Economic and trade ties between China’s Chongqing city and Vietnam have been growing strongly, with Vietnam’s exports to the centrally-run city soaring by over 86 percent during January-September to more than 4.5 billion USD.
Beijing (VNA) - Economic and trade tiesbetween China’s Chongqing city and Vietnam have been growing strongly, withVietnam’s exports to the centrally-run city soaring by over 86 percent duringJanuary-September to more than 4.5 billion USD.
Pan Ling, head of the municipal Commerce Commission’sOffice of Asian-African Markets, said trade between Chongqing and Vietnamsurged 158 percent last year, adding that the city wants to expand economic andtrade ties with and buy more farm produce from ASEAN and Vietnam.
It also wants to expand cooperation with Vietnameseenterprises on manufacturing and industrial assemblies, he said. He alsowelcomed Vietnamese and ASEAN firms to Chongqing to develop business, and encouragedChongqing enterprises to extend cooperation with the country and the bloc.
According to municipal authorities, Chongqing hasestablished friendly ties with HCM City and northern Cao Bang and Quang Ninhprovinces. Prior to the COVID-19 pandemic, Chongqing conducted 34 flights toASEAN member states, including 31 carrying passengers and three carrying cargo.Among them were two direct flights to Hanoi and HCM City.
In recent years, Da Nang, Nha Trang, and other Vietnameseareas have become major overseas destinations for visitors from Chongqing. Thecity invited nearly 10 Vietnamese travel agencies to its GlobalTravel Agents Conference, while bilateralcultural and tourism exchange has been held regularly.
On the back of existing achievements, the potential forfurther cooperation between Chongqing and Vietnam remains huge. Theirbusinesses could seize opportunities to enhance trade, contributing todeveloping economic links between both sides./.
Vietnam and China co-chaired the 18th East Asia Forum which was held via video conference on December 10 under the theme of “Strengthening the ASEAN Plus Three Cooperation for Economic and Financial Resilience in the face of Emerging Challenges”.
The 20th Vietnam-China border economic and trade fair kicked off at the Kim Thanh Exhibition and Convention Centre in the northern mountainous province of Lao Cai and the Hekou International Exhibition Centre in China’s Yunnan province on December 12.
If Vietnam and China can further optimise their neighbourliness as well as the huge trade potential under the EU-Vietnam Free Trade Agreement (EVFTA), bilateral trade will reach a new height, an official said at an online business matching event on December 17.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Illustrative image (Photo: VNA) 
