The Vietnam Chamber of Commerce and Industry (VCCI) on August 22 signed a cooperative agreement with the China Council for the Promotion of International Trade’s (CCPIT) Ningbo city chapter.
Hanoi (VNA) – The Vietnam Chamber of Commerce and Industry (VCCI) on August 22 signed a cooperative agreement with the China Council for the Promotion of International Trade’s (CCPIT) Ningbo city chapter to lay the foundation for the two countries’ businesses to accelerate cooperation.
The signing took place at a seminar held the same day aiming to enable Vietnamese and Chinese enterprises to seek and expand respective markets across electricity, electronics, mechanics engineering, chemicals, apparel, beauty products, trade, finance, and real estate. VCCI Vice Chairman Hoang Quang Phong said bilateral trade between Vietnam and China has incessantly increased over the past years. China has been Vietnam’s leading export market since 2004, in such products as computers and spare parts, natural rubber, coal and rice.
Phong said two-way trade in the first seven months of this year reached nearly 38.2 billion USD, a year on year increase of 1.3 percent, of which imports were 27.3 billion USD, down 3.4 percent and exports were nearly 10.9 billion USD, up nearly 15 percent.
According to Chairman of the CCPIT’s Ningbo city chapter Chai Lida, Ningbo is one of the most developed cities in China, only after Shanghai. The locality has strength in areas like apparel, machinery and gear manufacturing, and seaport.
The chairman revealed that by the end of July 2016, Chinese investors poured over 10.8 billion USD into 1,475 projects in Vietnam, focusing on processing, industrial manufacturing, mining, services, agriculture-forestry-fishery, aquaculture processing, health, and education.
He 🐽proposed speeding up the development of a Ningbo industrial park in Vietnam and preparations to organise an international trade exhibition by the Chinese locality in Vietnam in the coming time.-VNA
Vietnam’s capital Hanoi and China’s southwestern province of Guizhou have stepped up tourism cooperation, Quan Doi Nhan Dan (People’s Army) newspaper reported.
Minister of Industry and Trade Tran Tuan Anh and General Director of China’s Administration of Quality Supervision , Inspection, and Quarantine (AQSIQ) Zhi Shuping met in Ho Chi Minh City on May 31.
Vietnam and China agreed to enhance political trust, maintain high-level visits and strive for new progress in their result-oriented cooperation at a meeting in Hanoi on June 27.
Police officers of Vietnam and China gathered in the central province of Khanh Hoa on July 28 to discuss ways to strengthen cooperation in fighting drug-related crimes.
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.
Delegates at the event (Photo:VNA)
