Vietnam business delegation seeks investment, trade opportunities in Israel
A Vietnamese business delegation made a trip to Israel on November 3-4 during which they attended a Vietnam-Israel conference on production and trade cooperation in Tel Aviv.
At the Vietnam-Israel conference on production and trade cooperation (Photo: VNA)
Tel Aviv (VNA) – A Vietnamese business delegation made a trip to Israel on November 3-4 during which they attended a Vietnam-Israel conference on production and tradecooperation in Tel Aviv.
As part of the nationaltrade promotion programme in 2022, the event was co-hosted by the VietnameseEmbassy in Israel’s Vietnam Trade Office and the Federation of Israeli Chambers of Commerce (FICC), aiming to supportVietnamese firms in technological transfer and export to Israel.
Deputy Director of theVietnamese Ministry of Industry and Trade’s Trade Promotion Agency Le Hoang Taisaid Vietnam and Israel are negotiating a free trade agreement with 11 rounds of talks held since March 2016. When it is signed, morebilateral trade and investment opportunities will be opened up.
Israel is now thefifth largest trade partner of Vietnam in West Asia. In the first nine months of thisyear, two-way trade between the two countries surpassed 1.6 billion USD.
Trade Counsellor at the Vietnamese Embassy Le Thai Hoa described Israel as a promising market for Vietnameseexports, especially processed products with high added value like food andconsumer goods. Vietnam mainly exports mobile phones and spare parts, aquaticproducts, cashew nuts, coffee, footwear, pepper and a👍pparel to Israel whileimporting computers, circuit boards and electronic components, machinery and fertilizers.
Over 50 Israeli firmslater joined a B2B matching event with Vietnamese partners on the occasion.
During the trip, the Vietnamesedelegation visited an🧔d held a working session with Green2000, a leading hi-techagriculture company in Israel, to explore co𝐆operation opportunities./.
The Vietnamese Embassy in Israel held a gathering on July 19 to introduce Vietnam’s culture, cuisine and tourism to local friends on the occasion of the 29th anniversary of the countries’ diplomatic ties (July 12).
Vietnam wishes to maintain and further expand cooperation with Israel in multiple areas, including trade and economy, science and technology, and innovative start-ups, said Vietnamese Ambassador to Israel Ly Duc Trung on August 9.
President Nguyen Xuan Phuc has said that Vietnam wants to cooperate with Israel in fields of its strength such as innovation, sci-tech and renewable energy.
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.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
At the Vietnam-Israel conference on production and trade cooperation (Photo: VNA) 
