HCM City (VNA) – A landmark 6 billion USD investment agreement was signed in Ho Chi Minh City on May 19, uniting Vietnam’s KOGI Group, Japan’s Mazda Oil Corporation, and several Middle Eastern conglomerates in an effort to bolster green industrial production and energy infrastructure in southern Vietnam.
The deal encompasses two major projects in Ho Chi Minh City. The first, a 5 billion USD oil refinery and storage complex, the largest of its kind in Southeast Asia, will have an annual processing capacity of 50 million tonnes.
The second, a 1 billion USD green manufacturing plant, will focus on producing engine components using hydrogen technology in its initial phase. Additionally, the consortium plans a cross-border oil pipeline linking Vietnam’s Vung Ang port with Vientiane, Laos, with an estimated cost of 500 - 700 million USD.
Koki Kobayashi, an advisor to Mazda Oil, expressed enthusiasm for Vietnam’s potential as an investment destination, particularly in the energy sector. He noted that many Japanese firms share this optimism but urged Vietnam to further streamline administrative processes and improve its investment climate to sustain momentum.
Nguyen Hong Hue, Chairman of KOGI Group, said the agreement builds on talks sparked by Prime Minister Pham Minh Chinh’s visit to Middle Eastern countries in October 2024. He described the projects as a testament to Vietnam’s rising prominence in global and regional energy security and a reflection of international confidence in the country’s development trajectory.
ღ Hue also credited recent policy moves, including the Politburo’s Resolution 57 on breakthroughs in sci-tech, innovation, and national digital transformation, and Resolution 68 on private sector growth, for galvanising Vietnamese business community. These, he said, provide a fresh tailwind for Vietnamese firms to partner with global corporations and fully unlock the nation’s economic potential./.
The three-day event showcases cutting-edge technology and equipment in the paper and packaging sector, while serving as a key platform for international trade connections.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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.
