Vietnam is making efforts to help Vietnamese and Indian export-import firms handle difficulties, especially during and after the COVID-19 pandemic, heard an online conference on June 17.
NewDelhi (VNA) – Vietnam is making efforts to help Vietnamese and Indianexport-import firms handle difficulties, especially during and after the COVID-19pandemic, heard an online conference on June 17.
Speakingat the conference on Vietnam-India investment and trade in the new normal, DoQuoc Hung, deputy head of the Asia-Pacific Market Department under theVietnamese Ministry of Industry and Trade (MoIT), said Vietnam commits toeasing trade barriers to prevent any adverse impacts on trade and businessactivities in all sectors, he said.
Hecalled on India not to impose trade defence measures on Vietnamese products,and consider removing the existing trade restrictions.
Vietnamhas joined 16 regional and international free trade agreements (FTAs),including the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), Hung said.
Thesedeals have brought about opportunities for Vietnamese enterprises to expand themarket, while helping Indian firms to enhance their cooperation with Vietnamesepartners, and access the Vietnamese market as well as other regions throughVietnam, he stressed.
Asof May 2020, India had run 275 projects worth nearly 900 million USD, ranking26th out of 136 countries and territories investing in Vietnam.
However,Le Thi Hai Van, deputy head of the Foreign Investment Department under theMinistry of Planning and Investment (MPI), said the figures have yet to matchthe potential of the fruitful relationship between the two countries.
Shesuggested the two countries increase trade promotion activities and enhanceconnectivity between their enterprises in order to boost bilateral trade ties.
Atthe conference, some Indian companies shared experience in business developmentand high-quality personnel training, and spoke of investment opportunities andprospects in India.
Theyshared the view that Vietnam is an emerging market that plays a significantrole in the region.
Theevent was jointly held by the Commercial Affairs Office of the VietnameseEmbassy in India, the MPI, the Investment and Trade Promotion Centre of HCMCity, and the Federation of Indian Chambers of Commerce and Industry./.
Minister of Planning and Investment Nguyen Chi Dung has affirmed that India is a major trade partner and investor of Vietnam, urging the two sides to spare no efforts to soon realise the target of bringing bilateral trade to 15 billion USD.
Two-way trade between Vietnam and India reached 1.65 billion USD in the first two months of 2020, up 2 percent against that of the same period last year.
Trade between Vietnam and India would continue to grow strongly and sustainably after the COVID-19 pandemic is brought under control, Vietnamese Ambassador to India Pham Sanh Chau said on April 28.
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.
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 online conference (Photo: VNA) 
