Venezuela and Vietnam are looking to build a strategic alliance in energy via cooperation with the Vietnam National Oil and Gas Group in order to ensure each country’s energy security.
Venezuela and Vietnam are looking to build a strategic alliance in energy via cooperation with the Vietnam National Oil and Gas Group in order to ensure each country’s energy security, Venezuelan President Nicolas Maduro Moros has said.
At a meeting with Vietnam’s Deputy Prime Minister Hoang Trung Hai and business representatives in Hanoi on August 31, the Venezuelan President said energy is among the most important issues recently agreed upon by the two Governments.
He stressed Venezuela continually attaches importance to all-around cooperation with the Southeast Asian nation.
Hailing Vietnam’s goods production capacity, especially in agriculture, President Maduro said Venezuela plans to enhance its trade ties with Vietnam and will enact measures to reach cooperation agreements between the two countries’ businesses, targeting a trade value of 1 billion USD.
He suggested the two sides identify commitments, initiatives and areas of cooperation to be implemented first in order to stimulate bilateral collaboration.
The Venezuelan leader said three agricultural cooperation projects are being implemented in his country’s central region, noting Venezuela will ensure capital, material conditions and equipment to welcome Vietnamese investors this October.
In response, Deputy PM Hai said economic and trade ties between Vietnam and Venezuela have yet to match the two countries’ potential and strength.
He called on Vietnamese and Venezuelan businesses to increase exchanges and take initiative in seeking cooperation possibilities and extract opportunities offered by trade promotion programmes between the two countries.
Since Vietnam and Venezuela established diplomatic relations 25 years ago, apart from politics, diplomacy and culture, the two countries have also paid heed to economic, trade and investment ties, he said.
Hai cited the bilateral trade turnover which climbed from 20 million USD in 2010 to over 62 million USD in 2014.
The official said the two countries boast strong potential for cooperation in energy, oil and gas, consumer goods production, healthcare, science-technology and agriculture.-VNA
Venezuelan President Nicolas Maduro Moros will pay an official visit to Vietnam from August 30 to September 1 to foster bilateral relations between the two nations.
State President Truong Tan Sang reiterated Vietnam’s interest in deepening ties with Venezuela to benefit the two peoples during his talks with Venezuelan President Nicolas Maduro Moros in Hanoi.
National Assembly Vice Chairwoman Tong Thi Phong held a reception on August 31 for Venezuelan President Nicolas Maduro Moros, who is on an official visit to Vietnam.
Vietnam and Venezuela affirmed to closely collaborate in promoting bilateral cooperation, especially in energy, oil and gas, agriculture and aquatic farming.
Prime Minister Nguyen Tan Dung has assured Venezuelan President Nicolas Maduro Moros that the Vietnamese government will do its best to materialise agreements reached by the two countries’ leaders.
Venezuelan President and President of Venezuela’s United Socialist Party Nicolas Maduro Moros stated that his country is keen on boosting friendship and all-round ties with Vietnam.
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.
Overview of the meeting (Source: VNA)
