA) 
