Vietnam, China to faciliate bilateral export-import
Minister of Industry and Trade Nguyen Hong Dien and Chinese Ambassador to Vietnam Xiong Bo agreed to facilitate bilateral export-import activities during their meeting in Hanoi on May 25.
Minister of Industry and Trade Nguyen Hong Dien (R) and Chinese Ambassador to Vietnam Xiong Bo (Photo: VNA)
Hanoi (VNA) – Minister of Industry and Trade♊ Nguyen Hong Dien and Chinese Ambassador to Vietnam Xiong Bo agreed to facilitate bilateral export-import activitiesduring their meeting in Hanoi on May 25.
Accordingly, both sides agreed to open the market for Vietnam’sfarm produce, exempt Vietnam’s farm produce, aquatic products and frozen foodfrom SARS-CoV-2 testing, reopen border gates and markets,and support business connectivity activities. Minister Dien suggested China facilitate the import of Vietnamese fruits and farm produce, particularly lychee, longan andmango from Bac Giang, Hai Duong, Son La and other localities. Expressing willingness to work closely with the VietnameseMinistry of Industry and Trade, the Chinese ambassador said both sides should improvethe quality of economic-trade cooperation and stabilise supply chains betweenthe two economies in accordance with common perceptions reached by the two nations’ leaders According to the General Department of Vietnam Customs, two-waytrade between Vietnam and China reached 133.09 billion USD last year, up 13.82 percent from 2019. Ofwhich, Vietnam's export to China rose by 17.95 percent to 48.9 billion USD while import from China hit 84.18 billion USD, up 11.55 percent. China remained the largest trade partner, largest export market and thesecond largest importer of Vietnam. In the first four months of this year, two-way trade hit 50.21 billion USD,up 43.04 percent. Of the figure, 16.29 billion USD was from Vietnam's exports, up 28.04 percentwhile the remaining was from imports, up 51.57 percent year-on-year./.
President Nguyen Xuan Phuc received the visiting Chinese State Councillor and Minister of National Defence, Sen. Lt. Gen. Wei Fenghe, in Hanoi on April 26.
The patrol forces of the Vietnam Coast Guard and the China Coast Guard on April 28 finished their first joint patrol on the waters adjacent to the demarcation line in the Tonkin Gulf between the two countries in 2021.
The border guard forces of Vietnam, China, and Laos met at the countries’ border T-junction on May 22 to discuss border management and defence measures and launch a week-long joint border management programme.
President Nguyen Xuan Phuc and Chinese Party General Secretary and State President Xi Jinping affirmed the significance of the Vietnam-China relationship in each country’s foreign policy during their phone talks on May 24.
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.
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.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
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.
Minister of Industry and Trade Nguyen Hong Dien (R) and Chinese Ambassador to Vietnam Xiong Bo (Photo: VNA) 
