A symposium on economic cooperation opportunities between the southern central province of Phu Yen and the European Union was opened in Tuy Hoa city on March 15.
Tuy Hoa city, Phu Yen province (Source :tptuyhoa.phuyen.gov.vn)
Phu Yen (VNA) – A symposium on economic cooperation opportunities between the southern central province of Phu Yen and the European Union was opened in Tuy Hoa city on March 15.
The event was jointly organised by the provincial People’s Committee, the Ministry of Foreign Affairs and the European Chamber of Commerce in Vietnam (EuroCham).
Participants at the event exchanged information relating to the Europe- Vietnam Free Trade Agreement (EVFTA) as well as the pros and cons to local businesses when the trade deal takes effect, including seeking partners and accessing markets in member countries.
Local officials briefed EuroCham’s members about the potential and advantages of the province while calling for European enterprises to invest in large-scale projects in the locality, such as the existing 1.5 billion USD An Binh Thanh hi-end complex, the 170 million USD petrochemical industrial park and the Phu Yen hi-tech applied agribusiness park worth 100 million USD.
Deputy Director of the province’s Department of Planning and Investment Nguyen Le Vu said the province will create the best possible conditions for investors in terms of tariff, land and water surface leasing, business income tax and import-export tax.
Alongside this, Phu Yen will also apply several preferential treatments and investment support in the province’s industrial parks, he added.
Phu Yen is home to 42 foreign direct invest (FDI) projects with a total investment capital of 4.56 billion USD, of which 28 projects are operational. FDI enterprises’ turnover in 2015 was 105.4 million USD, generating jobs for over 3,400 labourers.
EuroCham is an organisation representing the business community of the European Union. It bridges enterprises and governments at country, regional and local leve🅷ls. To date the organisation has 900 members worldwide.-VN🍎A
Results of the quarterly EuroCham Business Climate Index survey show business confidence, outlook and expectations for the future among EU firms in Vietnam rose slightly from the previous quarter.
EuroCham in Vietnam has committed to intensifying its activities in 2016, in order to boost investment and trade links between Vietnamese businesses and those from the European Union member states.
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.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Tuy Hoa city, Phu Yen province (Source :tptuyhoa.phuyen.gov.vn)
