The conflicts have caused serious disruptions to Israel’s external supply chains, leading to greater demand for a wide range of imported goods. As a result, Israeli enterprises are intensifying efforts to diversify sources of supply, including from Vietnam, to meet domestic consumption needs.
Workers produce textile and garment for export. (Illustrative photo: VNA)
Tel Aviv (VNA) – Despite ongoing conflicts in⛎ the Middle East, trade between Vietnam and Israel continued to grow strongly in t🌱he first half of 2025, with Israeli firms actively seeking alternative suppliers, including from Vietnam.
Le Thai Hoa, Trade Counsellor at the Vietnamese Embassy in Israel, said on July 7 that bilateral trade reached 1.565 billion USD in the first five months of this year, marking a 44.64% surge compared to the same period in 2024. Vietnam’s exports to Israel were valued at 354 million USD, maintaining the same level as the previous year.
Preliminary data shows that bilateral trade hit 1.825 billion USD in the first six months of 2025, up 31.2% year-on-year. Exports from Vietnam rose to 425 million USD during the period.
If current momentum continues and no significant market disruptions occur, trade between the two countries is projected to approximate 3.7 billion USD for the full year – an increase of 13.95% over 2024. Vietnam’s exports are expected to approach 900 million USD, up 13.21%.
Hoa described these trade figures, given Israel's population of nearly 10 million and latent risks of instability, as relatively impressive.
He explained that the conflicts have caused serious disruptions to Israel’s external supply chains, leading to greater demand for a wide range of imported goods. As a result, Israeli enterprises are intensifying efforts to diversify sources of supply, including from Vietnam, to meet domestic consumption needs./.
Mayor of Israel's Abu Snan city Mesheleb proposed establishing a twin relationship with a Vietnamese locality to encourage exchanges and joint projects in economy, education, and culture.
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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.
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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.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
