Vietnam-Spain ties stand good chance to thrive further: Ambassador
Vietnam and Spain are standing a good chance to further develop ties, given that the EU-Vietnam Free Trade Agreement (EVFTA) took effect from August and the EU-Vietnam Investment Protection Agreement (EVPIA) has already ratified by Vietnam and is pending ratification in the EU, Vietnamese Ambassador to Spain Hoang Xuan Hai has said.
Vietnamese Ambassador to Spain Hoang Xuan Hai (left) attends a forum on new business and investment opportunities in Vietnam for Spanish companies co-held by the Embassy of Vietnam and the Confederation of Entrepreneurs of Andalusia (CEA). (Photo: VNA)
Hanoi (VNA) – Vietnam and Spain are standing a good chance to further develop ties, given that the EU-Vietnam Free TradeAgreement (EVFTA) took effect from August and the EU-Vietnam InvestmentProtection Agreement (EVPIA) has already ratified by Vietnam and is pending ratification in the EU, VietnameseAmbassador to Spain Hoang Xuan Hai has said.
Hai made the statement at a forum on new business andinvestment opportunities in Vietnam for Spanish companies co-held by theEmbassy of Vietnam and the Confederation of Entrepreneurs of Andalusia (CEA) aspart of his visit to the city of Sevilla, Spain’s Andalusia on November 8–9.
The ambassador highly valued the 44-year diplomatic relation and12-year Strategic Partnership between Vietnam and Spain which has seen progressin multiple areas, particularly economics. He highlighted that bilateral economic ties havegrown remarkably, with two-way trade expanding to 3.25 billion USD in 2019 from650 million USD in 2009.
Despite COVID-19 impacts, the bilateral trade reached 2.3billion USD in the first nine months of this year, he emphasized, adding that Spainis running 82 investment projects, worth over 134 million USD, in Vietnam.
In a meeting with CEA President Javier Gonzalez de Lara ySarria, Hai said he wants to cooperate with the CEA to help Spanish firmsexplore opportunities in the Vietnamese market, especially in hi-techagriculture. His host, meanwhile, said it is the first economic forum onVietnam ever held by the CEA, describing it as a landmark milestone in thebilateral trade relations.
Nhập mô tả cho ảnhAmbassador Hoang Xuan Hai (fourth from the left) has a meeting with José Enrique Millo Rocher, Secretary General of Foreign Action of Andalusia (fourth from the right). (Photo: VNA)
The Vietnamese ambassador also had a meeting with JoséEnrique Millo Rocher, Secretary General of Foreign Action of Andalusia, during heheld that the economic ties between Vietnam and Spain, though growing, are yet to match both countries’ potential and advantages.
Vietnam treasures relations with Spain generally andAndalusia particularly so it has appointed an honorary consul at Sevilla, hestated.
The Spanish side highlighted that the EVFTA offers anopportunity for boosting the bilateral trade and investment and agreed tofurther bolster the ties in the coming time when the pandemic is brought undercontrol./.
As the COVID-19 pandemic has changed the consumption habits of Spaniards to be interested in products related to strengthening their health, Vietnamese enterprises can take an opportunity to have appropriate export orientations to this market, according to Vietnam’s Trade Office in Spain.
The Embassy of Spain in Vietnam has launched an array of cultural events which encourage Vietnamese people to take part in while staying at home amid COVID-19 resurgence.
National Assembly Chairman Vuong Dinh Hue on October 12 extended his greetings to Spanish parliamentary leaders on the occasion of the European country’s National Day (October 12).
Spain's Repsol has ambitious plans for a carbon capture and storage (CCS) project in Indonesia, which will be the first CCS project deployed by Repsol and the first in Indonesia.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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.
Vietnamese Ambassador to Spain Hoang Xuan Hai (left) attends a forum on new business and investment opportunities in Vietnam for Spanish companies co-held by the Embassy of Vietnam and the Confederation of Entrepreneurs of Andalusia (CEA). (Photo: VNA)
Nhập mô tả cho ảnhAmbassador Hoang Xuan Hai (fourth from the left) has a meeting with José Enrique Millo Rocher, Secretary General of Foreign Action of Andalusia (fourth from the right). (Photo: VNA)
