A delegation of 23 Vietnamese entrepreneurs, led by Deputy Minister of Industry and Trade Do Thang Hai, attended the Vietnam-Mexico Business Forum in Mexico City on July 4, aiming to seek cooperation opportunities with the host country’s partners.
Deputy Minister of Industry and Trade Do Thang Hai speaks at the forum (Photo: VNA)
Mexico City (VNA) – A delegation of 23 Vietnamese entrepreneurs, led byDeputy Minister of Industry and Trade Do Thang Hai, attended the Vietnam-MexicoBusiness Forum in Mexico City on July 4, aiming to seek cooperationopportunities with the host country’s partners.
Undersecretary for Foreign Trade inMexico's Secretariat of Economy Luz Maria de la Mora spoke highly of the bilateraleconomic and trade relations, affirming that Mexico considers Vietnam a strategicmarket in the Asia-Pacific region.
She expressed her hope that the two countries’ authorisedagencies will continue strengthening close coordination in the coming time and theirbusinesses will effectively take advantage of the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP), contributing to promotingbilateral trade turnover as well as post-pandemic economic recovery.
The official affirmed that the Mexican Secretariat of Economy willcreate all favourable conditions and provide maximum support for the twobusiness communities.
For his part, Deputy Minister Hai stated that Mexico iscurrently Vietnam's second largest trading partner in Latin America, andVietnam is Mexico's eighth largest trader in Southeast Asia.
He quoted statistics of the General Department of VietnamCustoms as saying that two-way trade turnover grew positively in 2021, reaching5.06 billion USD, up 37.5% year-on-year. The figure hit 2.33 billion USD in thefirst five months of 2022, up 21.9% year-on-year.
Vietnam wishes to further increase the trade and investment valuewith Mexico, with a focus on energy, telecommunications, high-tech agricultureand high value-added industries, said Hai.
Earlier, the two officials reviewed theoutcomes of the third session of the joint committee, and discussed measures topromote bilateral economic and trade ties in the coming time./.
Despite continuous trade surplus with Mexico, Vietnam’s market share in this market is only 1.3 percent. Therefore, businesses should take advantage of incentives from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to expand the presence of Vietnamese goods in Mexico, experts said.
Vietnam and Mexico should consider the possibility for cooperation in and development of basic industries, especially metallurgy, mechanical engineering, and manufacturing and processing, Minister of Industry and Trade Nguyen Hong Dien has said.
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.
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.
Deputy Minister of Industry and Trade Do Thang Hai speaks at the forum (Photo: VNA) 
