Vietnam, Luxembourg sign General Cooperation Agreement
Vietnam and Luxembourg signed in Hanoi on November 14 a General Cooperation Agreement between the two governments, the third of its kinds between the two countries since 1995.
Hanoi (VNA) – Vietnam and Luxembourg signed inHanoi on November 14 a General Cooperation Agreement between the two governments,the third of its kinds between the two countries since 1995.
In his remarks at the signing ceremony in Hanoi, Ministerof Planning and Investment Nguyen Chi Dung said the non-refundable ODA from theGovernment of Luxembourg has been poured to Vietnam’s key areas over the pasttwo decades.
According to the minister, Vietnam and Luxembourg startedtheir development cooperation in the 1990s with the first General CooperationAgreement inked in 1995. Since then, Luxembourg has provided Vietnam with about124 million EUR in non-refundable ODA, greatly dedicating to the country’ssocio-economic development.
The cooperation programmes have been geared towardsVietnam’s five-year socio-economic development plans and the MillenniumDevelopment Goals (MDGs) and the projects have been approached in a diverse, comprehensivefashion towards the sustainable development, he noted
Minister for Development Cooperation and Humanitarian ofLuxembourg Romain Schneider, for his part, said Vietnam wants to furtheradvance its development; in such context, Luxembourg hopes to expand therelations with Vietnam beyond the traditional donor-recipient ties while establishinga partnership for mutual benefit.
The agreement allows different projects to receivecoordination from any ministries of Luxembourg. It covers cooperation in multipleareas, including climate change, energy, medical research, finance and banking,he added.-VNA
The governments of Vietnam and Luxembourg have signed a protocol on the project VIE032 to support the State Securities Commission in implementing Vietnam Stock Market Development Strategy 2016-2020.
Luxembourg’s Chamber of Commerce and Ministry of Foreign and European Affairs have co-organised an ASEAN Day to mark the 50th anniversary of ASEAN and 40 years of EU-ASEAN Dialogue Relation.
The Vietnam Joint Stock Commercial Bank of Industry and Trade (Vietinbank) has signed a syndicated loan agreement worth 100 million USD with eight foreign financial institutions.
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&.
At the signing ceremony (Photo: VNA) 
