Prime Minister Nguyen Xuan Phuc laid stress on the significance of bolstering cooperation with the European Union (EU), a leading strategic partner of Vietnam in economy, trade and investment while chairing a meeting to evaluate bilateral collaboration in the past time in Hanoi on April 14.
Prime Minister Nguyen Xuan Phuc chairs a meeting to evaluate cooperation with the EU in Hanoi on April 14. (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc laid stress on thesignificance of bolstering cooperation with the European Union (EU), a leadingstrategic partner of Vietnam in economy, trade and investment while chairing ameeting to evaluate bilateral collaboration in the past time in Hanoi on April14.
Two-way trade has seen fruitful results, with the EU being the second largestimporter of Vietnam and the destination for 18 percent of Vietnamese exports,he said, noting that the union was the third biggest trade partner of Vietnamwith two-way trade reaching some 50 billion USD in 2017.
Vietnam enjoyed a trade surplus of 31.8 billion USD with the EU, he added.
He also pointed out some factors that hinder two-way trade like the “yellowcard” issued by the European Commission for Vietnamese seafood. The local businessclimate should be improved while administrative procedures need to bestreamlined to facilitate trade and investment between Vietnam and the EU, headded.
At the meeting, the Government leader ordered relevant ministries to closelywork with the EU’s bodies to complete the signing and ratification of theVietnam-EU free trade agreement (EVFTA) at the end of 2018, creating abreakthrough for economic and trade cooperation between the two sides.
The EVFTA, a new-generation free trade agreement between Vietnam and the EU’s28 member states, is a comprehensive and high-quality trade pact that balancesbenefits for both Vietnam and the EU as well as is in line with regulations ofthe World Trade Organisation.
Leaders of Vietnam and the EU finished negotiations for the deal in 2015.-VNA
Portugal backs the early signing of the EU-Vietnam Free Trade Agreement, Portuguese Minister of Foreign Affairs Augusto Santos Silva told Deputy Prime Minister Vuong Dinh Hue during their meeting in Lisbon.
Many members of the European Parliament have urged acceleration of the completion of documents and relevant procedures for the signing and ratification of the Free Trade Agreement between Vietnam and the EU (EVFTA).
Vietnam and the European Union (EU) are likely to sign the EU-Vietnam Free Trade Agreement (EVFTA) soon, Daniel Muller, ASEAN Regional Manager for the German Asia-Pacific Business Association said.
Removing trade barriers and cutting down tariffs are the most critical measures to improve investment climate for European enterprises who want to land foreign direct investments (FDI) in Vietnam.
As holding the presidency of the Council of the European Union (EU), Bulgaria advocates the early signing and approval of the EU – Vietnam Free Trade Agreement (EVFTA), a Bulgarian official has said.
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.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
Prime Minister Nguyen Xuan Phuc chairs a meeting to evaluate cooperation with the EU in Hanoi on April 14. (Photo: VNA) 
