Vietnam hopes to become goods entrepot between ASEAN and China: PM
Prime Minister Pham Minh Chinh pressed the button to inaugurate the Vietnamese pavilion at the 20th China-ASEAN Expo (CAEXPO) in Nanning city, China’s Guangxi province, on September 17.
At the inauguration of Vietnam pavilion. (Photo: VNA)
Nanning (VNA) – Prime Minister Pham MinhChinh pressed the button to inaugurate the Vietnamese pavilion at the 20thChina-ASEAN Expo (CAEXPO) in Nanning city, China’s Guangxi province, onSeptember 17.
Among the participating ASEAN countries, Vietnam’s pavilionhad the largest scale with about 200 booths covering an area of nearly 5,000 sq.m,displaying high-quality Vietnamese products and services.
In his remarks, the PM noted his pleasure at the largenumber of Vietnamese businesses participating in the expo, saying manytransactions signed on this occasion.
He stressed that the thriving Vietnam-China ComprehensiveStrategic Cooperative Partnership has created thefoundation for the bilateral trade ties. However, ample room remains for theinvestment and trade relations.
Prime Minister Pham Minh Chinh at the expo. (Photo: VNA)
Chinh asked businesses, ministries, agencies andlocalities to step up investment promotion activities, reform production technology,raise product quality, and build strong brands to facilitate the access ofVietnamese goods to China, contributing to deepening the Vietnam-Chinarelationship practically and effectively.
The PM expressed his hope that with the geographical advantage,Vietnam will become a goods entrepot and a crucial link in the supply chainbetween ASEAN and China.
Prime Minister Pham Minh Chinh speaks at opening ceremony of CAEXPO and China-ASEAN Business and Investment Summit. (Photo: VNA)
Earlier, he attended and delivered a speech at theopening ceremony of CAEXPO and China-ASEAN Business and Investment Summit(CABIS)./.
The relations between Vietnam and China have experienced ups and downs over the past 73 years. However, friendship and cooperation have remained the mainstream trend in the ties and become a common valuable asset that helps maintain the stable development of the bilateral relations and bring practical benefits to the two peoples.
With major efforts from both sides, the Vietnam-China comprehensive strategic cooperative partnership has continued to make important progress in all fields over recent years.
Permanent Vice Chairman of Lang Son province Duong Xuan Huyen on September 15 attended a ceremony to start work on Huu Nghi (Vietnam) – Youyi Guan (China) smart border gate project, organised by the People’s Government of the Guangxi Zhuang Autonomous Region.
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.
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.
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.
At the inauguration of Vietnam pavilion. (Photo: VNA) 
Prime Minister Pham Minh Chinh at the expo. (Photo: VNA) 
Prime Minister Pham Minh Chinh speaks at opening ceremony of CAEXPO and China-ASEAN Business and Investment Summit. (Photo: VNA) 
