Vietnam seizes opportunities to promote export to potential markets
Heads of Vietnamese representative agencies in some countries shared new trends for Vietnamese businesses to enhance economic cooperation with host countries during a seminar held by the Ministry of Foreign Affairs on December 10.
Hanoi (VNA) - Heads of Vietnamese representative agencies in some countries shared new trends for Vietnamese businesses to enhance economic cooperation with host countries during a conference held by the Ministry of Foreign Affairs on December 10.
Advantages of Vietnam's agricultural products as well as export opportunities for Vietnamese goods to big and potential markets were spotlighted at the event.
Vietnamese Ambassador to Austria Nguyen Trung Kien said that many Vietnamese businesses have taken advantage of opportunities and benefits brought by the EU-Vietnam Free Trade Agreement (EVFTA) on tariff and control conditions for bringing goods into Europe.
Meanwhile, Vietnamese Ambassador to the UK Nguyen Hoang Long said the UK is promoting trade cooperation with many other markets after leaving the EU, especially emerging markets, in order to help its products become more popular and competitive.
This is the UK's purpose, but also an opportunity for its partners like Vietnam. As the UK strengthens its cooperation with new markets like Vietnam, it will also open doors to products from the markets, he noted.
He stressed the need for Vietnamese businesses to ensure the quality of goods as they want to increase cooperation and expand exports to the UK, because this is one of the choosy markets.
According to the ambassador, agriculture is the most potential sector of Vietnam in the UK market, especially high-quality agriculture, towards the high-value-added market segment.
Vietnamese Ambassador to Algeria Nguyen Thanh Vinh said that the demand for consumer goods of Algerians is enormous, while the country’s domestic production capacity is limited.
The Algerian government is changing its economic development strategy in the direction of reducing dependence on oil exports and attracting foreign investment, he said, adding that this is an opportunity for Vietnamese producers inthe areas of agriculture and consumer goods.
He noted that Vietnamese enterprises, especially those that have just entered the market, want to cooperate with Algerian businesses as well as other African countries, need to choose reputable and goodwill partners, and can ask for support from the embassy and trade office in the country./.
Vietnamese Minister of Planning and Investment Nguyen Chi Dung and Australian Minister for Trade, Investment and Tourism Dan Tehan shared the hope that the Australia-Vietnam Enhanced Economic Engagement Strategy in 2021-2025 will be launched this year.
President Nguyen Xuan Phuc is going to attend the Asia-Pacific Economic Cooperation (APEC) meetings on November 11 - 12 via videoconference, expected to help promote Vietnam’s stature in multilateral activities, including those of APEC.
Vietnam expects APEC to continue affirming its role as a key forum for economic cooperation and linkages, promoting economic growth of the region and the world, and asserting the important role of multilateralism and multilateral cooperation, Deputy Minister of Foreign Affairs Dang Hoang Giang has said.
Vietnamese Ambassador to Brazil and Suriname Pham Thi Kim Hoa has vowed to do her utmost to develop good friendship and cooperation between Vietnam and Suriname at a meeting with President of Suriname Chandrikapersad Santokhi following the ambassador's presentation of credentials.
The People Committee of northern Hung Yen province has issued a decision on the establishment of an industrial park of the Vietnam - Republic of Korea (RoK) economic cooperation.
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.
Participants at the conference (Photo: VNA) 
