Deputy Foreign Minister Le Hoai Trung at the event (Source: VNA)
Hanoi, July 19 (VNA) – A seminar on economic and tradecooperation between Vietnam and Guangdong-Hong Kong (China) took place in Hanoion July 19, attracting senior officials from 14 Vietnamese cities and provincesand nearly 200 businesses from both sides.
Speaking at the ceremony, Deputy Foreign Minister Le HoaiTrung said China has been Vietnam’s largest trade partner over the past 13consecutive years. Two-way trade hit 72 billion USD last year, or one fifth ofVietnam’s total exports.
Last year, China was among top 10 foreign investors inVietnam, ranking eighth with a total registered capital of 10.5 billion USD.
Two-way trade between Vietnam and Guangdong and Hong Kongreached 17 billion USD and 6.09 billion USD, respectively. As of March 2017,Hong Kong was the sixth foreign investor in Vietnam with a total registeredcapital of 17 billion USD.
Trung said with optimism that bilateral ties will keepthriving, given that the Vietnamese economy has maintained a growth of over 6percent despite the global economic and financial crisis.
According to the Deputy FM, Vietnam is gradually becoming animportant link in the global value chain, particularly in the fields of electronics,garment, agriculture and fisheries. Meanwhile, Hong Kong is a significantgateway for Vietnamese goods to enter the Chinese market.
Almost Vietnamese industries and sectors are stronglydeveloping, from transport infrastructure, urban planning and development, energy,high-tech agriculture, machinery engineering to support industry.
The Vietnamese government is determined to further step upreform and global integration.
Commercial and Economic Counsellor at the Chinese embassy HuSuo Jin hailed Guangdong’s high gross domestic product over the past 28 yearsand described Hong Kong as a major financial, trade and transportation centre ofChina.
He said the Chinese embassy will continue serving as abridge connecting the two countries’ businesses in the near future.
A senior official from Guangdong province said Vietnam’sfarm produce such as rice and fruits are popular in Guangdong while consumergoods such as footwear, apparel and electronics have also attracted Vietnameseconsumers. Last year, Guangdong poured over 207 million USD into Vietnam.
He added that the provincial authorities support An Duongindustrial zone in Hai Phong, hoping that it will become a model industrialzone.
At the event, participating firms learned about businessopportunities and market demand in each side.-VNA
Vietnamese Party General Secretary Nguyen Phu Trong visited Guangdong province – considered as China’s gateway to the world, especially Southeast Asia – as part of his current official visit to the neighbouring country.
Trade cooperation between Vietnam and Chinese province of Guangdong continues playing an important part in the Vietnam-China partnership, Deputy Prime Minister Pham Binh Minh has said.
The Consulate General of Vietnam in Guangzhou city, the Chinese province of Guangdong, has held a banquet in celebration of the 67th founding anniversary of the countries’ diplomatic ties (January 18, 1950).
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.
Deputy Foreign Minister Le Hoai Trung at the event (Source: VNA) 
