Vietnam, New Zealand discusses US's Indo-Pacific Economic Framework
Minister of Industry and Trade Nguyen Hong Dien had a phone conversation with New Zealand Minister for Trade and Export Growth Damien O'Connor on March 17 to discuss the US’s initiative in building the Indo-Pacific Economic Framework (IPEF).
Minister of Industry and Trade Nguyen Hong Dien (centre) at the event. (Photo: congthuong.vn)
Hanoi (VNA) – Minister ofIndustry and Trade Nguyen Hong Dien had a phone conversation with New Zealand Ministerfor Trade and Export Growth Damien O'Connor on March 17 to discuss the US’sinitiative in building the Indo-Pacific Economic Framework (IPEF).
The IPEF is designed to serve the Indo-PacificStrategy, which was announced by the US on February 2 this year towards fivemain goals – freedom and openness, connectivity, prosperity, security andresilience.
At the talks, Dien said the initiativecovers many new and non-traditional issues that Vietnam is interested in, suchas supply chain development, and investment in infrastructure and theenvironment. However, because its content isquite diverse with many new issues, the framework needs to be flexible in terms of how toparticipate and the level of participation; and to be adjusted in accordancewith the institutions and interests of each participating country, the minister said.
According to the US plan, theframework is expected to be announced at the end of March at an event hosted byPresident Joe Biden, with the presence of high-ranking officials from other nations.
Dien said that from Vietnam’s pointof view, countries should have enough time to study the IPEF's content, therebymaking a decision to join or not. It is also necessary for the IPEF to have asdiverse as possible participation of countries in the region, especially ASEAN memberstates, he added.
The official proposed that NewZealand and other nations offer technical assistance to Vietnamparticularly concerning the framework’s new fields.
He hoped Vietnam and New Zealand would work closely together to build stances and express them to the US andother countries, especially in areas of common interest such as agriculture.
Minister O’Connoragreed with Dien on such cooperation.
Both sides believed that thedevelopment of this cooperation framework requires consultations at a higherlevel.
In February this year, the US sentto Vietnam a draft document of the IPEF, which mentions four pillars that the USwants to work towards in the framework with other countries. The pillars are fairand resilient trade; supply chain resilience; infrastructure, clean energy anddecarbonisation; and taxation and anti-corruption./.
Vietnam and New Zealand can complement each other and have huge potential for boosting trade and investment in various fields, particularly agriculture, heard at a conference held in Ho Chi Minh City on December 17.
The Minister of Foreign Affairs of New Zealand, Nanaia Mahuta, has written an article for VietnamPlus on the occasion of the Waitangi Day 2022 (the National Day of New Zealand).
Minister of National Defence General Phan Van Giang held a phone talk with his New Zealand counterpart Peeni Henare on March 9 during which they sought to strengthen defence ties between the two countries in multiple areas.
Prime Minister Pham Minh Chinh proposed that New Zealand create more conditions for Vietnamese goods to access its market toward bringing the two countries' two-way trade turnover to 2 billion USD by 2024, during a reception for the new New Zealand Ambassador to Vietnam, Tredene Dobson, in Hanoi on March 15.
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.
Minister of Industry and Trade Nguyen Hong Dien (centre) at the event. (Photo: congthuong.vn) 
